Conglomerates News

Latest News

  • Warren Buffett, chairman of conglomerate Berkshire Hathaway (NYS:BRK.A), said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. He added that the delay in the construction of the Keystone pipeline was unlikely to prompt …

  • U.S. expansion plans for Associated British Foods and expectations of consolidation in the drugs sector kept FTSE 100 near a two-week high on Wednesday. Clothing and food conglomerate AB Foods surged 8.8 percent, its best one-day percentage gain for 14 years, after saying its fast-growing clothing chain Primark is to set …

  • Shares in clothing and food conglomerate Associated British Foods surge to the top of the blue-chip FTSE 100 index, marking their best one-day gain in percentage terms in 14 years, after posting higher ...

  • Economic growth may be slowing in China, and fears of a credit crunch there may be rife, but the world's second-largest economy was a driving force for U.S. company profits in the last quarter. Some of the biggest names in Corporate America, including Coca-Cola Co, General Motors Co, United Technologies Corp and McDonald's …

  • A woman walks past electric bikes sitting outside a McDonalds fast-food outlet in central Beijing

    Economic growth may be slowing in China, and fears of a credit crunch there may be rife, but the world's second-largest economy was a driving force for U.S. company profits in the last quarter. Some of the biggest names in Corporate America, including Coca-Cola Co (KO), General Motors Co (GM), United Technologies Corp …

  • M&A activity in pharma helps European stocks extend rally Reuters - UK Focus - Tue, Apr 22, 2014 12:08 BST

    European shares rose on Tuesday, extending last week's gains, as mergers and acquisitions activity in the pharmaceuticals sector eclipsed disappointing results from Dutch conglomerate Philips. The STOXX ...

  • M&A in pharma helps European stocks extend rally Reuters - UK Focus - Tue, Apr 22, 2014 09:02 BST

    European shares rose in early trade on Tuesday as mergers and acquisitions activity in the pharma sector helped the market extend last week's gains and eclipse disappointing results from Dutch conglomerate ...

  • Far from the spotlight, in secretive high-level meetings and company boardrooms, Beijing is drawing up one of the country's thorniest reforms: an overhaul of China's hugely inefficient state-owned industry. Yet taken together they probably mark the beginning of the biggest revamp of China's state sector since late 1990s, …

  • By combining better capital management and a strategic approach to portfolio streamlining, diversified companies can actively address the "conglomerate discount," which reduces their valuations ...

  • Russia's Sistema recommends more than doubling dividend for 2013 Reuters - UK Focus - Mon, Apr 21, 2014 17:15 BST

    Russian oil-to-telecoms conglomerate Sistema said on Monday it planned to pay 2.06 roubles per share in 2013 dividends, up from 0.96 roubles the previous year. The board has recommended paying a total ...

  • RIL telecoms unit in tower lease pact with ATC Reuters - Mon, Apr 21, 2014 12:00 BST

    NEW DELHI (Reuters) - Conglomerate Reliance Industries'(RELI.NS) telecommunications unit, which holds nationwide 4G permits, has agreed to lease mobile phone masts from infrastructure provider American ...

  • A Chinese executive under investigation for suspected corruption has been sacked as chairman of powerful state-owned conglomerate China Resources Holdings Co. Ltd., the official Xinhua news agency said on Saturday. Citing an official with the Organization Department of the ruling Communist Party's Central Committee, Xinhua …

  • Reliance Industries posts flat Q4 profit, meets estimates Reuters - Fri, Apr 18, 2014 14:26 BST
    A man walks past a Reliance Industries Limited sign board installed on a road divider in Gandhinagar

    MUMBAI (Reuters) - Energy conglomerate Reliance Industries Ltd (RELI.NS) posted a flat quarterly profit, in line with estimates, hurt by a slimmer margin in its oil refining business. Reliance, which operates ...

  • "The big story is the organic revenue growth," said Tim Ghriskey, chief investment officer of Solaris Asset Management, which owns GE shares. The results underscored GE Chief Executive Officer Jeff Immelt's strategy to focus the company even more on manufacturing of large industrial products as he reduces the company's …

  • Guinea's government has approved a report recommending that BSG Resources (BSGR) and its joint venture partner, Brazilian mining giant Vale, be stripped of two iron ore concessions, a Guinean government source said on Thursday. BSGR, the mining branch of Israeli billionaire Beny Steinmetz's conglomerate, has denied the …

  • Chairman of China conglomerate being investigated Associated Press - Thu, Apr 17, 2014 13:57 BST

    China's ruling Communist Party says the chairman of a massive state-owned conglomerate is being investigated on suspicion of corruption, nine months after the government audited the company. The party's ...

  • Orix Corp (TYO:8591), one of Japan's largest financial services conglomerates, and some Chinese non-bank finance companies also placed bids this week, they added. The sale of PrimeCredit is expected to be the first of several sales of non-core businesses by Standard Chartered as it seeks to boost shareholder returns and …

  • House of Fraser sales hit record for new owners City A.M. - Wed, Apr 16, 2014 01:41 BST
    House of Fraser sales hit record for new owners

    BOOMING online sales helped House of Fraser deliver record gross profits last year, the department group said yesterday in the wake of its acquisition by Chinese conglomerate Sanpower.House of Fraser’s ...

  • Jeff Immelt, Chairman and CEO of General Electric appears at a news conference announcing the Head Health Initiative along with the National Football League (NFL) in New York

    Immelt, who has been at the helm of the industrial conglomerate since 2001, has led several board discussions about shortening the expected tenure for GE's next chief executive to between 10 and 15 years, the Journal said. Among the leading candidates identified to succeed Immelt are Lorenzo Simonelli, who took over the …

  • GE's Immelt may exit before expected tenure ends - WSJ Reuters - Tue, Apr 15, 2014 08:15 BST
    Jeff Immelt, Chairman and CEO of General Electric appears at a news conference announcing the Head Health Initiative along with the National Football League (NFL) in New York

    Immelt, who has been at the helm of the industrial conglomerate since 2001, has led several board discussions about shortening the expected tenure for GE's next chief executive to between 10 and 15 years, the Journal said. Among the leading candidates identified to succeed Immelt are Lorenzo Simonelli, who took over the …

  • Questor share tip:Conglomerate is key for Carr's Milling Telegraph - Tue, Apr 15, 2014 07:00 BST

    The small-cap conglomerate proves the value of its unconventional business model, says Questor

  • A GE logo is seen in a store in Santa Monica

    Commercial real estate, which GE Capital expects to make up 10 percent to 15 percent of its portfolio in the future, stands as another major potential area for GE to abandon, analysts and investors said. "From my investor's point of view, the more they look like an industrial company, the better off they are," said Andrew …

  • Brazilian tycoon Batista faces insider trading probes Reuters - Sat, Apr 12, 2014 03:07 BST

    Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms, securities industry watchdog CVM said on Friday. In a statement sent to Reuters, Rio de Janeiro-based CVM confirmed …

  • Brazil's Batista faces insider trading probes Reuters - Sat, Apr 12, 2014 00:26 BST
    Brazilian Batista, chairman and CEO of EBX Group, gestures during the Milken Institute Global Conference in Beverly Hills

    Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation by securities industry watchdog CVM for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms. In a statement sent to Reuters late on Friday, Rio de Janeiro-based CVM confirmed …

  • Yasheng Group Reports Record Full-Year Results Marketwired - Fri, Apr 11, 2014 14:50 BST

    Yasheng Group , a high-growth diversified China-based agricultural conglomerate with U.S. headquarters in Redwood City, California, today announced financial results for the full year 2013.

  • Market report: ABF rises on Primark hopes Telegraph - Thu, Apr 10, 2014 20:13 BST

    The sugar-to-clothing conglomerate has been hit recently by worries about its sugar business

  • Mauritian conglomerate Ireland Blyth (MAU:IBL) says uncertainty over new tax rules by key trading partner India has affected its business by putting off investors using the Mauritius financial centre to invest in India. Nicolas Maigrot, chief executive of the group which has a wide range of interests in financial services, …

  • Shiseido Expands Indonesia Operations with Joint Venture Business Wire - Thu, Apr 10, 2014 11:23 BST
    Shiseido Expands Indonesia Operations with Joint Venture

    Shiseido has concluded a joint venture agreement with PT Sinar Mas Tunggal, a group company of the Indonesian conglomerate, Sinar Mas Group. Shiseido Co., Ltd. and the

  • N.Y. court dismisses claims over Saudi billionaire's alleged fraud Reuters - UK Focus - Wed, Apr 9, 2014 21:38 BST

    ALBANY, N.Y., April 8 (Reuters) - New York (Frankfurt: HX6.F - news) 's highest state court has ruled that a lawsuit by the Algosaibi family conglomerate, claiming that a Saudi billionaire who married into the family committed a $150 million fraud, should be heard in Saudi Arabia. In the lawsuit, Ahmed Hamad al Gosaibi …

  • Cargill 3Q net income falls on power trading loss Associated Press - Tue, Apr 8, 2014 17:19 BST

    Agribusiness conglomerate Cargill said Tuesday its net income dropped 28 percent in the fiscal third quarter because of increased electricity prices and other problems. The Minneapolis company said its ...

  • A Canadian banking partnership led by Export Development Canada today announced USD 775 million in financing for the global capital expenditure plans of Vale SA, the Brazilian mining conglomerate.

  • Indian conglomerate GVK Power & Infrastructure Ltd (NSI:GVKPIL.NS - News) and Australia's richest woman on Tuesday were ordered to meet strict environmental conditions over water conservation before developing a coal mine in the arid Australian Outback estimated to cost $10 billion. The Land Court of Queensland recommended …

  • Mike Ashley has purchased an 11 per cent stake in House of Fraser, disrupting the sale of the department store chain to Chinese conglomerate Sanpower and sparking a legal row between it and Sir Tom Hunter, ...

  • As global M&A continues its fastest start to the year since 2007, City A.M. looks behind the most recent dealsFRENCH conglomerate Vivendi has accepted a €17bn (£14bn) takeover offer from Altice, via its ...

  • Ashley fails to derail House of Fraser takeover City A.M. - Mon, Apr 7, 2014 05:52 BST
    Ashley fails to derail House of Fraser takeover

    HOUSE of Fraser’s sale to a Chinese conglomerate is set to go ahead, despite Sports Direct founder Mike Ashley’s efforts to scupper the deal, City A.M. understands.Chinese powerhouse Sanpower Group agreed ...

Next >>