Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


By the same author
More articles

GLOBAL MARKETS LIVE: ThyssenKrupp-Tata, Swedbank, Tesla, Debenhams…

share with twitter share with LinkedIn share with facebook
03/08/2019 | 11:16am EDT

Italian group Atlantia should not compete for ADP. Following Alstom-Siemens, the Thyssen-Tata merger is facing obstruction from Brussels. US equity-index futures and European shares dip, while Asian shares dropped.

Earnings season. EssilorLuxottica, ICA Gruppen, Eurazeo, VAT Group and Bodycote are among companies publishing results in Europe. Vail Resorts and Navistar in the United States.

RPC chooses Berry. RPC announced that it has chosen Berry Global's $4.3 billion takeover bid over its former parent company, Apollo Global. Berry Global was acquired in 2006 by Apollo and Graham Partners before being listed on the stock exchange in 2012.

Debt comes first. Atlantia will probably not submit a bid for the privatization of Groupe ADP, according to its boss, which focuses on debt reduction. The Italian group has a liability of €38 billion since the acquisition of the Spanish company Abertis.

Cybergun is taking the lead. The company is forced to communicate to deny rumors of bankruptcy circulating on the web, fueled in particular by the delay in the publication of half-yearly reports. A delay that the company justifies by the integration of new companies into the scope. It also points out that "its reference shareholder has undertaken to cover, where applicable, cash requirements over the next twelve months at the time of the last closing of the accounts". Cybergun also denies the possible disengagement of this reference shareholder.

Double or nothing. ThyssenKrupp and Tata Steel will not submit additional concessions to Brussels to get the green light for antitrust, Reuters learned. Last month, the regulator sent a letter of objection to the two steelmakers, indicating that the concessions granted were still insufficient.

Firefighter on duty. Sports Direct's boss, Mike Ashley, will leave his position to focus on the recovery of Debenhams. The group owns 30%. The shareholder called an extraordinary general meeting to remove all but one of the holders from the board of directors and to appoint Ashley to the helm.

Merger back on track. The bosses of Deutsche Bank and Commerzbank reportedly resumed talks about a possible merger, according to Focus magazine on Friday, on the basis of sources close to the case.

Oil stain. Swedbank confirmed this morning that it has been informed that Bill Browder, an anti-corruption investor and activist, has filed a complaint against it on behalf of Hermitage Capital Management, before the Swedish authorities in the money laundering case in the Baltic region.

China is helping Tesla. Tesla obtained a $520 million loan from a Chinese banking consortium for its Shanghai plant. The credit line is granted for one year and is exclusively dedicated to the Chinese "Gigafactory". The car manufacturer is one of the main beneficiaries of the relaxation of China's foreign investment policy. The plant, which Elon Musk hopes will be operational by the end of the year, could cost about $5 billion.

Unfair price formation? The SEC is investigating the fairness of price formation in the equity markets, according to Reuters. The aim is to try to determine whether the process favors large dealers at the expense of small ones.

Stocks mentioned in the article
ChangeLast1st jan.
ATLANTIA SPA -0.87% 13.1 Delayed Quote.-36.51%
BERRY GLOBAL GROUP, INC. -1.82% 46.31 Delayed Quote.-2.48%
BODYCOTE PLC 0.15% 649 Delayed Quote.-31.93%
COMMERZBANK AG -1.00% 4.04 Delayed Quote.-25.85%
CYBERGUN -23.85% 0.0198 Real-time Quote.-99.87%
DEUTSCHE BANK AG 2.33% 7.916 Delayed Quote.12.17%
DJ INDUSTRIAL -3.43% 26519.95 Delayed Quote.-7.07%
ESSILORLUXOTTICA 1.36% 107.9 Real-time Quote.-21.65%
EURAZEO SE -0.30% 39.54 Real-time Quote.-34.98%
GROUPE ADP -0.87% 79.5 Real-time Quote.-54.46%
ICA GRUPPEN AB 0.99% 420.6 Delayed Quote.-4.85%
JUST GROUP PLC -0.90% 42.08 Delayed Quote.-46.25%
LONDON BRENT OIL -1.09% 38.86 Delayed Quote.-38.33%
NASDAQ 100 -3.93% 11142.755636 Delayed Quote.32.82%
RPC GROUP PLC 0.13% 792.6 Delayed Quote.21.56%
RPC, INC. -11.70% 2.34 Delayed Quote.-55.34%
S&P 500 -3.53% 3271.03 Delayed Quote.1.25%
SHANGHAI A INDEX 0.11% 3430.0403 Real-time Quote.7.21%
TATA STEEL LIMITED -1.11% 397.65 Delayed Quote.-14.78%
TESLA, INC. -4.39% 406.02 Delayed Quote.385.29%
THE GLOBAL LTD. 2.65% 232 End-of-day quote.-50.74%
THE LEAD CO., INC. 1.32% 385 End-of-day quote.-1.28%
THYSSENKRUPP AG -2.42% 3.928 Delayed Quote.-66.38%
VAT GROUP AG 0.97% 167.1 Delayed Quote.0.89%
WILL GROUP, INC. -3.35% 809 End-of-day quote.-35.38%
share with twitter share with LinkedIn share with facebook