Hints and tips:
...Barclays, Nestlé and Toyota in the US and Ferrovial, Rexel and Assa Abloy in Europe were among companies issuing debt on Wednesday....
...Like a majority of OMX stocks Assa Abloy, Hexagon and Swedish Match trade almost exclusively in krona. The Stockholm quote is a reference price....
...A comparison with larger listed peers such as Assa Abloy and Allegion suggests organic growth in the region of 6 per cent per year and operating margins of 20 per cent....
...From telecoms equipment maker Ericsson to consumer appliances manufacturer Electrolux via lender Handelsbanken and lockmaker Assa Abloy, Swedish companies have delivered profits well above what the market...
...Before joining Maersk in January, Ms Dybeck Happe had served for several years as CFO of Assa Abloy, a Stockholm-based maker of locks, doors and gates....
...Before Ericsson, he was chief executive of Assa Abloy, the world’s largest lock manufacturer....
...The future chief executive of ABB, the chairman of Electrolux, chief and chair of door-and lockmaker Assa Abloy, and the chief executive of Sandvik all hail from Atlas Copco....
...● In brief: Aker Solutions raised to “equal-weight” at Morgan Stanley; Assa Abloy cut to “equal-weight” at Barclays; BCP raised to “buy” at Jefferies; Dart Group rated new “hold” at Jefferies; EDF raised...
...” ● In brief: Assa Abloy cut to “hold” at Kepler Cheuvreux; Beneteau downgraded to “hold” at Kepler Cheuvreux; Boliden cut to “sell” at Deutsche Bank; ConvaTec rated new “neutral” at Citigroup; Daimler...
...Assa Abloy slipped after warning that second-quarter results would be weaker than expected and booking a non-cash charge equivalent to nearly $700m against Chinese acquisitions....
...● In brief: Anglo American raised to “buy” at Deutsche Bank; Ashmore upgraded to “buy” at Merrill Lynch; Assa Abloy cut to “underweight” at Morgan Stanley; CRH rated new “buy” at Jefferies; Countryside...
...The enterprise value of comparable companies such as Wabco Holdings, Assa Abloy and Schindler is between 9 and 16 times next year’s ebitda....
...Assa Abloy, Kone, Metso and Osram all moved to “equal weight” from “overweight” as part of the same research....
...Shares Assa Abloy rose 2.8 per cent on the announcement, while shares in Metso fell 3 per cent in early trading....
...Digital technology, though, is all-reaching: Yale was sold to Assa Abloy, a Swedish firm, for over $1bn in 2000, and now pioneers keyless smart systems....
...The deal will be dilutive to earnings for Assa Abloy, which has a market capitalisation of SKr190bn ($23bn)....
...Abloy downgraded to “reduce” at HSBC; SBM Offshore cut to “market perform” at Bernstein; Siemens Gamesa and Vestas Wind Systems rated new “buy” at UBS....
...Such developments meant the “timing was right” for the August buy, says Thanasis Molokotos, head of Assa Abloy’s Americas division. “This is not a market where you want to hesitate.”...
...” ● Primary Health Properties raised to “buy” at Liberum; Fidessa upgraded to “neutral” at Credit Suisse; Assa Abloy raised to “buy” at Berenberg; Kuka raised to “hold” at HSBC; Philips Lighting upgraded...
...A prime driver for Amazon’s acquisitions is speed to market, says Jason Johnson, chief executive of August, a maker of smart locks that was acquired by ASSA Abloy, parent group of Yale locks, last year....
...He made his name as chief executive of Assa Abloy by buying and integrating dozens of small family lockmakers, many of them badly run, into the world’s largest lock manufacturer....
...San Francisco-based smart lock start-up August, which was sold to Yale parent ASSA Abloy last week, has linked with delivery and dog-walking services including Deliv, and recently began a pilot with Walmart...
...Atlas is known in Sweden as a finishing school for industrialists with many of the country’s leading chief executives drawn from its ranks such as Bjorn Rosengren at Sandvik and Johan Molin at Assa Abloy...
...Rouzier, who focuses on European deals, joined CD&R in 2005 from JPMorgan Assa Abloy, the world’s largest lockmaker, has appointed Nico Delvaux, currently head of Metso Corp, as chief executive....
...PE has your back (BBG) Assa Abloy buys ‘smart lock’ maker August (FT) Hearst agrees to buy Rodale, publisher of Men’s Health (NYT)...
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