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News

18 May CORRECTED-UPDATE 2-Coffee maker JDE Peet’s looks to wake up sleepy IPO market

Posted at 11:48h in News by KMFSLLP 0 Comments

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* JDE Peet's says market has stabilised, coffee demand resilient

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18 May Ex-Lloyds finance chief George Culmer takes Aviva Chairman role

Posted at 11:39h in News by KMFSLLP 0 Comments

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Aviva on Tuesday named former Lloyds Banking Group finance chief George Culmer as its chairman, as the British insurer grapples with the fallout of the coronavirus crisis.

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18 May UPDATE 2-Home Depot misses profit estimates as coronavirus costs weigh

Posted at 11:36h in News by KMFSLLP 0 Comments

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Home Depot Inc missed estimates for quarterly profit on Tuesday, as the home improvement chain spent about $850 million on benefits for employees keeping its stores and warehouses running through the COVID-19 pandemic.

18 May UPDATE 3-Compass shares drop as it seeks cash to cope with crisis

Posted at 11:32h in News by KMFSLLP 0 Comments

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* Shares fall as much as 11% (Updates with indications on issue price, deeper share falls)

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18 May UPDATE 1-Powell, Mnuchin to face Senate grilling on U.S. coronavirus response

Posted at 11:25h in News by KMFSLLP 0 Comments

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The U.S. government's handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell testify before the Senate Banking Committee.

18 May FOCUS-British backing gives some RBS investors comfort in crisis

Posted at 11:23h in News by KMFSLLP 0 Comments

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Best known as Britain's biggest financial crisis failure, some investors and analysts view majority state-owned Royal Bank of Scotland as the lender likely to emerge strongest from the coronavirus downturn.

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18 May NMC founder owes over $250 mln to Bank of Baroda-court document

Posted at 11:10h in News by KMFSLLP 0 Comments

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Bank of Baroda is seeking to recover loans worth more than $250 million from NMC founder BR Shetty and his companies and an Indian court has barred him and his wife from selling or transferring some properties while it hears the case, a court document showed.