Schaeffler Acquires Additional Shares in Vitesco Technologies Group
German auto supplier Schaeffler increases its shareholding in Vitesco Technologies Group through the acquisition of 3.6 million additional shares, resulting in a total stake of 38.87%. The move is part of the ongoing merger between Schaeffl...
Hipgnosis Songs Fund: Request to Remove Call Option Declined
Hipgnosis Songs Fund's request to remove call option from investment advisory agreement declined. Strategic review underway to explore future options. Shareholders questioned sale of music catalogues.
Consumer Companies Tumble as Treasury Yields Remain High
Consumer companies face challenges as Treasury yields remain high, affecting market volatility and mortgage rates. Lower rates stimulate the economy and boost consumer spending. Luxury brands expand their retail presence in New York City.
Johnson & Johnson Set to Release Fourth Quarter Results
Johnson & Johnson is preparing to release its fourth-quarter results, with expected net income of $4.37 billion and revenue of $21.02 billion. The company's outlook for 2023 and recent acquisitions will also be discussed.
Florida Gov. Ron DeSantis Ends Presidential Bid
Florida Gov. Ron DeSantis ends his presidential bid, citing lack of clear path to victory, and expresses support for former President Donald Trump. Attention now shifts to the South Carolina primary.
U.K. Stocks Show Slight Increase
The U.K. stock market ended on a positive note with a slight gain in the FTSE 100 Index. Discover the top gainers and losers, as well as currency and commodity updates.
Tata Steel Restructuring Plan for UK Business
Tata Steel unveils a restructuring plan for its U.K. business to transition to sustainable steel production, reducing carbon emissions and securing a prosperous future.
Fifth Third Bancorp Reports Lower Profit in Latest Quarter
Fifth Third Bancorp reports a decline in profit for the latest quarter, driven by changes in deposit mix and repricing dynamics. Analyses reveal key insights on net interest income and non-interest income.
Mixed Results in Asia-Pacific Stock Markets
Stock markets in Asia-Pacific region saw mixed results, with some experiencing gains and others losses. Japan's Nikkei 225 Index recorded a significant increase.
Petershill Partners Reports Increase in Assets Under Management
Petershill Partners experienced a 7% increase in assets under management, closing the year with $304 billion. They anticipate further growth in 2024.