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|Day's Range||22.85 - 22.85|
|52 Week Range||22.30 - 25.40|
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Jacob Zuma's lawyers argued on Monday that the former South African president had been treated unfairly by prosecutors in his attempt to have revived corruption charges set aside because he is unpopular in the country at large. Zuma, who was in office from 2009-2018, has applied for a permanent stay of prosecution from 16 charges of fraud, racketeering and money laundering relating to a deal to buy 30 billion rand of European military hardware for South Africa's armed forces in the late 1990s. On the first day of the hearing, Zuma's lawyer, Advocate Muzi Sikhakhane, described the former president's treatment by the National Prosecuting Authority (NPA) as "mob justice" and said Zuma had been charged because the country does not like him.
Thales (Euronext Paris: HO) has today completed the acquisition of Gemalto (Euronext Amsterdam and Paris: GTO), creating a global leader in digital identity and security. With Gemalto, Thales will cover the entire critical decision chain in a digital world, from data generation via sensors to real-time decision support.
French aerospace and defense electronics group Thales said it had completed its previously announced 4.8 billion euros ($5.4 billion) takeover of chipmaker Gemalto, boosting Thales' presence in the booming security services market. Thales had to clear various regulatory hurdles before finally completing the deal, and the company reiterated that buying Gemalto would increase its overall revenues and lift its presence in Latin America, north America and Asia. "Together, we are creating a giant in digital identity and security with the capabilities to compete in the big leagues worldwide," said Thales Chairman and Chief Executive Patrice Caine in a statement on Tuesday.
The U.S. Justice Department said on Thursday it was requiring Thales SA to divest its general purpose hardware security module (GP HSM) business in order for Thales to proceed with its proposed acquisition of Gemalto NV. French defense electronics maker Thales and Netherlands-based chipmaker Gemalto are the world's leading providers of GP HSMs, which generate keys and encrypts data, and are significant direct competitors in the United States, the Justice Department said in a statement.
SA (HO.FR) said Tuesday that full-year net profit and sales both rose in 2018 and that it expects to deliver another year of sales growth in 2019. Thales’s order intake in 2018 rose 7% to EUR16.03 billion due to strong order momentum in the defense & security segment, it said. Looking ahead to 2019, Thales said it expects order intake at about EUR16 billion, while sales should grow organically by 3% to 4% compared with 2018.
PARIS (Reuters) - French defence electronics group Thales forecast higher sales and profits for 2019 as it posted a rise in its full-year earnings. Thales' 2018 earnings before interest and tax (EBIT) ...
May.17 -- Patrice Caine, chief executive officer at Thales, discusses protecting against the threat of drone attacks in Saudi Arabia and securing data privacy. He speaks with Bloomberg's Caroline Connan on "Bloomberg Surveillance."
Patrice Caine, CEO of Thales, discusses the French aerospace firm's earnings, European politics, and why he feels confident about the rest of 2019.
Marko Erman of Thales says artificial intelligence can be used to detect the weakening of various devices on aircraft, so that maintenance can be performed accordingly in order to to prevent failure.
Thales S. Teixeira, a professor at Harvard business school and author of 'Unlocking the Customer Value Chain', joins us with the details on how retail giants can compete with startup companies, and what is disrupting most markets.