HALISTER: Bollore Increases Stake in Vivendi to Above 20%

Bollore Increases Stake in Vivendi to Above 20%

(Bloomberg) -- Series of operations has increased Bollore’s stake in Vivendi to above 20% of capital and voting rights, Bollore says in statement.
  • Co. says that its voting rights in Vivendi will rise to about 29% in April 2017.
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VIV FP (Vivendi SA)
BOL FP (Bollore SA)

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UUID: 7947283

HALISTER1: INDIA RATINGS: GVK Power Cut to Default; Wonder Cement Upgraded

INDIA RATINGS: GVK Power Cut to Default; Wonder Cement Upgraded

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
DOWNGRADE
  • Ghatge Patil
    • Long-term bank facilities cut to BB+ from BBB- at Care
    • Cites decline in total operating income
  • GVK Power
    • LT bank facilities cut to D from BB at Care
    • Cites delays in debt servicing
  • Mahesh Timber
    • LT bank facilities cut to BB from BBB at Crisil
    • Cites weakening of group’s liquidity
  • Pudumjee
    • LT bank facilities cut to BBB+ from A- at Crisil
    • Cites weakening in group’s business risk profile due to demerger of paper business
  • Reengus Sikar
    • LT bank facilities cut to AA- from A+ at Care
    • Cites resolution of dispute with NHAI regarding the rate for payment of annuity
  • Steel Exchange
    • LT bank facilities cut to BB from BBB- at Care
    • Cites decline in profitability margins due to subdued steel industry
UPGRADES
  • Balmer Lawrie
    • Cash credit limit raised to AA+ from AA at ICRA
    • Cites healthy cash accruals
  • DCM Shriram
    • LT bank facilities raised to BBB+ from BBB at Care
    • Cites improved profitability
  • Gayatri Lalitpur Roadways
    • LT bank facilities raised to A- from BBB at Care
    • Cites improvement in liquidity
  • Manyata Promoters
    • Term loan raised to A-(SO) from BBB(SO) at ICRA
    • Cites improvement in operating, financial risk profile
  • Nagarjuna Fertilizers
    • LT bank facilities raised to B from D at Care
    • Cites regularization of debt servicing due to improvement in liquidity
  • Sarala Development
    • LT bank facilities raised to BBB- from BB+ at Care
    • Cites improvement in financial performance, satisfactory asset quality
  • Supertron Electronics
    • LT bank facilities raised to A- from BBB+ at Care
    • Cites improvement in profitability, capital structure
  • Wonder Cement
    • LT bank facilities raised to A from A- at Care
    • Cites commencement of operations of its brown field cement project
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
GVKP IN (GVK Power & Infrastructure Ltd)
BLCL IN (Balmer Lawrie & Co Ltd)
DCMS IN (DCM Shriram Ltd)
GAYP IN (Gayatri Projects Ltd)
6588396Z IN (Ghatge Patil Industries Ltd)

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UUID: 7947283

HALISTER1: Weaker Peso May Not Help Export Data Until September: Analysis

Weaker Peso May Not Help Export Data Until September: Analysis

(Bloomberg) -- Philippine exports are expected to contract for a 17th straight month in Aug., when the peso held firm, Bloomberg strategist Andrew Robinson writes.
  • Exports probably fell 8.3% y/y after 13.0% contraction in July, based on median est. in Bloomberg survey; forecasts range from -10.2% to -5.0%; data due at 9am local time tomorrow
  • Related data may show imports rose 10.0% y/y after 1.7% decline in July and trade deficit widened to $2.09b from $2.05b, other surveys show
  • Trade deficit is expected to continue in medium term as global demand remain weak and imports, particularly of capital goods, remains strong; exports likely supported by sharp depreciation of the peso in Sept., Standard Chartered wrote in Oct. 7 note
  • Peso advanced 1.1% vs dollar in Aug.; it fell 3.9% in Sept. ** It’s up 0.1% to 48.250 per dollar today
  • If exports fall less than expected, peso could advance to 21-DMA at 48.005 per dollar in near term
  • NOTE: Andrew Robinson is an FX strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: GBP Flash Crash Anatomy: 1,000 Tick Range in Ninety Seconds

GBP Flash Crash Anatomy: 1,000 Tick Range in Ninety Seconds

(Bloomberg) -- GBP/USD transactions on Reuters on October 7 help to illustrate the frantic conditions in Asia Friday morning when the pound tanked, according to a printout seen by Bloomberg.
  • The following trades occurred one after the other in the space of ninety seconds:
  • GBP bought at 1.2161
  • GBP sold at 1.1501
  • GBP sold at 1.1501
  • GBP sold at 1.1500
  • GBP sold at 1.1491
  • GBP bought at 1.2162
  • GBP bought at 1.2499
    • Spot GBP/USD now little changed at 1.2433; had fallen as much as 6.1% to 1.1841 on Oct. 7, according to composite pricing data on Bloomberg
    • NOTE: Bloomberg LP, the parent company of Bloomberg News, competes with Thomson Reuters in providing news and information
  • Related story: Illusion of liquidity burns traders blindsided by pound’s crash
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Twitter Sale Process Said Almost Dead as Suitors Bow Out (2)

Twitter Sale Process Said Almost Dead as Suitors Bow Out (2)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
TWTR US (Twitter Inc)
CRM US (salesforce.com Inc)
DIS US (Walt Disney Co/The)

People
Evan Williams (Medium)
Jack Dorsey (Twitter Inc)
Mark Hawkins (salesforce.com Inc)

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UUID: 7947283