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News updates from January 23: Turkey votes for Sweden’s Nato bid, Netflix adds 13mn new subscribers
Procter & Gamble quarterly sales fall short of expectations
...The household goods and personal care company booked a 3 per cent rise in revenue for the three months to December, thanks in part to higher consumer prices, especially in North America....
January 23, 2024
Scoreboard
F1’s big Las Vegas gamble Premium content
...vendors to travel companies, according to a report last month from brokerage Jefferies....
November 18, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
TikTok Inc
TikTok ban bill put on faster track through US Congress
...The House in March overwhelmingly backed a bill to force ByteDance, the Chinese owner of TikTok, to divest it within 180 days or else app stores would be banned from distributing it....
April 17, 2024
News updates from March 12: US House votes through bill to ban TikTok; Geert Wilders announces he will not be Netherlands PM
US House votes through bill to ban TikTok
...The US House of Representatives has voted overwhelmingly to approve a bill that would ban app stores from distributing TikTok if its Chinese owner does not divest ownership of the video-sharing platform....
March 13, 2024
UK energy
UK backs gas-fired power plants in latest shift in green policy
...Outlining the plans on Tuesday to back more electricity generation from fossil fuels, the prime minister said he would “not gamble with [Britain’s] energy security” despite plans to decarbonise the electricity...
March 12, 2024
News in-depthMark Cuban
Mark Cuban considers his next gamble after sale of Dallas Mavericks stake
...They sold the company they created, Broadcast.com, to Yahoo for $5.6bn in 1999 at the peak of the dotcom boom....
December 8, 2023
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
TikTok Inc
US bill would ban TikTok from app stores unless ByteDance divests it
...The Biden administration and the previous Trump administration both identified TikTok as a security risk, partly because Chinese law requires domestic companies to share data when requested by Beijing....
March 6, 2024
Procter & Gamble Co
P&G points to stronger consumer demand and slowing price rises
...Investors and economists were watching the US consumer products company, the first of its peers to report earnings for the three months to December, for clues to whether inflation-wearied consumers may have...
January 23, 2024
LexReckitt Benckiser Group PLC
Reckitt Benckiser: too many sterile quarters leave share price flat Premium content
...Licht is the third chief executive in that time. Eisenhardt’s experience at Nike, and before at Proctor and Gamble, includes work on emerging markets. This is 40 per cent of Reckitt sales....
August 23, 2023
Autumn Statement
Jeremy Hunt makes political ‘gamble’ with no new money for NHS England
...into an election year, it’s a gamble not to fully address the size of the funding gap facing the NHS.”...
November 22, 2023
Corporate bonds
Comment est-ce qu’on dit “J Screwed”?
...Further, the vast scale of Altice’s debt complex and its need to frequently access capital markets was not incentive enough for the company to play nice, as many lenders had expected....
April 16, 2024
HTSI
Uncut gems: are they worth the gamble?
...“For more than 18 months, the stone was meticulously studied, scanned and then expertly cut and polished,” says François Graff, CEO of the company....
November 6, 2023
On Wall StreetRupak Ghose
Is Wall Street too focused on league tables?
...In FICC, it trades much like banks, offering liquidity of trade in and distributing prices to the buy side through platforms such as Bloomberg. It is the market leader in US Treasuries trading....
April 6, 2024
Cryptofinance
PayPal’s crypto gamble Premium content
...That admission caused its token to temporarily depeg from the dollar and kick-started the company losing roughly 40 per cent of its pre-SVB share of the stablecoin market....
August 11, 2023
LexCVC Capital Partners Ltd
CVC’s beauty IPO shows private equity must pretty up sales for success Premium content
...But breaking the ice on Europe’s IPO market with such a big offering was a gamble....
March 4, 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
TikTok Inc
US House votes through bill to ban TikTok
...The US House of Representatives has voted overwhelmingly to approve a bill that would ban app stores from distributing TikTok if its Chinese owner does not divest ownership of the video-sharing platform....
March 13, 2024
News in-depthNigeria
Currency crisis pushes consumer groups from Nigeria
...The deepest cut has come from American group Procter & Gamble, which in December announced that it would cease in-country production and switch to importing into the west African nation....
April 14, 2024
LVMH
LVMH veteran to leave role as deputy to CEO Bernard Arnault
...The Italian executive joined the company from consumer products group Procter & Gamble, where he worked in various roles in the US and Europe....
March 21, 2024
Pensions industry
BP to book $700mn windfall due to pension tax changes
...“Companies are exploring avenues such as merging group schemes to maximise the benefits of surplus funds and schemes are establishing frameworks outlining agreed terms for distributing future surplus above...
February 10, 2024
News in-depthRepublican Party US
‘It could backfire’: Kevin McCarthy’s Biden impeachment gamble
...through shell companies....
September 13, 2023
Brazil
Brazil rolls out dengue vaccines as cases rise sharply
...This month Brazil started distributing a vaccine produced by Japanese pharmaceutical group Takeda....
February 25, 2024
LexClimate change
Corporate backsliding on climate pledges can’t be justified Premium content
...That is about a quarter of the cohort that had signed up in the first place: it includes sustainability heavyweights such as Unilever, Procter & Gamble, Microsoft, Walmart and Diageo, as well as Iberia and...
March 15, 2024
TikTok Inc
US lawmakers tune out TikTok lobbying to advance bill to ban app
...The bill would ban app stores from distributing TikTok unless ByteDance divests the app within 180 days after passage....
March 8, 2024
Walt Disney Co
Top proxy adviser Glass Lewis backs Disney’s Iger in Peltz fight
...Peltz is best known for his activist campaigns at consumer goods companies such as Procter & Gamble, Wendy’s and Unilever....
March 18, 2024
News updates from September 5: Oil rises above $90 a barrel, Spanish women’s football manager sacked
OTPP buys control of 7IM for £255mn
...Following the deal, 7IM will continue with its existing strategy, led by chief executive Dean Proctor. Read more about OTPP and 7IM here....
September 5, 2023

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