corporate-strategy
Top StoriesUK’s Capita Flags up to 140 Million Pound Cash Outflow in 2024, Shares Fall
BusinessStellantis Swiftly Reshapes Strategy Under Elkann After Tavares Exit
BusinessM&s Can Tear Down Flagship Marble Arch Store, Says UK Government
Top StoriesMacquarie-Backed Offshore Wind Developer Corio Starts Job Cuts
More HSBC Senior Managers to Go as CEO Continues Overhaul
Date: December 5, 2024
By Selena Li, Lawrence White and Sinead Cruise HONG KONG/LONDON (Reuters) -HSBC announced a raft of senior management departures and appointments on Thursday, as CEO Georges Elhedery completed the first phase of a sweeping overhaul aimed at streamlining costs and improving decision making. Global Private Banking and Wealth head Annabel Spring was among the most...
Snoop Dogg Helps Publicis Claim World’s Largest Ad Group Title
Date: December 4, 2024
LONDON (Reuters) – France’s Publicis has enlisted Snoop Dogg, the American rapper who became a breakout star at the Paris Olympics, to help it celebrate overtaking British rival WPP as the world’s largest ad group in 2024. Snoop Dogg was seen everywhere at the Olympics, from carrying the torch to dressing in riding gear at...
UK Supermarket Asda Raises $196 Million to Help Pay Down Debt
Date: December 4, 2024
LONDON (Reuters) – Struggling British supermarket group Asda has raised an additional loan of 155 million pounds ($196 million) to help it pay back debt due in the next two years, it said on Wednesday. Asda, Britain’s third largest grocer, said the loan, alongside a similar amount of cash from its balance sheet, will address...
Novavax to Sell Czech Manufacturing Unit to Novo Nordisk for $200 Million
Date: December 4, 2024
By Gnaneshwar Rajan and Maggie Fick (Reuters) -U.S.-based vaccine maker Novavax said on Wednesday it will sell its manufacturing facility in the Czech Republic to Wegovy maker Novo Nordisk for $200 million and use the proceeds for its vaccine pipeline. Novavax, which is heavily focused on COVID-19 vaccines, has struggled to keep pace with rivals...
NatWest Remains on Acquisition Trail, CEO Says, After 2024 Deal Flurry
Date: December 3, 2024
LONDON (Reuters) – NatWest Group will explore “strategically congruent” and “financially compelling” M&A opportunities after a flurry of investments this year, its CEO said, as the state-backed lender looks forward to becoming fully privatised as early as the first half of 2025. Speaking at the FT Global Banking Summit on Tuesday, Paul Thwaite said he...
Ipsos Confirms Talks With Kantar Media Over Possible Acquisition
Date: December 3, 2024
(Reuters) – French market research firm Ipsos said on Monday it was in talks with Kantar Media over a potential acquisition of the London-based group, confirming a Reuters report from Friday. “There can be no certainty that any offer will be made, nor as to the terms on which any such offer might be made,”...