Results for: Acquisitions

The London Stock Exchange has witnessed a significant outflow of companies in recent times, with a total of £95 billion worth of businesses leaving the exchange so far this year. This trend is driven by a combination of acquisitions and listings moving overseas, leading experts to express concerns about the future of the UK market. The departure of companies from the London market has been attributed to various factors, including relatively low valuations compared to other exchanges, such as New York. Some of the notable companies that have exited or are considering leaving include Anglo American, DS Smith, and potentially Shell. This exodus has raised concerns among city experts, who fear that the London market is losing its competitiveness and attractiveness to investors. As a result, there have been calls for measures to restore the competitiveness of the London market, such as removing stamp duty, reforming pensions, and introducing a British ISA.

Bruker Corporation (BRKR) has made a series of acquisitions in 2023, boosting its sales and growth prospects. The company is now guiding for $3.26 billion in sales in 2024, with organic growth expected to contribute 6%. Adjusted earnings are projected to increase to $2.71-$2.76 per share. These acquisitions have increased Bruker’s leverage ratios to about 3 times, but management believes that the growth opportunities justify the higher debt levels.

Despite a slowdown in sales of AstraZeneca’s (AZN) COVID-19 vaccine, the company has demonstrated significant growth in its core business, with total revenue increasing by 6% and adjusted core EPS jumping by 15% in FY 2024. AZN has a robust pipeline with 178 projects, including 17 new molecular entities in late-stage development. The company’s recent acquisitions and partnerships, such as the acquisition of Icosavax and Gracell Biotechnologies, further strengthen its pipeline and expand its therapeutic areas. Analysts project mid-teens earnings growth for AZN in 2024 and 2025, with net income growth forecast in the range of 9% to 14% annually through this decade. Despite a reasonable valuation, the dividend growth rate may be a limiting factor for some investors.

The Jets have completed their mock draft for the 2024 NFL Draft, prioritizing pass-catchers early on. They acquired the dynamic tight end Brock Bowers and slot receiver Josh Downs in the first two rounds. The defense received attention with the addition of Calijah Carter on the defensive line and Justice Finkley at safety. Audric Estime provides depth at running back, while punter Bryce Williams and quarterback Gentry Milton add special teams and developmental potential.

Italian coffee giant Lavazza has made a €185 million offer to acquire a controlling stake in IVS, one of Europe’s leading vending machine operators. The move is part of Lavazza’s long-term plan to consolidate its presence in the vending market and strengthen its competitive position globally. If successful, the acquisition would result in Lavazza owning 100% of IVS and delisting it from the stock exchange.

David Zaslav, President and CEO of Discovery, Inc., has played a pivotal role in transforming the company from a traditional cable network into a global media conglomerate. Through strategic acquisitions, including the purchase of Scripps Networks Interactive and the historic merger with WarnerMedia, Discovery has significantly expanded its portfolio and global footprint.