Petershill Partners, the Goldman Sachs-owned investment group, said on Thursday it plans to delist from the London Stock Exchange and return $921 million to shareholders.The news sent the company’s shares up by 33%, hitting a four-year high, and the stock was the top gainer on the FTSE mid-cap index.The decision…
Shares of SSP Group rose sharply on Thursday after a Financial Times report that activist hedge fund Irenic Capital Management is exploring a potential take-private deal for the UK-listed food and beverage operator.The Upper Crust owner’s stock jumped as much as 9.9% in early London trading, making it the second-highest…
Hennes & Mauritz posted stronger-than-expected third-quarter earnings on Thursday, sending its shares sharply higher as investors welcomed signs of progress in the Swedish retailer’s turnaround plan.Shares rose as much as 11% in early European trading, buoyed by evidence that management’s efforts to reshape the business through new collections, tighter cost…
Asian equities finished Thursday’s session largely flat as enthusiasm from recent AI-driven gains cooled and expectations for aggressive US interest rate cuts diminished. Investors weighed concerns over a slowing US labour market and persistent inflation while awaiting fresh data, including jobless claims and the Federal Reserve’s preferred inflation measure, the…
The clock is ticking toward a crisis. As a bitter political impasse between congressional Democrats and Republicans deepens, the risk of a partial US government shutdown beginning next week is rising, casting a long and anxious shadow over the nation’s financial markets. While Wall Street has historically shrugged off these…
China has urged the United States to eliminate what it calls “unreasonable tariffs” and foster conditions conducive to expanding bilateral trade, a commerce ministry spokesperson stated on Thursday, addressing questions about China’s potential purchase of US soybeans.China, the world’s largest importer of soybeans, has reportedly abstained from purchasing any US…
Europe markets opened lower on Thursday, blending a sense of guarded hope with the usual dose of vigilance.Investors seemed to be settling into a watchful stance, mindful of ongoing geopolitical uncertainties and central bank signals, but buoyed by pockets of encouraging corporate earnings and sector-specific rallies.The market mood reflects a…
BT Group share price has crashed in the past few weeks, moving from the year-to-date high of 218p to the current 194p. It has moved to the lowest level since July 24 this year, but is still up by over 48% higher than the year-to-date low. Here are some of…
Petershill Partners, the Goldman Sachs-owned investment group, said on Thursday it plans to delist from the London Stock Exchange and return $921 million to shareholders.The news sent the company’s shares up by 33%, hitting a four-year high, and the stock was the top gainer on the FTSE mid-cap index.The decision…
Shares of SSP Group rose sharply on Thursday after a Financial Times report that activist hedge fund Irenic Capital Management is exploring a potential take-private deal for the UK-listed food and beverage operator.The Upper Crust owner’s stock jumped as much as 9.9% in early London trading, making it the second-highest…