UK Regulator Examining VodafoneHutchisons 19B Mobile Merger

LONDON, Oct 11 Reuters Britain39;s antitrust watchdog is examining whether a 19 billion tieup between Vodafone39;s UK operation and CK Hutchison39;s Three UK would substantially lessen competition, it said on Wednesday. The Competition and Markets Authority CMA invited comments from interested parties on the deal announced in June which would create the UK39;s biggest mobile operator. The deal will […]
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Britains Next Close to Buying FatFace Fashion Chain Sky

LONDON, Oct 11 Reuters British apparel retailer Next is close to buying fashion chain FatFace in a deal worth more than 100 million pounds 123 million, Sky News reported on Wednesday. The report quoted sources as saying the deal could be announced later this week. Spokespeople for Next and FatFace both declined to comment. Next, which […]
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Illumina to Get EU Order on Thursday to Divest Grail, Source

BRUSSELS, Reuters U.S. genetic testing company Illumina will on Thursday get an order from EU antitrust regulators to sell cancer test maker Grail, a year after the 7.1 billion deal was blocked, a person with direct knowledge of the matter said on Tuesday. The European Commission vetoed the deal, concerned that Illumina would have an incentive to […]
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HP Forecasts 2024 Profit in Line with Estimates, Boosts Annual Dividend

Oct 10 Reuters HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers market. Companies such as HP, Lenovo and Dell Technologies have seen demand ease from peaks hit during the pandemic, when workfromhome trends drove up sales of laptops and other electronic […]
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Chinas Big Tree Cloud in 500M SPAC Deal for US Listing

Oct 10 Reuters U.S. blankcheck firm Plutonian Acquisition Corp agreed to merge with Big Tree Cloud International Group for the Chinese personal care products company to go public in a deal that will value the combined enterprise at about 500 million. The transaction, valued at a price of 10 per share, is expected to be completed […]
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Uniqlo Owner Set for 26 Profit Surge on China Rebound, Yen Slide

TOKYO, Oct 11 Reuters The Japanese operator of global clothing chain Uniqlo is expected to blow past last year39;s record profit when it reports results on Thursday, benefiting from a recovery in China and the yen39;s slide. Fast Retailing reported record thirdquarter earnings in July and raised its fullyear forecast as business in China, its largest overseas market […]
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Birkenstock Prices US IPO at 46 per Share

NEW YORK, Reuters German premium footwear maker Birkenstock Holding priced its U.S. initial public offering IPO at the middle of its indicated price range at 46 per share, the company said on Tuesday. Birkenstock and its underwriters chose to price the offering conservatively given the market volatility, despite having enough demand to price the share sale at […]
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