Companies

HSBC Launches Climate-Focused Infrastructure Finance Unit
July 16, 2024
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HSBC Launches Climate-Focused Infrastructure Finance Unit

HSBC has introduced a new unit, HSBC Infrastructure Finance (HIF), to focus on climate-related infrastructure projects, aiming to capture a significant market share in sustainable finance.

Burberry Shares Plunge 16% Amidst Profit Warning, CEO Departure, and Dividend Cut
July 15, 2024
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Burberry Shares Plunge 16% Amidst Profit Warning, CEO Departure, and Dividend Cut

Burberry's shares plummeted 16% after issuing a profit warning, announcing the CEO's departure, and suspending its dividend due to a significant slowdown in sales and macroeconomic challenges.

Lloyds Bank to Transform Disused Office Sites into Social Housing
July 15, 2024
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Lloyds Bank to Transform Disused Office Sites into Social Housing

Lloyds Banking Group plans to convert unused office spaces into social housing, starting with a site in Pudsey, and is expanding its Citra Living division to provide affordable housing.

Baywa Plunges into Financial Crisis Amid Mounting Debt
July 15, 2024
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Baywa Plunges into Financial Crisis Amid Mounting Debt

Baywa, a prominent German agricultural and energy conglomerate, is facing a severe financial crisis due to a significant debt burden and surging interest rates, prompting the company to seek restructuring expertise.

Swatch Group's Half-Year Results Disappoint, Share Price Plummets to 15-Year Low
July 15, 2024
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Swatch Group's Half-Year Results Disappoint, Share Price Plummets to 15-Year Low

Swatch Group's poor half-year results, mainly due to a sharp decline in demand in China and surrounding regions, have caused the company's share price to plummet to its lowest level in 15 years.

Carpetright Faces Potential Collapse, Over 1,800 Jobs at Risk
July 14, 2024
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Carpetright Faces Potential Collapse, Over 1,800 Jobs at Risk

British flooring retailer Carpetright is on the brink of collapse, having filed a notice of intention to appoint administrators, jeopardising over 1,800 jobs.

Unilever to Cut a Third of European Office-Based Jobs by 2025
July 14, 2024
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Unilever to Cut a Third of European Office-Based Jobs by 2025

Unilever will cut a third of its European office-based roles, affecting 3,200 jobs by the end of 2025, to boost growth and efficiency under CEO Hein Schumacher. This restructuring is part of a broader cost-cutting effort amid shareholder pressure and company underperformance.

Decathlon Launches Investment Fund, Decathlon Pulse, to Drive Sports Innovation
July 11, 2024
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Decathlon Launches Investment Fund, Decathlon Pulse, to Drive Sports Innovation

Decathlon is accelerating its growth through the launch of Decathlon Pulse, an investment fund dedicated to driving innovation in the sports industry, and through strategic acquisitions of specialist brands.

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