Category: Finance

US stocks advance after bank earnings boost

US shares gained on the open in New York on Friday following a spate of higher than anticipated company earnings from a few of the nation’s greatest banks. The blue-chip S&P 500 was up 0.3 per cent after JPMorgan Chase beat estimates with first-quarter revenue rising 52 per cent. Wells Fargo and Citigroup additionally reported […]

The metals tycoon at the centre of a $577mn writedown

Two scoops to begin: First, France’s Tikehau Capital has secured €400mn in backing from two of the secretive founding households of beer large Anheuser-Busch InBev to assist gas the subsequent stage of the €38bn alternate options supervisor’s worldwide growth. Subsequent, Iranian-American billionaire Jahm Najafi is getting ready a blockbuster $3.75bn takeover bid for Tottenham Hotspur, […]

Berkshire Hathaway cuts Activision stake as Microsoft deal flounders

Warren Buffett’s Berkshire Hathaway trimmed its wager on Activision Blizzard in late 2022, because the online game maker’s agreed takeover by Microsoft struggled within the face of regulatory scrutiny. Berkshire bought 7.4mn shares, or 12 per cent of its place, in Activision within the fourth quarter. The gross sales by the sprawling industrials-to-insurance conglomerate lowered […]

Liberty Global buys 5% stake in Vodafone

Liberty World, the US group chaired by “cable cowboy” John Malone, has purchased a virtually 5 per cent stake in Vodafone, because it bets that forthcoming offers and restructuring will revive the beleaguered UK telecoms group. Denver-based Liberty World has acquired 1.3bn shares, representing 4.92 per cent of share capital, financed principally by means of […]

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