Leadership
No Signboard shareholders grill executives on share consolidation, future plans
TOP executives of beleaguered restaurant operator No Signboard on Wednesday (Mar 13) outlined their plans for the company in the near term – including the resumption of trading of...
India’s Tata Motors to build 90 billion rupee plant in Tamil Nadu
INDIA’S Tata Motors has signed a deal to build a 90 billion rupee (S$1.4 billion) manufacturing plant in Tamil Nadu, the southern state’s industries minister said on Wednesday (Mar...
Lloyds sells £6 billion of Scottish Widows annuities to Rothesay
LLOYDS Banking Group will offload a £6 billion (S$10.22 billion) portfolio of bulk annuities from its Scottish Widows subsidiary to pensions insurance specialist Rothesay Life. The portfolio includes benefits...
UBS starts job cuts at Asia wealth unit after profit slump
UBS Group started cutting jobs at its Asia private banking division this week as a slump in profits weighs on the region’s largest wealth manager, according to people familiar...
European shares scale new record highs on upbeat earnings
EUROPEAN shares opened higher to hit another record high on Wednesday (Mar 13), as upbeat corporate updates encouraged market sentiment, while investors awaited industrial production data from the region....
Zara-owner Inditex first Spring sales rise 11% on upmarket fashion bet
ZARA-OWNER Inditex said on Wednesday (Mar 13) its sales jumped 11 per cent in constant currency for the first-half of the spring season between Feb 1 and Mar 11,...
Zara-owner Inditex gets spring season boost from upmarket fashion
ZARA-OWNER Inditex’s sales jumped 11 per cent at constant currencies in the first half of its spring season, boosted by upmarket fashions and continuing the strong momentum that saw...
Cathay Pacific reports first annual profit since 2019
HONG Kong carrier Cathay Pacific on Wednesday (Mar 13) reported its first annual net profit in four years, citing “significant pent-up demand for travel” following the pandemic. Chair Patrick...
