May 14 Reuters Private equity firm KKR will take UK39;s IQGeo Group private in a 316 million pounds 396.04 million deal, the companies said on Tuesday, sending shares in the geospatial software provider soaring 16. Geologist Bidco Limited, wholly owned by funds advised by KKR, will pay 480 pence in cash for each IQGeo share. The offer […]

SHANGHAI, May 14 Reuters China39;s Ant Group posted a 19 fall in net profit of 7.87 billion yuan 1.09 billion in the three months to Dec. 31, according to Reuters calculations based on Alibaba Group Holding39;s earnings released on Tuesday. The ecommerce giant reports profit from Ant one quarter in arrears. Chinese authorities last announced a fine of […]

BENGALURU, May 14 Reuters Indian telecom operator Bharti Airtel reported fourthquarter revenue below expectations on Tuesday, hurt by currency devaluation in Africa. India39;s secondranked telecom carrier by subscribers said consolidated revenue from operations rose 4.4 to 375.99 billion rupees 4.5 billion for the three months to March 31, missing analysts39; average estimates of 388.49 billion rupees, […]

MUMBAI, May 14 Reuters A consortium including Blackstone, Singapore state fund GIC and Abu Dhabi Investment Authority ADIA is in talks with India39;s Haldiram39;s for a majority stake in its snacks business at a valuation of up to 8.5 billion, two sources with direct knowledge said. Haldiram39;s, a household name in India, has more than […]

FRANKFURT, May 14 Reuters Bayer beat firstquarter analyst forecasts as it reported a slight drop in adjusted earnings on Tuesday, providing a respite for the CEO39;s turnaround efforts. The group also lowered its fullyear earnings outlook, citing negative currency effects, but retained its operating forecast. The company39;s quarterly earnings before interest, taxes, depreciation and amortisation EBITDA, […]