April, 2019

• 1 April

  EasyJet falls most in two years as Brexit seen hurting growth

  

  Bloomberg EasyJet Plc dropped the most in more than two years after warning the crucial summer season will be weaker than expected as low-cost airlines feel the brunt of the UK’s political crisis over Brexit and waning consumer demand. Revenue per seat at constant currency fell an estimated 7.4 percent in the first six months of the carrier’s fiscal year, …

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• 1 April

  Buffett’s Delta purchases put him above 10% in error

  Bloomberg Warren Buffett said Berkshire Hathaway Inc’s investment in Delta Air Lines Inc rose above his comfort threshold by mistake. The stake climbed when Delta bought back its own stock and Berkshire increased its holdings, according to regulatory filings this month. “What I didn’t realise was that that purchase had taken us over 10 percent,” Buffett said in an interview …

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• 1 April

  Kellogg to sell Keebler, other brands to Italy’s Ferrero for $1.3b

  

  Bloomberg Kellogg Co agreed to sell its cookies and fruit snack brands including Keebler and Famous Amos to Ferrero SpA for $1.3 billion, as the cereal maker refocusses on the fast-growing parts of its business. The businesses generated sales of about $900 million in 2018, the companies said. The all-cash transaction is expected to close by the end of July. …

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• 1 April

  Apollo targets $1bn for aircraft-finance fund

  Bloomberg Apollo Global Management LLC is seeking to raise as much as $1 billion for a new aircraft-finance fund. The fund, expected to launch this year, would make various aviation investments and have a nine-year term, according to a person with knowledge of the matter, who asked not to be identified because the information isn’t public. Charles V. Zehren, a …

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• 1 April

  Nestle turns to moms after 150 years of selling infant formula

  

  Bloomberg After spending more than a century selling baby formula, Nestle SA realised it’s neglected another potential customer: mom. The Swiss food giant is expanding its offering for expecting and lactating women to add products that it says will help reduce health risks related to motherhood. The business could generate $500 million to $1 billion in 10 years, according to …

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March, 2019

• 31 March

  Ducab group sales rise 7% to reach AED4.8bn

  

  Dubai / Emirates Business As the company commemorates four decades as a leader in the UAE’s manufacturing sector, Ducab announced that its 2018 consolidated group sales rose to AED 4.8 billion, an increase of approximately 7% year on year. Ducab now operates six manufacturing facilities across four sites in the UAE, employing a workforce of over 1,600. Ducab Group now …

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• 31 March

  Eskom’s $2bn plant is defective

  

  Bloomberg One of South Africa’s newest power plants, designed to supply the grid during peak-use periods, is defective and has been limited to operate at lower capacity. The deepest power cuts in more than a decade imposed by cash-strapped, state-owned Eskom Holdings SOC Ltd this month reduced the chances of the continent’s most-industrialised economy posting a stronger recovery from last …

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• 31 March

  Resurgent India bulls look to RBI to keep market rally going

  

  Bloomberg Indian markets have staged an eye-catching comeback in March after taking a drubbing in the first two months of the year, and bulls are salivating at the prospect of more gains. Foreign investors who shunned rupee bonds and stocks in the wake of border skirmishes with Pakistan have returned as tensions eased, with inflows eclipsing those for closely-watched emerging-market …

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• 31 March

  Worst-performing stocks in Ghana as foreigners exit

  

  Bloomberg Ghana’s stocks are the worst-performers globally in the first quarter after a sell-off by foreign investors hobbled the local currency and demand from local institutional investors dried up. The Ghana Stock Exchange Composite Index has lost more than 14 percent this year, making it the laggard in dollar terms among 94 global equities benchmarks tracked by Bloomberg. The index …

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• 31 March

  ECB needs clear monetary policy case for tiering: Knot

  

  Bloomberg The European Central Bank would need a clear monetary-policy reason to consider acting to mitigate the effects of negative interest rates on banks, Governing Council member Klaas Knot was quoted as saying. “There must at least be some evidence that negative rates are disrupting the impact of monetary policy through their effect on bank profitability,” Knot, who is the …

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