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...China’s consumer prices fell 0.8 per cent in January, driven by a 5.9 per cent decline in food prices and a 17 per cent drop in the price of pork....
...Consumer prices last month rose 0.1 per cent, but have been mired in deflationary territory for much of the past year....
...That, plus a 30 per cent premium to the undisturbed share price, has been enough to convince almost 40 per cent of the free float to back the bid....
...US private equity firm Thoma Bravo has agreed to take UK cyber security company Darktrace private in a transaction valuing the company at $7.75 per share....
...This is an audio transcript of the Life and Art from FT Weekend podcast episode: ‘L&A — Why Olivia Rodrigo might be our last pop superstar’ Lilah RaptopoulosThis is FT Weekend. I’m Lilah Raptopoulos....
...Its most recent closing share price was HK$29.5. The deal is worth up to HK$13.91bn (€1.7bn), the company said on Monday, and values its equity at €6bn....
...However, the share price slumped later in 2021 after stockbroker Peel Hunt said it thought the company was only worth half of its market value....
...Good hair and a lofty valuation: a rare stumble poses the question, is L’Oréal worth it? Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...The chief executive of L’Oréal, the world’s biggest beauty company, has predicted that price increases will slow this year after they helped to propel growth in the global beauty market for the past three...
...“despite clear improvements in Tod’s brand desirability and earnings momentum,” wrote Thomas Chauvet, analyst at Citi, in a note last month....
...The raised Concord offer represents an increase of about 7.8 per cent on its original offer, or 42.6 per cent to the closing price of 71p a share on the last day prior to the bid....
...The bidding war is a welcome boost for shareholders given the months of speculation over the future of the company, whose share price had plummeted on repeated cuts to the value of its portfolio and questions...
...Helen Thomas will be back next week. Have a great week, Nathalie ThomasLex writer nathalie.thomas@ft.com...
...Quick links Catch up on the best-read Lex columns of the past week: Chinese solar companies are paying a high price for victory Venture capital dry powder has nowhere to go Jamie Dimon’s inflation worries...
...It said the share price was unlikely to increase to reflect the adjusted net asset value or deal price “in the medium term as a result of numerous company-specific and certain market issues”....
...The board of Hipgnosis Songs Fund recommended that shareholders support the offer, which is priced at 4 per cent above the most recent Concord bid or 48.1 per cent above the closing price before the takeover...
...In the letter, DAZN said that it was also considering withdrawing from the entire rights process, which would potentially remove any competitive tension to drive prices higher....
...Quick links You’ve heard about the soaring price of chocolate this Easter. What about coffee?...
...However, the share prices of the credit card companies tell you that not all card companies will be affected equally. Read more here....
...At 90p a share, the bid reflects a premium of about a third to the closing price of the stock on Wednesday and is about 4 per cent higher than the net asset value in September, of $1.11 a share....
...Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...Life is sweeter if you’re part of the US market’s so-called Magnificent Seven, the biggest tech groups whose share prices continue to soar. But regulators are circling....
...The Concord offer was at a premium of about a third to the Hipgnosis share price before the bid was announced, and a 4.3 per cent premium to the fund’s September net asset value....
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