Ireland’s biggest company CRH has said further share buybacks “are under active consideration”. Details of future share buyback programmes will be announced as part of the group’s trading update on the 24th of April. The news comes as the group said it has completed the fourth phase of its current share buyback programme, returning a […]
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) said on Monday it expects to receive Boeing Co’s proposed software enhancement package for the grounded 737 MAX “over the coming weeks” after the company had previously said it planned to submit the fix for government approval by last week. FAA spokesman Greg Martin said that […]
Superdry, the troubled fashion retailer, has become embroiled in a “dirty tricks” row hours before investors decide whether to reinstate co-founder Julian Dunkerton to its board. Sky News has learnt that lawyers for Mr Dunkerton warned Superdry on Monday against making allegedly defamatory statements about him to the company’s shareholders. Debevoise & Plimpton, the law […]
(Reuters) – Shares of ride-hailing company Lyft Inc fell as much as 10.5 percent on Monday, below its initial public offering price of $72. The company debuted on Nasdaq on Friday, opening at $87.24, over 21 percent above its IPO price. Brokerage Guggenheim Securities started coverage on the stock with a ‘neutral’ rating, citing lack […]
(Reuters) – Kellogg Co said on Monday it would sell some assets including cookie brands Keebler and Famous Amos to Nutella maker Ferrero Group for $1.3 billion, to focus on its core cereal and snacks businesses. The deal comes as Kellogg, like other packaged food companies, has been struggling to adjust to changing consumer tastes […]
(Reuters) – Home-renting company Airbnb has invested in Indian hotel reservation start-up OYO’s series E funding round, as it dives deeper into the hotel-booking business. Airbnb did not disclose the details of its investment in OYO, which is backed by Japan’s SoftBank Group Corp. U.S.-based Airbnb will look at ways to make the OYO accommodation […]
The value of Ireland-linked mergers and acquisition activity plunged in the first three months of the year to just €2.1bn from €20bn in the first quarter of 2018, figures compiled for the Irish Independent reveal. The slump tallies with a sharp decline in M&A activity across the world. There has been a marked slowdown in […]
(Reuters) – Home-renting company Airbnb has invested in Indian hotel reservation start-up OYO’s series E funding round, as it dives deeper into the hotel-booking business. Airbnb did not disclose the details of its investment in OYO, which is backed by Japan’s SoftBank Group Corp. U.S.-based Airbnb will look at ways to make the OYO accommodation […]
DUBAI/SINGAPORE (Reuters) – Saudi Aramco, the world’s top oil producer, has been rated A+ by Fitch in its first-ever credit rating, ahead of the state oil giant’s first global bond sale and following 2018 earnings that dwarfed those of international oil majors. Aramco generated earnings before interest, tax and depreciation (EBITDA) of $224 billion in […]
Wanted: New chief executive to clean up radioactive mess. Hazmat suit not provided. Wells Fargo is searching for a new leader after its chief executive, Timothy J. Sloan, abruptly resigned on Thursday, after being hounded by politicians, regulators, customers and employees about the halting efforts to overhaul the scandal-tarred bank. Wells Fargo, the country’s fourth-largest […]