1.Deliveroo:-Food delivery company Deliveroo said the gross transaction value (GTV) of orders on its platform rose 36% year-on-year in the fourth quarter, resulting in it hitting the top of its guidance range with a 70% rise for the year. Food delivery boomed during the COVID-19 pandemic when pubs and...
1.TOSHIBA:–Toshiba Corp’s proposal to split itself into three companies won’t solve its governance issues and the conglomerate should prioritise an overhaul of its board and management, said a senior executive at one of Japan’s largest pension funds. Ken Hokugo, corporate governance director at the Pension Fund Association (PFA), said...
1.TOSHIBA-The second-largest investor in Japan’s Toshiba Corp on Thursday called for an extraordinary general meeting, seeking to force the company to win two-thirds support for a three-way breakup plan that has angered some major overseas shareholders. The proposal by Singapore-based hedge fund 3D Investment Partners marks the latest in...
1.DYSON–Dyson’s Malaysian supplier ATA IMS Bhd will work with the national human rights institution to improve its environmental, labour and social and governance (ESG) practices, the parts maker said on Monday. The electronics manufacturing services company said it will work with the Human Rights Commission of Malaysia, known locally...
1.BANK OF AMERICA:-Gulf exchanges are likely to have another busy year of initial public offerings (IPOs) in 2022, possibly surpassing this year’s bumper crop, a Bank of America executive told Reuters. After a year that featured three major IPOs on both Abu Dhabi’s ADX and Saudi Arabia’s Tadawul markets,...
1.ALIBABA:-Alibaba Group Holding Ltd said on Friday that sales during its annual Singles’ Day shopping frenzy grew 8.5%, the slowest rate ever, underscoring strong regulatory and supply chain headwinds for China’s tech firms. The Chinese e-commerce juggernaut said sales, or “gross merchandise value” (GMV), over its 11-day Singles’ Day...
TOP 5 STOCKS TO WATCHOUT:- ANT GROUP China’s Ant Group said on Monday that it is making efforts to “differentiate” part of its short-term consumer loan business Jiebei, as it pursues a Beijing-led restructuring aimed at reining in some of its freewheeling businesses. Ant, the financial affiliate of e-commerce...
1.DAIMLER:-Daimler AG reported a higher quarterly profit on Friday despite a 30% drop in Mercedes-Benz unit sales due to a global semiconductor chip shortage, as it focused on more profitable cars and cut costs, and said it should meet its 2021 profit targets. The German premium carmaker said it...
1.SONY:-Japan’s Sony Group Corp on Thursday squeezed out a surprise 1% rise in operating profit for its second quarter though costs from growing sales of its PlayStation 5 (PS5) console pressed on margins. Weaker profitability in the key games segment could also not stop the group hiking its full-year...
1.TESLA:- U.S. electric car maker Tesla Inc on Sunday rolled back the latest version of its Full Self-Driving (FSD) beta software, less than a day after its release after users complained of false collision warnings and other issues. The setback comes as Tesla is under regulatory scrutiny over the safety...