Services
Hyatt Hotels Corporation (NYSE: H) is in focus this morning after revealing it has bought me and all hotels brand to expand its footprint in Germany. Shares of the hospitality giant are up more than 1.0% on Friday. Hyatt inked a deal with Lindner HotelsHyatt announced a deal with Lindner Hotels to add seven boutique hotels today. Arno Schwalie – the chief executive Lindner said in a press release today: We are thrilled to deepen our successful collaboration and shift into high-growth gear for me and all hotels, backed by Hyatt’s global distribution engine. The Hyatt-Lindner transaction closed ...
Invezz
Londres (AFP) - Les jeunes médecins du secteur public en Angleterre débutent jeudi une onzième grève de cinq jours pour réclamer des hausses de salaire, mettant la pression sur le prochain gouvernement à une semaine des législatives du 4 juillet. Leur syndicat British Medical Association (BMA) avait laissé entrevoir la possibilité d'annuler cette grève en pleine campagne électorale si le gouvernement conservateur de Rishi Sunak s'était engagé à revaloriser le salaire de ces médecins, qui sont près de 70.000 en Angleterre. Il a également prévenu que d'autres grèves pourraient avoir lieu cet été...
AFP (Français)
FedEx Corp. shares surged over 13% in Wednesday’s premarket session following the company’s announcement of significant structural cost reductions for fiscal year 2024. Investors reacted positively to the news, which is part of FedEx’s broader strategic initiative aimed at enhancing efficiency and profitability. Cost-cutting measures by Fedex boost confidenceFedEx revealed that it had reduced $1.8 billion in structural costs for fiscal year 2024. This reduction is a key component of the company’s DRIVE initiative, which aims to achieve a total cost reduction of $4 billion by the end of fiscal ...
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Oslo (AFP) - Le principal fonds de pension de Norvège, distinct du fonds souverain, a annoncé mercredi s'être désengagé du groupe américain Caterpillar en raison du risque d'utilisation de son matériel par l'armée israélienne à Gaza. "Depuis longtemps, Caterpillar fournit des bulldozers et d'autres équipements qui ont été utilisés pour démolir des maisons et des infrastructures palestiniennes afin de faire place à des colonies israéliennes", a dit Kiran Aziz, responsable des investissements responsables au sein de KLP, citée dans un communiqué. "Il a également été allégué que l'équipement de l...
AFP (Français)
FedEx Corp (NYSE: FDX) is gaining sharply in extended hours on Tuesday after coming in ahead of Street estimates for its fourth financial quarter. Shares of the package delivery company are now trading at a year-to-date high. FedEx stock rallies on impressive guidanceFedEx stock is in the green in after-hours also because its management issued upbeat guidance for the future. The multinational now forecasts its per-share earnings to fall between $20 and $22. Analysts, in comparison, were at $20.85. Raj Subramaniam – the chief executive of FedEx said in a press release today: Q4 results reflect ...
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Regis Corp (NASDAQ: RGS) has entered into a “new senior secured credit facility” with the global asset manager TCW Asset Management Company LLC and Midcap Financial Trust. Its shares are up well over 100% on Tuesday. Why does it matter for Regis stock?A $105 million term loan, the company’s press release added, will replace its existing debt and will help lower its outstanding indebtedness by over $80 million. Regis Corp will also get to save roughly $7.0 million in annual cash interest as well on the back of today’s announcement. According to Matthew Doctor – its chief executive officer: This...
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Famed investor Jim Cramer is not all that excited about United Parcel Service Inc (NYSE: UPS) opting to sell its Coyote Logistics business to RXO Inc (NYSE: RXO). Shares of both companies are still up significantly on Monday. Here’s why Cramer is dovish on UPS stockUPS bought Coyote Logistics for about $1.8 billion in 2015. But it’s unloading it to RXO now for $1.03 billion only, as per a press release this morning. The price of the deal announced today did not sit well with the Mad Money host who said on CNBC’s “Squawk on the Street” today: It’s good to see them have some cash in, but you don...
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American Express Company (NYSE: AXP) is in focus this morning after announcing two new acquisitions. Shares of the credit card company have gained more than 25% since their year-to-date low in mid-January. American Express to acquire TockAMEX is buying Tock – a Chicago-based provider of reservation, table, and event management technology for about $400 million. The financial technology company is taking over Tock from Squarespace that acquired it in 2021. Matthew Tucker – the head of Tock said in a press release today: We believe that as part of American Express, Tock will deliver enhanced val...
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Wizz Air (LON: WIZZ) share price crashed by more than 5% on Friday after analysts at Barclays downgraded the stock to sell. It retreated to a low of 2,220p, its lowest level since May 31st and is about 12% below the highest level this year. Barclays downgrade Wizz AirIn a note, analysts at Barclays lowered their target to sell citing the rising competition, falling airfares, and its revenue growth. It also pointed to the ongoing engine issues since the company uses many planes made by Pratt & Whitney. The downgrade came a month after the company published strong revenue and profitability metri...
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Accenture Plc (NYSE: ACN) has lost more than 25% over the past three months but a Deutsche Bank analyst warns against hoping for a swift recovery. ACN does, however, pay a dividend yield of 1.71% at writing. Accenture stock has downside to $295Bryan Keane downgraded the professional services company to “hold” in a recent research note. His $295 price objective suggests about a 3.0% downside from here. The analyst is dovish on Accenture stock as he expects it to continue to face significant obstacles in the near future. A notable shift in ACN’s market position sits right at the heart of his not...
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