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Earnings Season Headlines

Cyber security firm Avast targets $4.5 bln valuation in IPO

Private equity-backed cyber security firm Avast is targeting a market capitalisation of between 2.5 billion and 3.2 billion pounds ($3.5-4.5 billion) in its initial public offering (IPO), potentially the biggest London listing since July.

UPDATE 1-Subsea 7 trades downs as Q1 lags

Offshore oil services firm Subsea 7 posted first-quarter results that missed expectations due to lower activity but maintained its outlook for the year, sending its shares lower.


Trump veterans' nominee weighing options after new allegations

WASHINGTON U.S. President Donald Trump's physician Ronny Jackson, nominated to head the Veterans Affairs Department, met with White House officials on Wednesday night following a new round of allegations about questionable drug prescriptions and on-the-job drunkenness, a source familiar with the situation told Reuters. | Video