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Polestar
Hertz pauses plans to buy electric vehicles from Polestar this year
...EV sales growth has slowed around the world, as mass market consumers display more scepticism about the technology and higher prices than had been expected....
February 5, 2024
Property sector
Duke of Westminster’s property group launches £900mn lending arm
...It has financed projects including 316 rental homes in Bath and a joint loan with insurance group Generali for 65 homes for sale in Canary Wharf....
March 23, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Mondelez International Inc
EU set to fine Oreo maker Mondelez for blocking cross-border sales
...US confectionery giant Mondelez will be fined millions of euros as early as next month for restricting sales of its products between EU member states, according to three people with direct knowledge of the...
April 16, 2024
Semiconductors
South Korean chipmakers halt old equipment sales over fears of US backlash
...Samsung and SK Hynix are large sources of second-hand equipment supply due to the rapid turnover of tools as memory chipmakers move swiftly from one generation of chip to the next....
March 12, 2024
News updates from March 5: China targets 5% GDP growth in 2024, Gold and Bitcoin hit record highs
London rental market starting to ‘normalise’, says Foxtons
...The London rental market has started to “normalise” after a year of short supply and record recent increases in rents, according to Foxtons, with fewer prospective tenants chasing each listing....
March 5, 2024
News updates from March 15: US home fees set to fall; Foxconn boosts outlook on AI hopes
Hertz replaces CEO as rental group continues pivot away from EVs
...With demand for internal combustion engine cars remaining robust, Hertz’s fleet sale added to the EV industry’s struggles, including: price cuts and warnings of a sector ‘bloodbath’; cancelled planned listings...
March 15, 2024
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
LexProperty sector
Holiday rental curbs won’t stop complaints about Airbnb Premium content
...Other countries and cities have already taken action. New York began in September enforcing a de facto ban on short-term rentals. Barcelona was an early mover against sites such as Airbnb....
February 24, 2024
Hammerson PLC
Brent Cross and Bullring owner reports first rise in rental values since 2017
...Hammerson reported gross rental income rose 6 per cent on a like-for-like basis, and signed 306 new leases at rents 37 per cent higher than previous rates....
February 29, 2024
Bird Rides Inc
Electric scooter rental pioneer Bird files for bankruptcy
...The company aims to complete a sale process within 120 days. Its European and Canadian businesses are not part of the bankruptcy filing....
December 20, 2023
UK property taxation
Treasury urged to reverse end of stamp-duty relief for multiple dwellings
...The property groups said the changes have an immediate impact because the tax that a buyer would have to pay on an eventual property sale factors into their current valuations and plans for development and...
April 14, 2024
Property sector
Over half of UK rented homes are in areas with £1,000 a month average rents
...Only a rapid and sustained expansion in rented housing will start to improve affordability for UK renters,” said Richard Donnell, executive director at Zoopla....
March 20, 2024
Apple Inc
Apple loses smartphone crown to Samsung as Chinese rivals gain ground
...Apple lost its lead in the global smartphone market at the start of 2024, with iPhone sales falling 10 per cent as lower-cost Chinese rivals such as Xiaomi experienced rapid growth....
April 15, 2024
Tesla Inc
Tesla shares drop 12% after sales growth warning
...After years of rapid growth, Tesla’s latest earnings reflect concerns about stalling global demand for electric vehicles and that the world’s most valuable carmaker has entered a new era of lower sales growth...
January 25, 2024
Lex PopuliPersonal Finance
Athleisure shares appear out of shape
...Lululemon’s sales in mainland China were up 60 per cent year on year in the latest quarter on a constant currency basis, and now make up nearly a tenth of total sales....
March 29, 2024
Due Diligence
How buying Teslas hurt Hertz Premium content
...Saying goodbye to ice cream means hiving off a division that accounts for about 16 per cent of Unilever’s overall sales....
March 20, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
Airbnb Inc
French mayors take on Airbnb amid a housing squeeze
...However, they have also removed some housing stock from the long-term rental market and hollowed out neighbourhoods....
January 27, 2024
News in-depthGreggs PLC
Greggs on a roll as low prices and savvy marketing aid rapid expansion
...Eat, and that it was on track to double its sales in the five years to 2026....
March 8, 2024
Hertz Global Holdings Inc
How Hertz’s bets on Tesla and a Goldman veteran veered off course
...He even drew parallels between managing hundreds of thousands of rental cars and the risk management skills he had honed during almost three decades at Goldman....
March 20, 2024
Live news: Superdry proposes delisting and sweeping restructuring plan
Markets update: European stocks fall in global sell-off as rate cut hopes recede
...However, disappointments in industrial output and retail sales suggested the recovery may not yet be on solid ground....
April 16, 2024
Foxtons Group PLC
Foxtons upbeat on home sales
...Foxtons has sought to increase its activity in the rental market, which has held up better than property sales amid a deteriorating economic climate....
January 25, 2024
LexNetEase Inc
‘World of Warcraft’ return to China will bring peace to NetEase investors Premium content
...Analysts estimate that NetEase, as the publisher of Blizzard games in China, made as much as 5 per cent of its total sales from Blizzard games before the partnership was terminated....
April 13, 2024
Live news: Yen falls below ¥154 for first time since 1990
Yen falls below ¥154 for first time since 1990
...The currency weakened to as low as ¥154.42 per dollar on Monday afternoon in New York, as traders scaled back bets on rapid interest rate cuts from the US Federal Reserve following strong retails sales data...
April 15, 2024
UK property
UK estate agents see house sales and demand rise for first time since 2022
...The survey measures the difference between the percentage of UK surveyors registering rises and falls in agreed home sales....
February 8, 2024
LexWeWork
Who would want to back Adam Neumann’s plan to save WeWork? Premium content
...But WeWork made its name with eye-catching, city centre offices, rapid expansion and the lofty goal of changing the way that the world works....
February 15, 2024
Letter
Letter: Defusing UK housing time bomb needs non-trivial intervention
...Someone must take the risk in exchange for the reward of future rental growth. It could be the government, as under the old arrangements....
April 10, 2024

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