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The Latest Breaking News from Group

Credit Suisse Warns On Q2 Loss, Mulls Workforce Reduction To Save Costs

Credit Suisse Group AG (NYSE:CS) is looking for another round of job cuts to manage costs after warning of a second-quarter loss, Bloomberg reported citing people familiar with the matter. The people said that the bank is mulling headcount reductions across divisions and regions. Final numbers are still to be decided, they said. …

Benzinga

Hello Group Clocks 9.3% Revenue Decline In Q1; Plans $200M Stock Buyback

Hello Group Inc (NASDAQ:MOMO) reported a first-quarter FY22 net revenue decline of 9.3% year-on-year to $496.6 million, beating the consensus of $466.5 million. Drivers: Monthly Active Users (MAU) on the Momo application were 110.9 million in March 2022, down from 115.3 million in March 2021. Total paying users of its live video service and…

Benzinga

Why Kohl's Stock Is Moving Higher Today

Kohl's Corp (NYSE: KSS) shares are trading higher Tuesday after the company's board announced it has entered into exclusive negotiations with Franchise Group in relation to the Group's proposal to acquire Kohl's for $60 per share.

Benzinga

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Pioneering cancer treatment company with centre in Newport to go into liquidation

A number of factors led the company to apply for liquidation

Wales Online

DP World, CDPQ Announce $5 Bn Investment in Strategic Assets in the UAE

DP World announced it was selling a minority share to CDPQ, a global investment group, in three of DP World's flagship UAE assets. CDPQ will invest $2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone, and the National Industries Park through a new joint venture in which…

Asharq Al-Awsat

Rimac Raised €500 Million In Series D Funding

Rimac Group announced that it raised €500 million ($536 million) in its Series D investment round, which valuated the company at over €2 billion.

InsideEVs

Abu Dhabi Securities Exchange Lists GFH Financial Group

Abu Dhabi Securities Exchange (ADX) announced on Tuesday the secondary listing of the Bahrain-based GFH Financial Group. The listing is set to further expand GFH’s investor base and enhance liquidity in its shares amid increased regional and international participation on the exchange. ADX Managing Director and CEO Saeed Hamad al-Dhaheri…

Asharq Al-Awsat

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Environmental consultancy APEM seals third takeover deal and secures £25m refinancing

Manchester-based APEM s backed by private equity giant WestBridge

Birmingham Post

Read How This Edtech Group Fared In FY21

Genius Group Limited (NYSE:GNS) said it posted revenue growth of 67% for the pre-IPO group to $12.8 million in FY21. The Pre-IPO Group saw growth in all revenue segments, with 83% growth in digital Edtech revenue, 72% increase in education revenue, and 54% gain in campus revenue. The number of students on the…

Benzinga

Hyundai Motor Group Will Build Big EV Plant And Battery Facility In Georgia

Hyundai Motor Group announced a major investment in new electric vehicle and battery manufacturing facilities in Bryan County, Georgia.

InsideEVs

Hyundai electric vehicle factory to be built in Georgia

ELLABELL, Ga. — South Korean automotive giant Hyundai Motor Group on Friday confirmed plans to build a multi-billion-dollar electric vehicle assembly and battery plant in Bryan County near the Georgia coast.

Tribune News Service

Skoda Launches Production Of MEB Battery Systems

Škoda Auto announced today that has started manufacturing battery systems for EVs based on the Volkswagen Group’s MEB in Mladá Boleslav, Czech Republic.

InsideEVs

Abu Dhabi's Borouge to Sell 10% of Shares in IPO, List on ADX

Abu Dhabi National Oil Company (ADNOC) and its Austrian chemicals partner Borealis plan an initial public offering of their petrochemicals joint venture Borouge, the latest step in the Abu Dhabi state energy group’s asset monetization program. Borouge, which is a specialty plastics firm that produces polyolefin, said on Wednesday it…

Asharq Al-Awsat

Emirates Group Cuts Annual Losses, Expects Profitability by 2023

The Emirates Group released on Friday its 2021-22 annual report, which showed strong recovery across its businesses. Emirates airline announced a “significantly reduced” annual loss of AED3.8 billion ($1.1 billion) compared to AED22.1 billion ($6 billion) in 2021, as pandemic travel restrictions ease. It said revenues were up 86% to…

Asharq Al-Awsat

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Birmingham Post

Major pharmaceutical distributor collapses into administration with 1,000 jobs lost

Part of the Converse Pharma Group, which supplies vital medicines throughout the UK, has ceased trading following regulatory issues in 2021

Asharq Al-Awsat

GFH Announces Net Profit of $19.1 Million in Q1

GFH Financial Group (GFH) has announced a net profit attributable to shareholders of $19.11 million for the first quarter of the year ended on March 31, 2022, up 18.5 percent from $16.12 million in the first quarter of 2021. The growth reflects several key deals within the group’s investment banking…

InsideEVs

Volkswagen Announces Electric Pickup And Rugged SUV To Be Sold In US

Volkswagen Group announced today the decision to launch an all-electric pickup and rugged SUV (R-SUV) in the US under the iconic Scout brand.

Benzinga

Lufthansa Orders For Boeing's New 777-8 Freighters, Additional 787s

Lufthansa Group (OTC:DLAKY) plans to continue its strategic decision to strengthen Lufthansa Cargo with an order for seven Boeing Co (NYSE:BA) 777-8 Freighters, the fuel-efficient twin-engine freighter. Lufthansa also placed a new order for two 777 Freighters to add to its cargo fleet, providing extra cargo capacity in the near term until the delivery of…

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Asharq Al-Awsat

Oman Assumes Presidency of Asia-Pacific Group at UN

The Sultanate of Oman has officially assumed the presidency of the Asia-Pacific Group at the United Nations at a ceremony organized in New York. Oman’s permanent representative to the UN, Ambassador Dr. Muhammad bin Awadh Al-Hassan, expressed willingness to lead the Group, which includes 55 member states. He stressed the…

Daily Record

Falkirk jobs at risk as convenience store giant McColl's on brink of collapse

Falkirk Live understands the company could go bust as soon as today.

Liverpool Echo

McColl's reportedly on brink of collapse with thousands of jobs at risk

One of the biggest convenience chains could call in administrators as early as Friday

Nottingham Post

McColl's could shut 15 shops in Nottinghamshire as chain on brink of collapse

It could enter administration as soon as Friday, May 6

Birmingham Post

North East wholesaler Kitwave raises expectations after strong first half

But the Niorth Shields firm sounded a note of caution about the impact of cost of living and cost of doing business pressures

Wales Online

Selling Sunset: All the Oppenheim Group agents who aren’t on the Netflix hit

Car enthusiasts to Bachelor stars - the Oppenheim Group stars who avoided Selling Sunset

Evening Standard

Russia exit will cost London Stock Exchange £60 million

Turning its back on Russia will cost the London Stock Exchange Group an estimated £60 million this year, the company admitted today.

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