Tesco boss to leave next year after calling turnaround complete
Tesco boss Dave Lewis will step down next summer after declaring the turnaround of Britain’s biggest retailer complete, handing over to Ken Murphy, a former executive at healthcare group Walgreens Boots Alliance .
Shares fall to one-month low after U.S. manufacturing hit
A major global share index hit its lowest level in a month on Wednesday after U.S. manufacturing activity tumbled to more than a decade low, sparking worries that the fallout from the U.S.-China trade war is spreading to the U.S. economy.
WTO decision on U.S. aircraft subsidy retaliation rights due at 1400 GMT
The World Trade Organization said it would publish at 4 p.m. (1400 GMT) its decision on a U.S. request to take action against the European Union in a long-running aircraft subsidy dispute.
ASOS shakes up board to revive fortunes
Online fashion retailer ASOS Plc on Wednesday revamped its board by naming several new directors, including Ocado Solutions Chief Executive Officer Luke Jensen, as it looks to bounce back from a string of profit warnings.
Samsung Electronics ends mobile phone production in China
Samsung Electronics Co Ltd has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market.
Veteran investor Gilbert to leave Standard Life Aberdeen
Veteran investor Martin Gilbert will leave Standard Life Aberdeen next year, ending a career spanning more than three decades at the helm of one of Britain’s most successful asset managers.
Paddy Power and Poker Stars owners to create online gambling leader
The owner of Paddy Power Betfair has agreed to buy the company behind Poker Stars in a $6 billion share deal to create the world’s largest online betting and gambling company by revenue, seeking to take advantage of the opening up of U.S. markets.
ASOS announces board shake-up
Online fashion retailer ASOS Plc appointed four new independent non-executive directors from several major British companies on Wednesday as it looks to bounce back after a string of profit warnings.
Samsung Electronics says it suspended operations at China mobile phone factory
Samsung Electronics Co Ltd said on Wednesday it suspended production at its mobile phone factory in China at the end of September.
Huawei phones lose access to install Google’s apps – Bloomberg
Huawei Technologies Co Ltd’s newly launched Mate 30 devices have lost their access to manually install Google’s Android apps, Bloomberg reported on Tuesday.
