Category: Live Market News

December 04, 2023 BY Elizabeth Anderson

Alaska Air to acquire Hawaiian Airlines for $1.9bn

Alaska Air indicated the combined companies will create a robust platform for growth and competition. Benefits to consumers include a wider variety of critical air service options and more Pacific, US Continental, and international destinations. At an economic level, the expanded footprint generates long-term job opportunities and ongoing investment in local communities and environmental stewardship.…

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November 29, 2023 BY Simon Mugo

Hargreaves Lansdown (HL) Makes Multiple Board Changes Today

Currently, Alison serves as the Chair of Dechra Pharmaceuticals plc (Dechra), a specialist veterinary products business undergoing acquisition by EQT. She also holds the position of Non-Executive Director at Tesco plc and serves as the Chair of general insurer Ageas UK. Alison is expected to join HL's Board in early 2024. Alison previously served as…

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November 29, 2023 BY Simon Mugo

UK Government to Review Supermarket Loyalty Schemes

Today’s report comes after an initial assessment in July that focused on retail competition in the grocery sector. The assessment identified ten product categories, including milk, baked beans, and baby formula, for further analysis in the second phase of work to gain a deeper understanding of competition across the supply chain, focusing on own-label and…

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Barclays CEO - Venkat
November 28, 2023 BY Simon Mugo

Barclays Could Shed up to 2,500 Clients in a Cost-Cutting Move

Additionally, Barclays is considering streamlining its investment division, which might result in the departure of thousands of investment banking clients who have relatively low capital. The move towards cost savings and restructuring is driven by Barclays' desire to boost revenue and significantly reduce costs. This decision comes after reports of declining investor confidence in the…

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Hilton Foods
November 24, 2023 BY Simon Mugo

Hilton Food Group (HFG) Share Price Rose on Board Changes

In her stead, the Group is pleased to announce the appointment of Sarah Perry as an Independent Non-Executive Director, effective December 4, 2023. Sarah will also join the Audit, Remuneration, and Nominations Committees. Sarah Perry brings a wealth of experience in supply chain and logistics, notably in her current position as Vice President for integrated…

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November 10, 2023 BY Elizabeth Anderson

AstraZeneca’s Q3 financial report bodes profit growth

This is the third consecutive quarter that the company came in ahead of analyst predictions. Chief executive officer (CEO) of the Cambridge-based pharmaceutical enterprise, Pascal Soriot, said: Our company continued its strong growth trajectory in the third quarter with Total Revenue from our non-COVID-19 medicines up 13% compared to last year. To boost its future…

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October 23, 2023 BY Elizabeth Anderson

Canadian lenders urged to prepare for escalating mortgage risks

The central bank’s continued interest rate hikes, as with those in the US and other countries, ruffled the feathers of the local mortgage market, which sits at an estimated C$2tn. Known as negative amortisation, this irregularity occurs when homeowners can only cover their monthly interest payments and not make a dent in the mortgage itself.…

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