Ad group WPP says COVID-19 has speeded up strategy shift
The COVID-19 pandemic is forcing the world’s biggest advertising company WPP to accelerate its strategy of bringing its multiple agencies together to produce work more...
Wirecard slides again after short seller demands CEO’s head
Shares in Wirecard slumped again on Wednesday as a prominent short seller demanded the sacking of CEO Markus Braun after a special audit of the...
GE revenue falls 7.6% as coronavirus crisis takes toll
General Electric Co reported a 7.6% drop in first-quarter revenue, hurt by weakness in its aviation and power units due to the coronavirus pandemic, and...
Face masks and a factory redesign: How Bentley plans reduced return to work
Bentley will make wearing face masks compulsory at its British car factory and has introduced a two-metre distance between workers which will result in output...
U.S. SEC investigates Luckin Coffee over accounting scandal: WSJ
The U.S. Securities and Exchange Commission is investigating Luckin Coffee Inc for fabricating millions of dollars worth of sales deals last year, the Wall Street...
Britain’s Waitrose names former Sainsbury’s director James Bailey as new boss
Britain’s John Lewis Partnership has appointed James Bailey, a former director of Sainsbury’s , to be the new boss of its upmarket supermarket chain Waitrose,...
Beiersdorf top managers to waive 20% of fixed pay until December
Top managers at Nivea-maker Beiersdorf are waiving 20% of their fixed compensation between April and December, Chief Executive Stefan De Loecker said on Wednesday, adding...
John Lewis Partnership names former Sainsbury’s director James Bailey as new Waitrose boss
Britain’s John Lewis Partnership [JLPLC.UL] has appointed James Bailey, a former director of Sainsbury’s , to be the new boss of its upmarket supermarket chain...
UK’s Next bolsters finances after coronavirus triggers 41% sales fall
British clothing retailer Next has shored up its finances to help get it through the coronavirus crisis by selling property, suspending share buybacks and dividends...
StanChart sees key markets leading quick economic recovery after loan losses hit first quarter
Standard Chartered PLC on Wednesday said it expects its main markets to lead global economic recovery from the COVID-19 crisis as early as later this...