RSS   Newsletter   Contact   Advertise with us

Highlights: April 22 - April 27, 2019

Christian Fernsby ▼ | April 29, 2019
The most interesting business stories that marked the last week.
Highlights
Business week in short  
Saudi Aramco to buy Shell's stake in Saudi refining JV for $631 million

Saudi AramcoThe Saudi Arabian Oil Company (Saudi Aramco) is to acquire Shell Saudi Arabia Refining Limitedís (Shell) 50% share of the SASREF joint venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million....

Thai CPF to acquire Canadian pork producer HyLife for $372 million

Charoen Pokphand FoodsCharoen Pokphand Foods Pcl (CPF), Thailand's largest agriculture conglomerate, said on Monday it would acquire Canadian pork producer HyLife Investments for C$498 million ($372.7 million) to expand its North American business....

New job offers in France highest in 10 years

France factoryRecruitment in France is set to jump sharply in 2019, with more than 2.5million new jobs being created, according to PŰle emploi's annual Besoins de main-díoeuvre survey....

Sudan protesters to Saudi Arabia, UAE: We don't want your money

Sudanese protestersSudanese protesters called on Saudi Arabia and the United Arab Emirates to "keep their money" a day after Riyadh and Abu Dhabi offered to send Khartoum $3 billion aid....

Farmers Bankshares Q1 unaudited earnings increased approximately 50.44%

Farmers BanksharesFarmers Bankshares reported unaudited earnings of $1.4 million, or $0.44 per share for the first quarter of 2019....

ConocoPhillips announces agreement to sell UK subsidiaries for $2.675 billion

ConocoPhillipsConocoPhillips announced it has entered into an agreement to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E and P Limited for $2.675 billion, plus interest and customary adjustments....

Occidental offers $38 billion for Anadarko Petroleum Corporation, topping Chevron

ChevronOccidental Petroleum Corporation delivered a letter to the board of directors of Anadarko Petroleum Corporation....

Murphy Oil to acquire Gulf of Mexico assets from LLOG for $1.38bn

Murphy OilMurphy Oil Corporation announced today that its wholly owned subsidiary, Murphy Exploration and Production Company USA, has entered into a definitive agreement to acquire deep water Gulf of Mexico assets from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings....

Sainsbury and Asda cancel merger plans after CMA report

AsdaThe Competition and Markets Authority (CMA) has published its Final Report on the proposed merger of J Sainsbury and Asda Group resulting in prohibition of the merger....

EDPR to sell stake in 997MW European wind portfolio for Ä800m

EDPREDP Renewables signed a Sale and Purchase Agreement with institutional investors advised by J. P. Morgan Asset Management to sell EDPRís full equity shareholding and outstanding shareholder loans....

10-day break for new emperor may help economy in Japan

Crown Prince NaruhitoJapan's 10-day holiday to celebrate Crown Prince Naruhito's enthronement is expected to give the sluggish economy at least a short-term boost....

Electrolux Q1 profit down 86%

ElectroluxElectrolux reported Friday that its first-quarter income fell 86 percent to 79 million Swedish kronor from 551 million kronor a year ago. Earnings per share fell to 0.28 kronor from 1.92 kronor last year....

AstraZeneca Q1 profit surges on strong sales

AstraZenecaAstraZeneca reported Friday that its first-quarter pre-tax profit surged to $758 million from last year's $374 million. Profit after tax climbed 78 percent to $563 million from last year's $316 million. Earnings per share grew 75 percent to $0.47 from $0.27 a year earlier....

Deutsche Bank Q1 pre-tax profit down 32% to 292 million euros

Deutsche BankDeutsche Bank on Friday reported first-quarter profit before income tax of 292 million euros, after bank levy charges of 604 million euros in respect of the full year 2019 taken in the latest quarter, and down 32 percent from 432 million euros in the year-ago quarter....

Netherlands solar panel capacity up by more than half

Netherlands solar panelThe installed capacity of solar panels in the Netherlands grew by 1,500 to 4,400 megawatt (MW) in 2018....

Exxon Mobil Q1 profit cut almost in half

ExxonMobilExxon Mobil announced earnings for first quarter that dropped from the same period last year.... ‚Ė†


 

MORE INSIDE POST