By Lawrence White LONDON (Reuters) -HSBC said on Thursday that Chairman Mark Tucker will retire by the end of this year, after nearly eight years in the role at Europe’s biggest bank presiding over its dramatic shrinking and navigating of Sino-U.S. tensions. Tucker, the bank’s first ever externally-recruited Chairman, will remain as a strategic adviser to CEO Georges Elhedery, the bank said, a ...
By Anton Bridge (Reuters) -Alimentation Couche-Tard (ACT) and Japan’s Seven & i said they have signed a non-disclosure agreement (NDA) that will give the Canadian company access to the Japanese retailer’s financial data as it seeks a $47 billion acquisition. The move represents progress in takeover talks for Couche-Tard, which operates the Circle-K convenience stores in Canada and the Unit ...
By Jesús Aguado MADRID (Reuters) -Spain’s competition watchdog CNMC approved on Wednesday the proposed acquisition of Banco Sabadell by its larger rival BBVA (BME:BBVA), though the combined lender will have to accept several remedies in its retail banking arm if the long-running hostile takeover bid clears the remaining hurdles. The deal, valued at around 12 billion euros ($13.59 billion) when ...
Investing.com -- HSBC has downgraded United Parcel Service (NYSE:UPS) to Hold from Buy and slashed its price target to $105 from $140 per share. In a note to clients on Thursday, the bank warned that “tariff uncertainties will remain an overhang on UPS’ short-term demand outlook and share price.”While UPS’ first-quarter results were largely in line, HSBC analysts said the posit ...