Apple Inc.’s sales in India hit a new high of almost $6 billion in the year through March, highlighting the market’s increasing importance for the iPhone maker as Chief Executive Officer Tim Cook arrives in the country to open its first local stores.
A UK fund has presented an alternative list for the board at state-controlled Enel SpA, just days after Italian Prime Minister Giorgia Meloni’s government nominated Flavio Cattaneo to be the utility’s new chief executive officer.
Teck Resources Ltd.’s controlling shareholder has given his clearest indication yet that the company will be up for sale, but only if investors throw their support behind a plan to split the Canadian miner in half.
Melbourne has quietly overtaken Sydney to become Australia’s most populous city, thanks to a slight tweak to where a geographical boundary is drawn.
The rally in the S&P 500 has been driven by only a handful of stocks, putting the index at risk of fresh lows if bond yields rise, according to Morgan Stanley’s Michael Wilson — one of the most bearish voices on Wall Street.
A trickle of reports last week — some of them unscheduled — gave a foretaste of the opportunities and risks that lie in store for European companies as the first-quarter earnings season gets under way.
Network International Holdings Plc said it received a non-binding takeover bid from CVC Capital Partners and Francisco Partners valued at about £2.1 billion ($2.6 billion).
The European Central Bank is set to deliver three quarter-point increases in interest rates in May, June and July before ending the most aggressive bout of monetary tightening in its history, economists polled by Bloomberg say.
M&A is back for London-listed firms, with private equity firms out in force. This morning we got an update from Middle Eastern credit card processor Network International on the size of an offer proposal from a consortium including CVC. Scottish engineering firm Wood Group also updated markets on its artful dodging of Apollo, saying it has finally relented to engage with its suitor.
(Bloomberg) — European Central Bank Governing Council member Martins Kazaks said it’s possible officials will opt for a smaller 25 basis-point interest-rate hike in May, though a half-point move can’t be excluded, according to Latvian news service Leta.
