Chipotle Mexican Grill (CMG) has been serving up big burritos and strong growth for years. It aims to keep on growing through new initiatives like an expansion into Europe and smaller, less costly "A Model" sites in the U.S. The Colorado-based company has opened an eatery in London and expects to unveil one in France next year. Overall, it now has more than 1,000 restaurants, reporting 1,001 as of the second quarter's end. "We believe the
The Lovenox case is weird. It's created foes out of natural allies and twists of logic. And it sets a possible precedent for the future of biotech competition and cost restraint. Lovenox, also known by the generic name enoxaparin, is an injected blood thinner made by France-based megapharma Sanofi-Aventis (SNY). Made from highly processed animal protein, Lovenox is considered by most biopharma observers to be a biologic. The drug is a fast-acting
Fresh off the successful launch of their Lithium Fund (LIT), Global X unveiled the newest addition to its lineup yesterday, the Brazil Financials ETF (BRAF). This fund makes 14 ETFs in total for the New York City based issuer which has a heavy focus on international funds including China sector ETFs and a fund tracking equities in Colombia. The fund is also the third a series of Brazilian ETFs from the company, coming after earlier launches in the consumer sector (BRAQ) and a Mid Cap ETF (BRAZ). These funds offer exposure to the dynamic Brazilian economy which is currently a $2 trillion.....
SINGAPORE: French retailer Casino has hired Deutsche Bank and RBS to advise it on a potential bid for Carrefour's Malaysia, Singapore and Thailand assets, two sources said.
Carrefour has put up its Southeast Asian assets for sale at a potential price of US$1 billion (RM3.19 billion), according to sources with knowledge of the deal. It wants to sell its units in Malaysia, Singapore and Thailand and focus on core markets where it holds leading positions.
Casino "is serious about" bidding for the Carrefour business, said one of the sources with knowledge of the deal.
The sources asked not to be named because the deal is not public.
Casino Group, Deutsche and
PARIS: A consortium led by Hong Kong's richest man Li Ka-shing has made a US$9 billion (US$1 = RM3.19) "irrevocable" offer to take over the British power distribution network of French electricity giant EDF, the French company said yesterday.
If completed, the deal would be the biggest by a Hong Kong entity in Britain.
EDF Energy, the largest electricity supplier in Britain, is owned by EDF, the state-controlled French giant which said in October it had put its three distribution grids up for sale as it tries to reduce debt. EDF group is Europe's biggest electricity producer.
The Hong Kong consortium beat rival offers from a British energy firm and Canadian-Australian-Abu Dhabi consortium, a source close to the deal was quoted as saying by the Dow Jones news wire.
An .....
A group led by Hong Kong's Cheung Kong Infrastructure (CHEUY.PK) is buying Electricite de France's (ECIFF.PK) U.K. power networks unit for £5.8B ($9.1B). EDF is selling the unit to reduce its debt, while CKI is building its overseas investments because of difficulties in expanding in Hong Kong's mature market. Post your comment!
Charles River, Wuxi call off merger. Charles River Laboratories (CRL) and Wuxi PharmaTech (WX) called off their merger agreement following continued opposition from investors and proxy advisory firms. The $1.6B deal would have been the largest foreign takeover of a Chinese company, and would have allowed Charles River to expand in China, where revenue from drug-testing services is growing as much as 30% annually. Instead, Charles River will pay a $30M breakup fee to Wuxi and will begin a new $500M share buyback program. Premarket: CRL +6.4% (7:00 ET).
They say timing is everything and China New Borun Corp (BORN) probably couldn’t have had worse timing for its recent IPO. The offering was completed during a period of market volatility and an environment in which planned IPOs were being postponed or withdrawn altogether. As of June half of the IPOs completed YTD were priced below expectations and BORN was no exception. BORN was initially expected to price in the $12-$14 range during the week of June 7. By mid-week the scaled down price range was $8-$9 and it finally priced on June 11 at $7. The shares sold off following the offering before recently stabilizing and finding support at around $5.
"Eurozone mortgage borrowing grew last month at the fastest pace in almost two years in a sign that bank lending across the 16-country region may be flickering back to life. Lending for house purchases rose at an annual rate of 3.4 per cent in June – the fastest since September 2008, according to European Central Bank data published on Tuesday. The acceleration pointed to a revival in consumer confidence and an increased willingness by banks to fuel the economic recovery with loans to the private sector."
So is this really the good news it seems to be? Well the answer is (as usual) yes and no. The problem is that behind the positive aggregate data lie the individual national details (you know, the place where.....
HELLERUP, Denmark, July 30, 2010 /PRNewswire/ -- Saxo Bank, the
specialist in trading and investment, has more than Team Saxo Bank to
celebrate following the 2010 Tour de France.
With Andy Schleck as team leader, the Saxo Bank team won four stages, the
youth competition and finished in seco
PARIS, July 30, 2010 /PRNewswire-FirstCall/ -- CNP Assurances, the
leading personal insurer in France with operations in the rest of Europe and
in South America, has announced its premium income and results for the first
six months of 2010.
First-Half 2010 Highlights
- Premium income u
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