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China's Geely targets global sales of over 6.5 million vehicles by 2030
Reuters· 2026-01-22 08:58
China's Geely Holding Group (GEELY.UL) said on Thursday that it targets global sales of over 6.5 million vehicles by 2030 when its annual revenue is estimated to top 1 trillion yuan ($143.62 billion). ...
Alibaba to plan IPO for AI chipmaking unit T-Head, Bloomberg News reports
Reuters· 2026-01-22 08:56
Group 1 - Alibaba is preparing to list its chipmaking arm, T-Head [1]
Holcim CEO expects to make around 15 acquisitions in 2026
Reuters· 2026-01-22 08:50
Core Viewpoint - Holcim plans to pursue approximately 15 acquisitions in 2026, indicating a sustained commitment to its M&A strategy in the building materials sector [1] Group 1 - The CEO of Holcim, Miljan Gutovic, announced the acquisition plans during the World Economic Forum in Davos [1]
VW shares jump to top of Germany's DAX after it reports upbeat automotive cash flow
Reuters· 2026-01-22 08:49
Shares in Volkswagen jumped to the top of Germany's blue-chip DAX index on Thursday after Europe's biggest carmaker reported better-than-expected 2025 net cash flow in its automotive division. ...
UK's Beazley rejects Zurich Insurance's $10 billion takeover bid
Reuters· 2026-01-22 08:37
Beazley rejected a 7.67-billion-pound ($10.3 billion) takeover bid from Zurich Insurance on Thursday, citing that it "materially undervalues" the UK speciality insurer and was lower than another proposal it rejected last year. ...
Ubisoft shares tumble after 'Assassin's Creed' creator unveils restructuring, cancels games
Reuters· 2026-01-22 08:19
Group 1 - Shares in Ubisoft experienced a significant decline following the announcement of a major reorganization and the cancellation of six games [1]
UK's Harbour Energy posts 2025 output at top end of guidance
Reuters· 2026-01-22 07:30
Core Viewpoint - Harbour Energy, focused on the North Sea, reported 2025 production at the upper end of its forecast, driven by increased output from new wells and projects [1] Group 1 - The company experienced stronger production due to the successful implementation of new wells [1] - Harbour Energy's production forecast for 2025 has been positively adjusted, reflecting robust operational performance [1]
Societe Generale to cut 1,800 jobs in France
Reuters· 2026-01-22 07:27
Group 1 - Societe Generale announced a reduction of 1,800 positions in its French retail banking branch [1] - The job cuts may extend beyond the French retail banking sector [1]
AB Foods confirms Primark's Christmas quarter sales fell 2.7%
Reuters· 2026-01-22 07:11
Core Viewpoint - Associated British Foods confirmed a decline in underlying sales at its Primark clothing business, reporting a 2.7% drop during the Christmas quarter [1] Company Summary - The Primark clothing business of Associated British Foods experienced a 2.7% decrease in underlying sales for the Christmas quarter [1]
Hyundai Motor's Korean union warns of humanoid robot plan, sees threat to jobs
Reuters· 2026-01-22 06:47
Core Viewpoint - Hyundai Motor's labor union in South Korea has issued a warning against the deployment of humanoid robots by the automaker, citing concerns over potential "employment shocks" that could arise from such technology [1] Group 1 - The labor union emphasizes the need for union approval before any deployment of humanoid robots [1] - The union's stance reflects broader concerns about job security and the impact of automation on employment within the automotive industry [1]