UBS taps BoE adviser van Steenis for sustainable finance, IR roles
UBS Group has hired Huw van Steenis, a former senior adviser to Bank of England Governor Mark Carney, to head investor relations and a new sustainable finance committee at Switzerland’s largest bank, it said on Friday.
Major fashion companies to make G7 pledge to help environment
(This Aug. 23 story has been corrected to remove LVMH, which was not a signatory of the pact)
Shares in Peppa Pig owner rise past Hasbro offer
Peppa Pig-owner Entertainment One’s shares rose more than 30% to a record high on Friday, surpassing the price agreed by the company’s board with U.S. toy maker Hasbro Inc in a sign that investors see some chance of a counter offer.
UK competition watchdog reprimands RBS, Santander over PPI procedures
Britain’s competition watchdog has ordered Royal Bank of Scotland and Santander to appoint auditors to check how they remind customers who have payment protection insurance (PPI), amid a mis-selling scandal over the policies.
Bang & Olufsen would listen if approached by buyer: chairman
Luxury TV and speaker maker Bang & Olufsen would listen if approached by a buyer, chairman Ole Andersen told newspaper Borsen, following three earnings warnings this year.
Shares in Peppa Pig owner jump 30% after Hasbro’s $4 billion offer
Shares of Entertainment One rose nearly 30% on Friday, a day after U.S. toy maker Hasbro Inc offered to buy the owner of popular children’s television show “Peppa Pig” for about $4 billion in cash.
Asian stocks cautious ahead of Powell’s speech; yuan at fresh 11-1/2 year low
Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors’ worries over slowing global growth.
Protest fears stalk Hong Kong businesses as China threat looms
Walking a tightrope between anti-government protests and political masters in Beijing, many Hong Kong firms are opting to toe the Communist Party line to avoid potential repercussions having seen what happened at Cathay Pacific Airways.
Tesla to buy batteries from South Korea’s LG Chem: Bloomberg
Tesla Inc has agreed to buy batteries from South Korea’s LG Chem Ltd for electric vehicles manufactured in China, Bloomberg reported on Friday citing people familiar with the matter.
Hong Kong unions urge Cathay Pacific to end ‘white terror’
Cathay Pacific Airways , which is caught in the crosswinds between authorities in Beijing and anti-government protesters in Hong Kong, must put an end to “all forms of white terror”, trade unions in the Chinese-ruled city said on Friday.
