Smith & Nephew’s merger talks with Johnson & Johnson collapsed over management issue – FT
Medical technology company Smith & Nephew’s planned merger with Johnson & Johnson’s orthopedics business has been called off after disagreements over who would lead the combined company. The Financial Times reports. The parties agreed on the main financial terms, but Smith & Nephew opposed former CEO Namal Nawana leading the business and wanted to retain […]
Procter & Gamble trades ex-dividend today
Procter & Gamble is trading today ex-dividend, with a dividend of USD 1.089 per share. This is according to FactSet.
GE Healthcare trades ex-dividend today
GE Healthcare trades today without entitlement to a dividend of $0.04 per share. This is according to Factset.
UK services PMI higher than expected in October
The UK services PMI came in higher than expected in October. The services index rose to 53.1 from 52.1 the previous month. According to Bloomberg, the market expected a reading of 51.8. The composite PMI was higher than expected in October. The index rose to 53.1 from 52.0 the previous month. Analysts’ expectations were 51.8. […]
Pentair trades ex-dividend today
Pentair is trading today ex-dividend, with no entitlement to a dividend of USD 0.27 per share. This is according to Factset.
SB1 Markets raises its price target for Billerud to SEK 116 (114), reiterates Buy
SB1 Markets raises its price target for Billerud to SEK 116 (114), reiterates Buy
Konecranes’ comparable operating profit higher than expected
Finnish engineering company Konecranes reports revenue in line with expectations for the third quarter. Comparable operating profit was meanwhile 3.5 percent higher than expected. Revenue increased 11.4 percent to 1,101.5 million euros (988.7). The outcome can be compared with Vara Research’s analyst consensus, which stood at 1,099. Adjusted EBITDA amounted to 198 million euros (189.6), […]
France mobilizes military ahead of new protests – concern in bond market
France is bolstering security ahead of Saturday’s nationwide protests with 20 percent more police than the previous weekend, as well as military personnel and special forces. Bloomberg News reports. Last weekend’s violence led to the looting of 3,000 shops and 2,700 arrests. President Emmanuel Macron has limited authorization for demonstrations to trade-union-organized protests, which has […]
Revvity trades ex-dividend today
Revvity trades today ex-dividend, with no entitlement to a dividend of USD 0.07 per share. This is according to FactSet.
Nordea upgrades Billerud to Buy – SB1 Markets raises price target
Nordea upgrades its recommendation for packaging company Billerud to Buy from Hold with a price target of SEK 100, while SB1 Markets reiterates Buy and raises its price target to SEK 116 from SEK 114. This is evident from separate analyses. Nordea highlights that it has become increasingly clear that the company is in a […]
