valuations
Top StoriesHSBC Investors Give Ping an Break-Up Plan Cool Response
Top StoriesExclusive-Coca-Cola African Bottler’s $3 Billion IPO Delayed by Ukraine Turmoil
Top StoriesHSBC Shares Rise as Markets Warm up to Break-Up Proposal by Top Shareholder
Top StoriesSquare Enix to Sell ‘Tomb Raider’ to Sweden’s Embracer
Analysis-Banks Lag Bond Yield Surge as Recession Worries Trump Cheap Valuations
Date: April 28, 2022
By Danilo Masoni MILAN (Reuters) – Expectations of rising interest rates have failed to lift valuations of European bank shares languishing at near two-decade lows as a worsening growth outlook weighs on the broader finance industry. Rising bond yields are a boon for banks as they tend to boost interest income but the strongest two-month...
Sodexo in Talks With Cvc on Restaurant Check Business – Les Echos
Date: April 25, 2022
PARIS (Reuters) -Sodexo has entered talks with buyout firm CVCon a deal about its restaurant check unit, French business daily Les Echos reported on Monday, citing sources close to the talks. Both CVC and Sodexo declined to comment. Sodexo is prepared to sell 20% to 30% of the unit, which could be valued at as...
Germany’s Evonik Beats Earnings Expectations on Higher Pricing
Date: April 21, 2022
(Reuters) -German chemicals group Evonik Industries on Thursday reported better-than-expected adjusted quarterly core profit, as higher selling prices offset an increase in variable costs, including energy prices. The company, which makes ingredients for products ranging from animal feed and diapers to Pfizer/BioNTech’s COVID-19 vaccine, reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of...
Industrials and Leisure Stocks Boost UK Shares Higher; Ted Baker Rallies
Date: April 4, 2022
By Sruthi Shankar and Devik Jain (Reuters) – Gains in industrials and leisure stocks drove Britain’s share indexes higher on Monday, with investors closely tracking developments around the Russia-Ukraine crisis, while fashion retailer Ted Baker jumped after launching a formal sale process. The blue-chip FTSE 100 closed up 0.3%. Drugmaker AstraZeneca rose 0.7, while precious...
Analysis-Ukraine Crisis Leaves European Banks’ Renaissance in Tatters
Date: March 9, 2022
By Lawrence White and Iain Withers LONDON (Reuters) – Europe’s struggling banks entered 2022 on a wave of optimism not seen in more than a decade, with interest rates set to rise at last, the COVID-19 pandemic receding, and profits rising. The Ukraine crisis has swiftly knocked that flat. Russia’s invasion has triggered an exodus...
Singapore’s Gic Backs Taiwan Stocks After Market Falls – Sources
Date: March 9, 2022
By Liang-sa Loh TAIPEI (Reuters) – Singapore’s sovereign wealth fund GIC has recently remitted a large amount of money and has begun buying Taiwanese stocks, three sources familiar with the matter told Reuters, taking advantage of recent market falls. The benchmark index closed up 1.1% on Wednesday, reversing some losses having dropped 2.1% on Tuesday...