Germany’s Federal Financial Supervisory Authority (BaFin) has concluded an investigation into the controversial practice of pre-earnings analyst calls, stating it found no compelling evidence of misconduct or the need for regulatory change. The review was initiated in response to media reports suggesting a correlation between unusual stock price volatility and companies’ selective communication with financial analysts before the publication of quarterly results.
Shares of Australian steelmaker BlueScope Steel Ltd $BSL.AX jumped sharply on Monday, reaching a more than three-month high after former U.S. President Donald Trump announced plans to double tariffs on imported steel. The move reignited investor interest in companies with significant U.S. operations, particularly those expected to benefit from potential trade barriers targeting foreign steel producers.
Recent news has emerged that Dick's Sporting Goods Inc. $DKS has finalized a $2.4 billion deal to acquire Foot Locker Inc. $FL, marking a significant moment in the retail sector. This merger combines two retailers that have been adversely affected by the tariff wars initiated during Donald Trump's presidency.
Investment firm JAB Holding Co., controlled by the Reimann family of billionaires, continues to reduce its stake in the beverage company Keurig Dr Pepper Inc. $KDP. Sources familiar with the situation report that the firm aims to raise up to $2.5 billion through the sale of shares of Keurig. This operation is being executed through a subsidiary of JAB, which is offering the shares at a price range of $33.35 to $33.50 each.
Honeywell Int Inc. $HON has recently announced an upward revision of its earnings per share (EPS) forecast for the current financial year. The industrial conglomerate, headquartered in Charlotte, North Carolina, stated that it plans to offset tariff risks estimated at around $500 million through price adjustments and other profit protection measures.
Rogers Communications Inc., a respected Canadian telecommunications company, has made the decision to extend its broadcasting contract with the National Hockey League (NHL). The value of the new agreement is set at CAD 11 billion (approximately USD 7.7 billion), which more than doubles the previous contract valued at CAD 5.2 billion, signed in 2013. However, this announcement has triggered a negative response on the financial markets, leading to a 6.5% drop in the company’s stock price, reaching its lowest level since 2012.
Recent statements from Deutsche Bank regarding the reduction of Tesla's stock price target have sparked a wave of reactions among analysts and investors alike. Central to this development is a "significant revision" of the expected vehicle sales volumes from the company, ahead of its delivery report for the first quarter of 2025.
Walgreens Boots Alliance Inc. has recently announced its agreement with investment firm Sycamore Partners regarding the acquisition of its shares for $10 billion. This move is set to transform one of the oldest and most recognizable pharmacy chains in the United States into a private company. This article delves into the details of the deal, its significance in the market, and the implications for Walgreens.
