Select corporate, SEC announcements — Q2 2019
LATEST UPDATE: May 15, 2019 - 3:04am
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May 15, 2019

Discovery Inc. acquires Golf Digest from Condé Nast.

Golf Digest among the world's top golf media brands. It is expected to extend Discovery's global golf media business to the U.S. market through its multiplatform distribution and reach.

The acquisition creates a powerful programming engine by adding Golf Digest to GOLFTV's offerings that already include exclusive carriage of the PGA TOUR, the European Tour, and the Ladies European Tour, as well as the Masters Tournament, in select territories outside the U.S. and Discovery's exclusive global content partnerships with Tiger Woods.

The addition of Golf Digest will allow the company to now reach golf fans more premium content such as instructional videos, equipment advice, course rankings, travel destinations and online bookings.

Tiger Woods on Golf Digest
May 11, 2019

Aseana Residential Holdings Corp., a subsidiary of D.M. Wenceslao & Associates Inc., tops off its first residential condominium project Pixel Residences.

In less than one year, the low-density residential development sold 170 units, the company says in a statement, hailing it "a resounding success amid a highly competitive development landscape."

May 10, 2019

San Miguel Corp. won the bid for the Philippine business of Lafarge Holcim Ltd., Europe’s biggest cement maker. SMC, Holcim Philippines and LafargeHolcim confirm today the $2.1 billion buyout. 

April 29, 2019

Philips delivers Q1 sales of EUR 4.2 billion, with 2% comparable sales growth, the company says in a statement. It adds that income from continuing operations increased to EUR 171 million and Adjusted EBITA margin improved to 8.8%.

Here are its Q1 highlights, according to its release: 

  • Sales in the quarter amounted to EUR 4.2 billion, with 2% comparable sales growth
  • Comparable order intake increased 2%
  • Income from continuing operations increased to EUR 171 million, compared to EUR 94 million in Q1 2018
  • Adjusted EBITA margin was 8.8% of sales, compared to 8.7% of sales in Q1 2018
  • Income from operations increased to EUR 245 million, compared to EUR 201 million in Q1 2018
  • Operating cash flow amounted to EUR 14 million, compared to EUR 92 million in Q1 2018; free cash outflow was EUR 206 million, compared to EUR 47 million in Q1 2018
April 27, 2019

Bayer shareholders vote against the management board of the German chemical giant at its annual general meeting amid tension over the decision to buy US seeds and pesticides maker Monsanto.

At the AGM in Bonn, 55.5% voted against the board, led by embattled CEO Werner Baumann, with just 44.5% of shareholders in favor — a huge drop down from 97% support last year.

April 27, 2019

Bayer shareholders vote against the management board of the German chemical giant at its annual general meeting amid tension over the decision to buy US seeds and pesticides maker Monsanto.

At the AGM in Bonn, 55.5 percent voted against the board, led by embattled CEO Werner Baumann, with just 44.5 percent of shareholders in favor — a huge drop down from 97 percent support last year.

April 25, 2019

Nintendo says its full-year net profit jumped nearly 40%, lifted by strong sales of blockbuster game titles for its popular Switch console.

The Kyoto-based game giant says its net profit for the fiscal year to March rose 39% from a year earlier to 194 billion yen ($1.7 billion), while forecasting a moderate decline in the current fiscal year.

April 8, 2019

Major media brands Discovery and BBC Studios are teaming up for a unique service that will rival some of Netflix's offerings.

Known for their natural history series "Planet Earth," "Blue Planet" and "Life," the two brands sign a major global content partnership and subscription video on demand service as part of a series of agreements.

The companies announce this month that the multi-million pound deals will cover a "library of premium factual series to power a new global streaming service, and a bespoke development deal for BBC Studios' iconic genres of natural history, animals, adventure, science, travel, space, history and civilization documentaries."

April 3, 2019

Tech startup Ascent launches pioneer helicopter ride-sharing platform in the Philippines.

The announcement came a few years after transport network vehicle service Grab rolled out a short-lived service called GrabHeli.

Initial services include a 3-minute ride from Makati to Bonifacio Global City, that would normally take 30 to 45 minutes. The rate, however, is staggering, as this would cost a passenger at least P6,900 for a seat. — Reports from The STAR/Richmond Mercurio

Smartphone manufacturer OPPO claims it has secured 24 percent of market share as of the fourth quarter of 2018, within its fourth year of entry to the Philippnes, citing data from Canalys.

The F series model, with more than 2 million users, was the top-selling model within its price range at MX and Abenson, among other dealers, the company says in a release.

"This is particularly notable since 2018 saw continuous decline in global smartphone market sales. IDC data suggests that total global smartphone shipments dropped by 4.1 percent year-on-year," its release reads.

 

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