corporate-governance
Top StoriesBurberry Appoints McLaren’s Kate Ferry as CFO
Top StoriesMfe Offers to Buy 1.05% Stake in Mediaset Espana From Vivendi Ahead of Delisting
Top StoriesUniCredit Shareholders Urged to Reject CEO Orcel’s Pay Rise
Top StoriesBritain Toughens up Diversity Targets for UK Companies
Deutsche Post Raises Annual Dividend; Warns of Challenging 2023
Date: March 9, 2023
BERLIN (Reuters) – Deutsche Post increased its dividend for 2022 to 1.85 euros per share after a record year on Thursday, up from 1.80 euros a year earlier, and was expanding its share buyback programme, but flagged a challenging year ahead. The buyback programme will be increased by 1 billion euros ($1.05 billion) to a...
Indra’s Shares Drop as It Begins Search for New CEO
Date: March 7, 2023
MADRID (Reuters) -Shares of Spanish technology company Indra fell 6.1% on Tuesday after it announced it would begin a process to appoint a new chief executive (CEO) to replace Ignacio Mataix. The search for its third CEO in two years was linked to a new strategic plan for the next years, Indra said late on...
Lindt & Spruengli Proposes Dividend Hike as 2022 Sales, Profit Climb
Date: March 7, 2023
ZURICH (Reuters) – Lindt & Spruengli said its 2022 profit rose and the Swiss chocolate maker also proposed a higher dividend payout on Tuesday, despite a challenging year that saw inflationary price hikes dampen consumer sentiment in key markets. Net income rose to 569.7 million Swiss francs ($612.78 million), beating the 566 million francs forecast...
Novavax Shares Sink Premarket as Going Concern Worries Weigh
Date: March 1, 2023
(Reuters) -Novavax Inc’s shares plunged more than 24% in U.S. premarket trading on Wednesday, a day after the COVID-19 vaccine maker raised doubts about its ability to remain in business. The stock dropped as much as 24.4% to $7.0 by 5:30 a.m. ET (1030 am GMT), while its Frankfurt-listed shares fell 24.8%. The company, which...
Novartis Names Firmenich CEO as Chairman Designate of Sandoz
Date: February 20, 2023
ZURICH (Reuters) – Novartis on Monday announced the appointment of Gilbert Ghostine as chairman-designate of Sandoz, the generics unit Novartis wants to spin off later this year. Ghostine has been CEO of Geneva-based Firmenich, the world’s largest privately owned perfume and taste company, since 2014. He will become the chairman of the new board at...
Mercedes-Benz to Buy Back up to 4 Billion Euros in Shares by 2025
Date: February 17, 2023
BERLIN (Reuters) -Mercedes Benz said on Thursday it plans to buy back up to 4 billion euros ($4.28 billion) of its shares over two years from March 2023, in a move welcomed by analysts ahead of the carmaker reporting full-year earnings on Friday. Shareholders Beijing Automotive Group and Geely had agreed to divest their shares...