Online fashion retailer ASOS Plc on Wednesday revamped its board by naming several new directors, including Ocado Solutions Chief Executive Officer Luke Jensen, as it looks to bounce back from a string of profit warnings.
Samsung Electronics Co Ltd has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market.
Veteran investor Martin Gilbert will leave Standard Life Aberdeen next year, ending a career spanning more than three decades at the helm of one of Britain’s most successful asset managers.
Veteran investor Martin Gilbert will leave Standard Life Aberdeen next year, ending a career spanning more than three decades at the helm of one of Britain’s most successful asset managers. Gilbert oversaw the meteoric rise of Aberdeen Asset Management, the small company he co-founded in 1983 with just 50 million pounds in assets, to what became the country’s biggest listed fund firm at the time of its 11 billion pound merger with Standard Life in 2017. Touted as a strong tie-up of two of Scotland’s biggest financial services companies, Gilbert and Standard Life peer Keith Skeoch initially …read more […]
Manufacturing weakened in September for the second straight month. …read more […]
The owners of Paddy Power Betfair and Poker Stars have agreed to merge in an all-share deal that will create the world’s largest online betting and gambling company by revenue to take advantage of the opening up of U.S. markets.
(Bloomberg) — This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s.OPEC’s oil production tumbled the most in 16 years last month after the worst-ever attack on Saudi Arabia’s energy infrastructure temporarily halved its output. Earlier in the summer, Russia’s Druzhba contamination crisis forced it to make sharp output cuts and U.S. financial sanctions on Iran remain in force.And yet, Brent crude has averaged around $66 a barrel for most of 2019, far from a price which suggests the world faces an oil shortage. As Russian …read more […]
Online fashion retailer ASOS Plc appointed four new independent non-executive directors from several major British companies on Wednesday as it looks to bounce back after a string of profit warnings.
Samsung Electronics Co Ltd said on Wednesday it suspended production at its mobile phone factory in China at the end of September.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios… …read more […]
Huawei Technologies Co Ltd’s newly launched Mate 30 devices have lost their access to manually install Google’s Android apps, Bloomberg reported on Tuesday.
Oil rebounded from several days of falling prices after industry data showed a surprise drop in U.S. crude inventories and offset weak economic readings in the United States that have depressed global stock markets.
Tesla Inc’s China factory aims to start production this month but it is unclear when it will meet year-end production targets due to uncertainties around orders, labor and suppliers, sources with knowledge of the matter said.
Tesla Inc’s China factory aims to start production this month but it is unclear when it will meet year-end production targets due to uncertainties around orders, labor and suppliers, sources with knowledge of the matter said. The plant’s mass production schedule is crucial for Tesla’s hopes of reaching its total production rate at an annualized 500,000 vehicles by the end of this year. The $2 billion factory – Tesla’s first car manufacturing site overseas – gained key government approvals last month and is on schedule to start production in October, the sources said. …read more […]
Tesco , Britain’s biggest retailer, said on Wednesday its chief executive Dave Lewis will step down next summer and be succeeded by Ken Murphy, an executive at Walgreens Boots Alliance .
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