The Chinese government wants to sell the former Anbang partially or completely. It was reported by The Financial Times based on insiders. Beijing took over control of the former owner of insurer Vivat two years ago, after CEO Wu Xiaohui had been put in jail for suspicion of fraud.
The British tobacco manufacturer Imperial Brands has seen its turnover grow in the past financial year. The maker of cigarette brands such as Gauloises, Winston and Davidoff and Rizla rolling papers did suffer a lot from an American ban on selling flavored e-cigarettes.
Budget airline Ryanair raised more money in the past quarter by selling travelers extras, such as priority boarding and reserved seats. This offset the negative effects of lower ticket prices and the problems with the Boeing 737 MAX.
There are amazing news for ambitious startup folks here! Startups and small and medium enterprises, and all who dreamed to start their own business, but was unable to! Vyacheslav Kim, Kenes Rakishev and Asel Tasmagambetova have established the Sabi charity fund among other things to help you make your dream come true.
News and data supplier Thomson Reuters has reportedly turned potential buyers out for his news service. Sources reported to the British business newspaper Financial Times (FT) that, among others, investor KKR, publisher Axel Springer and former editor-in-chief of Reuters News Mark Wood had expressed their interest.
Oil and gas company Shell sees risks in its plans to buy $ 25 billion worth of its own shares by the end of 2020 due to difficult market conditions. It is possible that this program cannot be completed within the intended time. The Anglo-Dutch company reported this in a figure publication.
The citizens of the United Kingdom (UK) go to the polls for early parliamentary elections on 12 December. They must put an end to the Brexit stalemate that paralyzes British politics.
Software company ByteDance wants to go to the Hong Kong stock exchange early next year. The Chinese company behind the popular TikTok app prefers the business city to a listing in New York, writes the British business newspaper Financial Times based on insiders.