June, 2022

• 8 June

  Citadel Securities ready for crypto ETFs when regulators approve

  

  Bloomberg Ken Griffin’s Citadel Securities is willing to make markets in exchange-traded funds that hold cryptocurrencies, if the regulators allow it. “We will be ready if and when those products are approved, but we are taking a measured approach,” Kelly Brennan, head of the firm’s ETF group, said in an interview at Bloomberg’s headquarters in New York, adding that the …

  Read More »
• 8 June

  Green deal sparks clash by EU as war squeezes energy

  

    Bloomberg European Union (EU) lawmakers sparred over how to design the bloc’s ambitious climate policies, underscoring the challenge of implementing binding climate-neutrality goals amid a war and unprecedented energy price spikes. Some European Parliament members, predominantly in the Socialist, Liberal and Green political groups, are seeking to further toughen proposals by the European Commission, while others, led by Christian …

  Read More »
• 7 June

  JetBlue boosts Spirit takeover bid ahead of shareholder vote

  

    Bloomberg JetBlue Airways Corp improved its offer for Spirit Airlines Inc, boosting a breakup provision to $350 million and adding an upfront cash payment days before shareholders will vote on a pending buyout agreement with Frontier Group Holdings Inc. The revised offer increases JetBlue’s reverse breakup fee by $150 million and provides for about $164 million payable as a …

  Read More »
• 7 June

  Wizz Air to shut Doncaster base amid ‘travel squeeze’

  

    Bloomberg Wizz Air Holdings Plc said it will shutter its base in Doncaster, England, beginning from Friday after failing to secure guarantees over commercial terms at the airport, where it’s been flying since October 2020. The Budapest-based discount carrier said it will cancel all Wizz UK operations from the hub, known as Doncaster Sheffield, and that pilots and cabin …

  Read More »
• 7 June

  Kohl’s shares increase on talks with Franchise over $8bn bid

  

    Bloomberg Kohl’s Corp shares rose in early trading after the retail chain and Franchise Group Inc said they entered exclusive talks on a potential $8 billion takeover deal. The companies said in separate statements that they entered a three-week exclusivity period to discuss Franchise Group’s offer to buy Kohl’s for $60 a share. Kohl’s shares rose 9% to $45.90 …

  Read More »
• 7 June

  Amazon’s stock split delivers more than bargained for

  

  Bloomberg Stock splits were all the rage early this year as indexes hovered near record highs, with companies from Amazon.com Inc. to Alphabet Inc announcing them to make their share prices more alluring to individual investors. A few months on, the market has taken care of the problem. Amazon is among companies whose stocks have tumbled since the moves were …

  Read More »
• 7 June

  Ryanair orders South Africans to take special quiz to enter UK

    Bloomberg Ryanair Holdings Plc is ordering South Africans traveling to the UK to complete a list of questions in Afrikaans to prove their identity — only one of 11 official languages spoken in the country. Europe’s largest low-cost airline imposed the measure to prevent the use of fraudulent passports, the company said in a statement. “If they are unable …

  Read More »
• 7 June

  Garuda eyes rights issue after creditors’ deal

    Bloomberg PT Garuda Indonesia plans to raise money via a two-stage rights issue, as the indebted airline looks to salvage itself. After the carrier and its creditors come to agreement on its debt, the Indonesian government will inject 7.5 trillion rupiah ($520 million) via a first rights issue, Deputy Minister of State-Owned Enterprises Kartika Wirjoatmodjo told a parliamentary hearing. …

  Read More »
• 7 June

  ECB to herald new policy era with path to fight inflation

  

    Bloomberg The European Central Bank (ECB) will begin a new era of monetary policy this week as officials complete their pivot to confront the threat of inflation running out of control. Armed with new forecasts and with prices rising at a record pace, President Christine Lagarde and her colleagues will end trillions of euros of asset purchases and cement …

  Read More »
• 7 June

  Goldman returns to ESG debt market with $700mn deal

  

    Bloomberg Goldman Sachs Group Inc. raised $700 million in the US investment-grade market to help fund environmental and social initiatives, its first benchmark sustainable-bond sale in over a year. The New York-based lender sold a sustainability bond maturing in five years, according to a person with knowledge of the matter. The self-led deal yields 1.35 percentage points above Treasuries, …

  Read More »