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Mondelez International Inc
EU set to fine Oreo maker Mondelez for blocking cross-border sales
...Mondelez said: “We are co-operating with the investigation and engaging with the European Commission in an effort to reach a proportionate resolution to this matter....
April 16, 2024
News in-depthTikTok Inc
How TikTok’s Chinese owner tightened its grip on the app
...TikTok hit a record $16bn in sales in the US in 2023, the FT reported last month....
April 25, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Semiconductors
South Korean chipmakers halt old equipment sales over fears of US backlash
...The South Korean semiconductor companies typically bundle used equipment into packages before selling them to dealers who put them up for sale at auctions....
March 12, 2024
Stripe Inc
Stripe in ‘no rush’ to go public as cash flow turns positive
...We hit dual milestones of $1tn in payment volume and being cash flow positive,” said John Collison, Stripe’s co-founder and president....
March 13, 2024
Transcript
Transcript: Big business bets on Modi
...Sales for foreign luxury cars in South Korea are down since the rule took effect this year. Bentley sales even dropped 77 per cent in the first quarter, and analysts are blaming it on the neon green....
April 19, 2024
Special ReportFT High-Growth Companies Asia-Pacific
Zypp Electric rides India’s growing EV market to top FT ranking
...Inspired by China’s rising electric mobility, Gupta convinced his wife Rashi Agarwal, who ran a fashion business, to help him co-found Zypp Electric in 2017....
April 3, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Frieze LA 2024
Los Angeles’ artist-run spaces offer bold ideas and mutual help in a precarious market
...So while the work exhibited in these spaces is often available for sale should someone inquire, the goal, says Joshua Schaedel, co-founder of The Fulcrum, is “no, never make any money”....
February 24, 2024
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...Sales of battery electric and plug-in hybrid cars could rise more than 20 per cent to reach 17mn this year, up from just under 14mn in 2023, and grow to account for as much as two-thirds of global sales...
April 23, 2024
Financial services
How’s the PE Winter looking?
...Last year, 80 per cent of exits were sales to corporate buyers ($271bn). The next most popular exit was sales to other PE firms ($62bn)....
April 25, 2024
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...From 2025, European carmakers must comply with new standards for average fleet CO₂ emissions. Some are offering discounts on BEVs to avoid fines next year....
April 23, 2024
Walt Disney Co
Nelson Peltz backed for seat on Disney board by proxy adviser ISS
...Chris Rossbach, a fund manager at J Stern & Co, said it had voted in favour of Disney’s board recommendations....
March 21, 2024
Drug prices
Copycats take bite out of AbbVie’s best-selling Humira drug
...When AbbVie’s record-breaking immunology drug Humira came off-patent early last year after generating more than $200bn in sales for the drugmaker over two decades, a number of cheaper copycat products, known...
April 25, 2024
The FT ViewThe editorial board
The electric vehicle revolution is running out of steam
...Luca de Meo, Renault’s chief executive, has called for the EU to adopt an Airbus-like approach to EV production, with more industrial co-operation and public investment....
April 10, 2024
The Art Market
Sotheby’s set to make record for Surrealist Leonora Carrington
...Poly’s main sale of Modern and contemporary art was within estimate at HK$68mn (including fees) on April 7, though its equivalent sale last year made HK$148mn....
April 18, 2024
BYD Co Ltd
BYD loses EV throne to Tesla as sales slip
...“It actually slowed down sales when that happened.”...
April 2, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...The retailer said there were levers it could pull to offset this, such as growing its co-branded credit card business....
April 5, 2024
Apple Inc
Apple loses smartphone crown to Samsung as Chinese rivals gain ground
...Despite consumers increasingly opting for more expensive devices that they hope will last longer, Apple has experienced a slump in iPhone sales in China....
April 15, 2024
BYD Co Ltd
BYD misses profit forecasts as Huawei challenge emerges
...BYD profits rose last year but fell short of expectations as Tesla’s main Chinese rival felt the brunt of intensifying competition and slowing sales growth....
March 26, 2024
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...Total hybrid sales of about 1.2mn cars matched EV sales figures. For Toyota, hybrid sales increased 47 per cent year on year in the December quarter, far outpacing total group sales growth of a tenth....
March 5, 2024
Johnson & Johnson Co Inc
Johnson & Johnson buys device maker Shockwave for $13.1bn
...J&J’s medtech division has outstripped the growth of the company’s drugs and diagnostics business, generating $30.4bn in sales last year, or 35 per cent of group revenues....
April 5, 2024
Private equity
Dealmaking slowdown leaves private equity with record unsold assets
...The numbers, revealed in consultancy firm Bain & Co’s annual private equity report, show how rapidly the industry has grown over the past decade, as well as the challenges it faces from higher interest rates...
March 11, 2024
News in-depthDementia
Alzheimer’s drug Leqembi falls short of blockbuster status in faltering US rollout
...Nonetheless, analysts have forecast bumper sales for the two drugs given the 7mn Americans and more than 50mn people worldwide suffering from Alzheimer’s....
April 22, 2024
US Dollar
Hedge funds ditch bearish dollar bets as US ‘exceptionalism’ fuels rally
...On CBS’s 60 Minutes, aired on Sunday, Fed chair Jay Powell said that he expected about three quarter-point rate cuts this year....
February 8, 2024
LexPersonal & Household Goods
Viral TikTok fashion trends pose new threat to fast fashion’s leaders Premium content
...Uniqlo’s growth is strong, with overseas sales rising nearly a quarter in the three months to November. Its simple designs have a solid fan base....
February 7, 2024
LexStreaming services
Disney, Fox and Warner sports streaming platform foreshadows consolidation Premium content
...But ESPN’s annual cash flow is too valuable to give up in a sale or spin-off....
February 7, 2024

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