Sunday, December 22

Tag: share buybacks

Carmakers Are Drowning in Cash
29Dec By adminNo Comments
Money

Carmakers Are Drowning in Cash

Most carmakers are ending the year with lots of cash and lots of worries. Share buybacks are an antidepressant, not a cure, but they are better than nothing.It has been a highly profitable year for the traditional car industry. Production recovered following the microchip-related supply constraints of 2021 and 2022. Having previously been starved of inventory, consumers and fleet owners bought new vehicles despite higher interest rates. Globally, sales are on track to rise 10% this year, according to forecasting firm GlobalData.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Legal Hurdles Stack Up for Gensler’s SEC
12Dec By adminNo Comments
Money

Legal Hurdles Stack Up for Gensler’s SEC

Dec. 12, 2023 12:39 pm ETWASHINGTON—Gary Gensler is facing a growing number of legal challenges as the Securities and Exchange Commission chair moves forward with wide-reaching efforts to squeeze Wall Street for the benefit of investors and companies.A group of hedge funds sued the SEC on Tuesday in hopes of overturning a pair of recent rules requiring more disclosures around short selling and securities lending. The case was filed in the same conservative appeals court that looks set to kill another SEC rule aimed at getting investors more information about public companies’ share repurchases.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback
10Dec By adminNo Comments
Money

Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback

Updated Dec. 10, 2023 12:38 pm ETCigna abandoned its pursuit of a tie-up with Humana that would have created a roughly $140 billion giant in the health-insurance industry.The companies couldn’t come to agreement on price and other financial terms, according to people familiar with the matter. In the near term, Cigna is turning its focus toward smaller, so-called bolt-on, acquisitions.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback
10Dec By adminNo Comments
World

Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback

Updated Dec. 10, 2023 12:38 pm ETCigna abandoned its pursuit of a tie-up with Humana that would have created a roughly $140 billion giant in the health-insurance industry.The companies couldn’t come to agreement on price and other financial terms, according to people familiar with the matter. In the near term, Cigna is turning its focus toward smaller, so-called bolt-on, acquisitions.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Meituan Plans Share Buyback Valued at Up to $1.0 Billion
29Nov By adminNo Comments
World

Meituan Plans Share Buyback Valued at Up to $1.0 Billion

Updated Nov. 28, 2023 10:25 pm ETMeituan, a China-based shopping-and-delivery platform, plans to buy back its shares valued up to $1.0 billion, a day after announcing solid third-quarter results.The company said shares will be repurchased from the open market starting Dec. 1.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stellantis Repurchases $1.02 Bln Shares From Dongfeng Motor
23Nov By adminNo Comments
World

Stellantis Repurchases $1.02 Bln Shares From Dongfeng Motor

Stellantis has bought back 50 million common shares from Dongfeng Motor International valued at 934 million euros ($1.02 billion).The maker of Jeep, Dodge and a dozen other brands said late Wednesday that it will cancel the shares from the Hong Kong-based company, a subsidiary of China’s Dongfeng Motor Group Company. Stellantis has a joint venture with the parent company.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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LSEG to Return $1.24 Bln via Share Buybacks During 2024; Sets Medium-Term Targets
17Nov By adminNo Comments
World

LSEG to Return $1.24 Bln via Share Buybacks During 2024; Sets Medium-Term Targets

London Stock Exchange Group plans to return 1 billion pounds ($1.24 billion) to shareholders via buybacks over next year and has set a target to grow organic revenue mid-to-high-single digit annually, accelerating after 2024.In a statement on its website as part of its capital markets event, the stock-exchange and financial-information company said that it expects underlying earnings before interest, taxes, depreciation and amortization margin to increase over time, and for capital expenditure to fall to high-single-digit percent of revenue.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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AB Foods Sees Strong Primark Margin Recovery, Launches Buyback 
7Nov By adminNo Comments
World

AB Foods Sees Strong Primark Margin Recovery, Launches Buyback 

Updated Nov. 7, 2023 3:18 am ETAB Foods said it will provide further returns to shareholders after its fiscal 2023 profit rose, and that it expects fashion retailer Primark’s margins to substantially recover on the back of easing costs.The British conglomerate said Tuesday that it aims to buy back 500 million pounds ($617.1 million) in shares over the next 12 months. In October the group completed a GBP500 million buyback program.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Westpac Announces Buyback, Raises Dividend Following Strong Results
6Nov By adminNo Comments
World

Westpac Announces Buyback, Raises Dividend Following Strong Results

SYDNEY—Westpac said its annual net profit rose by 26% underpinned by growth in key divisions, with the company launching a 1.5 billion Australian dollar (US$980 million) share buyback and increasing its dividend.Westpac, one of Australia’s major banks, said its net profit totaled A$7.2 billion in the 12 months through September. That was in line with analysts’ expectation of a full-year net profit of A$7.21 billion, according to FactSet’s consensus estimates.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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