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July 5, 2022

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Capgemini reiterates it has no intention of acquiring Atos

Reuters
The logo of Capgemini is seen at the company’s headquarters in Paris, France, August 3, 2021. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register July 1 (Reuters) – French IT consultancy Capgemini (CAPP.PA) reiterated on Friday it has no intention of acquiring or being involved in Atos’s......

H&M profit jumps as shoppers hit stores after pandemic

Reuters
The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, June 29 (Reuters) – H&M (HMb.ST), the world’s second-biggest fashion retailer, reported a forecast-beating 33% increase in March-May profit on Wednesday......

Volt, Australia’s first online-only bank, shuts down due to fund-raising woes

Reuters
June 29 (Reuters) – Volt Bank Ltd, the first exclusively online bank to gain an Australian banking licence, said on Tuesday it would shut down, returning deposits and selling its mortgage book after failing to raise sufficient funds to support the business. Its collapse is a further blow to a......

Akzo Nobel names Poux-Guillaume as new chief executive

Reuters
Cans of Dulux paint, an Akzo Nobel brand, are seen on the shelves of a hardware store near Manchester, Britain, April 24, 2017. REUTERS/Phil Noble/File Photo Register now for FREE unlimited access to Reuters.com Register June 28 (Reuters) – Dulux paint maker Akzo Nobel (AKZO.AS) has named French businessman Gregoire......

Toshiba board gains two directors from activist funds in historic shift

Reuters
TOKYO, June 28 (Reuters) – Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott......

ISS urges Spirit shareholders to vote for Frontier offer

Reuters
June 25 (Reuters) – Proxy advisory firm Institutional Shareholder Services Inc (ISS) has urged shareholders of Spirit Airlines Inc (SAVE.N) to vote for a proposed merger with Frontier Group Holdings Inc (ULCC.O). “On balance, support for the merger with Frontier on the revised terms is warranted,” the proxy advisory firm......

Italy’s Monte dei Paschi seeks 2.5 bln euros for latest relaunch plan

Reuters
People are seen inside a Monte dei Paschi di Siena bank in Rome, Italy August 16, 2018. REUTERS/Max Rossi Register now for FREE unlimited access to Reuters.com Register Targets 3,800 voluntary staff exits in November Secures pre-underwriting accord with group of banks To lower costs, replenish capital with cash call......

Italy’s De Nora IPO oversubscribed despite turbulent market -bookrunner

Reuters
De Nora’s logo is displayed on a smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register June 22 (Reuters) – Industrie De Nora, Italy’s first initial public offering (IPO) since Russia invaded Ukraine, overcame market turbulence on Wednesday with its......

Italy’s Saipem sets terms for cash call, shares drop 15%

Reuters
A Saipem logo in seen on the bridge of the Saipem 10000 deepwater drillship in Genoa’s harbour, Italy, November 19, 2015. REUTERS/Alessandro Garofalo Register now for FREE unlimited access to Reuters.com Register New shares offered at 1.013 euros each Capital hike to run from June 27 to July 11 Core......

Blockchain payment company Roxe to go public via $3.6 bln SPAC deal

Reuters
June 21 (Reuters) – Blank check company Goldenstone Acquisition Ltd (GDST.O) said late on Tuesday that it has entered into a deal with blockchain-based payments company Roxe Holding Inc to take it public for a combined enterprise value of about $3.6 billion. The deal bucks an unfavorable market environment with......

Leonardo’s DRS to land on Nasdaq with RADA takeover

Reuters
Leonardo logo and stock graph seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register MILAN, June 21 (Reuters) – Leonardo’s (LDOF.MI) U.S. electronics business DRS (2VZ.F) has agreed an all-stock takeover of Israel’s RADA Electronic Industries , the Italian......

Philippine tycoon Razon eyes up to $400 mln IPO -sources

Reuters
Enrique Razon, businessman and owner of casino operator Bloomberry Resorts, gestures during an interview by reporters after a stockholders’ meeting in Manila June 24, 2013. REUTERS/Romeo Ranoco Register now for FREE unlimited access to Reuters.com Register MANILA, June 21 (Reuters) – Philippine ports and gaming tycoon Enrique Razon is weighing......

Euromoney gets $2 bln possible cash offer

Reuters
June 20 (Reuters) – Euromoney Institutional Investor (ERM.L) said on Monday it received a possible cash offer from a consortium, which could value the information services firm at around 1.60 billion pounds ($1.96 billion). The consortium of Astorg Asset Management and Epiris LLP offered 14.61 pounds per Euromoney share, the......

Crypto hedge fund Three Arrows Capital considers asset sales, bailout – WSJ

Reuters
June 17 (Reuters) – Cryptocurrency hedge fund Three Arrows Capital Ltd is exploring options, including the sale of assets and a bailout by another firm, the Wall Street Journal reported on Friday. The crypto market has suffered heavy losses, with companies such as Coinbase (COIN.O), Gemini, Blockfi and Crypto.com laying......

Bausch Health suspends plans for Solta IPO

Reuters
June 16 (Reuters) – Bausch Health Companies Inc (BHC.TO) said on Thursday it was suspending plans for the initial public offering of its unit Solta Medical due to challenging market conditions. It has been a gloomy year for U.S. capital markets, with IPO-bound Reddit Inc and Mobileye, the self-driving car......

Founder Harold Hamm offers to take Continental private at $25-bln value

Reuters
June 14 (Reuters) – Continental Resources Inc (CLR.N) said on Tuesday it received an all-cash offer from billionaire-founder Harold Hamm’s family trust, a deal which could take the U.S. shale producer private at a valuation of $25.41 billion. If both sides reach an agreement, it would result in the most......

Sequoia raises $2.85 billion in India, Southeast Asia funds

Reuters
Gojek driver helmets are seen during Go-Food festival in Jakarta, Indonesia, October 27, 2018. REUTERS/Beawiharta Register now for FREE unlimited access to Reuters.com Register MUMBAI, June 14 (Reuters) – Sequoia Capital has raised $2.85 billion to fund Indian and Southeast Asian startups, the venture capital firm said on Tuesday, looking......

Saudi Telecom shares rise on $8 bln capital increase proposal

Reuters
A man passes the Saudi Telecom STC office in Riyadh, Saudi Arabia February 6, 2018. REUTERS/Faisal Al Nasser Register now for FREE unlimited access to Reuters.com Register DUBAI, June 12 (Reuters) – Saudi Telecom (7010.SE) said on Sunday its board had proposed increasing the company’s share capital by 30 billion......

Deloitte denies media reports on restructuring plans

Reuters
Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/Files Register now for FREE unlimited access to Reuters.com Register June 8 (Reuters) – Deloitte, one of the “Big Four” accounting firms, said late on Wednesday that media reports about the company exploring a plan to split its......

The pain after the gain: grocery deliverers reshuffle after lockdown boom

Reuters
AMSTERDAM, June 8 (Reuters) – The grocery delivery industry that erupted in the depths of lockdown is facing a painful period of adjustment that investors say is likely to see only a handful of firms survive in each market – and then, in very different shape. As the COVID-19 pandemic......

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