IHC, hungry for deals, plans IPOs in healthcare and IT

Pure Health IPO raises over $1 billion, CEO says Targets tech unit IPO in Q3, with $1 billion in assets Mull Eyes International Energy Holding IPO Next Year Planning purchases this year and next year, seeking a large loan ABU DHABI, Nov 24 (Reuters) – International Holding Company (IHC.AD) plans to sell 20% of its … Read more

Zuckerberg says WhatsApp’s business chat will drive sales sooner than the metaverse

Nov 17 (Reuters) – Meta Platforms Inc (META.O) chief executive Mark Zuckerberg told employees on Thursday that WhatsApp and Messenger will drive the company’s next wave of sales growth as he seeks to allay concerns about Meta’s finances after its first mass layoffs. . Zuckerberg, answering pointed questions at a company-wide meeting a week after … Read more

As recession looms, UK businesses send SOS loans

Costlier credit, on tighter terms as banks assess risk Some business owners use their own money to fill in the gaps Funding crisis could deal another economic blow to Britain LONDON, Nov 17 (Reuters) – As inflation soars and recession looms, many British businesses are struggling to get affordable bank finance, putting pressure on the … Read more

Richemont stock soars as jewelry sector sparkles

The jewelry sector sees its sales increase by 24% Profit from continuing operations increases by 40% President cautious on cost of living and rising interest rates ZURICH, Nov 11 (Reuters) – Shares of luxury goods group Richemont (CFR.S) soared as much as 21% in early trading on Friday after the owner of Cartier posted strong … Read more

Barclays strengthens its activities in Asia and sees its growth in India and Australia

SINGAPORE, Nov 2 (Reuters) – Barclays Plc (BARC.L), which recently made major investments in India and Australia and set up a subsidiary in Taiwan in July, is planning to enter new markets but is currently focusing on the development of its franchises, said the senior regional official. The British lender has rebuilt its Asian business … Read more

TotalEnergies and Shell post exceptional profits, LNG activities diverge

TotalEnergies posts record profit of $9.9 billion Shell’s profit hits $9.45 billion Shell plans to increase its dividend LONDON/PARIS, Oct 27 (Reuters) – Europe’s two biggest energy companies Shell (SHEL.L) and TotalEnergies (TTEF.PA) reported third-quarter profits of more than $9 billion, although the gas division Liquefied Natural Gas (LNG) from Shell has struggled to take … Read more

Emirates NBD revives equity business with Dubai IPOs

DUBAI, Oct 21 (Reuters) – Emirates NBD (ENBD.DU) has won a top spot in all of Dubai’s initial public offerings this year, raising its fees and reviving a long-dormant business amid fierce competition from local banks and international. Dubai’s biggest lender, majority-owned by the Dubai government, helped manage the IPOs of Dubai Electricity and Water … Read more

Analysis: The energy crisis is testing the resilience of Italian companies

The response to the energy crisis is essential for the economic outlook Bankers say businesses are more resilient than they are given credit Italy have done better than expected so far this year MILAN, Oct 21 (Reuters) – Italian media had only just begun reporting on the threat of winter gas rationing when Marco Checchi … Read more

Nissan suffers a loss of 687 million dollars by selling its Russian activities for 1 euro

Sale to the Russian public entity NAMI Nissan has the right to buy back business within six years Renault sees its H2 net profit hit by 331 million euros following its move TOKYO, Oct 11 (Reuters) – Nissan Motor Co Ltd (7201.T) will sell its Russia business to a state-owned entity for 1 euro ($0.97), … Read more

Britain’s ASOS to review business model after profit slump

2021-22 profit drops 89% Expects first-half loss in 2022-23 Uncertainty means there are no full-year earnings forecasts Agrees to a new deal with lenders Stocks rebound 9% LONDON, Oct 19 (Reuters) – ASOS (ASOS.L), the former British star of the shift to online fashion retail, will review its business model after the economic crisis and … Read more