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Group 1 Automotive Boosts Dividend, Stock Repurchase Authorization
(RTTNews) - Automotive retailer Group 1 Automotive, Inc. (GPI) announced Wednesday its board of directors increased the Company's common stock repurchase authorization by $161 million to $200 million. The Company expects that any repurchase of shares will be funded by cash from operations. Repurchased shares will be held in treasury.
Group 1's board of directors also declared a 2.6 percent higher cash dividend of $0.39 per share for the third quarter of 2022, payable on December 15, 2022, to stockholders of record as of December 1, 2022.
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Group 1 Automotive To Cut U.K. Headcount By Approximately 10% - Update
While reporting financial results for the fourth quarter on Wednesday, Group 1 Automotive, Inc. (GPI) President and Chief Executive Officer Daryl Kenningham said the automotive retailer expects to cut its U.K. headcount by approximately 10 percent as it focuses on reducing costs in the U.K. in the first quarter of 2024.
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Pred 566 dňami
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, amid a broad selloff in global technology stocks mirroring a sharp selloff in heavyweight U.S. technology shares on apprehensions that intense enthusiasm surrounding artificial intelligence could be overdone after reports stated that Nvidia is developing a new AI chip for China.
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Pred 13 minútami
Sensex, Nifty Set To Open Lower As Tech-led Selloff Hits Asia
Indian shares look set to open lower on Wednesday amid a broad selloff in global technology stocks.
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Pred 38 minútami
Losing Streak May Continue For Thai Stock Market
The Thai stock market has finished lower in four straight sessions, slipping more than 40 points or 3.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,235-point plateau and it may extend its losses again on Wednesday.
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Pred 1 h 14 min
Japanese Market Sharply Lower
The Japanese stock market is trading sharply lower on Wednesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 43,000 mark, with weakness in index heavyweights and technology stocks partially offset by gains in automakers and financial stocks.
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Pred 1 h 36 min
Indonesia Stock Market Tipped To Open Under Water
The Indonesia stock market has moved lower in consecutive trading days, falling almost 70 points or 0.9 percent along the way. The Jakarta Composite Index now sits just above the 7,860-point plateau and it's likely to remain stuck in neutral again on Wednesday.
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Pred 1 h 44 min
Australian Market Modestly Lower
Australian shares are trading modestly lower on Wednesday, adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 8,900 level, following the mixed cues from Wall Street overnight, with weakness in mining, energy and technology stocks partially offset by gains in financial stocks.
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Pred 1 h 55 min
Soft Start Expected For Hong Kong Stock Market
The Hong Kong stock market has moved lower in four straight sessions, slumping more than 480 points or 1.7 percent along the way. The Hang Seng Index now rests just above the 25,120-point plateau and it may continue to sputter on Wednesday.
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Pred 1 h 59 min
