Newswire

  • Newswire

    RPT-MOVES-Melrose director to be deputy chair of Takeover Panel  

    (Adds more codes) By Christopher Spink LONDON, Jan 18 (IFR) - The senior non-executive director of Melrose, which has this week made a £7.4bn hostile approach for FTSE 100 engineer GKN, has been appointed a deputy chairman of the UK Takeover Panel, the body which polices takeover approaches....More
  • Newswire

    BRIEF-China Hainan Rubber Industry Group says controlling shareholder to add up to 1 pct stake  

    Jan 18 (Reuters) - China Hainan Rubber Industry Group Co Ltd * Says controlling shareholder will add up to 1 percent stake, and no less than 0.1 percent stake within six months Source text in Chinese:https://goo.gl/MQiT4y Further company coverage: (Beijing Headline News)...More
  • Newswire

    UPDATE 1-GKN dismisses Melrose hostile bid premium as "fake"  

    (Adds details) Jan 18 (Reuters) - British engineering group GKN dismissed Melrose's 7.4 billion pound ($10.2 billion) hostile bid as "misleading" on Thursday. GKN rejected turnaround specialist Melrose's bid on Wednesday, saying that the terms of the paper-and-cash offer "effectively unchanged" from a first private approach on Jan. 8, which GKN also spurned....More
  • Newswire

    GKN calls Melrose's hostile offer statement "misleading"  

    Jan 18 (Reuters) - GKN called Melrose's unsolicited offer statement "misleading", a day after it swiftly rejected the turnaround specialist's 7.4 billion pound ($10.2 billion) hostile offer for the British engineering company. "GKN's Board considers 32 percent to be a fake premium. Melrose's market capitalisation on 5 January was significantly smaller than GKN's on the same day ... and Melrose brings no industrial synergies," it said on Thursday....More
  • Newswire

    UPDATE 1-UK Stocks-Factors to watch on Jan 18  

    (Adds company news items and futures) Jan 18 (Reuters) - Britain's FTSE 100 index is seen opening up 8 points on Thursday, according to financial bookmakers, with futures up 0.22 percent ahead of the cash market open. * AB Foods: Primark owner Associated British Foods maintained its full-year earnings guidance on Thursday, reporting quarterly revenue growth in all of its businesses apart from sugar....More
  • Newswire

    BRIEF-SAIC Motor Expects 2017 Net Profit At About 34.2 Billion Yuan, Up About 7 Percent Y/Y  

    Jan 18 (Reuters) - SAIC Motor Corp Ltd: * SAYS IT EXPECTS 2017 NET PROFIT AT ABOUT 34.2 BILLION YUAN ($5.32 billion), UP ABOUT 7 PERCENT Y/Y Source text in Chinese: http://bit.ly/2mRMFvS Further company coverage: ($1 = 6.4340 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)...More
  • Newswire

    Nikkei ends lower after hitting new 26-year high  

    TOKYO, Jan 18 (Reuters) - Japan's Nikkei share average ended lower on Thursday, pulling back from a new 26-year high as investors turned cautious, while real estate stocks and financial firms underperformed. The Nikkei dropped 0.4 percent to 23,763.37, after hitting 24,084.42 in early trade, the highest since November 1991. Mitsubishi Estate declined 1.6 percent and Sumitomo Realty & Development dropped 1.0 percent....More
  • Newswire

    German stocks - Factors to watch on January 18  

    FRANKFURT, Jan 18 (Reuters) - The following are some of the factors that may move German stocks on Thursday: DEUTSCHE BANK Deutsche Bank expects to move fewer staff than some senior officials had expected from London to the continent following Britain's departure from the European Union. HNA Group chairman Chen Feng has expressed confidence that China's aviation-to-financial services conglomerate will manage its cash crunch, and continue to receive support from banks and other financial institutions this year....More
  • Newswire

    French and Benelux stocks-Factors to watch on Jan 18  

    Jan 18 (Reuters) - Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks. French CAC futures were up 0.4 percent at 0703 GMT. CARREFOUR: Carrefour cut its 2017 profit forecast for the second time in six months on Wednesday, as its new boss prepares to unveil a turnaround plan for the world's second-largest retailer next week. EURAZEO:...More
  • Newswire

    UK Stocks-Factors to watch on Jan 18  

    Jan 18 (Reuters) - Britain's FTSE 100 index is seen opening up 8 points on Thursday, according to financial bookmakers. * BHP: Global miner BHP on Thursday reported a 3 percent rise in second-quarter iron ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. * WHITBREAD: Activist investor Sachem Head has asked Whitbread to consider a break up of its Costa Coffee chain from its hotels and restaurant businesses, two people familiar with the matter told Reuters. * GSK: GlaxoSmithKline is cutti...More
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Jan 18, 2018
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WardsAuto

2018 Wards 10 Best Engines Editorial Roundtable Part 2

WardsAuto editors discuss some of the 22 nominees that did not make the cut in this year's Wards 10 Best Engines competition....More

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