Stock News

Altice shares soar, acquires Suddenlink to enter US cable market

French telecommunications group Altice SA announced on Wednesday it has agreed to purchase a controlling stake in US cable company Suddenlink Communications, giving it a foothold in one of the worlds largest and fastest-growing communications markets. Altice said it will acquire 70% of the share capital in Suddenlink from its shareholders BC Partners, CPP Investment […] Read more

Vodafone share price down, returns to quarterly sales growth but full-year revenue still down

Vodafone Group Plc, the worlds second-biggest mobile operator, reported on Tuesday its first quarterly rise in service revenue in nearly three years, but full-year performance continued to show a pattern of declining sales in Europe. The British telecoms group said organic service revenue rose 0.1% in the fourth fiscal quarter ended March 31st as more […] Read more

Thorntons Plc share price down, CEO Hart to step down in June

Troubled British chocolate maker Thorntons announced on Monday the resignation of Chief Executive Officer Jonathan Hart after months of declining sales and execution issues. The Derbyshire-based company said Mr. Hart would leave on June 27th and current Chief Operating Officer Barry Bloomer will assume the role of interim CEO until a replacement is found. During […] Read more

SABMiller Plc share price up, acquires UK craft brewer Meantime

SABMiller, the worlds second-biggest brewing company, announced on Friday it is gaining a foothold into the fast growing British craft beer market by acquiring Meantime Brewing Company for an undisclosed sum. The global beer giant said it plans to boost the craft brewerys sales and explore export opportunities in its European markets under the continued […] Read more

Honda share price steady, recalls 4.9 million cars over Takata air bags

Honda Motor Co joined on Thursday fellow Japanese carmakers Toyota Motor Corp and Nissan Motor Co in the latest round of air bag related recalls, announcing it will pull back 4.9 million vehicles with potentially faulty air bag inflators. Honda, Takatas biggest customer, said its latest recall involves popular models such as the Accord, CRV, […] Read more

Toyota share price down, expands Takata-related recalls by 5 million

Japanese carmaker Toyota Motor Corp announced on Wednesday it will recall just under 5 million vehicles due to risk of moisture intrusion on certain types of air bags produced by Takata Corp. The worlds biggest auto manufacturer said it will initiate both a new recall and expand the production period of existing recalls, withdrawing approximately […] Read more

EasyJet share price tumbles, warns of impact on second-half results

British low-cost airline easyJet Plc swung to a profit in the first fiscal half for the first time since 2002 but shares of the company tumbled as it warned of the negative impact a French strike in April would have on full-year performance. Europes second-biggest budget airline reported that total revenue for the six months […] Read more

Sharp shares tumble, considers capital reduction, preferred stock issuance

Troubled Japanese electronics maker Sharp Corp lost nearly $1 billion in market value on Monday after it said it may reduce its capital and issue preferred stock as part of a restructuring plan, with investors worrying about a potential dilution and other possible fund raising in the future. A person familiar with the matter who […] Read more

Syngenta AG shares soar, rebuffs Monsanto takeover offer

Swiss crop chemicals and seed producer Syngenta announced on Friday it has rejected a $45-billion acquisition proposal by US rival Monsanto Co, saying the offer undervalued the Swiss company and citing significant challenges to closing the deal. Monsanto offered CHF 449 per Syngenta share, with roughly 45% of the payment in cash. However, after a […] Read more

Siemens AG share price down, to cut 4 500 jobs as industrial profit falls

German engineering giant Siemens AG announced on Thursday another workforce reduction to help turn around its power and gas division and other underperforming businesses as second-quarter industrial profit dropped due to low oil prices and volatile economic conditions. Siemens said it plans to cut about 4 500 jobs worldwide, roughly 1% of the global headcount, […] Read more