Earlier this month, the U.S. Federal Trade Commission (FTC) had demanded that Line sell off more assets than it had previously anticipated; the FTC also wanted prospective buyers to meet certain requirements. In a warning to investors, Linde has disclosed… Read More ›
EBITDA
Ferrari’s new CEO confirms full year guidance
Ferrari’s reported an EBITDA of $339 million, in line with Thomson Reuters SmartEstimate of 286 million euros. On Wednesday, Ferrari confirmed its full year outlook based on a 7% rise in its core second-quarter adjusted earnings which were largely helped… Read More ›
Avast cuts price expectations from its IPO
Avast’s share offering is slated to be one of the biggest tech IPOs to hit Britain. On Wednesday, Avast stated it has reduced reduced its price expectations for its landmark initial public offering (IPO) to 250-270 pence a share, down… Read More ›
Daimler Financial Services reports new heights in turnover
The sale of its luxury brand, Mercedes-Benz, has been the engine for its spectacular performance. Daimler Financial Services, Daimler’s finance arm, has stated it is heading for another record year having signed nearly one million new leasing and finance… Read More ›
UK based Reckitt Benkiser in advanced talks with Mead Johnson for a potential takeover
Analysts have said the potentially 16.7 billion will see the “health and hygiene” company move into “infant nutrition” which isn’t such a big leap considering the grey area between healthcare and food. The Reckitt Benckiser Group Plc, best known for… Read More ›
Floor & Decors to come out with a $1 billion IPO
The U.S. new housing and housing repairs sector has, of late, seen robust growth. According to sources familiar with the matter at hand, Floor & Decor Holdings Inc, a U.S. based tile and flooring retailer, is getting ready to launch… Read More ›