Manipal Health Enterprises Pvt. , which runs the Manipal Hospitals chain, is set to begin formal marketing as early as next week for its planned initial public offering to raise more than $1 billion, according to people familiar with the matter. The Temasek Holdings Pte. -backed company is targeting a valuation of about $12 billion during two weeks of meetings with domestic and international inves...
Manipal Health Enterprises Pvt. , which runs the Manipal Hospitals chain, is set to begin formal marketing as early as next week for its planned initial public offering to raise more than $1 billion, according to people familiar with the matter. The Temasek Holdings Pte. -backed company is targeting a valuation of about $12 billion during two weeks of meetings with domestic and international investors, the people said, asking not to be identified because the information is private. Deliberations are ongoing and details of the offering including its size and timing could still change, the people said. A representative for Manipal Hospitals didn’t immediately respond to requests for comment. Indian equity markets are gradually recovering from recent declines linked to geopolitical tensions in the Middle East, alongside government efforts to stabilize the fiscal outlook. Manipal Hospitals filed its draft prospectus with India’s market regulator in March. The proposed share sale includes a secondary offering of as many as 43.23 million shares, or about a 3.66% stake, by existing investors, as well as a fresh issue of shares worth about 80 billion rupees ($960 million), according to the filing. Selling shareholders in the secondary portion include TPG, Temasek, Ammar Sdn. Bhd., Novo Holdings Invest Asia, Phoenix Bear Investments LLC, Seventy Second Investment Company LLC and Manipal Education and Medical Group India Pvt. Ltd. For the latest news on equity capital markets activity in the Asia-Pacific region, follow the channel or visit NI BFWECMAS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . The company is working with advisers including Kotak Mahindra Capital Co., Axis Bank Ltd., and the local units of Goldman Sachs Group Inc., JPMorgan Chase & Co., Jefferies Financial Group Inc., UBS Securities and DBS Bank Ltd. on the potential listing, according to the prospectus.
Teekay ( TK ) declares $1.00/share special dividend . Payable June 2; for shareholders of record May 26; ex-div May 26. See TK Dividend Scorecard, Yield Chart, & Dividend Growth. More on Teekay Teekay Corporation: Time To Rotate Into Teekay Tankers (Rating Downgrade) Teekay Corporation Ltd. (TK) Q4 2025 Earnings Call Transcript Teekay Corporation Ltd. 2025 Q4 - Results - Earnings Call Presentation...
Teekay ( TK ) declares $1.00/share special dividend . Payable June 2; for shareholders of record May 26; ex-div May 26. See TK Dividend Scorecard, Yield Chart, & Dividend Growth. More on Teekay Teekay Corporation: Time To Rotate Into Teekay Tankers (Rating Downgrade) Teekay Corporation Ltd. (TK) Q4 2025 Earnings Call Transcript Teekay Corporation Ltd. 2025 Q4 - Results - Earnings Call Presentation VLGC rates hit record highs as Hormuz shutdown reshapes global LPG trade flows Strait of Hormuz oil tanker traffic blocked after Israeli strikes, Iranian media says
Two India-bound vessels laden with cooking fuel from the Persian Gulf appear to have transited the Strait of Hormuz, making them the latest to exit despite continued restrictions from the US and Iran. One of the liquefied petroleum gas carriers, Symi , emerged in the Gulf of Oman on Thursday after turning off its transponder, with the other — NV Sunshine — went dark just after making it through th...
Two India-bound vessels laden with cooking fuel from the Persian Gulf appear to have transited the Strait of Hormuz, making them the latest to exit despite continued restrictions from the US and Iran. One of the liquefied petroleum gas carriers, Symi , emerged in the Gulf of Oman on Thursday after turning off its transponder, with the other — NV Sunshine — went dark just after making it through the strait. The two passages take the number of large ships carrying oil, fuel and gas that have made it through Hormuz since Sunday to nine. That’s an increase from recent weeks and comes despite a deadlock in negotiations to end the war. A growing number of Persian Gulf exporters are managing to get their cargoes out. Abu Dhabi National Oil Co. is among those that have been shipping fuel on vessels moving through the strait without broadcasting their locations. The NV Sunshine, which loaded LPG at the United Arab Emirates’ Ruwais refinery, last transmitted its location east of Iran’s Larak Island early on Thursday, signaling it was headed to Mangalore in India, ship-tracking data show. The Symi is transporting fuel from Qatar’s Ras Laffan to Kandla in western India. Read More: Aramco, Adnoc Sneak Oil Through Hormuz as Iran Menaces Strait The other seven vessels that have recently made it through the strait include two more with LPG, four very large crude carriers and one liquefied natural gas tanker. Some are still inside the US blockade line that runs from Rad al Hadd in Oman to the Iran-Pakistan border. The Agios Fanourios I, a Vietnam-bound supertanker laden with Iraqi crude, is currently idling in the Gulf of Oman after having been turned around by the US Navy. Sailing past it on Thursday was the Chinese tanker Yuan Hua Hu, which has crossed the American blockade line, with Japan’s Eneos Endeavor trailing behind it very near the line. Another VLGC, the Tara Gas that was known to have dabbled in the Iranian trade, also recently crossed the US line, heading in the directi...
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"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Beijing and Tokyo with Haidi Stroud-Watts and Shery Ahn, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
London office leasing bounced back from Covid-era lows, with tenant floor-space expansions reaching a six-year high on rising demand from finance and professional services firms, according to broker Cushman & Wakefield . Businesses took up 9.6 million square feet of space across the UK capital last year, of which net additional area leased by existing tenants for expansion accounted for roughly 40...
London office leasing bounced back from Covid-era lows, with tenant floor-space expansions reaching a six-year high on rising demand from finance and professional services firms, according to broker Cushman & Wakefield . Businesses took up 9.6 million square feet of space across the UK capital last year, of which net additional area leased by existing tenants for expansion accounted for roughly 40%, data compiled by Cushman showed. Banks and other finance firms made up for almost a third of the total space taken as hedge funds such as Squarepoint Capital grew their operations. “We are generally seeing occupiers choose London and double down because of what it has to offer,” said James Campbell , head of London office leasing at Cushman. The surge in demand is coming at a time when the city is facing a dearth of high-quality office space after years of uncertainty linked to Brexit, the pandemic and rising interest rates discouraged development. The conflict in the Middle East isn’t likely to improve supply any time soon, as builders face the risk of higher construction costs. That means competition could get fierce with some financial and professional services firms jostling with a slew of artificial intelligence companies for the best space. Anthropic and OpenAI are among firms that are expanding in London. “The growth of AI is going to have an impact on all the other sectors because of their ability to make decisions quickly and choose the buildings they want,” Campbell said. Next year could see more financial occupiers taking space in London. Jane Street Group is set to almost double its footprint, while Bank of America Corp. and BlackRock Inc. have also been looking for new space.
The U.S. has cleared around 10 Chinese firms to buy Nvidia's second-most powerful AI chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as CEO Jensen Huang seeks a breakthrough in China this week. Huang, who was not initially listed in a White House delegation to Beijing, joined the trip after an inv...
The U.S. has cleared around 10 Chinese firms to buy Nvidia's second-most powerful AI chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as CEO Jensen Huang seeks a breakthrough in China this week. Huang, who was not initially listed in a White House delegation to Beijing, joined the trip after an invitation from President Donald Trump, a source said. Trump picked him up in Alaska en route to a summit with Chinese President Xi Jinping, raising hopes the trip could finally unlock stalled efforts to sell the H200 chips in China.
Joe Hendrickson/iStock via Getty Images Shares of Whirlpool ( WHR ) have been a disastrous performer over the past year, losing basically half of their value. While the company positioned itself as a tariff winner, that has simply not been the case, given higher raw material costs, large industry inventories, and consumers reluctant to make big-ticket purchases. Given my loss of confidence in its ...
Joe Hendrickson/iStock via Getty Images Shares of Whirlpool ( WHR ) have been a disastrous performer over the past year, losing basically half of their value. While the company positioned itself as a tariff winner, that has simply not been the case, given higher raw material costs, large industry inventories, and consumers reluctant to make big-ticket purchases. Given my loss of confidence in its cash flow story, I cut shares to a " S ell " in January , and that call has played out with the stock losing 45% since then, though the magnitude of the decline has surprised me. With updated financials and such poor performance, now is a good time to revisit WHR. Seeking Alpha In the company’s first quarter , Whirlpool reported a surprise loss of $0.56, $1.03 below expectations . Revenue was down nearly 10% from last year to $3.3 billion, and management described demand as being the worst since the financial crisis. It saw industry demand fall by 7.4% in Q1, with the full year likely to be down at least 5%. EBIT declined by 80% as the company saw material margin pressure and lost operating leverage from the decline in sales. Raw material pressured margins by 50bps. The price/mix was also 275bps headwinds. As a result, its EBIT margin was just 1.3%, which was down 460bps from last year. Whirlpool is now expanding its cost-cutting efforts, undertaking a $150 million program. Whirlpool Major appliance sales in North America declined 8% to $2.2 billion. Within this, it saw discretionary sales falling 15% as consumers push off purchases amid so much macro uncertainty. It is seeing some strength in spare parts, likely a sign that cost-conscious consumers are opting to repair machines rather than purchase new ones. Profits all but evaporated, dropping to just $6 million, down from $71 million in Q4 and $149 million a year ago. It is noteworthy that this is the region WHR expected to benefit from protective tariffs, and yet, it has proven to be Whirlpool’s most problematic. Whirlp...
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“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)