Tokyo Gas Shares Rise Sharply After Elliott Builds Stake

Activist investors, once shunned by Japanese management, have become increasingly prominent in the Japanese market.

Business - The Wall Street Journal - 5 hours ago

Elliott Management bets on Japan property with 5% stake in Tokyo Gas

US activist investor plans to push Japanese company to offload some of its $9bn real estate portfolio

World - Financial Times - Yesterday

Elliott’s Tokyo Gas property push should not get Lost in Translation

With Japan’s hotel market booming, now would be a good time for the group to consider selling the Park Hyatt Tokyo

World - Financial Times - 1 hour ago

The US consumer is fine (but no better)

Aggregates conceal a lot

World - Financial Times - 7 hours ago

Elliott pushes to break up Honeywell after taking $5bn stake

US activist investor wants to split the conglomerate’s aerospace and automation businesses

Business - Financial Times - November 12

Shapiro's 2028 prospects rise sharply after Harris defeat

Pennsylvania Gov. Josh Shapiro (D) is being floated as a future standard-bearer for Democrats following the party’s stunning nationwide defeat on Election Day. Shapiro, who made it to the final ...

Politics - The Hill - November 13

Nissan shares jump after activist investor takes stake

Hedge fund Effissimo Capital is known for high-profile campaigns against big Japanese companies

World - Financial Times - November 12

Tokyo Metro shares surge 45% on debut after Japan's largest IPO in six years

The IPO offered 2.32 billion shares for a price of 1,200 yen apiece, valuing the offering at 348.6 billion yen ($2.3 billion)

Business - CNBC - October 23

Tokyo Metro Shares Surge in Trading Debut

The initial public offering by the operator of subways in Tokyo is the largest since SoftBank Corp.’s $21 billion IPO in 2018.

Business - The Wall Street Journal - October 22

Snap shares jump after results come in better than expected

Shares of Snap Inc. rose after hours on Tuesday after the social-media platform reported third-quarter results that beat expectations and said its board authorized a stock buyback of up to $500 ...

Business - MarketWatch - October 30

Sage shares surge 19pc as UK software group launches buyback

Financial software provider announces plan for £400mn share buyback and raises dividend

World - Financial Times - 3 hours ago

Adnoc Gas Expects Earnings Boost From Rising Gas Demand

Adnoc Gas, one of the world’s biggest natural-gas producers, targets a jump in earnings by 2029 as it boosts supply to capitalize on growing demand for gas.

Business - The Wall Street Journal - November 11

U.S. economy’s secret weapon, productivity, rises sharply again

One of the biggest drivers of a strong U.S. economy, worker productivity, showed another healthy gain in the summer and early fall, in a good omen for the current expansion.

Business - MarketWatch - November 7

Chinese Car Sales Rise Sharply on Subsidies, Robust Demand

The National Day holiday in early October, combined with a rally in Chinese equity markets, may have also supported consumer sentiment.

Business - The Wall Street Journal - November 8

What Trump's return to the White House could mean for global bond yields

It is thought that Trump's pledge to introduce tax cuts and steep tariffs could boost economic growth — but widen the fiscal deficit and refuel inflation.

Business - CNBC - 6 hours ago

UK inflation surges above Bank of England's 2% target, curbing December rate cut expectations

The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.

Business - CNBC - 3 hours ago

Assisted dying: caution and compromise may end in dissatisfaction

Politicians who support a law change in principle may still vote against the bill that currently falls short

World - Financial Times - November 12

Tokyo Metro Shares Soar in First Day of Trading for Century-Old Subway

Tokyo Metro had raised over $2 billion in one of Japan’s largest initial public offerings in years.

Business - The New York Times - October 23

Tokyo Metro shares surge 45% on first day of trading

Tokyo Metro ‘s float on the Tokyo Stock Exchange marked Japan’s largest initial public offering since SoftBank’s ¥2.65 trillion listing in 2018

Business - MarketWatch - October 23

Activist investor Elliott Management has $5 billion Honeywell stake, seeks breakup

Activist investor Elliott Management has a $5 billion-plus stake in Honeywell and is pushing the company to break itself up into two businesses.

Business - CNBC - November 12

Tokyo Metro rises 45% on debut in Japan’s biggest IPO since 2018

Underground railway network has raised $2.3bn in heavily oversubscribed listing

World - Financial Times - October 23

Shanghai, Tokyo, New York, Houston spew most greenhouse gas of world cities

Environmental advocates released reports Friday decrying fossil fuel industry influence at these climate talks in Baku, Azerbaijan, called COP29

Tech - ABC News - 4 days ago

Expedia shares rise after company raises full-year outlook, citing progress abroad amid travel-demand concerns

Shares of Expedia Group Inc. rallied after hours on Thursday after the travel-booking platform boosted its full-year outlook, helped by consumer demand and growth in advertising and its segment ...

Business - MarketWatch - November 8

Alibaba posts profit beat as China looks to prop up tepid consumer spend

The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.

Business - CNBC - 4 days ago

Military officials reportedly discuss how to handle illegal orders from Trump – live

Pentagon officials discuss what to do if Trump were to attempt to deploy the military domestically, CNN reports. Nancy Pelosi says Biden’s delay in exiting race blew Democrats’ chances ...

World - The Guardian - November 9

UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing

Taxes rise as chancellor delivers the first Labour budget since 2010

Business - Financial Times - October 30

Samsung shares rise on ‘desperate’ buyback plan

First repurchases in seven years are aimed at boosting stock and may help avoid margin call for founding family

World - Financial Times - 2 days ago

Fears New York buildings’ deadly toll on migratory birds could be on the rise

Annual bird survey suggests ‘particularly bad’ autumn on key migration route through city’s brightly lit skyscrapers. As fall bird migration nears its end in New York City, a troubling trend may ...

World - The Guardian - November 10