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...Have a tasty weekend, Helen ThomasHead of Lex...
...The company’s board is close to announcing the result of a strategic review, which is looking at a range of options for the future of the group including a wind-down and sale of its assets....
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...Have a great week, Helen ThomasHead of Lex...
...China’s outbound M&A of $2.5bn is the lowest recorded amount over the same period since 2005. Read more here...
...At 90p a share, the bid reflects a premium of about a third to the closing price of the stock on Wednesday and is about 4 per cent higher than the net asset value in September, of $1.11 a share....
...Pulling off a business revival, whether it is pivoting to a new opportunity (generally as a core market fades) or resurrecting a business from a scandal or mishap, is difficult stuff — full of ambitious...
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...Thomas Wrathmell, the executive overseeing the shake-up, said the BBC was “disappointed by some of the commentary in the committee’s report and look forward to addressing the issues raised when we provide...
...Helen Thomas will be back next week. Have a great week, Nathalie ThomasLex writer nathalie.thomas@ft.com...
...At the end of 2020 Volkswagen opened a research and development centre in Anhui province, and owns a major stake in Guoxuan, a Chinese battery firm....
...It also has a wealth management joint venture with Agricultural Bank of China, in which it has a 51 per cent stake....
...Fixed asset investment grew 4.5 per cent against a year earlier in the quarter, boosted by a 9.9 per cent increase in manufacturing investment that was offset by a 9.5 per cent fall in property investment...
...Thomas Jordan informed the SNB he would step down at the end of September. “The Bank Council and the Governing Board greatly regret Thomas Jordan’s decision,” the central bank said in a statement....
...Cobalt, like other battery metals, is in a bear market, thanks to supply growth. That is an opportunity for the automotive sector. Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...Silver Lake’s money helps Viavi do a deal that looks a good strategic fit. The private equity group, meanwhile, gets a downside-protected route into a company’s share capital....
...At a Shanghai store run by Chagee, a popular milk tea brand that allows customers to order at a discounted price of Rmb16 on a WeChat app, Jing Li, 30, was buying a set of takeaway drinks for her colleagues...
...The National Bureau of Statistics on Tuesday reported a 6.1 per cent rise in industrial production and a nearly 10 per cent increase in manufacturing investment, which helped bolster a better than expected...
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