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’Snap news
Breaking pre-market news on Thursday,
- Roche raises 2011 earning target — statement.
- Q2 results from Ericsson undershoot — statement.
- Swedbank results top expectations — statement.
- AstraZeneca says FDA approves Brilinta for use in the US — statement.
Snap news
Breaking pre-market news on Tuesday,
- UK still intends to refer News Corp/BSkyB merger to Competition Commission, but will consider remedies from parties — statement.
- Misys posts £161m H1 profit;
Snap news
Breaking pre-market news on Friday,
- Prudential gets approval for Hong Kong listing, outlines AIA/rights issue timetable – statement and statement.
- BP responds to Gulf of Mexico oil spill – statement.
Snap news
Breaking pre-market news on Monday,
-Ferrero confirms does not intend to make an offer for Cadbury – statement.
- Kraft gives more details of its Mix and Match facility, says Cadbury shareholders can elect for 799p cash per shr – statement.
Snap news
Breaking pre-market news on Thursday,
- National Express board plans cash call before end of the year, continues to evaluate Stagecoach offer – statement.
- Credit Suisse reports SFr2.4bn net profit for the third quarter – statement.
Courts to rule on Ericsson’s Nortel win
US and Canadian courts are expected on Tuesday to approve Ericsson’s $1.1bn bid for most of the core wireless assets of Nortel Networks, the Canadian telecoms equipment company operating under Chapter 11 bankruptcy protection.
Sprint forms $5bn Ericsson network deal
Sprint Nextel, the struggling US mobile network operator, is to outsource the management and day-to-day running of its two nationwide networks to Sweden’s Ericsson in a seven-year deal worth between $4.5bn and $5bn,
Sony Ericsson may need rescue
Japan’s Sony and Sweden’s Ericsson are preparing for the possibility of having to secure new financing at Sony Ericsson, their troubled joint venture that manufactures mobile phones. Sony and Ericsson are considering a capital injection,
Not so good to talk: Vodafone crunched
It’s a miniature telecoms crash on Tuesday.
Sweden’s Ericsson has reported a 70 per cent fall in Q2 profit – with declining revenues in its Sony joint venture as the main culprit.
The big story though – and the one dominating the London market this morning – is Vodafone.
CDS report: Ericsson lifts sentiment
Friday saw a string of European companies report decent first-quarter results, cheering credit markets and lowering the perceived riskiness of European corporate debt.
The cost of insuring the debt of Swedish telecoms company Ericsson fell back dramatically after the company reported results that beat the market’s (low) expectations.
Ericsson plunges on more US class-action suits
Three more US law firms have filed class-action suits against Ericsson, intensifying the pressure on the Swedish company as its shares collapsed Wednesday to barely half their value earlier this year. The world’s largest telecoms equipment maker now faces four US suits,
CDS report: Bad call from Ericsson
European credit derivative markets opened weaker on Tuesday after Ericsson, the Swedish telecoms equipment group, reported third-quarter profits down by more than one-third and helped to drag down other technology names.
Alcatel in danger of losing AT&T role
Alcatel-Lucent looks set to lose business with AT&T to its arch-rival Ericsson in a fresh blow to the troubled Franco-American telecoms equipment maker. Under the original terms of a $2bn contract awarded by AT&T in 2004 to Ericsson,
Ericsson makes play for Tandberg Television
Swedish mobile telco Ericsson waded into a bidding war for Norwegian television compressor Tandberg Television on Monday, piling the pressure on current suitor Arris Group of the US. Carl-Henric Svanberg,
Ericsson acquires Redback Networks for $2.1bn
Ericsson has agreed to acquire Redback Networks, a California-based maker of networking equipment, in a $2.1bn cash deal, Marketwatch reported. Ericsson offered $25 per Redback share, an 18 per cent premium to Tuesday’s closing price.