Category: Finance News

Check out the companies making headlines in midday trading: Cardinal Health — The health-care services provider gained 5.5%, hitting a new 52-week high, after Cardinal exceeded fiscal first-quarter earnings expectations and lifted its adjusted earnings outlook for fiscal 2025. The company posted earnings of $1.88 per share, excluding items, on…

Canada’s Alimentation Couche-Tard’s, operator of rival Circle K, has reportedly increased its original bid to acquire Japan’s Seven & i Holdings, owner of rival 7-Eleven convenience stores, after a $39 billion offer was rejected back in early September. The combined entity would bring together more than a hundred thousand shops…

Marco Bello | AFP | Getty Images LONDON — Block, the payments company owned by tech billionaire Jack Dorsey has launched its corporate card service in the U.K. in a bid to deepen its expansion into the country and take on big incumbents like American Express. The firm’s business-focused payments arm,…

ANZ China has appointed Tim Chang as director, corporate finance. Chang (pictured) will based in Shanghai and he will start on November 18 and will be focused on supporting syndicated lending and corporate finance business across China. Since joining ANZ in 2012, Chang has held a number of senior roles…

The Hong Kong Stock Exchange (HKEX) is planning to open an office in Riyadh in 2025. The aim of the new office is to strengthen HKEX’s Middle East presence as the group looks to promote greater connectivity between China and the Middle East. According to an announcement, the new Riyadh…

 BlackRock’s iShares is trying to appeal to investors who want to diversify beyond from the so-called Magnificent Seven. The firm launched the iShares Top 20 U.S. Stocks ETF (TOPT) this month. It doesn’t just hold the Magnificent Seven — Apple, Amazon, Meta, Alphabet, Microsoft, Nvidia and Tesla. It’s made up…

UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverpool, UK on September 23, 2024.  Anadolu | Getty Images LONDON — British tech bosses and venture capitalists are questioning whether the country can deliver on its bid…