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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN —...
Germany’s largest lender announces €1.45 billion net income for the first three months of the year. ADVERTISEMENTDeutsche Bank has recorded a first quarter net income of €1.45 billion, 10% more than the total made during the...
Shares in Barclays jumped on Thursday as the UK lender swung back to profit after reporting losses in the final three months of last year amid its efforts to restructure the bank's operations. ADVERTISEMENTThe share price of the...
London CNN — Shares in Meta plunged in premarket trading Thursday as the company’s plans to “invest aggressively” in artificial intelligence spooked investors. Meta’s stock was down around 13%, threatening to wipe almost...
London CNN — A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses and shield the country from another banking collapse. Now, the giant Swiss...
Fund managers' political leanings sway the way they vote, impacting company governance at the expense of its performance, Massimo Massa and Lei Zhang write. ADVERTISEMENTFund managers are meant to be focused on value creation,...
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN —...
British sports fashion retailer JD Sports has put in a billion-dollar bid to buy American sports brand Hibbett, as the UK's largest sportswear retailer aims to expand its presence within the US. ADVERTISEMENTJD Sports says it...
London CNN — Shares in Chinese bubble tea chain Sichuan Baicha Baidao failed to pop during their market debut Tuesday, tumbling as much as 38% from their listing price. The company, also known as Chabaidao or ChaPanda, had priced...
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN —...
CVC, which holds stakes in the Six Nations rugby and Lipton Teas, prepares to sell over 100 million shares after years of planning. ADVERTISEMENTCVC Capital Partners is seeking a valuation of €13 billion to €15 billion as it readies...
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN —...
