corporate-governance
Top StoriesItaly Probes Meta Over Abuse of Position in Music Rights Case
Top StoriesHSBC Board Recommends Shareholders Vote Against Spin-Off Resolution
Top StoriesNestle Closes French Buitoni Factory Hit by E.coli Outbreak
Top StoriesEricsson’s Board Rebuked by Shareholders at Agm for Second Year in a Row
Airbus Drops Offer for Stake in Atos Unit, Shares Tumble
Date: March 29, 2023
PARIS (Reuters) -Airbus has decided not to make an offer for a minority stake in Atos’ soon-to-be spun-off division Evidian, sending shares in the French IT firm down more than 15%. In a statement on Wednesday, the world’s largest planemaker said the purchase of a 29.9% stake in Evidian “does not meet the company’s objectives...
Factbox-Five Facts About Returning UBS CEO Sergio Ermotti
Date: March 29, 2023
LONDON (Reuters) – Sergio Ermotti has been rehired as the CEO of Swiss banking giant UBS to steer its massive takeover of rival Credit Suisse. Here are five facts about the 62-year-old banker. * Swiss national Ermotti began his career as an apprentice at Corner Bank, before getting his first big break in 1987 with...
Finnish Businessman Zilliacus Ready to Pay Premium for Manchester United
Date: March 24, 2023
By Akash Sriram (Reuters) – Finnish entrepreneur Thomas Zilliacus has placed a bid for Manchester United and is willing to pay a premium for the English soccer club, the former Nokia executive told Reuters on Thursday. A small portion of the club’s shares is listed on the New York Stock Exchange. The market capitalization was...
Norway Wealth Fund to Vote for Labour Rights Motion at Starbucks Agm
Date: March 23, 2023
OSLO (Reuters) – Norway’s $1.3 trillion wealth fund, one of the world’s largest investors, will vote in favour of a shareholder motion calling on Starbucks to report on how it respects labour rights, the fund’s manager said on Thursday. The Norwegian fund owns 1.05% of Starbucks’ shares, worth $1.2 billion at the end of 2022,...
Analysis-Credit Suisse Collapse Threatens Switzerland’s Wealth Management Crown
Date: March 22, 2023
By John Revill ZURICH (Reuters) – The fall of Credit Suisse has dealt a serious blow to Switzerland’s credentials as the world’s leading wealth management centre, experts warn, calling into question its reputation for stability, regulation and corporate governance. Battered by years of scandals and losses, Credit Suisse had been fighting a crisis of confidence...
Britain’s Superdry Sells Asia Pacific Ip for $50 Million
Date: March 22, 2023
LONDON (Reuters) – Struggling British fashion brand Superdry has sold its intellectual property assets in much of the Asia Pacific region to South Korea’s Cowell Fashion Company for $50 million, giving it a much-needed cash boost. The deal means Cowell will own and use the Superdry brand in its home market before extending to other...