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The Latest Breaking News from SoftBank

Japan's SoftBank returns to profit as investments rebound

Japanese technology investor SoftBank Group has reported a 3 trillion yen, or $21 billion, profit for the July-September quarter, a sharp reversal from its loss a year ago

The Independent UK

Tech investment giant SoftBank sells entire THG stake to Matthew Moulding and Qatar

The move comes after a $1.6bn deal that would have seen SoftBank take a near 20% stake in a major division of THG was abandoned in July

Manchester Evening News

THG shares rise after SoftBank sells stake to Moulding and Qatar

Founder of online shopping group cements control as Japanese firm offloads its holding at £450m loss

The Guardian - UK

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SoftBank sells entire THG stake to Matthew Moulding and Qatar

THG said it will receive £31m in proceeds after agreeing to sell 67.8 million shares to Qatar Investment Authority

Birmingham Post

SoftBank cuts 150 jobs as investments plummet

It comes just weeks after the firm posted a staggering $23 billion (£19 billion) net loss

Evening Standard

Why the value of my second-hand Toyota has risen tenfold in Japan

With new cars in short supply, AI is shaping a booming second hand market

Financial Times

Top Financial Media Stories Friday, September 16: Uber Internal Systems Hacked By A Teenager, Germany Takes Control of Oil Refineries Owned by Russia's Rosneft, Kanye West End Apparel Partnership with Gap And More..

New York Times

Benzinga

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Truss and Kwarteng in fresh push to persuade SoftBank to list Arm in UK

Cambridge-based chip designer’s owner prefers US to London but PM and chancellor aim to revive talks

The Guardian - UK

Masayoshi Son sounds a warning for vision-peddlers everywhere

The SoftBank founder has sent investors an uncharacteristic message of risk aversion — and that’s a problem for Japan

Financial Times

Why SoftBank's Billionaire CEO Can't Harness His Inner Warren Buffett And Buy The Market Dip

Japanese investment heavyweight SoftBank Group Corp reported a record $23-billion quarterly loss on Monday.

Benzinga

Investment giants lower stakes in Matthew Moulding's THG

THG founder and chief executive Matthew Moulding is the single largest shareholder in the group

Birmingham Post

SoftBank CEO ‘ashamed’ of pride in past profits as record losses prompt cost cuts

Japanese technology and investment group is seeking to float UK-based chip maker Arm

The Guardian - UK

SoftBank posts record £19bn loss as tech investments flop

The results add further pain on top of the $26 billion loss its Vision Fund posted in May

Evening Standard

Japan Tech Giant Softbank Posts $23 Billion Quarterly Loss

Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762 billion yen profit in the same quarter…

Asharq Al-Awsat

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The Independent UK

Japan tech giant SoftBank posts $23 billion quarterly loss

Japanese technology company SoftBank Group posted a $23 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates

Manchester Evening News

One of Manchester's richest men gifts shares worth over £800,000 to his mates for free

Mr Moulding recently completed the donation of millions of pounds to charitable causes in the city.

Birmingham Post

THG boss Matthew Moulding hands shares worth more than £800,000 to friends for free

Mr Moulding has a stake of about 22% in THG

The Guardian - UK

Unilever demonstrates an impressive degree of pricing muscle

Upgrading its revenue guidance is reassuring after the firm’s failed tilt at GSK’s consumer arm, but things remain volatile

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The Guardian - UK

UK e-commerce firm THG ends investment deal with Japan’s SoftBank

Company, which owns sites such as Lookfantastic and Zavvi, blames ‘global macroeconomic conditions’

Birmingham Post

THG and SoftBank abandon $1.6bn deal over 'global macroeconomic conditions'

The deal was first announced in May 2021

The Guardian - UK

SoftBank ‘halts plans’ for Arm’s London listing amid political instability

Loss of UK chip designer’s flotation would jeopardise capital’s attempt to prove it can compete against US

The Guardian - UK

Owner of UK chip designer Arm says London still in running for flotation

SoftBank chief has been lobbied to bring public offering to the UK but says Nasdaq still his ‘main preference’

Benzinga

Softbank's Masayoshi Son Emphasizes Chances Of US Listing For Arm

Softbank Group Corp (OTC:SFTBY) founder and CEO Masayoshi Son stressed the possibility of British-based chip designer unit Arm Ltd listing on Nasdaq pending a final decision, Reuters reports. "Most of Arm's clients are based in Silicon Valley and ... stock markets in the U.S. would love to have Arm," Son told at the annual…

The Guardian - UK

The only way to convince SoftBank to list Arm in London is on merit

Government idea to force Japanese firm to list Cambridge computer chip designer in UK seems desperate

Benzinga

Softbank Continues To Lose Key Official In Quick Succession

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) SoftBank Group International named SBGI Managing Partner Alex Clavel as CEO, effective June 30. Clavel, a seven-year veteran in the company, succeeded Michel Combes, who departed to pursue new opportunities after five years in the company. Combes had assumed the CEO position five months back, succeeding former SoftBank…

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