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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Asian Shares Advance In Thin Holiday Trade
Asian stocks mostly rose in thin holiday trade on Thursday as investors digested broadly positive tech earnings from the U.S. and awaited clarity on U.S. President Trump's tariff policies, especially on Canada, Mexico and China.
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The French economy contracted for the first time in nearly two years in the fourth quarter as the positive impact of the Paris Olympics and Paralympic Games faded, official data revealed Thursday. Gross domestic product shrank 0.1 percent sequentially after expanding 0.4 percent in the third quarter, first estimate from the statistical office INSEE showed.
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European Economic News Preview: ECB Monetary Policy Decision Due
The monetary policy announcement from the European Central Bank and preliminary GDP data from the major euro area economies are due on Thursday, headlining a hectic day for the European economic news. At 1.30 am ET, France's statistical office INSEE publishes flash GDP and consumer spending data. The economy is expected to remain flat sequentially in the fourth quarter after rising 0.4 percent in
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European Shares Seen Broadly Higher At Open
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Sensex, Nifty Marginally Higher In Lackluster Trade
Indian shares were flat to slightly higher on Thursday as investors reacted to a hawkish Fed policy statement and awaited cues from upcoming Union Budget this weekend and next week's MPC meeting.
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Asian Markets Mixed In Thin Holiday Trades
Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after the US Fed left interest rates unchanged and noted inflation remains "somewhat elevated. Traders react to a hawkish Fed policy statement. The mood remained cautious on concerns about the U.S. administration's tariff threats, and uncertainty on its trade and economic policies.
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Australian Market Extends Gains In Mid-market
The Australian market in extending its early gains in mid-market moves on Thursday, adding to the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is above the 8,500 level, with gains across most sectors led by mining, energy and financial stocks.
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