Brexit: UK to hold general elections on Dec 12th

The UK Parliament has decided to have general elections on the 12th December as the Prime Minister Boris Johnson has suggested. The Parliament voted numbers 438-20 that the elections should be on Dec 12th.

According to BBC, the bill is going to the House of Lords and it is expected to become a law by the end of this week.  After that the Parliament is having a five-weeks breaks before the elections.

 

Business Finance

Tiffany: Centerview Partners and Goldman Sachs are financial advisors

Tiffany & Co (TIF) has today made a press release of the takeover bid of the French luxury group LVMH. According to the release, the company says it is carefully reviewing the proposal, which is unsolicited and non-binding.  LVMH Moet Hennessy – Louis Vuitton takeover bid is $120 per share in cash.

– While the parties are not in discussions, Tiffany’s Board of Directors, consistent with its fiduciary responsibilities, is carefully reviewing the proposal, with the assistance of independent financial and legal advisors, to determine the course of action it believes is in the best interests of the Company and its shareholders. Tiffany shareholders need take no action at this time, the company says.

Centerview Partners and Goldman Sachs are serving as financial advisors to Tiffany and Sullivan & Cromwell is serving as Tiffany’s legal advisor, the release states.

LVMH has also published a short stock exchange release saying that according to the market rumours, the French group has made an offer to Tiffany, but the outcome will be seen later.

Finance Business

Brexit: Boris Johnson’s elections rejected

The UK Parliament has rejected the Prime Minister Boris Johnson´s plan for the December 12th elections. He failed to reach the two-thirds majority which was needed.

It is now expected that the Prime Minister will back the Liberal Democrat plan to change the elections earlier, to December 9th. The Labour leader Jeremy Corbyn is also expected to back the earlier elections alhough they have been against all until the no-deal Brexit risk is removed.

 

Business Finance Travel

Apple to launch new AirPods with iQ

Apple_AirPods-Pro_New-Design_102819Apple (AAPL) has today launched new AirPods. According to company, the new AirPods Pro include for example “active noice cancellation” in order to focus better. The products are for sale on Wednesday.
– AirPods are the best-selling headphones in the world. The one-tap setup experience, incredible sound and iconic design have made them a beloved Apple product, the company says in the press release.
The new AirPods Pro have for example these features:
Voice-activated Siri uses the chip to enable hands-free “Hey Siri” to play a song, increase the volume, make a call or get directions. 

Audio Sharing makes it easy to listen to the same song or watch the same movie with a friend by simply bringing a second pair of AirPods close to iPhone or iPad.

– Announce Messages automatically speaks incoming messages as soon as they arrive, and when on a phone call or sharing media via Audio Sharing, Siri knows not to interrupt.

Apple´s shares were up in New York (+ 0,71 %) trading at 248,34 dollars in Nasdaq. The overall Nasdaq-index was showing 1,01 % gain to 8326 points.

Business Tech

Microsoft and Tiffany lifted US stocks in the opening

The tech company Microsoft (MSFT) and luxury company Tiffany (TIF) lifted the US stocks in the opening on Monday. Microsoft´s deal with the Pentagon cloud computing service, the value of over 10 billion dollars, raised the company shares. Microsoft was up 2,23 % and was trading at 143,87 dollars in New York.

The shares of the luxury house Tiffany rose over 30 % in the opening, after the French luxury group LVMH (LVMH) has made 120 dollar a share takeover bid of the US company during the weekend.

Tiffany´s shares opened at 127,65 dollars and was trading at 129,95 dollars after some analysts have raised the target price and upgraded their recommendations. Some market analysts think that Tiffany may get also interest from luxury rivals such as the Swiss Richemont (CFR) and the French Kering ( KER).

Richmond was also trading up, 2,93 % at 77,22 francs in Zurich, while the French Kering was trading down 0,66 % at 510 euros in Paris.

S&P 500 -index traded record high, while Nasdaq and Dow Jones are still some behind from their peaks. S&P 500 -index was up 0,5 % to 3039 points, Dow Jones was up 0,51 % to 2709 points and Nasdaq 0,84 % to 8312 points.

In London, where the Brexit-delay is now granted to the end of January 2020 if needed, the FT-SE 100 -index was trading also up 0,15 % to 7335 points. The UK Parliament will debate today about the elections and the possible days for it.

 

 

Finance Business

Brexit: EU grant extension until January

The EU leaders have agreed to give the UK the Brexit delay until January 31st 2020. According to the decision, the leave could happen also earlier if the UK Parliament has ratified the deal.

The UK MPs are about to vote on Prime Minister Boris Johnson’s general election plan due to December 12 later today. According to BBC, the Labour Party leader Jeremy Corbyn is not supporting the elections until a no-deal Brexit is ruled out.

 

Business Finance