Edition:
United Kingdom

Arundhati Sarkar

Paulson gives up opposition to reduced Callon-Carrizo deal

18 Nov 2019

Callon Petroleum Co shareholder Paulson & Co said on Monday it would now not oppose the U.S. shale producer's purchase of smaller rival Carrizo Oil & Gas Inc, after the company last week sharply cut its offer.

SunPower to spin off solar panel manufacturing, shares rise

11 Nov 2019

U.S. solar company SunPower said on Monday it will split into two publicly traded companies, separating most of its solar panel manufacturing operations from storage and energy services, sending its shares up as much as 15%.

Barrick Gold beats forecasts, raises dividend

06 Nov 2019

BENGALURU/LONDON Barrick Gold Corp on Wednesday reported higher third-quarter profits that beat analysts' estimates and raised its dividend while reiterating a five-year production plan.

Nutrition business helps ADM weather trade war impact, results beat forecasts

31 Oct 2019

BANGALORE/CHICAGO Grain trader Archer Daniels Midland Co posted higher-than-expected quarterly profit on Thursday, as increased returns in its nutrition business and improved U.S. grain marketing efforts helped cushion the impact of sluggish commodity prices, ethanol industry troubles and trade war woes.

UPDATE 3-Bunge shares slide as China trade war, pig disease upset exports

30 Oct 2019

Oct 30 Agricultural merchant Bunge Ltd warned on Wednesday of a drop in annual profits due to mounting challenges to its grain trading and processing business from the U.S.-China trade war and a fatal pig disease in Asia, sending shares down more than 4%.

UPDATE 2-Parsley Energy to buy Jagged Peak in $1.62 bln shale expansion

14 Oct 2019

Oct 14 U.S. shale producer Parsley Energy Inc on Monday agreed to buy smaller peer Jagged Peak Energy Inc in an all-stock deal valued at $1.62 billion, adding acreage in an oil-rich part of the top U.S. shale basin.

McDermott International gets takeover interest for its Lummus Technology unit

20 Sep 2019

McDermott International Inc said on Friday it received takeover interests for all or part of its technology business that could value the unit at over $2.5 billion, sending its shares up about 66% in morning trade.

Hudson's Bay Co loss widens on 'hyper-promotional' retail environment

12 Sep 2019

Canadian department store operator Hudson's Bay Co reported a wider second-quarter loss on Thursday, hurt by store closures, deep discounts and declining sales at the retailer's name brand.

Pot producer CannTrust hit by new Health Canada violations

12 Aug 2019

Health Canada has found fault with cannabis production at a second CannTrust Holdings Inc facility, a month after the regulator froze sales of several tonnes of marijuana grown at another one of its Ontario operations.

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