Burkle loses Barnes & Noble proxy fight
Shares of bookseller drop as Chairman Len Riggio’s re-elected to the board of directors and as shareholders reject attempt to overturn poison pill feeds.marketwatch.com |
Connaught sells gas and electrical services arm to Centrica for £11.2m
The break-up of support services group Connaught has accelerated with the £11.2m sale of its gas and electrical services. telegraph.co.uk |
Financial Stocks: Financials turn negative as B. of A. weighs
The financial sector turns negative as Bank of America’s foreclosure errors weigh on sentiment. Citi shares jump after Goldman Sachs adds the stock to its conviction list and keeps a buy rating. feeds.marketwatch.com |
Banks face big losses after LVMH swoops on Hermes shares
The family behind luxury handbag maker Hermes has denied it was responsible for selling shares to its acquisitive rival LVMH amid mounting speculation that French banks made a hefty loss on the trade. telegraph.co.uk |
Goodbye BA - over 99pc of shareholders vote for merger
British Airways shareholders have overwhelmingly approved the £5.7bn all-share merger with Spanish carrier Iberia in a vote that should lead to the creation of a European airline with almost £12bn of annual sales. telegraph.co.uk |