Rwe Launches Share Buybacks after Backlash over Renewables

RWE scales back €55bn renewables bet after Trump win

German power producer was already under pressure from shareholders to lift returns

World - Financial Times - 21 hours ago

HSBC chief says east-west division will not lead to ‘any split’

Georges Elhedery embarks on sweeping overhaul of lender as part of cost-cutting drive

Business - Financial Times - October 29

Oil giant Shell posts $6 billion profit beat, launches new share buyback program

British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp drop in crude prices was offset by higher gas sales.

Business - CNBC - October 31

United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback

United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.

Business - CNBC - October 16

RWE Plans $1.6 Billion Buyback Due to Expected U.S., Europe Project Delays

The power utility said risks to offshore wind projects increased following the U.S. election as it warned of delays to its plans off the East Coast due to outstanding permits.

Business - The Wall Street Journal - 19 hours ago

FirstFT: HSBC overhaul to divide businesses along east-west lines

Also in today’s newsletter, EY fires staff for ‘cheating’ and Mubadala Capital’s private equity push

World - Financial Times - October 22

Hezbollah launches renewed rocket attacks on northern Israel

World - Yahoo News - 6 days ago

Meloni launches renewed effort to detain migrants in Albania

Arrival of asylum seekers from Egypt and Bangladesh will test Italian government’s deal with Tirana

Business - Financial Times - 5 days ago

Chinese share buybacks hit record high as Beijing steps up support

Policymakers push companies to return cash to shareholders as they try to revive flagging stock market

Business - Financial Times - October 21

HSBC shares surge on another $3 billion buyback plan and earnings beat

HSBC shares increased 4% on Tuesday as the British bank beat analysts’ earnings expectations for the third quarter and launched another $3 billion share buyback plan.

Business - MarketWatch - October 29

Snap shares jump 10% on profit beat, stock buyback

Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.

Business - CNBC - October 29

Schroders shares tumble to lowest in over 10 years after warning on outflows

Incoming chief executive Richard Oldfield pledges to sharpen asset manager’s focus and execution

Business - Financial Times - November 5

Australian breaker Raygun retires from sport after Olympic backlash

Rachael Gunn said the level of scrutiny around her performance made it difficult to keep competing.

Deutsche Bank warns of rising bad loan provisions

German lender posts record third-quarter profits but tells investors to brace again for credit risks

Business - Financial Times - October 23

Olympus shares drop over 5% after CEO resigns over drug allegation

The stock slid 5.3% on the Tokyo Stock Exchange following news of Stefan Kaufmann's resignation.

Business - CNBC - October 28

Ulta Beauty unveils $3 billion share buyback program and plans to open 200 new stores in next three years

Ulta Beauty Inc. announced a new $3 billion share buyback authorization on Wednesday and said it plans to open 200 new stores over the next three years.

Business - MarketWatch - October 16

HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectations

Pre-tax profit came in at $8.5 billion, a 10% rise from the $7.7 billion posted a year ago.

Business - CNBC - October 29

Australia PM faces backlash over new A$4.3m beach pad

The purchase comes months out from an election in which the cost of living and housing are key issues.

Malaysia Minister Braces for Backlash Over Fuel Subsidy Revamp

World - Yahoo News - October 20

Bezos faces backlash at Washington Post over refusal to run Harris endorsement

Bob Woodward and Carl Bernstein say decision ignores ‘threat Donald Trump poses to democracy’

Business - Financial Times - October 26

Trump campaign continues to face backlash over Madison Square Garden rally

While campaigning Tuesday, former President Donald Trump did not apologize for the racist and vile comments that were said at his Madison Square Garden rally on Sunday, and instead said it was "an ...

Raygun quits competitive breakdancing over backlash to her viral Olympics performance

Rachael "Raygun" Gunn has announced that her professional breakdancing career is over, citing the online reaction to her Paris Olympics performance.

Harris ditched Joe Rogan interview over progressive backlash fears

Decision seen as major blunder for campaign that lost male votes to Donald Trump

World - Financial Times - 12 hours ago

Kemi Badenoch promises change after historic Tory leadership win

The former business secretary is the first black woman to lead a major political party in the UK.

Renewable-energy stocks tank after Trump wins White House

Trump, a climate change denier, is expected to upend green policies implemented by the current administration, which include solar tax credits and incentives that were part of incumbent President ...

Business - MarketWatch - November 6

Gaetz misconduct probes under renewed scrutiny after attorney general nod

President-elect Donald Trump has selected longtime ally, Rep. Matt Gaetz of Florida, to serve as his next attorney general. CBS News investigative producer Michael Kaplan joins "America Decides" to ...

Hyundai Motor India's shares drop 7% on trading debut after record IPO

Hyundai Motor India shares fell 7% on their trading debut Tuesday after a record $3.3 billion initial public offering.

Business - CNBC - October 22

Tokyo Metro shares surge 45% on debut after Japan's largest IPO in six years

The IPO offered 2.32 billion shares for a price of 1,200 yen apiece, valuing the offering at 348.6 billion yen ($2.3 billion)

Business - CNBC - October 23

Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans

The automaker posted disappointing second-quarter results and announced reductions in production and staff.

Business - CNBC - 6 days ago

Backlash after comedian at Trump rally calls Puerto Rico 'island of garbage'

Republicans join Democrats to condemn Tony Hinchliffe for his comments at the New York event.

Trump Team Fears Damage From Racist Rally Remarks

The Trump campaign issued a rare statement distancing itself from a comedian’s offensive joke about Puerto Rico at his rally on Sunday, a sign that it was concerned about losing crucial votes.

Top stories - The New York Times - October 29

Klopp defends Red Bull move after fan backlash

Jürgen Klopp has defended his decision to head up Red Bull's group of football clubs, saying he "didn't want to step on anybody's toes" after his decision prompted a backlash from fans of his ...

Sports - ESPN - October 31

Rwe Launches Share Buybacks after Backlash over Renewables

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