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Deals of the day-Mergers and acquisitions
March 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday: State-backed Poste Italiane has made a 10.8 billion euro ($12.5 billion) cash‑and‑share offer to bring Telecom Italia (TIM) back into state hands, abo...Reuters
Tue, Mar 24
Saudi Arabia says World Economic Forum postpones Jeddah meeting
DUBAI, March 24 (Reuters) - Saudi Arabia's state news agency said on Tuesday that the World Economic Forum had postponed its Global Collaboration and Growth Meeting, originally set for April 22–23 in Jeddah, following consultations with the Saudi Ministry of Economy and Planning, citing current ...Reuters
Tue, Mar 24
Russia says its forces took control of another village in eastern Ukraine
MOSCOW, March 24 (Reuters) - The Russian defence ministry said on Tuesday its forces had taken control of the village of Pishchane in Ukraine's northeastern Kharkiv region, TASS news agency reported.Reuters could not independently confirm the battlefield report.Reuters
Tue, Mar 24
Trump wants a deal with Iran but success of talks unlikely, Israeli officials say
JERUSALEM, March 24 (Reuters) - U.S. President Donald Trump appears to be determined to reach a deal with Iran aimed at ending hostilities in the Middle East, three senior Israeli officials said on Tuesday. The officials, speaking on condition of anonymity, said that they viewed it is unlikely that ...Reuters
Tue, Mar 24
Fever-Tree Drinks' profit drops 16% on Molson Coors' partnership impact, packaging levy dispute
Fever-Tree challenges UK levy on glass formats in barsAnalysts expect US sales momentum to increase in 2026Investec analyst Webb sees EPR provision as accounting prudence March 24 (Reuters) - Fever-Tree Drinks FEVR.L reported a 16% drop in annual profit on Tuesday after booking a one-off 2.8-mill...Reuters
Tue, Mar 24
Smithfield Foods' Q4 net sales beat estimates on Packaged Meats performance
OverviewU.S. packaged meats and pork seller's fiscal Q4 net sales rose 7%, beating analyst expectationsAdjusted EPS for fiscal Q4 was $0.83Company announced dividend increase to $1.25 per share for 2026OutlookSmithfield Foods sees fiscal 2026 sales up low-single-digits versus 2025Company expects...Reuters
Tue, Mar 24
China's Cheetah Mobile 2025 revenue, margins rise on AI-driven growth
OverviewChina IT and AI firm's fiscal 2025 revenue rose 42.6% yr/yrGross margin for fiscal 2025 improved to 72.5% from 67.6% in 2024Company achieved non-GAAP operating profitability vs a year-ago operating lossOutlookCompany did not provide specific quantitative guidance for future quarters or f...Reuters
Tue, Mar 24
Members of dynasties which founded Ford, Walmart part of consortium in talks to buy Indian Premier League cricket team Rajasthan Royals for over $1.6 billion- Sky News
-- Source link: https://tinyurl.com/4e46k6t4-- Note: Reuters has not verified this story and does not vouch for its accuracyReuters
Tue, Mar 24
Winbond seeks $750 million in bond sale to fund capacity expansion
SINGAPORE/SYDNEY, March 24 (Reuters) - Taiwan memory chip maker Winbond Electronics 2344.TW launched a $750 million convertible bond sale on Tuesday, according to a term sheet seen by Reuters. Winbond supplies semiconductor memory products, including DRAM and code-storage flash memory, to customers ...Reuters
Tue, Mar 24
Deutsche Bank Says Advent Global Opportunities Sells 21.6 Mln Trustpilot Shares At 214 Pence Per Share For £46 Mln
March 24 (Reuters) - Deutsche Bank AG London:DEUTSCHE BANK AG LN TRUSTPILOT GROUP PLC - RESULTS OF SECONDARY PLACING IN TRUSTPILOTDEUTSCHE BANK - ADVENT GLOBAL OPPORTUNITIES SELLS 21.6 MILLION TRUSTPILOT SHARES AT 214 PENCE PER SHARE FOR £46 MILLIONReuters
Tue, Mar 24
Iran Reiterates Ceasefire ‘Hard Conditions,’ Trump TACO Deal Will Be Weakened
TradingKey — According to latest reports, Iran has signaled a tougher stance regarding conditions for ending the war. Mohsen Rezaee, the newly appointed military advisor to Iran’s Supreme Leader, stated in an interview with Iranian state television on March 23 that Iran will not easily end the conflict in the short term unless its core demands are fully met.TradingKey
Tue, Mar 24
German president warns Trump's return marks profound rupture in transatlantic ties
BERLIN, March 24 (Reuters) - German President Frank-Walter Steinmeier said the start of U.S. President Donald Trump's second term marked a rupture in German foreign relations that was as profound as Russia's invasion of Ukraine and required Germany to seek more independence. "Just as I b...Reuters
Tue, Mar 24
Public Policy Holding Reports FY2025 Adjusted EBITDA $45.4 Mln
March 24 (Reuters) - Public Policy Holding Company Inc PPHC.L:PUBLIC POLICY HLDG - PPHC ANNOUNCES FULL YEAR 2025 FINANCIAL RESULTSPUBLIC POLICY HOLDING COMPANY INC - FY2025 REVENUE $186.5 MILLION WITH ORGANIC GROWTH OF 6.2%PUBLIC POLICY HOLDING COMPANY INC - FY2025 ADJUSTED EBITDA $45.4 MILLION, UP...Reuters
Tue, Mar 24
Competition And Mkts Says CMA Concludes Investigation Into Veterinary Sector
March 24 (Reuters) - COMPETITION AND MKTS:COMPETITION AND MKTS - CMA CONCLUDES INVESTIGATION INTO VETERINARY SECTORCMA: HAS SET OUT ITS FINAL REFORMS - WHICH WILL START COMING INTO FORCE LATER THIS YEAR - TO HELP PET OWNERS BETTER NAVIGATE VET SERVICES MARKETCMA: NEXT STAGE GIVES CMA SIX MONTHS TO ...Reuters
Tue, Mar 24
Wynnstay Says First Four Month Trading In Line With Expectations & Ahead of Last Year
March 24 (Reuters) - Wynnstay Group PLC WYWYN.L:WYNNSTAY GROUP - TRADING FOR FIRST FOUR MONTHS OF FINANCIAL YEAR IN LINE WITH EXPECTATIONS & AHEAD OF LAST YEARWYNNSTAY GROUP : DOES NOT CURRENTLY EXPECT A MATERIAL ADVERSE IMPACT ON GROUP & MAINTAINS ITS FULL YEAR EXPECTATIONSReuters
Tue, Mar 24
Ultimate Products Reports H1 FY26 Adjusted PBT £3.1 Mln
March 24 (Reuters) - Ultimate Products PLC ULTP.L:ULTIMATE PRODUCTS - INTERIM RESULTSULTIMATE PRODUCTS : CURRENTLY EXPECTS TRADING TRENDS SEEN IN H1 TO CONTINUE THROUGHOUT BALANCE OF YEARULTIMATE PRODUCTS PLC - H1 FY26 ADJUSTED PBT £3.1 MILLIONReuters
Tue, Mar 24
Trafigura Closes JPY104.7 bln Term Loan Facility
March 24 (Reuters) - TRAFIGURA:CLOSES JPY104.7 BILLION TERM LOAN FACILITYFACILITY WAS SIGNIFICANTLY OVERSUBSCRIBED AND UPSIZED BY JPY21.75 BILLION (C.USD137 MILLION) FROM 2024 3-YEAR LOANTHE LOAN CONSISTED OF A 5-YEAR TRANCHE ONLY FOR THE FIRST TIME AND MARKS TRAFIGURA’S EIGHTH SAMURAI LOAN SINCE EN...Reuters
Tue, Mar 24
Liontrust Says It Would Welcome Discussion After Open Letter From Two Portfolio Managers At GAM Alternatives
March 24 (Reuters) - Liontrust Asset Management PLC LIO.L:LIONTRUST ASSET MANAGEMENT PLC: BOARD NOTES THE OPEN LETTER SENT AND PUBLISHED ON 23 MARCH 2026 FROM TWO PORTFOLIO MANAGERS AT GAM ALTERNATIVESLIONTRUST: WHILE GAM ALTERNATIVES HAD NOT SOUGHT ANY DIALOGUE WITH CO PRIOR TO LETTER, CO WOULD WEL...Reuters
Tue, Mar 24
Mission Group Says Headcount Reduced By About 50 Roles Due To Group Integration
March 24 (Reuters) - Mission Group PLC TMGT.L:MISSION GROUP PLC - FINAL RESULTSMISSION GROUP PLC - HEADCOUNT REDUCED BY ABOUT 50 ROLES DUE TO GROUP INTEGRATIONMISSION GROUP PLC - BOARD DECIDES TO CONTINUE TO PAUSE DIVIDEND PAYMENTSMISSION GROUP PLC: TRADING IN FIRST MONTHS OF 2026 HAS BEEN IN LINE ...Reuters
Tue, Mar 24
