Hints and tips:
...agreed to sell its Spanish business to UK group Zegona for up to €5bn — the latest iteration of Della Valle’s strategy to focus more on the UK after merging Vodafone’s domestic operation with that of rival CK...
...Airlines and homebuilders are screaming. It goes on and on. Dec Mullarkey of SLC Management sums up neatly: “The market has concluded that we have seen the worst.”...
...CK Hutchison/Cellnex: towering ahead CK Hutchison, the Hong Kong company once billed as the UK’s largest foreign investor, has over the years amassed a huge pile of infrastructure assets ranging from water...
...(FT) News round-up EQT Is said to approach $13 billion carrier KPN on takeover (Bloomberg) CVC and Advent seek break clause on their €1.6bn Italian football deal (FT) Cellnex buys CK Hutchison European...
...On Monday, his family’s CK Asset Holdings unveiled a £4.6bn takeover of Greene King, the UK’s largest listed pub operator....
...Shares of homebuilders also slipped, as the tax plan would limit Americans’ ability to deduct mortgage interest costs from their taxable income....
...Corporate earnings reports out today include CK Hutchison Holdings, Cheung Kong Property, Asahi Group, Kirin, Sumitomo, NTT Data, Suzuki Motor, Nikon, CapitaLand, Sega Sammy and MGM China Holdings....
...Running through the groups it mentions: CK Hutchison, Tata Motors and Tata Steel get singled out for their high UK exposure, where S&P still thinks the ratings impact will probably be “neutral to somewhat...
...The S&P 500 finished the day 0.2 per cent higher at 2,186.9 on Monday, hovering near record levels, led by a rally in shares of US homebuilders and energy stocks....
...CK Hutchison, Mr Li’s main investment vehicle, is up 0.2 per cent today. It drew 52.5 per cent of its FY15 revenue from Europe....
...But, says analyst Marie-Aude Vialle: UK real estate companies and homebuilders that we rate currently still have material headroom within their current rating levels, which should allow them to withstand...
Proxy groups set to scupper sweetened offer to restructure infrastructure and energy assets
...Lennar shares advanced after the second-largest US homebuilder by market valuation reported better than expected third-quarter profits on the back of new home sales....
...There is more on offer in the States, including: June Empire State manufacturing index (median forecast of about a 3-point rise from a previous 3.09), May industrial production (+0.3% m/m median), the June homebuilder...
...I relayed the question to the general manager, and he said the hotel had collaborated with an Osaka-based company known for being the biggest homebuilder in Japan....
...Shares in the homebuilder rallied 3.5 per cent to $20.56, while the S&P 500 homebuilder index rose 2.5 per cent....
...(Foreign Policy) “Tri Pointe Homes, a homebuilder backed by Barry Sternlicht’s Starwood Capital Group LLC, is in advanced talks to buy Weyerhaeuser Co’s homebuilding division for about $2.7 billion, according...
...DR Horton, one of the largest US homebuilders, said on Tuesday that first-quarter profits had more than doubled....
...filed or may soon do so include Aleris, an aluminium company; Bausch & Lomb, the eyecare company; Evertec, a payment processing company; Pinnacle Foods; Sea World theme parks; Taminco Global Chemical and homebuilder...
...You might have thought that credit market investors would be glad to see the back of all those suburban McMansions that homebuilders flung up across the American sunbelt, back when lenders barely checked...
...The National Association of Realtors’ pending home sales index, released Thursday, showed activity up 9.8 per cent on a year ago and the prospect of a revival in the US housing market spurred shares in homebuilders...
...Shares in homebuilders, some of the top performing stocks this year amid a modest US housing recovery, declined as fresh housing data showed new home starts for November came in below consensus forecasts...
...It is time for the Long View to return to our good friends, the managers of Hindsight Capital LLC....
...The homebuilder PulteGroup climbed 4.2 per cent to $3.76....
...It owns a diverse group of companies including homebuilder Standard Pacific, Flagstar Bank and Foamex....
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