Posts by Stephanie Irvin
Carrefour proposes buyout of Brazilian grocery unit Atacadao
FRENCH grocer Carrefour submitted a proposal for a take-private of its Brazilian subsidiary Atacadao. Atacadao said that its management had received a proposal from Carrefour – its controlling shareholder – that would make it a wholly owned subsidiary. The statement confirmed an earlier report by Bloomberg News that Paris-listed Carrefour was working with advisers on…
Read MoreNSL reverses losses with a net profit of S$18.9 million in latest 6-month results
INDUSTRIAL group NSL posted a net profit of S$18.9 million for the six-month period ended Dec 31, 2024, a reversal from its net loss of S$25.8 million in the same period in the previous year as the company had recorded impairment losses amounting to S$32.2 million from an associated company then. For the 12-month period…
Read MoreWing Tai H1 net profit declines 51% to S$10.1 million
PROPERTY and retail company Wing Tai Holdings’ net profit continued its decline in the first half of its 2025 fiscal year due to lower contributions from its property assets, after selling one of its condominium projects in Singapore. The company also incurred higher sales and finances costs for the six-month period ended Dec 31, 2024.…
Read MoreSGX securities turnover value up 1% in January; volume down 31%
THE total securities market turnover value on the Singapore Exchange (SGX) increased 1 per cent year on year (yoy) to S$20.8 billion in January, with the Straits Times Index (STI) hitting a 17-year high and exchange-traded funds’ (ETFs) assets under management (AUM) rising to a record level. January’s total market turnover volume fell 31 per…
Read MoreI Squared eyes DigitalBridge towers in South-east Asia: source
I SQUARED Capital is considering buying some of the assets of DigitalBridge Group’s South-east Asian telecom tower operator, according to people with knowledge of the matter. DigitalBridge had been evaluating a potential full sale of the company, Singapore-based EdgePoint Infrastructure, but was unable to reach an agreement with I Squared on valuation, the people…
Read MoreGucci sales tumble as Kering turnaround fails to take shape
GUCCI quarterly sales tumbled as Kering’s biggest label struggles to emerge from an extended demand downturn. Revenue at Gucci fell 24 per cent on a comparable basis in the fourth quarter, Kering said on Tuesday (Feb 11) in a statement. Analysts had expected a slide of 22 per cent. In the latest sign of turmoil…
Read MoreAnalysts raise target prices, dividend estimates on DBS, predicting higher valuation ahead
Among its high ROE businesses, a “standout” performer is its wealth management segment, says DBS ANALYSTS raised their target prices for DBS after the lender posted full-year net profit that reached a record high. This was pointing to potentially higher valuations and the bank dishing out more dividends ahead. Maybank Securities raised its target price…
Read MoreBain Capital says it may withdraw tender offer proposal for Fuji Soft
Bain, which is supported by Fuji Soft’s founding family, has yet to launch a tender offer US PRIVATE equity firm Bain Capital said it may withdraw its tender offer proposal for Japanese IT firm Fuji Soft, after rival suitor KKR raised its offer above Bain’s in a protracted bidding war. Bain Capital “is carefully considering…
Read MoreMacquarie, HSBC to start talks to join Australia Post pact
Australia Post has one of the largest retail networks nationally and runs more than 4,000 post offices A TRIO of major lenders may join a banking service run by Australia’s post offices as part of a government push to mitigate branch closures across the country. ANZ Group Holdings agreed to participate in Australia Post’s Bank@Post…
Read MoreLendlease Global Commercial Reit appoints Guy Alexander Cawthra as CEO
LENDLEASE Global Commercial Real Estate Investment Trust (LReit) has appointed Guy Alexander Cawthra as its new chief executive, effective Apr 1. He replaces Kelvin Chow, who has resigned “to pursue other opportunities”. Chow is the Reit’s first and only chief executive thus far, since the Reit was listed in 2019. On Tuesday (Feb 11), LReit…
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