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Retail media ad revenue forecast to surpass TV by 2028
Date: June 12, 2023
LONDON (Reuters) – The value of global advertising revenue from retailer-owned e-commerce sites is growing so fast that the medium, known as retail media, is forecast to exceed television revenue by 2028. GroupM, the world’s biggest media buyer, said it expects advertising revenue from retail media channels will grow 9.9% to reach $125.7 billion in...
H&M shopworkers in Spain call for strikes in June – unions
Date: June 12, 2023
H&M shopworkers in Spain call for strikes in June – unions MADRID (Reuters) – Shop assistants at Swedish fashion retailer H&M stores in Spain will go on strike for three days in June to demand higher salaries and less work duties, the country’s two largest unions said on Monday. The strikes, called by the CCOO...
Georg Fischer makes rival bid for Finland’s Uponor, driving up shares
Date: June 12, 2023
COPENHAGEN (Reuters) – Swiss industrial group Georg Fischer (GF) on Monday made a rival offer for plumbing and heating systems maker Uponor, driving up the Finnish group’s shares with a premium over a bid from Belgium’s Aliaxis. GF’s offer of 28.85 euros per share valued Uponor at 2.1 billion euros ($2.26 billion), a 12% premium...
Dollar edges lower as Fed pause eyed in busy central bank week
Date: June 12, 2023
Dollar edges lower as Fed pause eyed in busy central bank week By Samuel Indyk and Rae Wee LONDON (Reuters) – The dollar slipped on Monday as traders stayed on guard ahead of policy decisions this week from several central banks, including the Federal Reserve, who are expected to keep interest rates on hold for...
Singapore Airlines appoints first female CFO
Date: June 12, 2023
Singapore Airlines appoints first female CFO (Reuters) -Singapore Airlines said on Monday it appointed insider JoAnn Tan as its first female chief financial officer to replace Tan Kai Ping who will take over as chief operations officer. JoAnn Tan, in her current role as senior vice president of marketing planning, led the company’s efforts to...
Odey Asset Management says not gating funds in Crispin Odey succession
Date: June 12, 2023
Odey Asset Management says not gating funds in Crispin Odey succession By Nell Mackenzie LONDON (Reuters) – Odey Asset Management is not considering imposing exit restrictions on investors in any of its funds, a spokesperson said, as partners seek to sever ties with founder Crispin Odey following allegations of sexual misconduct against him. The Financial...