European stocks finished higher on Wednesday after a bumper day of earnings, while investors awaited news from a two-day policy meeting of the U.S. Federal Reserve.» Read More
Feb 17- Fairfax Financial Holdings Ltd, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit Plc for about $1.88 billion to become one of the top five underwriters on the Lloyd's of London market. Brit shareholders will receive 305 pence per share in cash, comprising 280 pence in cash and an expected dividend of...
Feb 16- Fairfax Financial Holdings Ltd, a Canadian property and casualty insurer, said it would buy Brit Plc, a specialty insurer and reinsurer, for about $1.88 billion to gain a significant presence in the Lloyd's of London market. Investor Prem Watsa- led Fairfax said it has received hard irrevocable undertakings to accept the offer from entities managed by...
Feb 16- Canada's Fairfax Financial Holdings Ltd said it would buy Brit Plc, a specialty insurer and reinsurer, for about $1.88 billion to have a significant presence at Lloyd's of London. Brit shareholders will receive 305 pence in cash per share, including any final dividend for the year ended Dec. 31. Fairfax Financial said it has received hard irrevocable...
European shares overcame a day of fluctuations to close higher on Wednesday, amid speculation over the results of an upcoming bank stress test.
Britain's top bosses earn 143 times their average employee's wage, a report has revealed, amid growing anger over inequality and CEO pay.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
A huge merger between tobacco giants Reynolds American and Lorillard will see electronic cigarette leader blu go to another company.
Reynolds American's purchase of Lorillard has plenty of benefits for the rival U.S. firms, but the real winner is British American Tobacco.
Reynolds American and Lorillard are agreeing a complex merger that will reshape Big Tobacco, bringing together the two biggest US operators.
Sources told CNBC that a Lorillard and Reynolds American merger is weeks away, although the companies have not fully negotiated terms.
European shares closed slightly up on Thursday, after wavering throughout the day on mixed manufacturing and services data.
European shares closed lower lower on Monday with basic resources stocks weighing heavily on bourses after weak data from China.
A merger between Reynolds American and Lorillard would have benefits in their domestic market. It could also kick off more deals overseas.
Tobacco companies that split apart to protect investors from litigation may consider reuniting, especially BAT and Reynolds American.
British American Tobacco will soon be free to build on its 42 percent stake in Reynolds American Inc. But bankers say British American could also take interest in U.K. rival Imperial Tobacco Group if it can overcome antitrust hurdles in Europe. CNBC's John Jannarone explains.
A court ruling to restrict the sale of e-cigarettes in France this week could knock the nascent e-cigarette industry off course.
European equities closed higher on Thursday on euro zone data and a positive handover from Wall Street boosting investor sentiment.
U.S. stock index futures signaled a sharply lower open Wednesday, amid worries over financial conditions in China and as investors digested a mixed bag of corporate earnings.
Traditional tobacco companies need to adapt to the rise of electronic cigarettes - or e-cigarettes - ahead of the product becoming regulated in the U.K., according to an analyst at Berenberg Bank.
TheStreet.com looks at some of the worst positioned stocks from a technical analysis standpoint. For investors looking to buy one of these names, it makes sense to wait for more favorable technical conditions (and a lower share price) before piling in, the writer argues.