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...“Even this does not take into account the need for future increases to replace aged assets and deal with resilience and climate change,” he added....
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...Some industry groups are less enthusiastic about a potential move to T+1 in Europe....
...It warned that “the full amount of all claims, including cumulative interest, is approximately €1.3bn”....
...Ireland is expecting bumper corporation tax receipts to deliver an €8.6bn budget surplus this year, giving the government leeway in an expected pre-election budget even as it cautions that the outsized contributions...
...By shrinking its balance sheet it expects it will have at least another €8.5bn of excess capital to return to shareholders — 14 per cent of its market value....
...Australia’s stock exchange has been fined after it was found to have breached a rule related to transparent information around trades on more than 8,000 occasions....
...Assuming a typical yield of 3.8 per cent, it roughly justifies the building’s price tag....
...Nahles acknowledged the slowdown had knocked the labour market slightly, with unemployment rising 8,000 in February to 2.8mn from the previous month, and by 194,000 from a year earlier, in the country of...
...We’re seeing that — typically, historically — hurricane season started on June 1 and ended at the end of November....
...But early Redditor involvement does not guarantee a large pool of engaged retail investors. Reddit first made plans to go public in 2021. Delay has been costly....
...France’s CAC 40 rose 0.9 per cent, Germany’s Dax climbed 1.4 per cent, and London’s FTSE 100 added 0.8 per cent....
...Reliance, chaired by its billionaire owner Ambani, agreed to invest $1.4bn into the new JV for its growth strategy....
...Note, too, that sales this year are part of scheduled selling, known as 10b5-1 plans, rather than knee-jerk reactions to market highs....
...JD Sports: Shares in the UK-based sports fashion retailer rose 5.1 per cent after it agreed to a deal to acquire US rival Hibbett for $1bn....
...At Wells Fargo, first quarter NII came in 8 per cent lower compared with a year earlier. At Citi, the metric eked out a 1 per cent year-on-year gain but fell quarter on quarter....
...The S&P 500 was down 0.8 per cent in mid-afternoon trade, while the Nasdaq Composite fell 1.4 per cent amid a sell-off in tech shares....
...Britain’s blue-chip index rose 1.6 per cent to finish at 8,023.87 — eclipsing the previous closing high of 8,014.31 it hit in February 2023....
...After a period of divestments, GE conducted a reverse 1-8 split. Ditto, in the UK, Melrose’s 1-3 share consolidation last year. Then again, plenty of US companies also spurn splits....
...Shares in US-based discount retailer Dollar Tree fell 8.5 per cent in pre-market trading after it took $2bn in impairments on the value of its subsidiary Family Dollar and said it would close 1,000 stores...
...The broader Hang Seng index gained 1.8 per cent. Shares in Great Wall Motor and Leapmotor dropped 6 per cent and 3.1 per cent, respectively....
...Non-store retailing, which includes online, contracted 1.5 per cent in March, while sales in department stores were down 3.8 per cent....
...France’s Cac 40 rose 0.8 per cent and Germany’s Dax climbed 1.6 per cent. London’s FTSE 100 lagged behind its European peers....
...Why then does IAG have such a lowly valuation?...
...Earnings per share were $1.89, up from $1.17 last year and exceeding the average $1.53 estimate....
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