News

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Tue, 26 Feb 2019 12:10:25 GMT

M&S and Ocado discuss joint venture

On Tuesday, it was announced by Marks & Spencer and Ocado that the two retailers are considering a new joint venture that would offer food delivery in the UK. The announcement caused a surge of the share prices of both companies.

Tue, 26 Feb 2019 11:22:55 GMT

British finance sector prepared for any Brexit

On Tuesday, the UK junior minister stated that the country's financial sector was ready for any type of Brexit, including the no-Brexit deal, and would keep functioning properly after Britain's leave from the EU bloc.

Tue, 26 Feb 2019 10:59:32 GMT

Hyundai Mobis drops Elliott's $2.2B dividends offer

Hyundai Mobis has rejected on Tuesday a proposal made by the US hedge fund Elliot Management for the $2.24B dividends due to competitiveness concerns.

Tue, 26 Feb 2019 10:36:28 GMT

AAC Tech stock drop on profit warning

Shares in Apple's supplier AAC Technologies plunged 13% on Tuesday, following the acoustic component developer's warning about the expected fail in its Q1 net profit as much as 75% amid reduced orders.

Tue, 26 Feb 2019 09:37:40 GMT

Credit Suisse appoints new Chief Risk Officer

Credit Suisse has appointed Lara Warner as its new Chief Risk Officer on Tuesday on the back of the Swiss bank's board reshuffle, to replace Jo Oechslin.

Tue, 26 Feb 2019 09:33:43 GMT

Walmart acquires Israel's firm Aspectiva

On Tuesday, Walmart announced it had acquired the Israeli product review insight firm Aspectiva, not disclosing the financial terms of the deal, adding the start-up would join the retail giant's Store No 8.

Tue, 26 Feb 2019 08:29:00 GMT

Boeing plans T-X training jet global sales

Boeing is planning global sales of its T-X training jet, after winning the US Air Force contract worth $9.2B in September, launching talks with its potential customers, including the Australian Air Force.

Tue, 26 Feb 2019 08:12:18 GMT

PSA raises profit target on record 2018

On Tuesday, the French automaker PSA Group lifted its medium-term profit goal, following a report of its record annual earnings and sales, driven by the Peugeout 5008 and 3008 SUV models' success.

Tue, 26 Feb 2019 07:20:08 GMT

Walmart Mexico workers to strike over wages

Walmart Mexico's labour union announced it would launch a strike in March, in case it did not manage to secure higher pay and better conditions for thousands of the company's employees.

Tue, 26 Feb 2019 07:14:51 GMT

Nestle picks Rothschild to sell Herta

Nestle, the packaged food giant, hired Rothschild to help it with a sale of the company's Herta packaged meat unit, seeing to focus on the faster-growing businesses.

Tue, 26 Feb 2019 06:10:06 GMT

Two Deputy CEOs to leave Russia's Gazprom

Russia's Gazprom announced on Monday its deputy CEO Alexander Medvedev was set to leave the company after 16 years in the role, adding that another deputy chief Valery Golubev would also leave his post.

Tue, 26 Feb 2019 06:02:59 GMT

Amazon names ex-PepsiCo CEO to board

On Monday, Amazon.com named the former Chief Executive Officer of PepsiCo, Indra Nooyi, to its board of directors, appointing the second woman to the e-commerce titan's BoD this month.

Tue, 26 Feb 2019 05:38:48 GMT

Amazon to add over 1K apprenticeships in UK

The online retailer Amazon is planning to offer more than 1K apprenticeships in Britain over the next couple of years, the group announced on Tuesday, stressing that the country's withdrawal from the EU bloc will not deter the company from investing.

Tue, 26 Feb 2019 05:32:51 GMT

Persimmon set to appoint new CEO

Persimmon is set to name the former finance head of housebuilding company, Dave Jenkinson, as its new Chief Executive Officer on permanent basis, according to a Sky News report.

Tue, 26 Feb 2019 04:11:42 GMT

AAC Tech's shares slump on profit warning

Shares of Apple's supplier AAC Technologies dropped 13% after the acoustic component producer stated that it expected Q1 net profit to decline as much as 75% amid reduced orders.

Tue, 26 Feb 2019 04:08:23 GMT

Indian growth pace likely weakened in late 2018

India's economy likely expanded at the slowest pace in more than a year in the December quarter, as slower rural incomes and weaker urban demand weighed on consumption.

Tue, 26 Feb 2019 03:31:52 GMT

Amazon to suggest more than 1K apprenticeships in UK

Online retailer Amazon is likely to create more than 1K apprenticeship roles in the UK in the following two years, indicating that the country's departure from the EU is not deterring the company from investing.

Tue, 26 Feb 2019 03:28:49 GMT

US housing outlook to stuck in lull, while economy dulls

The US house prices were expected to increase at the weakest pace in nearly five years, as lack of single-family homes and higher mortgage rates constrain activity.

Mon, 25 Feb 2019 20:52:05 GMT

Swatch accuses Samsung of trademark infringement

Swatch Group filed a lawsuit against Samsung Electronics America and Samsung Electronics, claiming the two firms had violated the exclusive rights on the smart watch faces designs, finding them "identical" to the trademarks Swatch owns.

Mon, 25 Feb 2019 20:51:51 GMT

Newmont shareholders see no value in Barrick's bid

Newmont Mining's CEO Gary Goldberg stated on Monday the company's shareholders viewed no value for both miners in $18.0B worth hostile bid proposed by Barrick Gold Corp earlier that day.

Mon, 25 Feb 2019 20:08:01 GMT

Windstream Holdings files for bankruptcy

On Monday, Windstream Holdings has filed for the Chapter 11 bankruptcy, receiving Citigroup Global Markets' commitment for $1.0B in financing to back the telecom service provider's business operations.

Mon, 25 Feb 2019 19:59:48 GMT

Telefonica rolls out open-access internet service in Peru

Telefonica, the Spanish telecommunications group, announced on Monday it was set to launch an open-access mobile internet service for Peru, as the company sought to expand coverage in Latin America's rural areas.

Mon, 25 Feb 2019 19:34:53 GMT

Warburg Pincus completes Leumi Card takeover

On Monday, Warburg Pincus, the US private equity group, has finalised the takeover of the credit card business owned by Israel's Bank Leumi, saying it brought in three more strategic partners.

Mon, 25 Feb 2019 19:31:32 GMT

JAB acquires majority stake in pet hospitals

The private EU investor JAB Holding agreed to acquire a controlling stake of Compassion-First Pet Hospitals from the private equity company Quad-C Management, expanding its portfolio into another sector.

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