Headline News
Macy’s ends takeover talks with Arkhouse, Brigade
Macy’s tumbled on Monday after the department store chain said it had ended takeover talks with private equity firms Arkhouse Management and Brigade Capital Management after months of negotiations.
Burberry shares tank as CEO ousted, profit warning issued, divi axed
Shares in luxury goods maker Burberry on Monday slumped by double-digits as the company ousted its chief executive, suspended dividend payments and issued a profits warning after weak global demand battered first-quarter sales.
Cleveland-Cliffs to buy Stelco in $2.5bn deal
US flat-rolled steel producer Cleveland-Cliffs said on Monday that it has agreed to buy Stelco in a $2. 5bn cash and stock deal.
BlackRock assets under management reach record $10.6trn
BlackRock announced a robust set of second-quarter results on Monday, as its total assets under management reached a fresh record amid growth across its platform.
Bernstein downgrades Ocado to ‘underperform’, slashes price target
Bernstein downgraded Ocado on Monday to ‘underperform’ from ‘outperform’ and slashed the price target to 250p from 1,000p, "having been one of the last bulls standing".
ME Group confident after strong first half
Instant-service equipment specialist ME Group International reported a robust set of interim results on Monday, with a 4. 6% increase in revenue to £150. 4m and an 11. 1% rise in EBITDA to £51. 2m.
Antler sells entire stake in Baltic Classifieds
Baltic Classifieds said on Monday after Antler, which is controlled by funds advised by Apax, has sold off its remaining 13% stake in the company in a placing.
UK house prices soften in July - Rightmove
UK house prices dipped in July, industry data showed on Monday, as the general election, international sporting events and the start of the summer holidays unsettled the market.