International Companies
Levi Strauss buttons up for IPO
Levi Strauss on Wednesday filed documents ahead of a public listing on the New York Stock Exchange, with the jeans maker returning to public markets after more than 30 years of private ownership.
Heineken cheers market with strong full-year results
Investors toasted Heineken on Wednesday, sending shares in the Dutch brewer 6% higher on forecast-beating results.
Credit Bank of Moscow launches new overnight deposits for corporate clients
Credit Bank of Moscow is launching a new service to allow corporate clients to capitalise on cash balances at the end of each day via its online platform.
Nissan cuts profits forecast as global car sales fall
Japanese car giant Nissan has taken a ¥9. 2bn (£65m) charge and slashed full-year profit forecasts as it continues to manage the fallout from the arrest of former chairman Carlos Ghosn.
Indian watchdog looking into Google following accusations of abuse
The Competition Commission of India has spent the last six months looking into accusations that Google has abused the Android mobile operating system to block its rivals.
Call for social media company fines for child protection failures
The children’s charity NSPCC have called for social media platforms such as Facebook, Instagram or Twitter to be fined up to £17. 5m or charges of corporate manslaughter over their failure to protect children from harmful content.
Michelin cheers auto investors with upbeat outlook
Shares in the auto sector revved higher as France’s Michelin posted a forecast-beating set of results and pledged further growth in 2019.
Kering dismisses China fears as Gucci sales surge
The owner of luxury brands Gucci and Yves Saint Laurent has shrugged off growing concerns about the strength of Chinese economy to post forecast-beating results.
Kvaerner revenue up even as field development segment slows
Kvaerner updated the market on its trading for the fourth quarter and full 2018 calendar year on Tuesday, reporting “sound results”, in line with what it had previously communicated.
Softbank invests $940m in delivery start-up
Japanese company Softbank has invested $940m in a start-up that makes driverless robot delivery vans called Nuro. ai.
E.ON the first Big-6 energy firm to hike bill after cap lifted
E. On is the first major energy company to announce it will increase prices for standard variable tariffs by 10. 3% on average as a response to the new higher price cap that has been allowed by the regulator.
Ingersoll Rand to buy Precision Flow Systems for $1.45bn
Ingersoll Rand has made a binding offer to buy fluid management systems provider Precision Flow Systems from BC Partners Advisors and the Carlyle Group for $1. 45bn.
Morgan Stanley to buy Canada's Solium Capital for $900m
Morgan Stanley has agreed to buy Canada's Solium Capital - a provider of software-as-a-service for equity administration, financial reporting and compliance - for around $900m in cash.
Jeff Bezos accuses the National Enquirer of extortion
Jeff Bezos published a blog post on Thursday accusing the National Enquirer of trying to extort him by making intimate photos public unless he stopped investigating how other private photos and messages were obtained and whether the tabloid's reporting was politically motivated.
Trump could sign order banning Chinese telecom equipment
President Donald Trump is said to be considering signing an executive order that will ban Chinese telecom equipment next week.
Tata Motors plummets 30% after Jaguar Land Rover loss
Tata Motors fell almost 30% in the stock market after its Jaguar Land Rover subsidiary dragged the Indian company to its biggest quarterly loss to date.
Wirecard to sue Financial Times over fraud allegations
German fintech giant Wirecard said it was taking legal action against the Financial Times over recent reports alleging creative accounting processes used to win business in Asia.
Philip Morris shares spark up following revenue beat
Tobacco giant Philip Morris turned in revenues ahead of market expectations on Thursday despite a decline in net sales.
Twitter tumbles as costs increase for 2019
Twitter shares fell more than 10% in early trading on Thursday after the social media network published fourth-quarter 2018 earnings and guided to weaker than expected revenue and higher costs for the coming months.
SunTrust Banks and BB&T to merge in $66bn all-share deal
BB&T and SunTrust Banks have agreed to combine in an all-stock merger of equals valued at approximately $66bn, in a deal that will create the sixth-largest US bank based on assets and deposits.