PARIS (Reuters) -The head of Qatar-backed investment fund Mayhoola on Friday denied an Italian newspaper report that suggested the fund and Gucci-owner Kering (EPA:PRTP) were considering selling their jointly owned fashion house Valentino. "This news is untrue," Mayhoola chief executive Rachid Mohamed Rachid told Reuters. Kering shares, which have lost more than 60% of their value over the last ...
By Niklas Pollard STOCKHOLM (Reuters) -Swedish defence material maker Saab beat second-quarter operating earnings forecasts on Friday and raised its guidance on expectations of even stronger sales this year as European military spending surges. The news sent Saab’s shares up 6% in early trading. The maker of the Gripen fighter jet said in a statement that operating earnings rose to 1.98 billion ...
Investing.com – Taiwan stocks were higher after the close on Friday, as gains in the Semiconductor, Electronics and Electrical/Machinery sectors led shares higher. At the close in Taiwan, the Taiwan Weighted gained 0.91% to hit a new 3-months high. The best performers of the session on the Taiwan Weighted were Ichia Technologies Inc (TW:2402), which rose 10.00% or 3.90 points to trade at 42.90 ...
Investing.com -- Vend Marketplaces ASA on Friday delivered second-quarter results showing strong EBITDA growth that exceeded expectations, despite mixed revenue performance as the company continues its transformation to a pure-play classifieds business. The Norwegian classifieds company reported Q2 revenue and Adjusted EBITDA that were 1.6% and 13.2% ahead of company-compiled consensus, respective ...