Uyes Inflation forces firms to ditch ESG initiatives
Thursday 22 June 2023 8:59 amSaudi Arabia PIF to sell its shareholding in McLaren to Bahrain fundBy: Frank DalleresSports EditorShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailMcLaren Saudi Arabiarsquo Public Investment Fund is to sell its shareholding in the McLaren G
polene handtaschen roup to Bahrainrsquo Mumtalakat fund, according to Sky News.The deal will strengthen Mumtalakatrsquo position as the biggest shareholder in the supercar maker and Formula One team owner, Mark
polene sac Kleinman reported.PIF, which has emerged as one of the biggest players in spor
polene handbag t, and Ares Management paid pound;400m for the preference shares two years ago.The sale, expected to be confirmed today, will not see any additional capital injected into McLaren but the group is believed to be planning further fundraising.PIF bought Newcastle United in late 2021 and have helped to transform the football clubrsquo fortunes, clinching a return to the Champions League next season after a 20-year absence.The Saudi sovereign wealth fund has also shaken up menrsquo professional golf by launching the LIV Golf tour and poaching some of the sportrsquo biggest names, including Brooks Koepka, Phil Mickelson and Dustin Johnson.After a year of legal rows with the PGA Tour over player eligibility, PIF struck a deal with the US circuit earlier this month to merge their business interests under a new entity in which the Saudi fund will be primary investors.McL Arwi American Airlines picks up 50 Airbus A321XLR models
Sunday 15 March 2020 8:52 pmUK coronavirus epidemic could lead to 7.9m people being hospitalisedBy: Edward Thickne
polene canada sseShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailUp to 7.9m people could be hospitalised as a result of the coronavirus outbreak, which is expected to last until next spring, a Public Health England PHE document has revealed.According to media reports, the
owala tumbler document is the first time that health authorities have acknowledged that the virus will continue to be a problem for the next 12 months.Over that time, it is suggested, as many as 80 per cent of Brits could be infected, a percentage that government c
stanley cup hief medical adviser Chris Whitty has previously called the worst-case scenario.However, the briefing is clear that four in five of the population is expected to contract the illness over that time period.It also demonstrates the unprecedented extra pressure that the outbreak will put on the already creaking public services, with an estimated 500,000 of the 5m people who work in essential services will be off at any one time during the outbreak.Included in this figure are 1m NHS employees, as well as an additional 1.5m who work in social care.Sign up to City A.M.rsquo Midday Update newsletter, delivered to your inbox every lunchtimeThe report was drawn up by PHErsquo emergency preparedness and response team and has been approved by Dr Susan Hopkins, the lead official for the epidemic.It al
Vyaq Huawei posts revenue rise as US crackdown fails to halt growth
Tuesday 30 January 2024 1:19 pm|Updated:Wednesday 06 March 2024 8:50 amNvidia ranked second most popular stock by UK retail investors ndash; but who came top By: Elliot Gulliver-NeedhamShareFacebookShare on Face
polene bag bookXShare on TwitterLinkedInShare on LinkedInWhatsAppS
polene usa hare on WhatsAppEmailShare on EmailLloyds Bank topped the list of most popular buys among UK re
polene handtaschen tail investors this month, according to new Hargreaves Lansdown data, as consumers looked for stability in the market.Throughout January, investors looked to the bank as a bellweather for the UK economy, according to Susannah Streeter, head of money and markets at Hargreaves Lansdown.Lloyds was closely followed by Nvidia, as other AI beneficiaries such as Microsoft and AMD came in at number five and nine respectively.Streeter said the lsquo;FOMOrsquo;, or fear of missing out, effect, had been ldquo uper-strong since the start of the year, as investors are eager to cash in on the firms benefiting from the AI investment wave. Uranium investment company Yellow Cake was another key winner of the month, coming in eighth, as the price of uranium has surged over the last year. Consumers believe the AIM-listed firm, which holds about 20 per cent of the global supply of uranium, is set to benefit as countries pivot towards embracing nuclear energy while uranium mines have suffered years of under investment. Commodity trading giant Glencore came in third place, despite the short-term headwinds in the sector, as investor Goso Uber inks deal with Arrival to build electric car for its drivers
Wednesday 06 June 2018 3:31 pmHedge fund tycoon Alan Howard brushes off poor performance with impressive rally in the AH FundBy: Lucy WhiteShareFacebookShare on FacebookXShare on TwitterLinke
hydrojug sale dInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailHedge fund billionaire Alan Howard, the co-founder of Brevan Howard, has made an impressive comeback after a lengthy spell of lacklustre performance.Brevan Howard s $2.3bn pound;1.7bn AH Fund, managed by Howard, rose 36.7 per cent in May to bring total year-to-date returns to 44.3 per cent, according to a source close to the firm.The fund, which looks to make bets on macro-economic events around the world, was helped along by an uptick in volatility on the back of central banks moving away from bottoming interest rates, quantitative easing and forward guidance. I am happy that the loyalty and confidence shown by my investors has been rewarded with a very positive result, said Howard in an emailed statement, first given to Bloomberg.Howard launched the AH Fund last year, as investors began to defect from Brevan Howard. The thought was that investors would be persuaded to stick with a fund which counted Howard as its sole manager.However the fund took a knock over the course of last year, as data from its investors the New York City Fire
polene Department Pension Fund and the New York City
stanley mug Police Pension Fund showed earlier this year that it lost nearly nine per cent net of fees.The AH Fund is still open to a small amount of new a
Rqty Startups eye bigger slices of the pie as venture deals scale up
Tuesday 19 November 2024 10:41 amNestle ramps up cost-cutting by another pound;2.2bn in overhaulBy: City AM reporterShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailKitKat maker Nestle has revealed plans to slash costs KitKat maker Nestle has revealed plans to slash costs by at least another 2.5bn Swiss
owala deutschland francs pound;2.2bn and spin off its premium water and drink business as part of a turnaround being led by its new boss.Re
stanley cup deutschland cently-appointed chief executive Laurent Freixe said the Swiss group will make the mammoth savings by the end of 2027 ndash; on top of an ongoing existing programme to trim costs by 1.2bn Swiss francs pound;1.1bn .It said work has already begun on key initiatives across procurement, commercial investments and structural costs as it looks to ramp up cost-cutting.The grouprsquo bosses said at its capital markets day for investors that it did not anticipate significant restructuring.Nestle has around 270,000 employees across the world.Frei
stanley mug xe said the group will use the savings to help channel spending into advertising and marketing, with investment in those areas being increased by up to nine per cent of sales by the end of 2025.Nestle added that its water and premium drinks arm will become a separate global standalone business as of January 1 next year and its new management team will evaluate the strategy for this business, including possible partnership d Jkac City Moves for 22 October ndash; Who rsquo switching jobs at Acin, Publicis Groupe and Gfinity
Tuesday 14 May 2019 2:51 pm|Updated:Wednesday 05 June 2019 8:53 amFoxconn posts fall in first-quarter revenues as demand for smartphones faltersBy: James WarringtonShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailApple supplier Foxconn has posted a sharp fall in profits and revenues for the first quarter amid declining demand for smartphones.Read more: Huawei to build 400-person chip plant near CambridgeThe Taiwanese firm, which is the world
polene rsquo largest contract manufacturer, reported revenues of T$1.05tn pound;26bn for the three months to the end of March, d
stanley mug own more than 40 per cent from T$1.8tn in the fourth quarter.Pre-tax profit was also slashed to T$30.5bn, compared to T$170bn in the previous three months. Shares in the firm, which is formally known as Hon Hai Precision Industry, fell just over one per cent following the trading update.The disappointing results come amid a downturn in the global electronics industry as consumers have become less likely to fork out for new smartphone models.Apple, which is Foxconnrsquo biggest customer, revealed sales of its flagship iPhone fell 17 per cent in the first quarter, as customers shun upgrades.The results following a shock announcement by Foxconn chairman Terry Gou, who last month unveiled plans to run for president of Taiwan in 2020.Gou said he will resign as chairman to concentrate on his presidential bid, and the firm last week published
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