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Shares of Seven & i Holdings surged to a two-year high on Thursday after Reuters reported activist investor ValueAct Capital took a stake in the Japanese owner of the 7-Eleven chain, signalling a potential shake-up at the retail giant.
By Reuters Staff (Corrects typographical error in first paragraph) May 13 (Reuters) - Insurer Genworth Financial Inc said on Thursday it had deferred the initial public offering of its mortgage insurance unit, Enact Holdings, citing significant trading volatility in the sector. “Genworth’s Board of Directors determined that current market pricing for the planned offering does not accurately reflect Enact’s value,” Genworth Chief Executive Officer Tom McInerney, said. McInerney said Genworth will continue to evaluate its options as market conditions develop. The listing was proposed af...
Commonwealth Bank of Australia's third-quarter cash profit almost doubled as a rapid economic recovery spurred lending and enabled the country's largest bank to reverse bad debt provisions made during the COVID-19 pandemic.
* Austria to sell 50-year bond, following Italy * Spain to sell 15-year bond * Bond yields rise as investors digest the issuance April 13 (Reuters) - Austria moved on Tuesday to lock in current low borrowing costs with a 50-year bond, hot on the heels of a half-century issue from Italy, while Spain launched 15-year paper. Both deals were placed via bank syndicates, with Austria set to raise 1.75 billion euros and Spain six billion euros, according to lead manager memos seen by Reuters. The Austrian bond and last week’s Italian issue mark a resumption in ultra long-dated, 50-year issuance. A...
* Monde Nissin to offer up to 3.6 bln shares * IPO set to be country’s largest ever * Philippines companies set for large IPOs this year MANILA, March 4 (Reuters) - The Philippines’ Monde Nissin Corp, maker of the ubiquitous Lucky Me! instant noodles, is looking to raise up to 63 billion pesos ($1.3 billion) through an initial public offering (IPO) that is set to be the country’s largest-ever listing. The company’s filing on Thursday comes as the Philippines, a historical laggard in Southeast Asia in terms of fundraising and market activity, is shaping up to be the region’s biggest ...