Grifols shares plunge after reports Brookfield considering dropping the takeover

Investing.com — Shares of Grifols (BME:GRLS) tanked over 13% on Wednesday after Brookfield, a Canadian investment firm, dropped its plan to buy Spain’s Grifols following disagreements over the pharmaceutical company’s valuation, Reuters reported on Wednesday Earlier this month, on November 19, Brookfield made a non-binding offer to purchase Grifols, valuing the human plasma-based drug developer…

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Frontline shares dive 12% on profit slump

Investing.com — Frontline’s (OL:FRO) (NYSE:FRO) stock price took dropping over 12%, following its third-quarter 2024 financial results.  The company reported a year-over-year decrease in net profit for the quarter, with net income falling to $60.5 million, compared to $187.6 million in the same period of 2023.  This marks a near 70% drop in profitability, despite an…

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Black Friday upside for UK retailers – Barclays

Investing.com – Black Friday, the day after the US Thanksgiving holiday, is usually regarded as the start of the US holiday shopping season. However, Barclays (LON:BARC) BARC also sees upside for UK retailers from a strong quarter. “Historically, we find that Black Friday has catalysed abnormal excess return for the FTSE All Retailers index. For…

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JPMorgan upgrades Mexican equities on U.S. growth, downgrades Brazil

(Reuters) – JPMorgan upgraded Mexican equities to “overweight” from “neutral” on the back of strong U.S. growth, but cut Brazilian equities citing slower growth in China amid emerging pressures from President-elect Donald Trump’s tariff policy. “Good US growth continues to support Mexican consumers through remittances, at the same time that a weaker MXN increases the…

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Pets at Home shares plunge on weak outlook

Investing.com — Shares in Pets at Home Group Plc fell sharply by more than 10% on Tuesday following the release of its FY25 interim results.  The company reported subdued market conditions that are expected to persist into the second half of the financial year, dampening near-term growth expectations. “Pets at Home has reported its H1…

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