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The Latest Breaking News from SoftBank

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

Stocks Higher, 'Inflation Reduction Act,' Softbank, CVS Health and Signal - Five Things To Know

Stock futures higher ahead as investors assess the 'Inflation Reduction Act,' Softbank posts massive fiscal loss, and CVS Health ponders bid for Signal Health.

The Street

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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

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

The Independent UK

Japan's SoftBank reports record quarterly net loss

Tokyo (AFP) - Japan's SoftBank Group on Monday reported a record quarterly net loss of $23.4 billion, after interest rate hikes tanked tech shares.

AFP

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.

Manchester Evening News

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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

Birmingham Post

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

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’

The Guardian - UK

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

The deal was first announced in May 2021

Birmingham Post

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’

The Guardian - UK

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…

Benzinga

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The Street

Stocks Higher, Bank Stress Tests, FedEx, Gas Prices and Arm Listing - Five Things To Know

Stock futures higher but growth concerns linger; U.S. banks pass Fed stress tests, paving way for dividend boost; FedEx shares jump after Q4 earnings beat, solid 2023 outlook; Gas prices slide as White House meets with oil bosses and Softbank's son says Arm likely to list on the Nasdaq

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…

The Guardian - UK

Owner of UK chip designer Arm may float some of firm’s shares in London

Japan’s SoftBank still likely to conduct IPO in New York but could secure secondary listing

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Benzinga

Building Successful Startups Beyond Venture Capital Funding is Totally Possible

Building a product people love is a challenge in itself. Now add the need to earn enough money from Day 1 to cover all the development costs, all the experiments, and have a reliable income that will allow you to convince engineers and designers who will be building it to…

Evening Standard

Croatian electric supercar firm Rimac drives more funding

Porsche, SoftBank and Goldman Sachs contributed to €500 million Series D funding round

Benzinga

CLSA Expects SoftBank To Focus More On Buybacks Than High Growth Stocks Like Alibaba

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) may, for the first time, spend more on share buybacks than investments through its landmark Vision Fund as the firm goes into "defense" mode, according to CLSA's Oliver Matthew. "I think that the comments yesterday from Masayoshi Son made it very clear we're in defense round…

Benzinga

SoftBank's Stock Picking Unit Suffers Colossal Losses Due To Tech Meltdown

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son's controversial side venture SB Northstar, which focused on stock picking, just backfired, Bloomberg reports. SoftBank reported a record annual loss at its Vision Fund unit as a global selloff in tech shares battered the value of public holdings like Coupang, Inc (NYSE:CPNG) and DiDi Global Inc (NYSE:DIDI). The Vision Fund unit hinged…

Evening Standard

WeWork-backer SoftBank posts record $20 billion loss as tech stocks plunge

The world’s biggest technology investor has lost a record $20.5 billion (£16.8 billion) as its bets turn sour.

The Independent UK

Japan's SoftBank sinks to losses as investments sour

Japanese technology company SoftBank Group has dropped into losses as the value of its investments declines

AFP

SoftBank reports record $13 billion loss as tech shares tank

Tokyo (AFP) - Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a US tech share rout and a regulatory crackdown in China.

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