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Fonterra’s farmer shareholders have granted approval for the company’s proposal to divest its consumer products division. The Mainland Group and its associated businesses are set to be sold to Lactalis for a sum of $4.22 billion. High Support for Divestment A…
Renowned for its Birkin bags, Hermès reported a potential upturn in demand from China, despite quarterly sales falling slightly short of estimates, resulting in a 4% decline in its shares on Wednesday. The mild optimism regarding Chinese demand, which…
The world’s largest wealth management giant UBS is canceling plans for a physical shareholder meeting at the end of next month. It is holding fast to a hefty dividend. Swiss-based UBS will conduct its annual general meeting on April 29 online, it said in a…
The biggest investor in Aston Martin is considering buying another 3% stake, offering to increase its holding after shares in the luxury carmaker crashed almost 50% since its listing nine months ago. Strategic European Investment Group, part of the Italian…
The Hà Nội Beer-Alcohol-Beverage JSC (Habeco) has forecast its post-tax profit will fall 36 per cent year-on-year to VNĐ310 billion (US$13.3 million) in 2019, the lowest in 10 years. The announcement will be reported at the firm’s annual shareholder. Other…
Struggling department store chain Debenhams said shareholders could lose their entire investment as a result of some of the restructuring options it is considering. The 200-year-old retailer said it is trying to refinance its debt, restructure its estate…
In his final letter to shareholders, Alibaba founder and executive chairman Jack Ma made a case for globalisation despite recent uncertainties in US-China trade relations, consumer trends, stock markets and the manufacturing industry. This is the third time…
An attempt by Berli Jucker Plc (BJC) to buy Metro Group’s cash-and-carry unit in Vietnam was aborted on Thursday after its shareholders voted unanimously to reject the EUR655-million (USD775.7 million) deal.
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