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CEO projects share of sales will double as companies integrate technology into operations
...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...
...Munich Re chair Nikolaus von Bomhard and his BASF counterpart Kurt Bock were both previously the most senior operational executives at their respective groups....
...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....
...The sale of the digital commerce division to US media giant Omnicom completed this month, and Ascential’s chief executive Duncan Painter has left to join Omnicom....
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...This is lower than the targets set out by rivals such as Publicis and Omnicom for the year....
...The group estimated the rule would cost airlines $33bn over 10 years....
Purchase shines light on wealth accumulated by longtime chief executive Rich Handler
...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....
...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 American economist who once said the age of rapid innovation was over has a striking prognosis about AI
...The group of senior class A and subordinate class B bonds are securitised at the operating companies....
...IMF releases its World Economic Outlook along with Chapter 1 of its global financial stability report Results: Bank of America Q1, Bank of New York Mellon, Q1, Johnson & Johnson Q1, Morgan Stanley Q1, Omnicom...
...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....
...Rival Omnicom also reported weak earnings for the quarter last week, blaming the impact of economic uncertainty on its clients and sending its shares tumbling....
...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....
Brussels seeks explanation from iPhone-maker after group behind ‘Fortnite’ has account terminated
...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...
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...The sale to Ithaca — which is majority owned by Israel’s Delek Group — includes British assets that Eni took on with Neptune....
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