Corporate news

Pioneering pharma CEO The appointment of the head of consumer healthcare as the next CEO of GlaxoSmithKline is a watershed moment for the sector, with Emma Walmsley becoming the first female CEO of a global large cap pharmaceuticals company. The sector has scored surprisingly poorly...
Stocks poised to prosper despite the Brexit gloom: Reckitt, Diageo and Dairy Crest Reckitt Benckiser Reckitt Benckiser is a simple, predictable business. It has until recently been dominated by the differing views on the future of Indivior – its pharma arm. Some analysts argued it is a dead duck, others, a beauty. From experience, businesses...
Ardevora boosted by takeover of ARM Holdings Ardevora Asset Management has profited from its long-term position in ARM Holdings, after the UK chip maker was acquired by Japan's SoftBank for £24.3bn earlier this month. Jeremy Lang, founder and partner of Ardevora, says the team has liked ARM for a long time...
Fagron NV: Disclosure of received notification On 7 July 2016, Fagron received a notification that the shareholding of Alychlo NV and Marc Coucke, a parent undertaking or a controlling person, had crossed the disclosure threshold of 15% on 7 July 2016 as the result of the acquisition of voting securities or...
Dividend Hal at 6,50 euros On May 18, 2016 the proposal to distribute a dividend of € 6.50 per HAL Trust Share was approved. This dividend will be paid in HAL Trust shares unless a Shareholder expressly requested payment in cash by not later than June 13, 2016 (3:00 p.m. CET). In case of...
Lucas Bols reports substantially higher net profit Lucas Bols’s revenue for the financial year ended 31 March 2016 amounted to € 72.6 million, a decrease of 6.5% compared to € 77.7 million in the previous financial year. The impact of currencies was € 0.4 million negative, as the effect of the lower Japanese yen,...
EdenTree: IBM can be active in robot-investing We see a compelling opportunity in software robots and robotic process automation, highlighted by one study showing 47% of US jobs could be automated within the next 10 years. The market leader is Blue Prism. The investment case is that any repetitive task canbe...
Sanlam FOUR: Oracle can repeat Microsoft We continue to have high conviction in the prospects for Oracle , as it manages the migration of customers from license-based revenue to higher margin Software AG as a Service revenue. Oracle is a stable company with a wide economic moat and good management,...
T. Rowe Price positive about Tesla The macroeconomic landscape is challenging at the moment, which is creating headwinds for companies to grow. This puts the impetus on trying to identify companies able to generate their own growth. We see a number of companies with competitive advantages exploiting...
IPO ASR targeted between 18 and 22 euros Stichting administratiekantoor beheer financiële instellingen (NL Financial Investments, “NLFI” or the "Selling Shareholder”), on behalf of the Dutch State, and ASR Nederland N.V. (“a.s.r.”, the “Company”, and together with its consolidated subsidiaries, the “Group”),...
Final dividend Royal DSM The DSM Annual General Meeting of Shareholders passed a resolution on 29 April 2016 to declare a dividend for the financial year 2015 of €1.65 per ordinary share of €1.50 nominal value. An interim dividend of €0.55 per ordinary share having been paid in August...
Bert Meerstadt resigns from Supervisory Board Lucas BolsLucas Bols announces that Bert Meerstadt has decided to resign from the Supervisory Board of Lucas Bols N.V. with immediate effect.
BinckBank buys back 124,414 shares Following the Share Buy Back programme as announced on 19 February 2016 BinckBank announces that it has bought 124,414 shares at an average purchase price of € 6.5130 during the period of 21st March 2016 up to and including 24th March 2016. The definite price will...
Royal Imtech N.V. declared bankrupt by Rotterdam court; Marine and Nordic divisions sold and 7,300 jobs secured; objective to preserve as much as possible other parts of the group Further to its announcement made on 11 August that Royal Imtech N.V. had been granted suspension of payments ('surseance van betaling'), Royal Imtech announces that, upon the request of the administrators, the Rotterdam District Court has declared Royal ImtechN.V....
Court delivers ruling in matter between Delta Lloyd and Dutch Central Bank (DNB) This afternoon, at 5:45 p.m., the court delivered a ruling in open court. The court only pronounced its decision (operative part). It did not go into the reasons underlying its decision. The entire ruling will not be published by the court until Monday, 3 August...