Company news from ShareCast

Franklin Resources to buy Legg Mason in all-cash transaction

Tue 18 February 2020 12:39

(Sharecast News) - Franklin Resources will acquire rival Legg Mason in an all cash transaction that will create a global investment manager with approximately $1.5trn of assets under management.

GLI Finance announces tender offer for ZDP shares

Tue 18 February 2020 12:06

(Sharecast News) - GLI Finance said on Tuesday that, as part of the zero-dividend preference (ZDP) share continuation proposals approved by shareholders in November, it intended to make a cash tender offer for a proportion of its redeemable ZDP shares.

New Nissan CEO promises cuts with 'no taboos' and deeper restructuring

Tue 18 February 2020 11:59

(Sharecast News) - Nissan's new CEO Makoto Uchida has plans to cuts to executive pay and apply deeper restructuring measures and told shareholders he will step down if he fails to turn around the carmaker's performance.

Dell Technologies said to near deal to sell RSA cybersecurity business

Tue 18 February 2020 11:44

(Sharecast News) - Dell Technologies was said to be nearing a deal to sell its RSA cybersecurity business for more than $2bn.

Intesa Sanpaolo bids €4.9bn for UBI Banca

Tue 18 February 2020 11:39

(Sharecast News) - Intesa Sanpaolo, Italy's biggest retail bank, has launched a €4.9bn (?4.1bn) bid to buy its smaller rival UBI Banca marking the first move in long-expected consolidation for the Italian banking sector.

Walmart misses on earnings and revenues following weak holiday trading

Tue 18 February 2020 11:34

(Sharecast News) - US retail giant Walmart missed on both earnings and revenues during the all-important Christmas trading quarter as weaker sales of toys and apparel hit the group.

Apple withdraws quarterly guidance due to slow return to normal in China

Tue 18 February 2020 11:19

(Sharecast News) - Apple withdrew its guidance for first quarter sales due to a slower-than-expected return to normal conditions in China after the extended Lunar New Year holidays at both its suppliers and its stores in the Asian giant.

BT set to scrap pay-TV packages and offer monthly prime subscriptions

Tue 18 February 2020 10:50

(Sharecast News) - Broadcaster BT is set to scrap pay-TV packages for monthly prime content subscriptions, granting the flexibility that other streaming services offer.

Coronavirus wipes out Tekmar's profit growth

Tue 18 February 2020 10:36

(Sharecast News) - Tekmar warned that the impact of coronavirus would wipe out earnings growth in 2020 after the disease delayed shipments to China, cut off supplies of components and shut down its Shanghai office serving Asia.

Petrofac awarded $1.65bn of work in the Emirates

Tue 18 February 2020 09:59

(Sharecast News) - Petrofac announced on Tuesday that Petrofac Emirates has been awarded two contracts, together worth around $1.65bn (£1.27bn), with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates.