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CEO projects share of sales will double as companies integrate technology into operations
...Munich Re chair Nikolaus von Bomhard and his BASF counterpart Kurt Bock were both previously the most senior operational executives at their respective groups....
...Ogilvy, which has previously worked with a host of pharma groups including Pfizer and Johnson & Johnson, is launching a business that offers vetted influencers to talk about illnesses and possible solutions...
...Marlboro maker Altria Group said it plans to sell more than $2.2bn worth of its shares in Budweiser and Beck’s brewer AB InBev....
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...Tobacco group Altria, media conglomerate Comcast, cruise company Royal Caribbean and chocolate-maker Hershey reported third-quarter earnings on Thursday....
...The group estimated the rule would cost airlines $33bn over 10 years....
...The group projected low-single digit growth in revenues and adjusted profits on an organic basis next year....
...Meanwhile, the entity in question — Change Healthcare — is restoring its systems, after reportedly paying a $22mn ransom to the BlackCat hacker group. But investors should pay close attention....
...Billy Gifford, Altria chief executive, said the move was the “appropriate path forward for our business”....
...By contrast, concert promotion, by far Live Nation’s biggest division with 82 per cent of group revenue, pulled in only 17 per cent of total AOI....
...The US group wrote down the value of its 35 per cent stake in Juul to just $250mn before swapping it for intellectual property rights to some of Juul’s heated tobacco prototypes....
The American economist who once said the age of rapid innovation was over has a striking prognosis about AI
...The share of groups disclosing investor materials in English has climbed to 97 per cent, from 80 per cent in 2020....
...That segment is dominated by UK-listed Gym Group and private equity owned PureGym....
...But investors have soured on the group as it competes in a costly streaming battle with larger competitors such as Disney and Netflix....
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
Brussels seeks explanation from iPhone-maker after group behind ‘Fortnite’ has account terminated
...Lok’nStore is set to become the latest company to leave the UK stock market, after the self-storage group agreed to be bought by Belgian-listed rival Shurgard for £378mn....
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...Altria declined to comment. Njoy did not immediately respond to a request for comment....
...Since then, SIG has put over $3.5bn into more than 350 Chinese start-ups, making Yass’s group among the leading foreign venture capital firms in the country, according to research group ITjuzi....
...Pharmaceuticals groups Pfizer and Moderna, which have both faced criticism from fringe groups over their Covid-19 vaccines, also spent heavily on security for their CEOs last year....
...It also opened proceedings against Meta over whether the group’s new “pay or consent” subscription model complied with the DMA requirement for gatekeepers to obtain user agreement to “combine or cross-use...
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