Investing.com -- RBC Capital Markets has initiated coverage on multiple U.K.-listed defense and security technology companies, including Cohort (LON:CHRT), Chemring (LON:CHG), and Qinetiq Group (LON:QQ).Cohort was rated Outperform, supported by its record £650 million order book and strong exposure to naval defense systems, including the Royal Navy’s Ancilia System and submarine sonar contr ...
Investing.com – Australia stocks were higher after the close on Monday, as gains in the Energy, IT and Consumer Discretionary sectors led shares higher.At the close in Sydney, the S&P/ASX 200 rose 0.36% to hit a new 1-month high.The best performers of the session on the S&P/ASX 200 were Iluka Resources Ltd (ASX:ILU), which rose 5.24% or 0.20 points to trade at 4.02 at the close. Meanwhil ...
By Ludwig BurgerFRANKFURT (REUTERS) - Merck (NSE:PROR) KGaA has struck a deal to buy U.S. biotech company SpringWorks Therapeutics for an equity value of $3.9 billion, as the German company seeks to acquire treatments for rare tumours to boost its cancer drugs business.The family-controlled company said in a statement on Monday the purchase price of $47 per share in cash represents an equity val ...
Investing.com-- Shares of BYD Co (HK:1211) dropped on Monday despite the Chinese electric vehicle (EV) giant reporting a 100.4% year-on-year surge in first-quarter net profit, driven by robust EV sales.Profit for the first quarter ended March 31 more than doubled to 9.15 billion yuan ($1.26 billion), the company reported on Friday.Revenue for the quarter rose 36.4% to 170.4 billion yuan.Despite th ...