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Mozambique's President Filipe Nyusi is heading for a landslide victory in elections, according to a preliminary estimate by an observer group on Monday, in a contest the opposition claims has been tarnished by "mega fraud". Based on data from almost 2,500 polling stations out of a total of more than 20,000, the the Electoral Institute for Sustainable Democracy in Africa (EISA) estimates Nyusi will win 70.9% of the vote. Perceived fraud and an unhappy Renamo threaten a fragile peace accord signed just months ago between its presidential candidate, Ossufo Momade, and Nyusi....
Søren Nielsen has been the CEO of Demant A/S (CPH:DEMANT) since 2017. This report will, first, examine the CEO......
European shares edged lower on Tuesday as talk of progress in China-U.S. trade talks was offset by mixed corporate earnings, while sterling retreated ahead of another vote on Brexit. The broad European STOXX slipped 0.3%, and MSCI's world equity index, which tracks shares in 47 countries, was flat at 0.02% lower....
(Bloomberg) -- Naspers spinoff Prosus NV swooped in with a 5 billion pound ($6.5 billion) bid for U.K. food delivery company Just Eat Plc, challenging an agreed combination with Takeaway.com NV.Prosus has offered 710 pence a share in cash, valuing Just Eat at about 4.9 billion pounds, the company said in a statement on Tuesday. Just Eat said it has rejected the offer.Takeaway’s original all-stock offer valued Just Eat’s shares at about 731 pence apiece. Since the bid, Takeaway’s shares have declined. As of Monday’s close, the original offer values Just Eat at about 595 pence per share.The bid “provides Just Eat shareholders the certainty of an all-cash offer,” Prosus said. The company said it had approached Just Eat’s board and failed to reach an agreement.Just Eat shares jumped as much as 24% on the news in London on Tuesday, the most since July, when Just Eat agreed to sell itself...
(Bloomberg) -- GNC Holdings Inc.’s Chinese investor, Harbin Pharmaceutical Group Co., is considering a potential bid to take the U.S. vitamin and supplement retailer private, people with knowledge of the matter said.The Chinese company has been speaking with potential advisers about an offer for GNC, the people said, asking not to be identified because the information is private. Shares of GNC have lost more than half their value over the last year, giving the company a market capitalization of $176 million. It had nearly $900 million of debt at the end of June, according to a recent investor presentation.Harbin Pharmaceutical is already an existing investor in GNC, agreeing last year to buy $300 million of convertible preferred shares that would make it the U.S. firm’s biggest shareholder if they’re all exercised. The two companies also recently started a Chinese e-commerce joint venture.Any transaction would mark a rare U.S. acquisition by a...
EUR/USD settled slightly lower on Monday to end a four consecutive day rally. The pair is seeing some mild selling pressure and is nearing an important support confluence....
European shares fell on Tuesday as investors sifted through a mixed bag of corporate earnings and eyed latest developments on U.S.-China trade talks and Britain's progress towards some form of orderly departure from the European Union. British household goods maker Reckitt Benckiser was the biggest drag on STOXX, slipping to its lowest level in more than one-and-a-half years after it cut full-year sales forecast for the second time this year. "We've had a disappointment from Danone last week and Reckitt-Benckiser today on the consumer side," said Mark Peden, investment manager, equities at Kames Capital....
