Business

ARK Invest's Wood expects market rotation back to growth stocks

Cathie Wood, founder and CEO of ARK Investment Management LLC, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 13, 2021. REUTERS/Brendan McDermidNEW YORK (Reuters) – Star stock picker Cathie Wood of ARK Invest on Tuesday reiterated her call that slowing economic activity in the United States will […]

Business

Airline SAS says more bondholders back recapitalisation plan

STOCKHOLM (Reuters) – Swedish-Danish SAS (SAS.ST) said on Wednesday that a growing number of bondholders had indicated they backed the debt to equity conversions needed for the airline to move ahead with recapitalisation plans to see it through the pandemic. The airline, part-owned by the governments of Sweden and Denmark, is looking to drum up […]

Business

Competition to heat up among U.S. stock exchanges with new entrants

NEW YORK (Reuters) – Three new U.S. stock exchanges are set to launch by the end of September, vying for market share against incumbents like the New York Stock Exchange and Nasdaq Inc (NDAQ.O), which have benefited from elevated trading volumes during the coronavirus pandemic. Silicon Valley-based Long Term Stock Exchange (LTSE) goes live on […]

Analysis & Comment

Mall operator Hammerson plans rights issue and disposal to ride out crisis

(Reuters) – Debt-laden British Mall operator Hammerson (HMSO.L) is drawing up plans for a possible rights issue and is in advanced talks on the sale of its stake in discount shopping outlets joint venture to help it through the coronavirus crisis, it said on Monday. Hammerson shares, which have plunged 80% this year as the […]

Business

France nears 1-billion-euro crisis fund for aero suppliers: sources

PARIS (Reuters) – French government and industry officials are negotiating a 1-billion-euro, privately led investment fund for small aerospace suppliers in which major manufacturers could invest 200 million euros, people familiar with the proposals said on Wednesday. The scheme mirrors government-backed plans in France to help the automobile sector and comes as the aerospace industry […]