Skip to content

National Business

Deliveroo shares slump in UK IPO as investors lose appetite

Deliveroo shares slump in UK IPO as investors lose appetite

LONDON — Shares of app-based meal delivery service Deliveroo, which saw its business boosted by pandemic lockdowns, tumbled by as much as a third in their U.K. stock market debut on Wednesday.
Bonterra Energy CEO says end of takeover battle with Obsidian comes as a relief

Bonterra Energy CEO says end of takeover battle with Obsidian comes as a relief

CALGARY — The chairman and CEO of Bonterra Energy Corp. says he's relieved that rival Obsidian Energy Ltd. ended its hostile takeover campaign this week after seven months of trying to persuade investors to accept a share-swap deal.
Dollarama expands plans to grow stores across Canada as profits slip amid pandemic

Dollarama expands plans to grow stores across Canada as profits slip amid pandemic

MONTREAL — Dollarama Inc. remained bullish on the future of the discount chain in Canada even as its profits slipped amid higher costs and restrictions related to the pandemic in its latest quarter.
Bausch Health sells interest in Amoun Pharmaceutical for US$740 million

Bausch Health sells interest in Amoun Pharmaceutical for US$740 million

LAVAL, Que. — Bausch Health Companies Inc. has signed a deal to sell its interest in Amoun Pharmaceutical Company SAE to Abu-Dhabi-based holding company ADQ for US$740 million. Amoun is one of the largest pharmaceutical companies in Egypt.

H&M swings to loss, affirms commitment to China market

STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB on Wednesday reported an expected loss in the first quarter.
Delta joins other US airlines in ending empty middle seats

Delta joins other US airlines in ending empty middle seats

Delta Air Lines, the last U.S. airline still blocking middle seats, will end that policy in May as air travel recovers and more people become vaccinated against COVID-19.
Canadian tourism sector shrank by nearly half in 2020 as COVID-19 ravages industry

Canadian tourism sector shrank by nearly half in 2020 as COVID-19 ravages industry

OTTAWA — Statistics Canada says the Canadian tourism sector shrank by nearly half in 2020 as the disastrous year was capped off by a 3.3 per cent decrease in the fourth quarter.
Torstar signs deal for free Cineplex Magazine, to rebrand as Star Cineplex

Torstar signs deal for free Cineplex Magazine, to rebrand as Star Cineplex

TORONTO — Torstar Corp. has signed a deal to acquire the publishing and exclusive theatre distribution rights of Cineplex Magazine. The deal with Cineplex Inc.
Canada Pension Plan Investment Board selling its stake in GlobalLogic to Hitachi

Canada Pension Plan Investment Board selling its stake in GlobalLogic to Hitachi

TORONTO — The Canada Pension Plan Investment Board has signed a deal to sell its 45 per cent stake in GlobalLogic Worldwide Holdings, Inc., the parent company of GlobalLogic Inc., to Hitachi Ltd. The pension fund manager says it expects US$3.

Newsmax keeps most, not all, of post-election samplers

NEW YORK — The trajectory of the conservative network Newsmax is a clear example of how statistics can tell different stories, depending on how you look at them.
push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks