Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC Hong Kong has recently become a direct participant in China’s international payments system, marking a significant step for the world’s largest player in trade finance. This move gives HSBC a key role in Beijing’s … Read more
Spark Capital led the round and was joined by Index Ventures and others. PRIVATE EQUITY DEALS – Thoma Bravo is in advanced talks to acquire Anaplan, a San Francisco-based planning software maker, for more than $10 billion, according to Bloomberg. Anaplan was taken private by private equity firm Vista Equity Partners in 2016 for $4.5 … Read more
Here are five key things investors need to know to start the trading day: 1. S&P losing streak 2. EV gains New Tesla Cybertruck vehicles parked at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024. M. Scott Brauer | Bloomberg | Getty Images Call it the Tesla 20%. That was … Read more
Euro zone business activity remained stagnant this month, staying in contractionary territory as demand from both domestic and international markets decreased despite firms barely raising their prices, according to a survey released on Thursday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by S&P Global, inched up to 49.7 in October from September’s 49.6 … Read more
The French luxury group Hermès has defied the global downturn in the sector by reporting a significant increase in quarterly sales. The Paris-listed company, known for its silk scarves and Birkin handbags, saw sales rise by 11.3% to €3.7bn in the three months ending in September. This growth was in line with analysts’ forecasts, and … Read more
“ Last week saw the departure of CVS Health CEO Karen Lynch from a position that had established her as the most powerful woman in American business, heading a company with a revenue of $358 billion in 2023. The company’s recent poor financial performance and weak profit forecast were the final straws for the CVS … Read more
Barclays, a British bank, reported a net profit of £1.6 billion ($2 billion) for the third quarter, surpassing expectations. The net profit was higher than the forecast of £1.17 billion and showed a 23% increase compared to the same period last year. Revenue for the quarter was £6.5 billion, slightly exceeding the predicted £6.39 billion. … Read more
Flutter Entertainment, a leading player in the online gaming and sports betting industry, is facing a dynamic market environment characterized by growth opportunities and regulatory challenges. As the company prepares to announce its latest financial results, investors and analysts are closely monitoring its performance in key markets such as the United States, United Kingdom, and … Read more
“We’re not going to make the same mistake again,” he said. “We’re going to be on every platform.” But the battle for TikTok dominance is far from over. Harris has recently been experimenting with TikTok’s new live shopping feature, where creators can sell products directly to viewers during a livestream. And while Trump’s account boasts … Read more
Europe is currently facing a housing crisis that is prompting nearly a quarter of its citizens to consider emigrating in search of more affordable living conditions. This issue is particularly acute in Ireland, where a significant number of people are contemplating moving to another country due to the decreasing levels of affordability. A survey conducted … Read more