discussions between the two companies ended in a stalemate over their differing opinions of the value of any proposed deal. ROO shares are listed on the LSE, and they rose by 6% early on Wednesday before falling back to end the day with a 1.2% increase that left the company valued at £2.1bn ($2.6bn). That…
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Analysts reportedly regard this financing as an attempt to catch up with industry developments and predicted that it may be years before Volkswagen reaps the benefits. According to CNBC, the head of thematic intelligence at GlobalData, Cyrus Mewawalla, said: Volkswagen has fallen behind in two areas, on electric vehicles themselves, but also on autonomous driving…
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This move has been typed as a safe, in-house appointment and follows the SNB succession trends. Widely seen as Jordan’s personal successor choice, Schlegel will also become the head of Department I in Zurich. At age 47, he will be the second-youngest chairman in the history of this institution. The Swiss government also announced that…
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Interviewer: Hi Drew, thanks for joining us today. We're thrilled to have you on board at ATFX this year. As the Chief Strategy Officer at ATFX, could you share with us why you joined ATFX and some specific strategies or initiatives you plan to implement in your new role to drive the company's growth and…
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With its collapse in November 2022, approximately 9 million FTX customers and investors suffered billions of dollars in losses. Since its bankruptcy filing, the company recovered roughly $16bn with which to repay the aggrieved customers. This includes $12bn in cash. Based on a Reuters report, FTX plans to ask US Bankruptcy Judge John Dorsey to…
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The financial watchdog indicated that the company, which supplies regenerative phosphate and organic fertilisers in Australia and North America, issued deceptive statements regarding its reforestation initiative in the Philippines. According to the allegations, Fertoz, which is listed on the Australian Securities Exchange (ASX), included misleading eco-based statements in a presentation published on this index. The…
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Arnault is the richest man in Europe, with the title of chief executive and chairman of LVMH. His new stake in CHF is said to be relatively small and so far has been classed as a personal investment. Despite this, the news has caused some analysts to suggest that he could be planning a takeover…
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Over 15,000 auto dealers across North America use the CDK software, and several were impacted by the hack. Among them is AutoNation, Inc. (AN), a US-based automotive retailer, which indicated that the breach and system downtime affected its business. Despite the disruption, the trader continued to sell, service and buy vehicles. Reuters quoted the company,…
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Financial experts have found the timing of this IPO filing odd as the company is still waiting on approval from Chinese authorities. This potential listing could attain a value of roughly £50bn and would likely be one of the biggest in London in 10 years. The filing is an application and does not mean automatic…
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AERL has already been forced to cancel over 200 flights, which led to disruption for more than 35,000 passengers, as the dispute ramps up. The Irish airline’ pilots taking the action are part of the Irish Air Line Pilots’ Association (IALPA). They’re looking for their pay to be increased by 24% to take into account…
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