Bankers in Asia brace for a virus-related deal drought
Bankers in Asia are bracing for a deal drought as efforts to limit the spread of the coronavirus epidemic have put key meetings and roadshows on hold.
Daimler slashes its dividend following third profit warning
Daimler cut its dividend on Tuesday to 0.90 euros ($0.98) a share after 2019 earnings more than halved, weighed down by restructuring and legal charges in what amounts to the third profit warning for new Chief Executive Ola Kaellenius.
JD Sports/Footasylum deal may leave shoppers worse off: Britain’s watchdog
Britain’s competition watchdog said on Tuesday a takeover of sports retailer Footasylum by larger rival JD Sports could leave shoppers worse off, and a sale of the business might be the only way to protect consumer interests.
GKSD Investment confirms it is mulling offer for NMC Health
GKSD Investment Holding on Tuesday confirmed it was in the preliminary stages of considering an offer for NMC Health , a day after the healthcare group revealed two approaches from private equity groups.
Marks & Spencer appoints Greencore exec Eoin Tonge as new CFO
British retailer Marks and Spencer said on Tuesday it had appointed Eoin Tonge as its new chief financial officer, taking over from interim CFO David Surdeau in June.
Barren streets but bustling stock markets in virus-stricken China
Shops, restaurants and cinemas may be deserted in many parts of virus-plagued China, but online trading forums, internet roadshows and analyst calls are teeming with investors who have driven up stock trading volumes to nine-month highs.
TUI says strong holiday demand helps to offset MAX grounding cost
European travel company TUI said strong demand for holidays would help offset the impact of the grounding of the Boeing 737 MAX aircraft on its annual profit, enabling it to lift the bottom end of annual earnings guidance.
Daimler slashes its dividend following profit warning
Daimler cut its dividend to 0.90 euros ($0.9818) a share after 2019 earnings more than halved, weighed down by restructuring and charges in what amounts to the third profit warning for new CEO Ola Kaellenius.
Delivery Hero expects Europe to remain break-even in 2020
Delivery Hero expects its Europe business to remain break-even during 2020 after hitting this mark, as forecast, in the fourth-quarter of 2019, the German food delivery group said on Tuesday.
TUI says 737 MAX grounding continues to drag on profit
European holiday company TUI said it was expecting the grounding of the Boeing 737 MAX aircraft to cost it an additional 220 million euros to 245 million euros over its 2020 financial year, as the U.S. planemaker’s woes continue to drag on profit.
