Edition:
United Kingdom

Shradha Singh

Restaurant Brands to boost outlets by 54% in 8-10 years

15 May 2019

Restaurant Brands International Inc said on Wednesday it plans to expand all three of its brands to more than 40,000 restaurants globally, a 54% jump, over the next decade.

UPDATE 2-Hudbay Minerals settles board battle with shareholder Waterton

03 May 2019

May 3 Hudbay Minerals Inc said on Friday it had agreed with Waterton Global Resource Management Inc, its second largest shareholder, to seek election of a slate of 11 board members that includes nominees proposed by both parties.

Shopify raises FY forecast on demand for e-commerce tools; shares surge

30 Apr 2019

Shopify Inc raised its 2019 earnings forecast and posted a surprise quarterly profit on Tuesday on strong demand for its software that helps retailers sell goods online, sending its shares up 7 percent to a record high.

ADM considers ethanol spinoff as first-quarter profit falls on severe weather

26 Apr 2019

CHICAGO/BENGALURU Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant's profit, which tumbled 41% in the first quarter.

Investor Waterton files suit against Canadian miner Hudbay to stop it soliciting proxies

16 Apr 2019

Private equity firm Waterton Global Resource Management has filed a lawsuit against Canadian miner Hudbay Minerals Inc in a bid to stop it from soliciting proxies for its annual shareholder meeting in May.

UPDATE 3-Investor Waterton files suit against Canadian miner Hudbay to stop it soliciting proxies

16 Apr 2019

April 16 Private equity firm Waterton Global Resource Management has filed a lawsuit against Canadian miner Hudbay Minerals Inc in a bid to stop it from soliciting proxies for its annual shareholder meeting in May.

Dollarama's fourth-quarter profit misses estimates

28 Mar 2019

Canadian discount chain Dollarama Inc narrowly missed quarterly estimates for profit and same-store sales on Thursday, hurt by severe competition and a softening economy that prevented the company from raising prices.

Murphy Oil sells Malaysia assets to PTTEP for $2.1 billion, turns toward home

22 Mar 2019

Murphy Oil Corp is exiting Malaysia with a $2.13 billion sale of its oil and gas assets there to Thailand's PTTEP and said it will use the proceeds to pay down debt, buy back shares and fund potential deals in the United States.

Noble Energy to reward investors with more than $500 million cash flow target

19 Feb 2019

Noble Energy Inc on Tuesday outlined a plan to return over $500 million to shareholders by 2020 and lowered its 2019 capital expense forecast in response to a drop in crude oil prices, sending its shares up 5 percent.

World News

Trump plays down Iranian shooting of U.S. surveillance drone

U.S. President Donald Trump played down Iran's downing of a U.S. military surveillance drone on Thursday, saying he suspected it was shot by mistake and that "it would have made a big difference" to him if the remotely controlled aircraft had been piloted.