India's Godrej family agrees to split conglomerate into two

The Telegraph
The blockbuster mining mega-merger has descended into farce
Perhaps it’s because it has been so long since there was a proper M&A battle involving a doyen of the FTSE 100, but there’s a somewhat surreal aspect to the latest blockbuster.
Fool.co.uk
Down 13%, is BP’s share price one of the best bargains in the FTSE 100?
BP’s recent share price fall makes it look even more undervalued to me, especially with huge planned share buybacks and increasing dividend prospects. The post Down 13%, is BP’s share price one of the best bargains in the FTSE 100? appeared first on The Motley Fool UK.
Fool.co.uk
Revealed! One of the hottest growth, value, and dividend shares to buy today
This high-dividend, low-cost company is also one of the London stock market's most exciting growth shares, writes Royston Wild. The post Revealed! One of the hottest growth, value, and dividend shares to buy today appeared first on The Motley Fool UK.
PA Media: Money
Grocery price inflation slows to lowest level since October 2021
Supermarket prices are 2.4% higher than a year ago, slowing for the 15th month in a row from April’s 3.2%, according to analysts Kantar.
Fool.co.uk
If I’d put £10k into Tesla stock 2 years ago, here’s what I’d have now
Tesla stock has fallen in the past few years. But the valuation looks temptingly low now, as we approach a potential Elon Musk crisis. The post If I’d put £10k into Tesla stock 2 years ago, here’s what I’d have now appeared first on The Motley Fool UK.
Herald Scotland
Major boost for North Sea giant as development plan approved
Serica Energy says Belinda field is estimated to hold about five million barrels of oil equivalent
Reuters Videos
Apple slashes iPhone prices in China
STORY: Apple slashed iPhone prices in China on Monday (May 20).The U.S. tech giant launched an aggressive discounting campaign on its official Tmall site in the country.It offered discounts of up to $318 on select iPhone models.It comes as Apple looks to defend its position in the high-end smartphone market.The company currently faces more competition from local rivals like Huawei.Last month, Huawei introduced its new series of high-end smartphones, the Pura 70.That followed the launch of the Mate 60 last August.Apple's discount offer runs from May 20 to May 28th, and is more substantial than the offer in February.The steepest discount applies to the 1TB iPhone 15 Pro Max model.Other makes have also seen big price cuts.
Associated Press
Red Lobster seeks bankruptcy protection days after closing dozens of restaurants
Red Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn shrimp and “endless” seafood deals, has filed for Chapter 11 bankruptcy protection. The 56-year-old chain made the filing late Sunday, days after shuttering dozens of restaurants. Tibus, a corporate restructuring expert, took the top post at the chain in March.
Fortune
‘Copper is the new oil,’ and prices could soar 50% as AI, green energy, and military spending boost demand, top commodities analyst says
"But I go back to the 2000s, I was bullish on oil then as I am on copper today."
Mashed
Did Endless Shrimp Really Bankrupt Red Lobster?
Red Lobster is also in the red as a company. Did the company's endless shrimp deal bite it right in its bottom line, or is there more to the story?
Reuters
India's JSW Cement plans $360 million factory to meet rising demand
BENGALURU (Reuters) -India's JSW Cement said on Tuesday it will invest around 30 billion rupees ($360.2 million) to set up a cement factory in the northern state of Rajasthan, in a bid to meet surging demand for the key construction material. Market leader UltraTech Cement said last month it will set aside $3.9 billion for ongoing capital expenditure over the next three years. JSW Cement's proposed unit will supply cement to Rajasthan, Haryana, Punjab and the national capital region, marking the firm's entry into the country's northern market, which is dominated by Shree Cement and UltraTech.
Reuters
Oil eases on worries about US inflation, interest rates
NEW YORK (Reuters) -Oil prices eased less than 1% on Monday as U.S. Federal Reserve officials said they were awaiting more signs that inflation was declining before the central bank starts cutting interest rates. Two top Fed officials said they're not yet ready to say inflation trends are again moving sustainably back to the central bank's 2% target, weighing in after data last week showed a welcome easing in consumer price pressures in April. Lower interest rates would reduce borrowing costs for consumers and businesses, which could boost economic growth and demand for oil.
Evening Standard
Grocery prices finally rising at ‘more normal levels’ again after 2023 cost-of-living shock
Figures from market research firm Kantar show grocery price inflation for the four weeks to 12 May at its lowest since October 2021
Bloomberg
Oil Drops in Listless Trading as Spreads Show Physical Weakness
(Bloomberg) -- Oil extended losses to hover near three-month lows as key market measures flashed signs of weakness. Still, futures have remained rangebound as traders await the next catalyst. Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe TurbulenceASML, TSMC Can Disable Chip Machines If China Invades TaiwanHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyTesla Shareholder Group Slams Elon Musk’s $56 Billion Pay PackageJamie Dimon Says Succession at JPMorgan
Reuters
Analysis-North Sea energy firms look beyond UK after tax squeeze
North Sea oil and gas producers are merging and shifting overseas as Britain's windfall tax slashes profits and as the opposition Labour Party threatens more tax if it wins the next general election. Oil majors such as Shell, Chevron and Exxon Mobil have long since pulled back from the ageing basin in pursuit of more profitable oilfields, divesting assets to smaller producers such as Harbour Energy, Ithaca Energy and Serica Energy. These independent oil and gas producers are now looking further afield and merging to cut costs and boost revenue.
CNN Business
Red Lobster files for bankruptcy
Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy.
The Guardian
‘Cynical’: how US utilities use housing non-profits to boost fossil fuels
Revealed: Four gas utilities have teamed up with Habitat for Humanity to build ‘zero-net energy homes’, investigation shows
Reuters
Japan and ASEAN plan joint strategy on auto production, Nikkei reports
The aim is to draw up an interim joint strategy through around 2035 when the economic ministers of Japan and ASEAN members meet as early as next September, Nikkei reported, without citing any source. The joint strategy is expected to entail cooperation in personnel training, decarbonization in production, mineral resource procurement, and investment in next-generation fields such as biofuels, Nikkei said.
Business Insider Video
How Macy's went from retail pioneer to dying department store
Macy's began as one of the first department stores and expanded into a retail giant with locations across the US. But now it's closing stores and cutting staff. Can Macy's survive the retail apocalypse?
Simply Wall St.
Examining 3 Leading Dividend Stocks With Yields Up To 5.4%
Amidst a backdrop of fluctuating global markets, the Hong Kong stock market has shown resilience, with the Hang Seng Index gaining 3.11% recently. This positive momentum in Hong Kong makes it an opportune time to examine dividend stocks, which can offer investors potential income stability and growth in varying economic climates.

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India's Godrej family agrees to split conglomerate into two

Latest stories

The blockbuster mining mega-merger has descended into farce

Down 13%, is BP’s share price one of the best bargains in the FTSE 100?

Revealed! One of the hottest growth, value, and dividend shares to buy today

Grocery price inflation slows to lowest level since October 2021

If I’d put £10k into Tesla stock 2 years ago, here’s what I’d have now

Major boost for North Sea giant as development plan approved

Apple slashes iPhone prices in China

Red Lobster seeks bankruptcy protection days after closing dozens of restaurants

‘Copper is the new oil,’ and prices could soar 50% as AI, green energy, and military spending boost demand, top commodities analyst says

Did Endless Shrimp Really Bankrupt Red Lobster?

India's JSW Cement plans $360 million factory to meet rising demand

Oil eases on worries about US inflation, interest rates

Grocery prices finally rising at ‘more normal levels’ again after 2023 cost-of-living shock

Oil Drops in Listless Trading as Spreads Show Physical Weakness

Analysis-North Sea energy firms look beyond UK after tax squeeze

Red Lobster files for bankruptcy

‘Cynical’: how US utilities use housing non-profits to boost fossil fuels

Japan and ASEAN plan joint strategy on auto production, Nikkei reports

How Macy's went from retail pioneer to dying department store

Examining 3 Leading Dividend Stocks With Yields Up To 5.4%