Nestle to close baby formula factory in Ireland due to falling Chinese birthrates October 19, 2023 Nestle will close down a baby formula factory in Ireland due to a falling birth rate in China, placing 560 jobs at risk.
China’s Country Garden bondholders seek talks after missed bond payments October 19, 2023 Country Garden bondholders are seeking urgent talks with the troubled property developer after it missed a $15m
Vodafone and Three hit back at union concerns deal will kill competition October 17, 2023 Vodafone and Three have hit back at a warning from trade union Unite that their telco tie-up will stifle competition, threaten national security and raise customer bills by up to £300 a year.
Strict EV targets risk increasing reliance on China, ex-Britishvolt boss warns October 17, 2023 Europe risks depending on China to meet its needs for EVs unless it waters down its targets, one of the founders of Britishvolt has warned.
SIGWATCH October 16, 2023 ABOUT SIGWATCH Headquartered in London, SIGWATCH is a leading consultancy and data provider on global activism, working with major companies, investors, and professional advisors. Our expert knowledge of activist campaigning issues, policy, and discourse helps to bridge the gap between business and civil society and supports responsible business practices. SIGWATCH’S proprietary techniques for tracking activist [...]
MG motors tops £1bn UK sales as affordable EVs popular with Brits October 15, 2023 The Chinese-owned car brand MG Motors reportedly made over £1bn in UK sales last year as drivers were drawn to its affordable electric cars. MG’s revenues rose 122 per cent to just over £1bn attributing the rise to “impressive sales” of its EVs in 2022, according to a news report in the Times. Pre-tax profits [...]
Aston Martin: Chair Lawrence Stroll bullish after revving up stake October 10, 2023 Aston Martin executive chair Lawrence Stroll has said that demand for the marque’s new generation sports cars has been “incredible,” after ramping up his stake. “I have already invested very, very heavily. I own a Formula 1 team and am the largest shareholder and executive chairman of AML so I don’t think I could be [...]
Thailand holidays: be the only guests at this private Thai island resort October 9, 2023 Thailand is rethinking luxury with a new breed of private resort, finds Liz Connor The words ‘Thailand’ and ‘luxury’ aren’t always an obvious pairing. The hedonistic southern end of the country is famous for boozy full moon parties, well-trodden backpacker trails and hordes of tourists who flood to its shores to make the most of [...]
Citigroup to sell China consumer wealth business to HSBC October 9, 2023 Citigroup said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of 2024. Financial details of the transaction [...]
‘Betting on human nature’: Short seller Carson Block on fraud, death threats and why he’s sniffing around UK firms October 5, 2023 'Betting on human nature': Short seller Carson Block on fraud, threats and why he's sniffing around UK firms