Hargreaves top investor sells shares at discount; stock drops
Hargreaves Lansdown co-founder and biggest shareholder Peter Hargreaves has sold 34.4 million shares in the investment platform, at more than a 6% discount to the stock’s last close, a bookrunner said on Friday.
Exclusive: Fearing Huawei curbs, Deutsche Telekom tells Nokia to shape up
Deutsche Telekom has told supplier Nokia it must improve its products and service to win business installing the German group’s 5G wireless networks in Europe, according to internal documents and a source with direct knowledge of the matter.
Malaysia’s Mahathir clarifies comments on AirAsia
Malaysia’s Prime Minister Mahathir Mohamad on Friday sought to clarify comments he made on bribery allegations linked to AirAsia Group .
L’Oreal rallies as quarterly results offset China concerns
L’Oreal’s shares rose on Friday after fourth-quarter figures from the French cosmetics company allayed concerns over the impact of China’s coronavirus health crisis on its business.
Fiat reaches settlement with Italy tax agency over Chrysler value claim
Fiat Chrysler has reached a settlement with Italian tax authorities over the valuing of its U.S. Chrysler business involving no cash payment or penalty, the group’s chief financial officer said.
Hong Kong Airlines to cut 400 jobs, operations as coronavirus hits travel
Hong Kong Airlines said on Friday that it will slash 400 jobs and cut operations given weak travel demand because of the coronavirus outbreak, adding to financial woes for the city’s second-largest carrier.
Suzuki considers China supply options, third-quarter profit falls 11%
Suzuki Motor Corp said on Friday it was considering sourcing vehicle components from outside China, as the spread of a new coronavirus in the country threatens to disrupt vehicle production in its biggest market, India.
Burberry says coronavirus hurting luxury demand
Burberry said the outbreak of the coronavirus was hitting luxury demand in China and Hong Kong, both important markets for the British fashion brand, sending its shares lower for a second day in a row.
Honda raises profit forecast, sticks to Wuhan plant closure schedule
Honda Motor Co raised its forecast for full-year operating profit by 6% on Friday, with a weaker yen increasing the value of its overseas sales.
Credit Suisse CEO Thiam quits after spying scandal
Credit Suisse Chief Executive Tidjane Thiam has quit after a power struggle at Switzerland’s second-biggest bank, which faces investor pressure over a spying scandal being investigated by Swiss regulators.
