BT plans to exit the Irish market though the £400m (€462m) sale of BT Ireland. This is according to a report from the Daily Telegraph. BT Ireland services corporate clients across the country. The British multinational has reportedly invited bids for BT Ireland as part of a purging of its Global Services international arm. BT […]
SHANGHAI/HONG KONG (Reuters) – As Chinese investment banker Liu Guangfu prepares to file an application for his client to list on Shanghai’s Nasdaq-style technology board, he is heading into uncharted waters: how to price the new shares and sell them to the right investors. Until now, guidance set by Chinese regulators on the pricing of […]
Enterprise Ireland and the IDA need to evolve in order to foster a “new breed of startups,” according to Dublin-based aircraft-leasing giant Avolon. In its report on how to improve Ireland’s startup and innovation culture, Avolon also said that Enterprise Ireland should aim to eliminate all direct company funding and provide financial backing solely through […]
STOCKHOLM (Reuters) – Swedish bank Swedbank reported first-quarter profit above market expectations on Thursday but admitted to past anti money-laundering shortcomings and said it was cooperating with authorities, including those of the United States. Operating profit rose to 6.63 billion Swedish crowns ($703 million), from 6.39 billion a year earlier. Analysts on average were expecting […]
(Reuters) – Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third. Tesla plans to resolve logistics issues with global vehicle deliveries after weathering a challenging few months, also […]
A company linked to developer Johnny Ronan paid for anonymous advertisements in a Sunday newspaper in favour of easing height restrictions for large scale Dublin developments. It’s the second case in a week of high-profile anonymous advertising after WebSummit founder Paddy Cosgrave spent €20,000 on Facebook advertising which he said was to raise awareness of […]
(Reuters) – Britain’s troubled outsourcer Interserve Group Ltd said on Wednesday its finance chief Mark Whiteling had resigned after being in the post since Oct. 2017. Whiteling’s resignation comes weeks after the debt-laden company was placed in administration following a rescue plan that was rejected by its shareholders. The statement confirms Sky News report that […]
HOUSTON (Reuters) – Oil and gas producer Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion, or $57 billion including debt, for Anadarko Petroleum Corp, a bid that topped an offer by Chevron Corp. Chevron offered $33 billion, or $50 billion including debt. Both […]
(Reuters) – AT&T Inc’s first-quarter revenue fell short of Wall Street estimates on Wednesday after it lost subscribers in nearly all of its main businesses except wireless, where it paid heavily to gain customers through price promotions. AT&T lost a net 544,000 premium TV subscribers, a category that includes DirecTV satellite and U-verse television customers. […]
(Reuters) – U.S. stocks pulled back slightly on Wednesday after a record-setting rally in the prior session, as investors digested a batch of mixed earnings reports. The S&P 500 is just 0.3% away from an intra-day record high of 2,940.91 hit on Sept. 21 after surging about 17% this year, helped by a dovish Federal […]