ValueAct has 5.7 percent stake in Agrium
ValueAct Capital Management LP has bought a 5.7% stake (almost 8.2m shares) in agricultural products and services retailer Agrium Inc., just eighteen months after...
25 euro area banks failed ECB stress tests
Approximately 25 euro area banks have failed the ECB’s stress tests, say people familiar with the matter. According to sources both in Europe and...
Is TSB too small to be a Challenger Bank?
TSB Banking Group plc is too small to be a Challenger Bank, British lawmakers have suggested. The “big five” that dominate UK high street...
US stocks had a good week
US stocks had a good week, as companies overall posted encouraging quarterly results. Standard & Poor’s had its best week in nearly two years,...
Procter & Gamble to spin off Duracell battery business
Procter & Gamble is to spin off its Duracell battery business in order to bolster its share price and cut the number of outstanding...
Canada closer to becoming yuan hub
Canada is moving closer to becoming a yuan hub, which will facilitate trade between the loonie (Canadian dollar) and China’s currency, according to the...
UK faces 1.7 billion pound penalty for economic success by EU
The UK’s economic success comes at a price, as far as the European Union is concerned. Britain has been told by the EU that...
UK GDP growth slows to 0.7% in third quarter
UK GDP growth in the third quarter slowed to 0.7%, which translates into an annual increase of 3%, according to data published on Friday...
Sears closing more than 100 stores before Christmas, says Seeking Alpha
According to investment website Seeking Alpha, Sears Holding Corp. is closing more than 100 stores and laying off over 5,457 employees before Christmas. Stores...
Caterpillar posts strong third quarter results
Caterpillar pleased investors after posting a third quarter net profit of $1.1 billion ($1.63 per share) compared to $946 million ($1.45 per share) in...