Stocks
LG Philips LCD, the world's second-largest LCD maker, is struggling to finalize its $2 billion initial public offering (IPO) before the August holiday season due to regulatory issues and concerns over the impact of rising oil prices on the global stock market. The company aims to raise $2
Stocks
At the annual shareholder meeting of Deutsche Bank, Josef Ackermann, the bank's chief executive, faced criticism from dissident investors over the bank's handling of the Postbank initial public offering (IPO). Although large investors were largely satisfied with the 15% rise in dividend and a promise to
Stocks
The French government is launching its latest campaign to attract foreign investors to the country, despite its own citizens showing little interest in investing in partially privatized state assets. The sale of a 35% stake in Snecma, a state-owned aero-engine manufacturer, is expected to raise between €1.6bn and €2bn,
Stocks
Lufthansa, the German airline, has agreed to sell its US catering division, Chef Solutions, to the private equity group Questor. This move is part of the airline's strategy to focus on its core long-haul business. The sale of Chef Solutions, which was valued at an undisclosed price, is
Stocks
Dreamworks' Shrek 2, the highly anticipated sequel to the 2001 box office hit, kicked off the US summer movie season with a bang, generating an estimated $12 million in ticket sales on its first day of release last Wednesday. This impressive opening set the stage for a potentially record-breaking
Stocks
LG Philips LCD, the world's second-largest maker of liquid crystal displays (LCDs), is set to raise nearly $2bn through a record-breaking initial public offering (IPO) in July, doubling its initial target. The stock sale would be the largest IPO in the technology sector this year, highlighting the growing
Stocks
Investors are rediscovering their appetite for restaurant stocks, after a shake-up of the sector left many investors disillusioned. The departure of PizzaExpress and Ask Central has left a void that is being filled by new entrants, such as Urban Dining, and existing players like The Restaurant Group. This shift in
Stocks
Air Canada's effort to keep its restructuring plans on track has taken a significant step forward with the announcement that it aims to nearly double the size of its planned rights offering to C$850m (USD$630m). This move follows the withdrawal of Hong Kong-based businessman Victor Li&
Stocks
Bonton, the Czech entertainment group, has been on a wild ride since its founding in 1990 after the Velvet Revolution. From securing a licensing deal with CBS Records to navigating the challenges of private equity investments, Bonton's story is one of shrewd buyouts, lucky deals, and the difficulties
