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...He previously worked at insurance group Aviva for more than a decade....
...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....
...A group of retired partners, including three former chief executives, are negotiating with the current leadership to try to get a better deal....
...Volvo Cars will cease providing funding to its lossmaking electric Polestar sub-brand, as it released figures showing that group profits fell 17 per cent last year....
...Polestar, Volvo’s upmarket EV brand, loses money. Volvo owns a 48 per cent share of Polestar. Its losses, plus those of other associates, weigh on group operating earnings....
...Volvo, which owns 48 per cent of Polestar, will consider offloading its shares in the company to Geely, it said on Thursday, which would make the group a significant shareholder in Polestar....
...After the sale completes, its shareholding in Volvo will be 78.7 per cent....
...Big share price moves in Europe today include UK-based packaging company Mondi, Sweden’s Avanza and automobile group Volvo Cars....
...Google has a 10-year deal with derivatives exchange CME Group and invested $1bn in the Chicago-based business....
...They certainly should after the entertainment group announced a long-expected go-private sale to its existing majority shareholders this week. The deal values Endeavor’s equity at $13bn....
...Lex has argued that EVs will be a key pillar of the group’s value creation in future....
...Nine workers who occupied a senior executives’ office were arrested and on Wednesday it fired 28 staff allegedly involved in the “No Tech for Apartheid” group....
...In recent years, the ambitious Chinese group has listed shares in Volvo Cars, Polestar and ECARX....
...More countries would need to confront the group, he said....
...Big share price moves in Europe today include Sweden’s Volvo Car, German sportswear company Adidas, and French bank BNP Paribas....
...US private equity group Apollo Global is in discussions with Sony Pictures Entertainment about making a joint takeover bid for Paramount Global that would rival ongoing talks between controlling shareholder...
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...A Volvo AB representative told the Financial Times the transaction was a “voluntary divestment” as a result of the group’s working to liquidate its assets in Russia after the country’s full-scale invasion...
...“We wish that there could have been a better outcome for the Ted Baker employees and stakeholders,” John McNamara, chief strategy and transition officer at Authentic Brands Group, the US owner of the Ted...
...Christopher Finn, the longtime chief operating officer at Carlyle Group, is retiring this summer....
...China started commercial driverless development in 2013, about five years after groups in the US....
...Devin Nunes, chief executive of Trump Media & Technology Group, wrote to the head of the Nasdaq exchange this week “to bring your attention to potential market manipulation” of the company’s stock, according...
...The family lost control of the group after failing to repay bad debts of close to £1.2bn last year to Lloyds Banking Group....
...“More people are travelling in groups, seeking convenience, comfort and spaciousness.”...
...The ecommerce group’s deal comes as part of a restructuring for Diamond Sports Group, which is aiming to leave bankruptcy protection; its collapse sparked a media rights crisis that spooked US sport....
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