Latest News on private equity markets

Italy's Triboo starts selling Chinese COVID-19 antibody tests

Italian digital services company Triboo said on Thursday it had started selling antibody tests for Covid-19 produced by China's SOBC Outdo Biotech, as Italy draws closer to easing the lockdown measures imposed to tackle the coronavirus outbreak.



5 years ago

Adidas plans a multi-billion bond to replace state loan: Manager Magazine

German sportswear firm Adidas plans a multi-billion euro bond so that it no longer needs the state-backed loan it agreed to take earlier this month to help it get through the coronavirus crisis, Manager Magazine reported on Thursday.



5 years ago

Hyundai sees limited China recovery and dismal virus-hit sales elsewhere this year

South Korea's Hyundai Motor Co said on Thursday it expects only a modest recovery in Chinese auto demand and weak sales elsewhere this year after the coronavirus pandemic caused first-quarter vehicle sales to tumble 18%.



5 years ago

Pernod Ricard sales hit by coronavirus, share buyback halted

French spirits maker Pernod Ricard said on Thursday it was suspending a share buyback of up to 500 million euros ($541 million) and keeping a tight grip on costs in response to the coronavirus epidemic that cut third-quarter sales by 14.5%.



5 years ago

Ryanair must be clearer about full ticket price: EU court

Ryanair must indicate the full price of the ticket when it displays offers on its website, the EU's top court said on Thursday.



5 years ago

Oil rallies on Gulf tensions and output cuts

Oil rose on Thursday, spurred by rising tensions in the Middle East, output cuts by producing nations to tackle oversupply and the promise of more government stimulus to ease the economic pain of the new coronavirus pandemic.



5 years ago

Zoom users top 300 million as ban list grows

Zoom video conferencing app's user base grew by another 50% to 300 million in the last three weeks, as the company fought to quell a backlash around security and safety that has seen a number of governments and firms ban its applications.



5 years ago

Sweden's Volvo hit by cancelled orders as pandemic creates 'new normal'

Sweden's AB Volvo on Thursday warned of stalling truck orders and a challenging adjustment to a "new normal" of feebler demand after reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales.



5 years ago

U.S. House to pass nearly $500 billion more in coronavirus relief

Hundreds of members of the U.S. House of Representatives will gather in Washington on Thursday to pass a $484 billion coronavirus relief bill, bringing the unprecedented total of funds approved for the crisis to nearly $3 trillion.



5 years ago

Renault seeks state-backed loan as coronavirus crisis drags on

Renault is in talks with the French government to secure a state-backed loan worth several billion euros by mid-May to shore up its liquidity during the coronavirus pandemic, the French carmaker said on Thursday.



5 years ago

Eli Lilly reports 15% rise in quarterly sales

Eli Lilly and Co reported a 15.1% rise in first-quarter sales on Thursday, boosted by higher sales of its top-selling diabetes drug Trulicity and also benefiting from customers stockpiling its medicines amid the coronavirus pandemic.



5 years ago

With reopenings in U.S. South, some merchants lay out welcome mat, others fearful

Angie Bullman plans to reopen her suburban Atlanta hair salon on Friday after closing a month ago to comply with state orders. She and her co-owner husband, also a stylist, are already fully booked for the weekend.



5 years ago

Target's online sales skyrocket as shoppers stock up from their homes

A surge in digital sales for U.S. retailer Target Corp in March and April offset the bulk of damage done by coronavirus lockdowns to in-store sales, but its margins continue to suffer along with profitability from the costs of adjusting, it said on Thursday.



5 years ago

NBCUniversal launches shoppable ads to help retailers hurt by coronavirus

Comcast Corp's NBCUniversal said on Thursday it aims to help retailers that have been forced to shut down amid the pandemic through new ecommerce tools that will let people buy products directly from NBC's content.



5 years ago

UniCredit appoints Hecker as global head of equity capital markets

UniCredit has appointed Jana Hecker, formerly at Deutsche Bank, as its global head of equity capital markets (ECM), Italy's biggest bank said on Thursday.



5 years ago