Global markets live: Alibaba, Citigroup, Tyson Foods, Veoneer, Cisco...

08/09/2021 | 11:34am

Earnings season is coming to an end, and markets are getting quieter. Philip Morris enters into a tug of war with Carlyle for control of the British company Vectura. ByteDance relaunches its IPO project in Hong Kong despite Beijing's pressure on its technology sector. 

 

Main earnings reports. BioNTech, Air Products, Barrick Gold, Tyson Foods, ICA Gruppen, Curaleaf, PostNL...

 

  • Philip Morris has raised its offer for Vectura to GBp 165 per share, compared to GBp 150 initially and a higher bid of GBp 155 from Carlyle.
  • Logitech boss believes a new revenue record is possible in the 2020/2021 financial year.
  • Exact Sciences is reportedly discussing a merger with Invitae, according to Bloomberg.
  • Continental Grain and Cargill are close to buying chicken giant Sanderson Farms for $4.5 billion, according to the Wall Street Journal.
  • Aramco posted $25.5 billion in net income in Q2.
  • PostNL raises its 2021 forecast.
  • Sika strengthens its position in Mexico.
  • ByteDance relaunches its IPO project in Hong Kong despite Beijing's pressure on its technology sector. 
  • Citigroup - National Australia Bank will buy the U.S. bank's Australian consumer business for about $882.24 million, the two groups announced Monday.
  • Berkshire Hathaway said Saturday that many of its businesses were enjoying a strong recovery from the early lows of the pandemic, allowing its revenues and profits to rebound in the second quarter.
  • BioNTech on Monday reported a solid rebound in sales and posted a profit in the second quarter, and now expects, based on current delivery contracts, the COVID-19 vaccine developed with Pfizer to bring in 15.9 billion euros in sales.
  • Tyson Foods raised its annual sales forecast after enjoying strong demand for its beef products, buoyed by a recovery in U.S. restaurant and hotel business.
  • Johnson & Johnson - India has approved the pharmaceutical company's COVID-19 vaccine for emergency use, the health minister said Saturday on Twitter.
  • Alibaba loses about 1% in pre-market trading after the tardiness of the group's actions to address sexual harassment at the company drew criticism from state media, following the firing of a manager accused of sexual assault.
  • Veoneer said Sunday it would begin talks with Qualcomm after the latter's bid for the Swedish supplier last week beat out Magna International's rival offer.
  • Cisco Systems on Friday denied a report by The Information that the group was considering developing a service that would allow companies to switch from private to public data centers.
  • Facebook - U.S. lawmakers on Monday asked the tech giant why it had disabled the accounts of researchers studying political advertising on the platform.

 

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