Tesco Launches Share Buyback, Expects Higher Profit
Tesco launched a $1.27 billion share buyback and said it expects profit to rise in the year ahead, signaling improving consumer demand as inflation tapers off. Source link
Jack Ma Praises Alibaba's Leadership, Restructuring
The Alibaba co-founder praised the company’s leadership and the ongoing restructuring in a memo to employees, a rare move for the billionaire since stepping away from the spotlight in recent years. Source link
UK government claims added momentum for Project Gigabit
Data published by the UK government has revealed that since the start of 2024, access to fast and reliable broadband connectivity is increasing at an unprecedented speed, putting nearly 380,000 rural premises in line to access a better broadband connection with what it claims is a record £714m invested in the broadband roll-out so far … Read more
7-Eleven Owner Weighs IPO of Superstore Business
The Japanese owner of 7-Eleven, Seven & i Holdings, is considering listing its superstore business as part of efforts to focus on its convenience-store segment. Source link
Bang & Olufsen to Adjust Investments as Europe, China Markets Struggle
Bang & Olufsen will continue to target a larger share of higher margin revenue but it will adjust the timing and size of investments amid challenging market conditions, including in key markets in Europe and China. Source link