Temu owner PDD shares plunge after profit warning
Shares in Pinduoduo (PDD Holdings), the Chinese owner of discount retailer Temu, have plunged by nearly 29 per cent in New York in a move that has wiped $55bn (£41.6bn)…
Shares in Pinduoduo (PDD Holdings), the Chinese owner of discount retailer Temu, have plunged by nearly 29 per cent in New York in a move that has wiped $55bn (£41.6bn)…
Oaknorth has received regulatory approval to open a representative office in New York, paving the way for the London-based challenger bank to expand further into the US market ahead of…
Santander has launched a share buyback for up to €1.5bn (£1.3bn) as the banking giant fulfills its promises to boost investor payouts. The Spanish lender said its new programme would…
Shares in Associated British Foods, which owns British stalwarts like Primark, Kingsmills and Twinings, dropped this morning after stockbroker Deutsche Numis downgraded its rating from ‘hold’ to ‘sell’. Shares in…
Protein shake maker Applied Nutrition has confirmed plans for a potential £500m float on the London Stock Exchange today in the latest sign of life for the capital’s beleaguered bourse.…
Hobbycraft, which is one of the UK’s biggest arts and crafts retailers, has been snapped up by a specialist investor whose team has previously supported chains including Paperchase and Tie…
Profit at the car leasing company owned by Lloyds Bank slumped by more than £400m during 2023, it has been revealed. Lex Autolease, which is headquartered in London, has posted…
Profit at the British hotel group co-founded by Sir Rocco Forte was cut by more than half during its latest financial year as it sold a significant stake to Saudi Arabia’s Public…
A major pension scheme adviser has calculated that listed firms with defined benefit pension funds could miss out on £125bn by making increasingly popular buy-out or buy-in deals with insurers.…
Online grocer Ocado has announced that its two fulfilment centres in Australia commenced operations in July after a year of delays. The centres, which will serve communities in Melbourne and…