Mergers, acquisitions, IPOs, earnings and corporate strategy: the deals and decisions reshaping companies worldwide.
Ryanair’s first-quarter profit drop is a warning that Europe’s travel demand can look healthy in passenger terms while still disappointing investors where it matters most: fares, fuel and visibility. The airline carried more people in the three months to June 30, but it had to stimulate demand
Telecom Italia’s board has given Poste Italiane’s takeover proposal the endorsement it needed to turn an unusual industrial experiment into a live market test. On Saturday, TIM said its directors had unanimously approved the issuer’s statement on Poste’s voluntary public tender and exchange offer, judging the
Burberry’s first-quarter update gave investors something the British luxury group has not been able to offer consistently in recent years: evidence that its reset is translating into sales growth. For the 13 weeks ended June 27, the company reported retail revenue of 455 million pounds, up 5% at
Mastercard’s reported talks over selling a majority stake in Vocalink are more than a portfolio question for a payments company. They are a test of whether Britain can modernise a critical part of its financial infrastructure without leaving everyday commerce concentrated in the hands of the same card networks
Shein has cleared the most important regulatory obstacle in its long attempt to go public, but the approval says as much about investor skepticism as it does about market access. China’s securities regulator has approved the fast-fashion retailer’s plan to pursue an initial public offering in Hong
U.S. airlines are no longer treating premium cabins as a perk attached to the travel cycle. They are rebuilding the economics of flying around them. The latest push by Delta Air Lines, American Airlines and United Airlines shows how far the industry has moved from simply filling planes after
Lockheed Martin’s agreement to buy Ultra Maritime for $3.45 billion is a reminder that the defense spending story is moving below the surface. Investors have spent much of the past two years focused on missiles, air defense, drones and space systems. The next layer of competition is increasingly
Sky’s agreement to buy ITV’s media and entertainment business is more than another reshuffling of legacy television assets. It is a test of whether national broadcasters can still build enough scale to defend advertising, streaming attention and local programming economics against global platforms. ITV said on Monday that
Nike’s latest earnings report gives investors a cleaner view of its turnaround, but not yet a simpler one. The company beat the most visible profit line in its fiscal fourth quarter, helped by a large tariff-related recovery, while the sales engine that matters most for a consumer brand
Martin Marietta Materials’ $13.5 billion agreement to combine with Lhoist North America is not just a large building-materials deal. It is a bet that some of the most ordinary inputs in the economy, lime, limestone and industrial minerals, are becoming strategic bottlenecks in the next phase of U.
BT and Verizon have found a pragmatic answer to a problem that has dogged global telecom operators for years: multinational enterprise customers still need cross-border networks, but the business has become too complex, too fragmented and too low-growth to sit comfortably inside companies trying to sharpen their domestic
FedEx has entered its post-Freight era with a useful reminder for investors: portfolio simplification can make a company easier to understand, but it does not automatically make the remaining business easier to value. The package-delivery group reported stronger fourth-quarter revenue and adjusted earnings than a year earlier,
