-- Edward P Linnen, Executive Vice President and Chief Human Resources Officer, on April 30, 2026, sold 9,483 shares in Avis Budget Group (CAR) for $1,728,900. Following the Form 4 filing with the SEC, Linnen has control over a total of 37,932 common shares of the company, with 37,932 shares held directly.
SEC Filing:
Itochu's (TYO:8001) profit attributable to owners of the parent rose 2.3% to 900.3 billion yen in fiscal year 2025 from 880.3 billion yen a year earlier.The general trading company's basic earnings per share increased to 128 yen from 123.13 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales gained 0.7% to 14.8 trillion yen in the year ended March 31 from 14.7 trillion yen in the prior year.Itochu declared a final dividend of 22 yen per share, payable from June 22.For fiscal year 2026, the company expects attributable profit of 950 billion yen and basic EPS of 136.75 yen.Itochu plans to pay interim and year-end dividends of 22 yen per share each for the year, which is higher than the amount paid in the year-ago period on a post-share-split basis.
Asahi Group Holdings' (TYO:2502) big bet on East Africa Breweries could be a costly move, raising investor concerns, Nikkei Asia reported Friday.The Japanese beverage company's planned acquisition of the Tusker beer producer entails an enterprise value-to-EBITDA ratio of 17, higher than comparable deals that occurred instead in advanced economies, the report said.The planned purchase also casts doubts on the company's plans for shareholder returns, as it has remaining shares to repurchase in line with its acquisition of Australia-based Carlton & United Breweries in 2020, according to Nikkei.The company is also still grappling with the impact of a cyberattack that disrupted its shipments for months, the report said.Asahi looks to acquire 65% in the East Africa Breweries for $3 billion in an effort to hold a major share in the African market, the report said.The deal's success would hinge partly on the strength of the elephant-branded Tusker beer, which is widely recognized in the region, the report said.Asahi will draw experience from previous large-scale deals in various locations, with no major drawdowns and robust overseas operations serving as anchors, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Britain's M4 money supply rose 0.8% month over month in March, against the revised 0.7% increase in February, the Bank of England said Friday.Analysts expected a 0.5% decrease for the month.