PSV 2 Arsenal 0: Ruthless Dutch side thrash Gunners with Arteta forced to wait to secure top spot in Europa League group

ARSENAL’s plans to put their feet up in Europe have been scrapped after Mikel Arteta’s weary team continue to run out of steam. They arrived in Eindhoven only needing a point to be sure of winning their group after an electric start to their Europa League campaign. 4 Joey Veerman opened the scoring for PSV … Read more

HSBC Shares Slide After Group Announces Departure of CFO Ewen Stevenson

By Scott Kanowsky — HSBC Holdings PLC (LON:) has announced that chief financial officer Ewen Stevenson will step down from the role at the end of 2022, as the lender looks to overhaul its leadership team with the end of a multi-year plan to transform the business approach. In a statement, the bank said Georges … Read more

RIL to restructure group EPC resources

New Delhi, Oct 21 (IANS) The Board of Reliance Industries Ltd (NS:) (RIL) on Friday approved a scheme of arrangement under which the EPC and infrastructure undertaking of Reliance Projects and Property Management Services Ltd (RPPMSL), a wholly-owned subsidiary of RIL, is proposed to be demerged into RIL. This demerger, together with the existing EPC … Read more

Volvo Group Dips After Truckmaker Warns of Cost Pressures, Supply Disruptions

By Scott Kanowsky — Volvo, AB ser. B (ST:) warned that it faces ongoing cost pressures due to supply chain constraints and soaring inflation despite the Swedish truckmaker posting a rise in and revenue in the third quarter. Operating income during the three-month period jumped by more than 26% year-on-year to SEK 11.87B, as an … Read more

ASOS Shares Rise as Group Reports Improved Trading to Start 2023 Fiscal Year

By Scott Kanowsky — Shares in ASOS PLC (LON:) surged on Wednesday after the online fashion retailer unveiled an uptick in performance to begin its 2023 fiscal year and laid out a timeframe to return to positive cash generation despite soaring inflation weighing on consumer spending. The U.K.-based group said trading in September showed a … Read more

Zee Entertainment to be the biggest media group in India after merger

The shares of Zee Entertainment (NS:) Enterprises Limited were trading 3.5 per cent higher at Rs 273 levels on Tuesday afternoon. The stock has remained volatile in the last month and has inched marginally by 2.3 per cent. Recently, the shareholders of the media company have approved the proposed merger of their business with its … Read more

Rekha Jhunjhunwala Adds Stake in This Tata Group Stock During Q2, LIC Pares

By Malvika Gurung — Rekha Jhunjhunwala, the wife of late Indian ace investor or ‘Big Bull’ Rakesh Jhunjhunwala, has picked up additional shares of the telecommunications company Tata Communications (NS:) in the July-September quarter. According to the latest shareholding pattern released by the company, Rekha Jhunjhunwala has increased her shareholding in the Tata firm during … Read more

Auto Supplier ZF Group Signs Deal with Nio By

© Reuters By Michael Elkins October 11th, German auto parts supplier, ZF Group signed a strategic cooperation agreement with electric vehicle maker, Nio Inc (NYSE:) to cooperate on steering-by-wire products and other fields. Under the agreement, the two companies will establish an instant information sharing mechanism to step up communication and conduct regular technical exchanges, … Read more

Royal Mail Shares Slide as Group Unveils Job Cuts After H1 Loss

By Scott Kanowsky — London-listed shares in International Distributions Services PLC (LON:) slid sharply on Friday after the British postal service unveiled plans to deeply slash jobs in an attempt to begin “rightsizing” the business in the wake of a first-half loss. In a trading update ahead of its next results on November 17, … Read more

Ashmore Group Q1 Assets Under Management Fall by Estimated $8B

By Scott Kanowsky — Ashmore Group PLC (LON:) saw its assets under management slip by $8 billion in its first quarter, as geopolitical and economic uncertainties led investors to shy away from riskier bets. The U.K.-based firm, which specializes in emerging markets, said in a trading update on Friday that the total value of … Read more