Neil Woodford has been ousted as manager of his flagship LF Woodford Equity Income Fund, which will now be wound up to pay back investors trapped in the fund since June.
Plane parts maker FACC’s operating profit fell 6% in the second quarter as it produced fewer components for the Airbus A380 and Boeing 737NG jets being phased out and start-up costs for new cabin interiors bit.
Japan’s Takeda Pharmaceutical Co Ltd said on Tuesday it will sell a portfolio of over-the-counter (OTC) and prescription medicines in the Middle East and Africa to Swiss pharmaceuticals company Acino for more than $200 million. The sale, which Takeda said in a statement is expected to close in the quarter ending March, comes as Japan’s biggest drugmaker looks to trim its debt following the $59 billion purchase of Shire. …read more […]
Private equity firm Blackstone Group said on Tuesday it would launch a tender offer for Japan’s Unizo Holding at 5,000 yen ($46) a share, firing back after its earlier bid for the hotel chain was rebuffed.
The Indian government is looking into whether hefty discounts offered on Walmart-owned Flipkart and Amazon.com during their online festive sales violate foreign investment rules, a commerce ministry official told Reuters. India introduced new rules in February aimed at protecting the 130 million people dependent on small-scale retail by deterring big online discounts. …read more […]
Volkswagen has postponed the final decision whether to build a car plant in Turkey, a company spokesman said, amid international criticism of the country’s military operation in Syria and concerns about potential reputational fallout.
Fund manager Neil Woodford has criticized a fund administrator decision to close his suspended flagship fund on Tuesday, after a four-month lockdown that has seen values plunge by hundreds of millions of pounds.
Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won ($34.65 billion) in mobility technology and strategic investments by 2025, as South Korea’s top automaker accelerates its attempts to catch up in the self-driving car race.
Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won ($34.65 billion) in mobility technology and strategic investments by 2025, as South Korea’s top automaker accelerates its attempts to catch up in the self-driving car race. The plan, which Hyundai said encompassed autonomous, connected and electric vehicles, comes after the company and two of its affiliates announced an investment of $1.6 billion in a joint venture with U.S. self-driving tech firm Aptiv . Hyundai’s plan also received a boost from the South Korean government, which said on Tuesday that it plans to spend 1.7 …read more […]
Oil prices fell on Tuesday, after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude oil importer’s energy demand growth.
Embattled money manager Neil Woodford’s suspended LF Woodford Equity Income Fund is to be wound up, the fund’s authorized corporate director Link Fund Solutions (LFS) said on Tuesday.
From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with Brexit.
Volkswagen has postponed its final decision to build a car plant in Turkey amid international criticism of the country’s military operation in northern Syria and concerns about potential reputational fallout, Handelsblatt reported on late on Monday.
Volkswagen has postponed the final decision whether to build a car plant in Turkey, a company spokesman said, amid international criticism of the country’s military operation in Syria and concerns about potential reputational fallout. “We are carefully monitoring the current situation and look with concern at current developments,” a company spokesman said on Tuesday. Earlier this month, Volkswagen established a subsidiary in Turkey’s western Manisa province, while the company said that it was still in the final stages of negotiation and that it had not made a final decision on the factory. …read more […]
Shared office space company WeWork Companies Inc is leaning toward a near $5 billion financing package led by JPMorgan Chase & Co, instead of selling a controlling stake to Japan’s SoftBank Group Corp, Bloomberg reported https://bloom.bg/2pl8JmL late on Monday. The debt package may include at least $2 billion of unsecured notes with a 15% coupon, Bloomberg reported. …read more […]
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