On Tuesday, Shares of Citigroup Inc. (NYSE:C), gained 0.74% to $57.07.
Citigroup, acting through Citibank N.A., has been designated by Sodexo S.A. (“Sodexo”), the world leader in quality of life services, as successor depositary bank for its Level 1 American Depositary Receipt (ADR) programme, which trades in the US over the counter (“OTC”) market under symbol “SDXAY”. The ordinary shares are listed on Euronext Paris and trade under symbol “SW”.
Siân Herbert-Jones, Group CFO at Sodexo, commented: “Sodexo has a strong presence in North America delivering services that improve Quality of Life, an essential factor in individual and organizational performance. Sodexo serves 75 million consumers each day through its unique combination of On-site Services, Benefits and Rewards Services and Personal and Home Services in more than 80 countries worldwide. We look forward to working with Citi to enhance the visibility of the Group and access additional investors in the US, thereby increasing liquidity.”
“Citi is delighted to be designated by Sodexo as successor depositary bank for its Level 1 ADR programme,” said Dirk Jones, Global Head of Issuer Services, at Citi. “We look forward to working closely with Sodexo leveraging our unparalleled equity distribution network in the US and providing best-in-class service to the company’s existing ADR holders.”
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of The Gap, Inc. (NYSE:GPS), inclined 1.44% to $38.75, during its last trading session.
As part of its annual investor meeting, The Gap, will provide an overview of its planned agenda designed to best serve the ever-changing needs of consumers, while ongoing to drive long-term shareholder value and profitable growth across its portfolio of brands.
“Our administration team is aligned and focused on the key priorities that will drive profitable growth for the company,” said Art Peck, chief executive officer, Gap Inc. “Building upon the strength of Old Navy, each brand within our portfolio is focused on clear, near-team priorities and a strategy to capitalize on long-term opportunities.”
Even before taking the helm of the company in February 2015, Peck moved swiftly to assemble a team of proven leaders focused on driving commercial success across its core brands. Additionally, as demonstrated by yesterday’s declaration, Peck and Gap global president Jeff Kirwan are implementing a series of planned actions designed to improve productivity and profitability at the company’s namesake brand.
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brand names.
Finally, Oshkosh Corporation (NYSE:OSK), ended its last trade with -7.14% loss, and closed at $46.71.
Oshkosh Corporation, updated its EPS estimates for the third quarter and full year fiscal 2015. The Company anticipates that EPS for the third quarter of fiscal 2015 will approximate the adjusted EPS stated in the third quarter of fiscal 2014. Formerly, the Company commented that it believed EPS for the third quarter of fiscal 2015 would be above EPS for the third quarter of fiscal 2014. The Company stated adjusted1 EPS of $1.23 for the third quarter of fiscal 2014.
Oshkosh noted that sales and earnings for the third quarter of fiscal 2015, principally in its access equipment segment, have been influenced by several factors counting severe weather conditions that continued into the third fiscal quarter, potential rental industry consolidation and, to a lesser extent, new product launch delays.
The Company is also updating its full year 2015 adjusted EPS estimate range to $3.75 to $4.00, reduced from its most recent expectation of $4.00 to $4.25. The Company stated adjusted1 EPS of $3.62 for the full year fiscal 2014.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. Its Access Equipment segment offers aerial work platforms and telehandlers used in construction, agricultural, industrial, institutional, and general maintenance applications.
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