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...Activist investor Sparta Capital Management is calling on London-listed engineer Wood Group to consider a US listing to address the “continued underperformance of its shares”....
...“After years of declining consumption, business in Hong Kong has completely revived, resulting in a tripling of sales,” the group said in a statement....
...US-based Group 1 Automotive, which already has 55 UK sites, will buy its retail business, consisting of more than 80 forecourts across the country, Inchcape said on Monday....
...The group estimated the rule would cost airlines $33bn over 10 years....
...Days later Swatch Group, the Swiss company that makes luxury brand Omega as well as its eponymous plastic watches, missed annual underlying profit forecasts and told analysts customers were prioritising...
...Global demand for Swatch watches and a strong rebound in China pushed interim sales at the Swiss watchmaker to above pre-pandemic levels....
...US regulators are wary of foreign takeovers of significant domestic assets. Members of the US’s United Steelworkers union voiced dismay about the deal, saying they had been excluded from negotiations....
...Carefully managed supply means high-end demand won’t drop off a cliff, while at the lower end Swatch hasn’t yet run out of ways to sell Moonswatches....
...Meanwhile, the entity in question — Change Healthcare — is restoring its systems, after reportedly paying a $22mn ransom to the BlackCat hacker group. But investors should pay close attention....
...Ryan Dattilo Partner, The Aquia Group Former Chief Counsel for the US Senate Judiciary Committee Chevy Chase, MD, US...
...In the US, TGI Fridays is controlled by TriArtisan Capital Advisors, a US-based private equity firm, which will remain a major shareholder in the combined group....
...The US had warned of a threat to Russia from extremists, reportedly telling Moscow it came from the Afghanistan-based group....
...Others, such as Sweaty Betty, now owned by US shoe group Wolverine Worldwide, have been acquired....
...Recommended reading My column this week looks at the under-appreciated thaw in US-China relations — Joe Biden’s polite version of Trumpism on China....
...But its strong US business justifies the premium compared with UK peers. With gearing coming down, Flutter also has the bandwidth to make acquisitions to defend its position in the US if necessary....
...Co-working group IWG, which owns the Regus and Spaces brands, has pledged to simplify its financial reporting and reduce debt as it takes steps towards quitting the London market for the US....
...The pressure is especially high in China, the world’s biggest auto market and the US EV maker’s second-largest market by sales, where competition between local EV makers and foreign carmakers is heating...
...But investors have soured on the group as it competes in a costly streaming battle with larger competitors such as Disney and Netflix....
...Epic largely lost a high-profile legal case against Apple in the US....
...The region is one of the centres of gas production in the US....
...According to Morningstar data, JPMorgan is only the eighth-largest third-party provider of model portfolios in the US, a market led by BlackRock and Capital Group, followed by index providers Wilshire Associates...
...Its troubles are in part homegrown, but updates from Hugo Boss, Swatch and Watches of Switzerland also caused investors to skip a beat. In this context, LVMH looks all the more comforting....
...The US Department of Justice last week announced it was suing Apple for allegedly using its power in the smartphone sector to squash competition....
...The US recently carried out strikes against Iran-backed groups in Syria and Iraq after three members of the US military stationed in Jordan were killed in an attack by one of the groups....
...Ripple, the cryptocurrency group accused of selling unregistered securities, is to launch a stablecoin later this year. As yet unnamed, it’ll take on Tether’s USDT and Circle’s USDC....
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