We have known since the 2008 financial crash that there are serious problems with British accounting and auditing. The recent failures of Carillion, BHS and Patisserie Valerie have only added fuel to the ...
Every investor in Vodafone Group Plc (LON:VOD) should be aware of the most powerful shareholder groups. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller c...
Inside Media Companies' Transformation Efforts: DISCA, VIAB, CBS(Continued from Prior Part)Vodafone deal to net over $20 billion for Liberty Liberty Global (LBTYA) is on track to collect close to $27 billion from asset sale transactions with Vodafone
The blue-chip index ended a lacklustre session about flat, lagging its European peers, while the FTSE 250 held on to its six-month high with a 0.5 percent rise as a stronger pound also aided. The pound's gains followed upbeat comments from Britain's foreign minister Jeremy Hunt on talks between the government and the opposition Labour Party to find a consensus over Brexit.
(Reuters) - Britain's main index lost ground on Monday as miners and oil majors fell, more than offsetting gains in bank stocks. The FTSE 100 was 0.2 percent lower, lagging its European and Asian counterparts, ...
Sirius Minerals is making good progress towards securing $3bn of debt financing it needs to complete development of giant fertiliser mine in North Yorkshire. If it fails to secure the package Sirius will be forced to slow progress at its sites on the North York Moors and Teesside to avoid running out of cash. Speaking on Friday at a launch ceremony for its first tunnel boring machine, Sirius chief executive Chris Fraser said the company was making good progress in the discussions with the unnamed institution, believed to be JPMorgan.
The FTSE 100 was down 0.1 percent, with losses led by several stocks trading ex-dividend, while the FTSE 250 added 0.7 percent. Dublin's main index, considered a measure of Brexit sentiment, jumped 0.6 percent. The European Union granted Britain a six-month extension to leave the bloc, averting a disorderly exit on Friday and giving Prime Minister Theresa May more time to break the Brexit deadlock at home.
BERLIN (Reuters) - The CEO of Deutsche Telekom criticised the amount companies will have to pay to get fifth generation mobile internet spectrum in Germany as the amount of total bids approached 5 billion ...
The London-listed company said last month it had received an “alternative” funding proposal from a major global financial institution. Sirius is trying to put the new package in place by the end of the month, when it also hopes to reveal how it will raise an $400m to $600m of equity to cover extra tunnelling costs. It is not clear how the new debt package will be structured, but securing the money would be a big boost Sirius.
Lloyds Banking Group (NYSE:LYG), the dominant retail bank in the U.K., was the top contributor for the quarter, returning 23%. During the quarter, Lloyds announced underlying 2018 fiscal-year results that were largely in line with our expectations. The group also announced a new GBP 1.75 billion share repurchase program for 2019, which was larger than expected and an increase from its GBP 1 billion of repurchases in 2018.
The Oakmark Global Select Fund returned 12.7% for the quarter ended March 31, 2019, slightly outperforming the MSCI World Index, which returned 12.5%. Importantly, the Fund has returned an average of 7.2% per year since its inception in October 2006, outperforming the MSCI World Index's annualized gain of 5.6% over the same period. Lloyds Banking Group (LYG), the dominant retail bank in the U.K., was the top contributor for the quarter, returning 23%.
European shares rounded off a solid week on Friday, as better than expected German and U.S. data bolstered risk appetite, while Irish stocks surged to their best closing level in nearly half a year amid a possible delay to Brexit. The demand could complicate a bid to create Europe's third-largest bank out of Germany's top two lenders, which have struggled to recover since the financial crisis.
The FTSE 100 dipped 0.2 percent, well off a six-month high it held in the last two sessions, while the midcaps lost 0.3 percent. Highlighting the brunt of the Brexit-related hit to financial markets, Britain has lost 6.6 billion pounds in economic activity every quarter since it voted to leave the EU, according to S&P Global Ratings. The main index was weighed down by steep losses in financials Lloyds, Direct Line and St James's Place, which traded ex-dividend.
Moody's Investors Service ("Moody's") has today assigned a Ba1 rating to Vodafone Group Plc's (Vodafone) issuance of USD 2 billion subordinated fixed rate reset 10 year capital securities due 2079. Vodafone plans to use the hybrid securities to fund a portion of the EUR 18.4 billion acquisition of Liberty Global plc's (Ba3 stable) assets in Germany and Central and Eastern Europe (CEE).
Vodafone, the world's No. 2 mobile operator, has reached an agreement with Italian trade unions to cut jobs through voluntary redundancies and reduced hours, it said on Thursday. Last month Vodafone said it was opening talks with unions over 1,130 job cuts, equal to 16 percent of its Italian workforce. The move is part of a broader effort to reshape its business in Italy due to increasing pressure in the country's mobile market.
BRUSSELS/LONDON (Reuters) - The European Union has not raised any major concerns about the impact on Germany's cable market of Vodafone buying Liberty Global's assets, sources with direct knowledge of the matter said on Tuesday, improving the chances of the deal going ahead. Vodafone, the world's No.2 mobile operator, agreed in May to pay $22 billion for Liberty Global's cable networks in Germany and eastern European markets to challenge the dominance of former monopolies such as Deutsche Telekom.
BRUSSELS-LONDON (Reuters) - The European Union has not raised any major concerns about the impact of Vodafone's buying Liberty Global's assets on the cable market in Germany, sources with direct knowledge of the matter said on Tuesday. Vodafone, the world's second biggest mobile operator, agreed in May to pay $22 billion for Liberty Global's cable networks in Germany and eastern European markets to challenge the dominance of former monopolies like Deutsche Telekom. In December, the EU opened a full-scale probe into the deal, which has been strongly criticised by rivals DT and Telefonica ...
LONDON/BRUSSELS (Reuters) - Vodafone still expects to secure EU antitrust approval for its $22 billion (16.86 billion pounds) purchase of Liberty Global's assets in Germany and eastern Europe by the middle of the year, it said on Tuesday. The world's second-largest mobile operator expressed its confidence after receiving the European Commission's statement of objections, which set out the watchdog's concerns about the deal. The Commission had previously voiced worries about the impact in Germany, the Czech Republic, Hungary and Romania.