Sunday’s Insider Moves: Top Execs Make Million-Dollar Trades on Friday

Investing.com -- Coeur Mining Inc (NYSE:CDE) stock dropped 7% in Monday premarket trading after announcing a $7 billion all-stock acquisition of New Gold Inc (NYSE:NGD), while New Gold shares rose 4.9%.

Under the terms of the agreement, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share, representing a 16% premium to New Gold’s October 31 closing price. Upon completion, existing Coeur stockholders will own approximately 62% of the combined company, with New Gold shareholders owning the remaining 38%.

The transaction creates a North American precious metals producer with a combined market capitalization of approximately $20 billion. The merged entity will operate seven mines producing approximately 1.25 million gold equivalent ounces in 2026, including 20 million ounces of silver and 900,000 ounces of gold.

Coeur expects the combined company to generate approximately $3.0 billion in EBITDA and $2.0 billion in free cash flow in 2026, significantly higher than Coeur’s expected 2025 figures of $1 billion in EBITDA and $550 million in free cash flow.

"This transaction provides clear and compelling benefits for New Gold and Coeur shareholders by bringing together two companies with similar cultures to create a stronger, more resilient, and larger scale precious metals mining company," said Mitchell J. Krebs, Coeur’s Chairman, President and Chief Executive Officer.

The deal requires approval from both companies’ shareholders and is expected to close in the first half of 2026. New Gold CEO Patrick Godin and one other New Gold director will join Coeur’s board upon completion of the transaction.

Investing.com -- British stocks traded higher on Monday afternoon, starting the week on a positive note as wider European markets turned green, while the pound continued its losing streak, hovering near $1.31.

As of 1233 GMT, the blue-chip index FTSE 100 rose 0.1% and the British GBP/USD fell 0.1% against the dollar to above 1.31. 

DAX index in Germany gained 1.1%, the CAC 40 in France fell 0.1%. 

UK round up:

• UK manufacturing activity expanded in October for the first time in a year, according to the latest S&P Global UK Manufacturing PMI, which rose to a 12-month high of 49.7 from 46.2 in September - still just below the 50.0 mark that separates growth from contraction.

• Britain’s competition regulator said Monday it will launch an in-depth probe into the proposed $3.7 billion merger between Getty Images Holdings Inc (NYSE:GETY) and Shutterstock (NYSE:SSTK). The Competition and Markets Authority (CMA) referred the deal for a Phase 2 investigation amid concerns that combining two of the largest stock image providers could lead to higher prices and lower quality for customers.

• Ryanair Holdings PLC (LON:0RYA) reported a 42% increase in first-half profit to €2.54 billion on Monday, while cautioning about potential challenges in the second half of the year. The airline’s second-quarter profit after tax grew 20% to €1.72 billion, up from €1.43 billion in the same period last year. Revenue increased 13% to €9.82 billion as passenger traffic rose 3% to 119 million. The average fare climbed 13% to €58. Despite the strong performance, Ryanair warned that tougher year-over-year fare comparisons and geopolitical risks could impact results in the second half of the year.
• In other news, Optima Health PLC (LON:OPT) reported revenue of approximately £59 million for the first half of fiscal 2026, a 17% increase from £50.8 million in the same period last year. The company said it remains on track to meet consensus forecasts for fiscal 2026, with full-year revenue expectations of £125.4 million.
• Empiric Student Property PLC (LON:ESP) announced it has achieved 89% occupancy for the 2025/26 academic year, with like-for-like rental growth of 4.5%. The student accommodation provider noted a slowdown in reservations since September 9, making its target occupancy rate of 97% difficult to achieve. The company cited fewer Chinese students and supply-demand imbalances in Nottingham, Sheffield, and Glasgow as contributing factors.
• BP PLC (LON:BP) has agreed to sell non-controlling interests in its US onshore midstream assets to private investor Sixth Street for $1.5 billion. The transaction includes BP’s pipelines and facilities in the Eagle Ford and Permian basins, including four Permian central processing facilities: Grand Slam, Bingo, Checkmate and Crossroads. These assets connect wells to third-party pipeline systems that transport oil and gas to customers.

Investing.com – Indonesia stocks were higher after the close on Monday, as gains in the Infrastructure, Financials and Agriculture sectors led shares higher.

At the close in Jakarta, the IDX Composite Index added 1.27%.

The best performers of the session on the IDX Composite Index were Kedaung Indah Can Tbk (JK:KICI), which rose 34.72% or 67.00 points to trade at 260.00 at the close. Meanwhile, Trimegah Karya Pratama Tbk PT (JK:UVCR) added 28.38% or 21.00 points to end at 95.00 and Kioson Komersial Indonesia Tbk PT (JK:KIOS) was up 25.35% or 18.00 points to 89.00 in late trade.

The worst performers of the session were Jaya Sukses Makmur Sentosa Tbk PT (JK:RISE), which fell 14.97% or 1,725.00 points to trade at 9,800.00 at the close. Sarana Mitra Luas Tbk PT (JK:SMIL) declined 14.80% or 74.00 points to end at 426.00 and Dwi Guna Laksana Tbk PT (JK:DWGL) was down 12.55% or 58.00 points to 404.00.

Rising stocks outnumbered declining ones on the Jakarta Stock Exchange by 350 to 343 and 160 ended unchanged.

Shares in Trimegah Karya Pratama Tbk PT (JK:UVCR) rose to 52-week highs; rising 28.38% or 21.00 to 95.00.

Crude oil for December delivery was up 0.15% or 0.09 to $61.07 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.12% or 0.08 to hit $64.85 a barrel, while the December Gold Futures contract rose 0.72% or 28.95 to trade at $4,025.45 a troy ounce.

USD/IDR was up 0.14% to 16,648.30, while AUD/IDR rose 0.36% to 10,909.86.

The US Dollar Index Futures was up 0.02% at 99.64.

Investing.com -- British stocks opened higher on Monday, starting the week on a positive note as European markets traded mixed, while the pound continued its losing streak, hovering near $1.31.

As of 0804 GMT, the blue-chip index FTSE 100 rose 0.2% and the British GBP/USD fell 0.2% against the dollar to above 1.31. 

DAX index in Germany gained 0.3%, the CAC 40 in France fell 0.2%. 

UK round up:

• Ryanair Holdings PLC (LON:0RYA) reported a 42% increase in first-half profit to €2.54 billion on Monday, while cautioning about potential challenges in the second half of the year. The airline’s second-quarter profit after tax grew 20% to €1.72 billion, up from €1.43 billion in the same period last year. Revenue increased 13% to €9.82 billion as passenger traffic rose 3% to 119 million. The average fare climbed 13% to €58. Despite the strong performance, Ryanair warned that tougher year-over-year fare comparisons and geopolitical risks could impact results in the second half of the year.
• In other news, Optima Health PLC (LON:OPT) reported revenue of approximately £59 million for the first half of fiscal 2026, a 17% increase from £50.8 million in the same period last year. The company said it remains on track to meet consensus forecasts for fiscal 2026, with full-year revenue expectations of £125.4 million.
• Empiric Student Property PLC (LON:ESP) announced it has achieved 89% occupancy for the 2025/26 academic year, with like-for-like rental growth of 4.5%. The student accommodation provider noted a slowdown in reservations since September 9, making its target occupancy rate of 97% difficult to achieve. The company cited fewer Chinese students and supply-demand imbalances in Nottingham, Sheffield, and Glasgow as contributing factors.
• BP PLC (LON:BP) has agreed to sell non-controlling interests in its US onshore midstream assets to private investor Sixth Street for $1.5 billion. The transaction includes BP’s pipelines and facilities in the Eagle Ford and Permian basins, including four Permian central processing facilities: Grand Slam, Bingo, Checkmate and Crossroads. These assets connect wells to third-party pipeline systems that transport oil and gas to customers.

Investing.com -- Empiric Student Property (LON:ESP) has achieved 89% occupancy for the 2025/26 academic year, with like-for-like rental growth of 4.5% in line with guidance, the company announced Monday.

The student accommodation provider noted a slowdown in reservations since September 9, making its target occupancy rate of 97% challenging under current conditions. The company has seen fewer Chinese students and faced supply-demand imbalances in Nottingham, Sheffield, and Glasgow.

UK students now represent 43% of reservations, with Chinese students accounting for 30% and other international students making up 27%.

"The booking cycle for academic year 2025/26 has seen an increase in reservations from UK students and a reduction in the number of Chinese students staying with us, potentially the result of geopolitical events," said Duncan Garrood, Chief Executive Officer.

The company has completed three postgraduate conversions in Bath, Sheffield, and Southampton, with a fourth in Bristol on track to open in early 2026. It also completed the sale of Pavillion Court in Canterbury for £7.5 million.

As of September 30, the company’s property loan-to-value ratio stood at 27.3%, with a weighted average cost of debt of 4.4% and cash and available facilities totaling £101.8 million.

The board reconfirmed its dividend target of 3.7 pence per share for the year and declared a third-quarter dividend of 0.925 pence per share, to be paid on December 5.

Garrood also noted that following shareholder approval in early October, the Competition and Markets Authority has begun its Phase 1 investigation of the proposed acquisition of Empiric by The . The company anticipates the scheme will become effective in the first half of 2026, subject to conditions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com – Colombia stocks were lower after the close on Friday, as losses in the Financials, Investment and Public Services sectors led shares lower.

At the close in Colombia, the COLCAP fell 0.18%.

The best performers of the session on the COLCAP were Grupo Nutresa SA (BVC:NCH), which rose 9.88% or 25,500.00 points to trade at 283,500.00 at the close. Meanwhile, Bolsa De Valores De Colombia (BVC:BVC) added 7.91% or 1,000.00 points to end at 13,640.00 and Mineros SA (BVC:MAS) was up 2.40% or 320.00 points to 13,680.00 in late trade.

The worst performers of the session were Banco Davivienda Pf (BVC:DVI_p), which fell 3.38% or 1,000.00 points to trade at 28,600.00 at the close. Grupo Energia Bogota SA ESP (BVC:GEB) declined 1.13% or 35.00 points to end at 3,070.00 and Organizacion Terpel SA (BVC:TPL) was down 0.97% or 160.00 points to 16,340.00.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0.

US coffee C for December delivery was up 0.27% or 1.05 to $393.05 . Elsewhere in commodities trading, US cocoa for delivery in December rose 1.37% or 83.00 to hit $6,141.00 , while the December Gold Futures contract fell 0.05% or 1.90 to trade at $4,014.00 a troy ounce.

USD/COP was up 0.12% to 3,861.06, while BRL/COP rose 0.13% to 717.87.

The US Dollar Index Futures was up 0.21% at 99.56.