Head of Pershing Square Capital Management told about acquisition of a large stake in Starbucks coffee shops at a conference in New York. In total, Ackman acquired 15.2 million securities worth about $ 900 million (at a price of $ 51 per share). According to the manager, value of Starbucks securities will more than double over the next three years. Speaking at Grant’s Fall 2018 conference, held...

Chinese Internet giant Tencent Holdings Ltd dropped out of the list of the ten largest companies in the world, losing about $ 220 billion in market value this year. Tencent shares have been getting cheaper for the ninth session in a row - this is a record for duration of the continuous price fall period: on Wednesday, the shares fell 1.9% to 288.2 Hong Kong dollars. On the eve, the value fell...

Watch and jewelry brands are gradually refusing old advertizing ways of presenting new products. In recent years, two Swiss watch fairs and salons — Baselworld in Basel and SIHH in Geneva — have empty spaces in their pavilions. After the gradual departure of Dior, Hermes, Boucheron, Faberge, Ulysse Nardin and Girard-Perregaux, it was time for the huge Swatch Group, which took 18 brands and a...

Unilever, one of the world's largest producers of consumer goods, on Friday announced that the company refused its plan to merge British and Dutch operating companies against the backdrop of opposition from a number of major shareholders. Earlier it was planned that Unilever would simplify the corporate structure and merge the two currently existing independent structures - the Netherlands...

American cable operator Comcast Corp. will receive more than 75% of the shares of British Sky, after completing a deal to acquire a 39% stake in the company from 21st Century Fox Rupert Murdoch, Comcast said in a statement. On October 3, Comcast reached an agreement to buy Sky shares from 21st Century Fox, or about 39.12% of the British company, at £ 17.28 per share. The total amount of the...

2018 was not the best for European stock markets. Since January, companies in the Old World raised about $ 37 billion with the help of IPOs, compared with about $ 44 billion in the same period last year, reports Bloomberg. Quarter IV is the last chance for companies to enter the market this year, before all sorts of unpleasant "surprises" would overtake them in 2019. The most successful initial...

October 1 is the International Coffee Day. To survive in the coffee business, companies have to analyze Big Data, implement artificial intelligence and robotics technologies. Active use of new technologies in preparation and sale of coffee and coffee drinks began in the early 2010s. This led to a steady growth in the volume of the coffee market: for example, it increased by 36% in the United...

Tencent Music, the largest music streaming service with about 800 million subscribers, is planning an IPO. The Chinese company has already applied for an IPO in the US, it plans to raise $ 1 billion. Thus, its value can be estimated at about $ 25 billion. On Tuesday, October 2, Chinese music streaming service Tencent Music Entertainment submitted an application to the US Securities and Exchange...

In the third quarter, American Tesla Inc. increased production of electric vehicles by 50% compared to the previous three months - up to 80,142 thousand. This is the highest quarterly figure in the company’s history, according to a press release. The number included 26,903 cars of Model S and Model X, and also 53,239 thousand Model 3 were released. Deliveries in July-September amounted to 83.5...