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Stock Market & Financial Investment News

News Breaks
November 27, 2012
11:30 EDTZLC, APO, SIG, NILEJewelers higher following report of PE interest in U.K. chains
Shares of several publicly listed jewelers are moving higher after The Telegraph reported late Sunday that private equity firm Apollo Global Management (APO) is in talks to buy Aurum, which own two U.K. jewelry chains, for about GBP180M. That valuation roughly equates to six times the forecast for the company's earnings before interest, tax, depreciation and amortization, or EBITDA, according to the report, which added that a deal may be completed as soon as this week. Shares of some U.S.-listed jewelers are moving higher today in mid-morning trading, including Signet Jewelers (SIG), up 3.87% to $54.18, Zale (ZLC), up 3.31% to $4.94 and Blue Nile (NILE) up 4.76% to $39.28.
News For SIG;ZLC;NILE;APO From The Last 14 Days
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July 6, 2015
09:01 EDTAPOOM Group announces expiration of 'go shop' period
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June 30, 2015
06:18 EDTAPOSumitomo Mitsui close to deal to buy GE's European PE finance unit, WSJ reports
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June 25, 2015
14:27 EDTAPOCapital One, Apollo, Ares, Ventas bid for GE healthcare lender, Bloomberg says
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06:57 EDTSIGSignet Jewelers weakness a buying opportunity, says Nomura
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05:44 EDTSIGSignet Jewelers pullback a buying opportunity, says Nomura
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June 24, 2015
08:54 EDTSIGSignet Jewelers repeats Q2 adjusted EPS view $1.11-$1.16, consensus $1.15
Sees Q2 SSS up 2%-3%. Sees FY16 CapEx $275M-$325M, effective tax rate 28%-29%, net selling square footage growth 2%-3%. Says company's biggest opportunities for market share remain in the U.s. Sees $150M-$175M in cumulative 3-year operating profit synergies by end of January 2018. Says majority of synergies will be achieved by Zale division. By end of FY18, says Zale division expected to be at 9% operating margin. Says synergies alone will help achieve medium-term operating margin milestone. Comments from slides that will be presented at the company's Institutional Investor Conference.
June 23, 2015
10:19 EDTAPOReno shoe chain hires bankers to explore sale, Reuters reports
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