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Shares of LVMH Moet Hennessy Louis Vuitton SE (LVMUY) and Christian Dior SA (CHDRY) were gaining around 3 percent and 12 percent, respectively, in Paris after the announcement of LVMH's planned buy out of the luxury brand. In a statement, the companies noted that the Arnault Family Group, which controls...

The U.K. Competition and Markets Authority or CMA Tuesday said it accepted undertakings in lieu of reference to phase 2 in case of the merger between Menzies Aviation and ASIG Holdings Ltd & ASIG Holdings Corp. The undertakings signed by Menzies will come into effect from this date. Earlier in February,...

Boliden AB (BDNNF.PK) Tuesday announced a surge in first quarter revenue to SEK 12.730 billion from SEK 8.849 billion last year. Owing to better metal prices, operating profit for the quarter increased to SEK 2.061 billion from SEK 769 million in the previous year. The global metal company reported...

Continental (CTTAY.PK) announced, for the ongoing fiscal year, the company expects Powertrain sales of approximately 8 billion euros. This projected sales increase of 9 percent would significantly outperform the estimated market growth related to an increasing production rate of light vehicles of just...

Air China Ltd (AIRC.L, AIRYY.PK) reported that its fiscal 2016 profit attributable to equity shareholders of the company declined to RMB 6.81 billion from RMB 7.06 billion in the prior year. On a per share basis, earnings decreased to RMB 0.55 from RMB 0.57 in the previous year. However, EBITDA for...

Stagecoach Group plc (SGC.L) and Virgin Group said they are joining forces with French high speed operator SNCF to bid for the West Coast Partnership rail franchise. The Government has announced that the West Coast Partnership franchise will run from 2019. The franchise will include current West Coast...

German sportswear company Puma AG Rudolf Dassler Sport (PMMAF.PK) reported that its first-quarter net earnings surged 92% to 49.6 million euros from prior year's 25.8 million euros. Earnings per share rose to 3.32 euros from 1.73 euros last year. Operating result, or EBIT, rose 70.1% to 70.2 million...

St. James's Place plc (STJ.L), the wealth management group, issued an update on new business inflows and funds under management for the first quarter ended March 31, 2017. The company reported gross inflow of funds under management of 3.23 billion pounds, up 32 percent from 2.45 billion pounds in...

AIXTRON SE (AIXG) reported that its first-quarter net result was a loss of 13.5 million euros or 0.12 euros per share compared to a loss of 15.5 million euros or 0.14 euros per share, previous year. Adjusted net result before one-time TFOS write downs was negative at 6.9 million euros, for the quarter. First-quarter...

Ericsson (ERIC) reported Tuesday first-quarter net loss of 10.9 billion Swedish kronor or 3.29 kronor per share, compared to profit of 2.1 billion kronor or 0.60 per share a year ago. Adjusted loss per share was 2.42 kronor, compared to prior year's profit of 0.87 kronor. Net sales declined 11...

Volvo Group (VOLVY.PK) reported that its net income attributable to equity holders of the parent company for the first quarter increased to 4.73 billion Swedish kronor from the prior year's 3.77 billion kronor. Earnings per share rose to 2.33 kronor from 1.85 kronor last year. Adjusted operating...

Swiss drug giant Novartis AG (NVS) reported Tuesday that its first-quarter net income declined 17 percent to $1.67 billion from last year's $2.01 billion. Earnings per share fell 18 percent to $0.70 from $0.85 a year ago. Net income declined mainly due to a net charge related to the discontinuation...

French eye-care firm Essilor International SA (ESLOF.PK, ESLOY.PK) reported Tuesday that its consolidated revenue for the first quarter of 2017 increased 10% to 1.96 billion euros from last year's 1.78 billion euros. On a like-for-like basis, revenues grew 2.4%, while constant currency growth was 7%. Revenues...

IBM Corp. (IBM) on Tuesday announced a collaboration with Lanka Bell, a Sri-Lankan telecommunications service provider, to provide cloud services to enterprises, start-ups, developers and government bodies via the IBM Cloud. Under the deal, both companies will jointly market and sell new offerings...

Apple Inc. (AAPL) has hired Jeff Norris, a specialist in the new technology from the National Aeronautics and Space Administration, to help build future products, Bloomberg reported citing people familiar with the matter. Norris founded the Mission Operations Innovation Office of NASA's Jet Propulsion...

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