Takata files for bankruptcy protection, announces $1.6bn acquisition
Mon 26 June 2017 11:29
(ShareCast News) - Takata, a global supplier of automative safety systems such as seat belts, air bags and child seats, filed for bankruptcy protection in the US and Japan and announced it would be bought for $1.6bn by Key Safety Systems.
Rio Tinto confirms Yancoal as preferred buyer of thermal coal assets
Mon 26 June 2017 10:23
(ShareCast News) - Rio Tinto has confirmed its recommendation that shareholders vote in favour of the sale of its subsidiary Coal & Allied Industries to Yancoal Australia.
EDF's Hinkley Point C facing fresh budget overruns, according to Le Monde
Mon 26 June 2017 09:57
(ShareCast News) - Hinkley C nuclear power plant, Britain's first nuclear station to be built in decades, is facing budget overruns of between one billion and three billion euros, as its construction could be delayed by two years.
Italy steps in to rescue Banca Popolare di Vicenza and Veneto Banca
Mon 26 June 2017 08:26
(ShareCast News) - Italy's government stepped in at the weekend to liquidate two ailing lenders from the northern region of Veneto in a controversial bid to avoid a bank run.
Co-operative Bank no longer up for sale
Mon 26 June 2017 07:53
(ShareCast News) - The Co-operative Bank is no longer up for sale as it continues talks with investors to boost its capital reserves.
Hikma to split US business into two divisions
Mon 26 June 2017 07:40
(ShareCast News) - Hikma Pharmaceuticals has announced the retirement of Michael Raya, the chief executive officer of the US business, along with organisational changes to the US business and a number of senior leadership changes and appointments.
Coats signs deal on Steveley pension fund deficit payments
Mon 26 June 2017 07:34
(ShareCast News) - Thread and zip maker Coats said it had signed a binding settlement agreement over its Staveley Industries pension scheme in return for a halt to legal action from The Pensions Regulator (TPR).
L1 Retail to buy Holland & Barrett for £1.8bn
Mon 26 June 2017 07:24
(ShareCast News) - L1 Retail, the retail investment arm of LetterOne, has agreed to buy health and wellness retail chain Holland & Barrett from US private equity firm Carlyle and Nature's Bounty for £1.8bn.
Ultra Electronics confirms possibility of Sparton acquisition
Mon 26 June 2017 07:22
(ShareCast News) - Ultra Electronics was forced to respond to press speculation over the weekend, after Mergermarket reported it was in talks to acquire its underwater sensors joint venture partner in a bid to strengthen its contractual ties with the US N
Amec completes $170m sale of boiler business to Sumitomo
Mon 26 June 2017 07:01
(ShareCast News) - Amec Foster Wheeler said it has completed the sale of its circulating fluidised bed (CFB) boiler business to Sumitomo Heavy Industries for $170m, which will be used to reduce net debt.