Jon has been reporting on stock markets for over twenty-five years for audio text companies (remember them?!), newswires, and websites. He helped set up MarketEye News for ICV/Topic in the 1990’s before moving on to become a Markets reporter at AFX News. After over 10 years, which saw him rise to the dizzy heights of Markets Editor at AFX, the firm’s acquisition by Thomson Corp and subsequent takeover of Reuters, he moved on in 2012. Prior to Proactive Investors, he was News Editor for thisismoney.co.uk, the Mail Online’s financial website.
The fast-casual Mexican food restaurant operator said it believes the issue has been contained, and additional security measures have been taken, although an investigation into the matter is continuing
The NYSE-listed company posted net income of US$1.45bn, or US$2.34 a share in the first quarter, up from US$1.22bn, or US$1.83 a share a year-earlier
PPG’s new cash and share offer is an increase on its previous proposal pitched at around €24.6bn and comes as Akzo’s shareholders, led by activist hedge fund firm Elliott Advisors, have called on the firm to at least open exploratory talks with PPG
The NYSE-listed firm said its sales for the first quarter ending March 31 rose by 9.65% to US$1.07bn, beating market expectations for US$1.06bn
Atkins said it has ““indicated to SNC-Lavalin that the Possible Offer would deliver value to Atkins shareholders at a level that the Board would be prepared to recommend, subject to reaching agreement on the other terms and conditions of the offer”
The broker said: “Cash and cash equivalents amounted to $2.6m at the period end and COPL’s short term focus remains on matters including working with ExxonMobil to assess results from the previously-drilled Mesurado-1 well offshore Liberia
The AIM-listed firm said resource definition and metallurgical test-work programs at the BKM deposit - which is in Central Kalimantan, Indonesia - continue to advance as planned, with a significant ramp-up of activities over the past two months.
Analyst Bill Newman raised the target for Point Loma to C$1.10 from C$1.00 having increased his risked net asset value estimate to C$1.37 per share from C$1.34.