International Companies
Carnival shares dip despite record third quarter, upgraded guidance
Shares in Anglo-American cruise giant Carnival were in the red on Monday afternoon, even after it reported record-breaking financial results for the third quarter, surpassing its earlier guidance and raising its full-year outlook for the third time.
AT&T sells DirecTV stake to TPG for $7.6bn
American telecoms giant AT&T is to sell its 70% stake in satellite television provider DirecTV to private-equity firm TPG for a total of $7. 6bn.
Stellantis shares tumble on profit warning
Shares in Stellantis tumbled in Milan on Monday after the Chrysler, Peugeot and Jeep maker became the latest auto manufacturer to scale back vehicle delivery forecasts this year.
Rightmove tells shareholders to 'take no action' over £6.2bn REA offer
Rightmove responded to a fourth unsolicited and “highly conditional” acquisition proposal from REA Group on Friday afternoon, urging shareholders to take no action while it considered the deal.
CMA clears Amazon’s partnership with Anthropic
The Competition and Markets Authority said on Friday that it had cleared Amazon’s artificial intelligence partnership with San-Francisco based AI start-up Anthropic.
REA urges Rightmove board to engage with it over £6.2bn fourth offer
REA Group urged the board of Rightmove to engage with it on Friday, as it made a fourth non-binding proposal to acquire the company, valuing it at £6. 2bn.
Mutares hits back after short-seller attack
German private equity firm Mutares responded on Friday to allegations made by short-seller Gotham City Research, insisting that discrepancies in its cash balances were down to a transcription error.
Intel rejects approach from Arm Holdings - report
Intel has rebuffed an approach from Arm Holdings about buying the US chipmaker’s product division, it was reported on Friday.
Moncler surges on LVMH deal
Moncler surged on Friday after LVMH bought a 10% stake in Double R, the investment vehicle controlled by the holding company owned by Moncler chief executive and chairman Remo Ruffini.
Mutares tumbles as Gotham City highlights accounting irregularities
German private equity firm Mutares tumbled on Thursday after Gotham City Research put out a note pointing to accounting irregularities and suggesting that the company is "increasingly reliant" on debt.
BASF to cut dividend, list agricultural unit in restructuring plan
Multinational chemicals giant BASF saw shares fall on Thursday on the back of plans to slash its dividend and dispose of non-core assets, including the potential stock-market flotation of its agricultural arm.
Commerzbank lifts financial targets
Germany’s Commerzbank reiterated plans to continuing growing as an independent bank on Thursday, including upping its financial targets, as it confirmed a first meeting with potential suitor UniCredit.
H&M cuts 2024 earnings target, shares fall
Fashion giant Hennes & Mauritz cut its full-year margin target on Thursday, weighing on shares, after a "challenging" third quarter.
Google accuses Microsoft of anti-competitive tactics in EU cloud market
Google has accused Microsoft of using anti-competitive legacy licensing practices to lock European customers into its cloud platform.
Strikes warning as pay talks get underway at Volkswagen
Unions at Volkswagen warned on Wednesday of potential strikes at the carmaker's German factories, as annual pay negotiations got underway.
SAP shares drop on probe into US federal price fixing
Shares in SAP were down nearly 4% on Wednesday on reports that the German enterprise software giant, among others, is being investigated for potential price-fixing on government contracts.
Sweden's Riksbank trims interest rates
Sweden’s central bank trimmed interest rates on Wednesday, in line with expectations, and said it expected to cut further in the coming months.
Blackstone, Vista Equity to buy Smartsheet in $8.4bn deal
Collaboration software maker Smartsheet rallied on Tuesday after agreeing to be bought by alternative asset manager Blackstone and global investment firm Vista Equity Partners in an $8. 4bn an all-cash deal.
Boeing makes 'best and final' offer to striking workers
The International Association of Machinists and Aerospace Workers called out Boeing after the aircraft manufacturer made its "best and final" offer to striking Boeing workers.
Toyota ups buyback programme after share-price drop
The recent drop in Toyota's share price has prompted the Japanese automaker to raise the size of its buyback programme to 1. 2trn yen ($8. 3bn), the company announced on Tuesday.