Companies & CEOs
EasyJet improves annual profit forecast thanks to Ryanair’s problems - 09/28/2018
EasyJet has improved its annual profit forecast due to cancellation of Ryanair flights, its biggest competitor, and high demand for flights. The company now forecasts that earnings for the 2018 financial year, which will end on September 30, will increase by about 40 percent due to such disposable factors as bankruptcy of Monarch and Air Berlin, as well as due to strikes in Ryanair. EasyJet’s...
Belgium decides to import electricity from Germany due to aging nuclear power plants - 09/26/2018
The electricity deficit that may arise in the country in November will be covered by imports from Germany, the Belgian Ministry of Energy said. In November, only one of the seven reactors of Belgian nuclear power plants will remain in operation. In connection with the maintenance work at the Belgian nuclear power plant, the Minister of Energy Marie-Christine Marghem did not exclude the...
Brexit agreement stalls because of the contradictions between London and Brussels - 09/26/2018
The Labor Party Congress is being held in Liverpool on September 23 - 26. Its main theme is Brexit, and on Tuesday the party members voted for its way of settling the deal with the EU. As a result, it was decided to suggest holding a new referendum on leaving the EU. The Labor Party will lobby the approved option in the course of further discussion about the future of Great Britain in Europe. The...
Michael Kors to buy Versace for $ 2 billion - 09/25/2018
The manufacturer of fashionable clothes and bags Michael Kors Holding Ltd is close to conclude an agreement to purchase the Italian fashion house Gianni Versace SpA, Bloomberg reports with reference to informed sources. Michael Kors, which valued Versace at about $ 2 billion, could announce the deal this week. Terms of the transaction suggest that the Versace family in any case will continue to...
Barrick Gold, Randgold to create the world’s largest gold mining company - 09/24/2018
On Monday, Canadian Barrick Gold announced purchase of London-based Randgold Resources for $ 6.04 billion with payment in the form of securities. The transaction will create the world's largest gold mining company. According to a joint report of Barrick and Randgold, the total capitalization after the merger will amount to $ 18.3 billion, while the company will own maximum concentration of tier 1...
Fidelity Investments takes interest in blockchain and crypto currency - 09/20/2018
Fidelity Investments started creating services for crypto assets, and the New York State Attorney General's Office is concerned about the level of investor protection on crypto-exchanges. The American financial corporation Fidelity Investments is developing new services in the field of blockchain and crypto currency, the company’s CEO Abigail Johnson said, adding that some solutions will be...
What will Aston Martin's IPO be like? - 09/20/2018
Aston Martin will be the first British automaker to go on an IPO in the last few decades. The company plans to reveal its on Thursday (September 20), and the firm will announce the final price range of shares by the beginning of next month. In total, Aston intends to place about 57 million shares within the IPO, which is 25% of the automaker’s total number of securities. It is expected that the...
Coca-Cola takes an interest in marijuana drinks - 09/18/2018
Coca-Cola is negotiating with the Canadian marijuana manufacturer Aurora Cannabis Inc. and is considering a possibility of starting production of soft drinks based on cannabis, reports Bloomberg. Coca-Cola itself confirmed that they are studying the market, but reminded that no decisions have been made so far. As highlighted in the company's statement, Coca-Cola is interested in the possibility...
Salesforce founder buys Time magazine - 09/17/2018
One of the founders of Salesforce.com Inc. Mark Benioff and his wife Lynne agreed to buy Time magazine from the publishing house Meredith Corp. for $ 190 million. As stated in Meredith’s message, the sale of Time will be completed within 30 days. The deal is not related to Salesforce, which develops customer relation systems. The Benioffs act as private individuals in the deal and are not going...
Five fails of Google - 09/12/2018
For 20 years of its existence, Google has experienced a large number of ups and downs on the road to success. Everyone knows about loud victories of the company, but any business cannot do without falls. War with Trump In late August 2018, US President Donald Trump criticized Google, advising companies to "be more careful" from now on. It's about spreading disinformation on the platform, as...