Labour hedge fund donor’s profits drop 76% after restructure

Quadrature made largest single donation to party after UK election called in May

Business - Financial Times - 12 hours ago

World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).

Business - CNBC - October 22

Southwest Strikes a Truce With the Activist Hedge Fund Elliott

The airline will appoint six new directors to its board, avoiding a proxy fight with the activist investor Elliott Investment Management, one of its largest shareholders.

Business - The New York Times - October 25

Labour donor to back Tortoise’s proposed purchase of Observer

South African businessman Gary Lubner in talks on taking minority stake in online start-up

World - Financial Times - October 15

Klarna sells loans to hedge fund Elliott to free up £30bn for growth

Firm founded by US financier Paul Singer will take on risks and returns of the ‘buy now, pay later’ portfolio

Business - Financial Times - October 16

This Hedge Fund CEO Extols the Virtues of Challenging Conversations in the Workplace

Robyn Grew, the first woman and openly gay CEO of Man Group, says its diversity is an advantage.

Business - Inc. - October 28

Get ready for another mutual fund with a hedge-fund-style strategy. What investors need to know.

Eckhardt Trading Co., founded by longtime managed-futures trader Bill Eckhardt, is branching out into the mutual fund world with a strategy often associated with hedge funds.

Business - MarketWatch - October 15

Royal Caribbean CEO: Americans are ‘wealthier than ever’ and love to travel

Royal Caribbean’s stock pulls back from a record after revenue, profit outlook for the current quarter disappoint.

Business - MarketWatch - October 29

BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.

Business - CNBC - October 29

Hedge-fund manager who could be Trump Treasury secretary says tariffs can be negotiated lower

A hedge-fund manager who is reported to be in the running to be Treasury secretary if former President Donald Trump is re-elected said in an interview that a proposed across-the-board tariff rise — ...

Business - MarketWatch - October 14

Hong Kong cracks down on how banks and hedge funds discuss block trades

Regulator brings in new measures after launching criminal insider dealing case against Segantii Capital Management

Business - Financial Times - 5 days ago

Volkswagen profit plunges 64% as China sales slide

Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains

Business - Financial Times - 6 days ago

Ryanair profit drops as airline cuts passenger forecast

European low-cost carrier blames pressure on consumers for fall in fares

Business - Financial Times - Yesterday

After four penalty strokes in opening 76 and delay to Round 2, Joel Dahmen withdraws from Shriners

Dahmen was penalized four strokes on Thursday because of too many clubs in his bag.

Sports - Yahoo Sports - October 18

Labour to end profit incentive for rail operators in run-up to nationalisation

Train bosses accuse government of being ‘ideological’ over ending post-Covid scheme letting them keep more cash

World - Financial Times - October 23

UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability

UnitedHealth’s stock was having its worst day in more than four years on Tuesday, after the healthcare giant beat third-quarter profit and revenue expectations but missed on medical-care ...

Business - MarketWatch - October 15

Caterpillar’s stock falls as weak equipment sales lead to a rare profit miss

Caterpillar’s stock fell after a rare profit miss, while revenue was below expectations for a fourth straight quarter.

Business - MarketWatch - 6 days ago

Nintendo reports lower profits as demand drops for its aging Switch console

Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth ...

Entertainment - ABC News - 18 hours ago

Rayner defends Labour after Trump campaign complaint

The row over Labour volunteers campaigning in the US election was raised at Prime Minister's Questions.

British Labour Lawmaker Suspended After Punches Thrown

Video that emerged over the weekend appeared to show Mike Amesbury, a Labour party lawmaker, hitting a man in the face and then repeatedly landing more body blows.

World - The New York Times - October 28

The sperm donor bros of tech

Genetic largesse from some of Silicon Valley’s elite appears to be a mix of narcissism, altruism and dreams of immortality

Business - Financial Times - October 15

ING Lifts Outlook After Profit Beat

ING raised its total income outlook for the year and said it would distribute up to $2.7 billion to shareholders after net profits topped expectations.

Business - The Wall Street Journal - 5 days ago

Wrexham drop to 3rd after conceding late penalty

Wrexham saw a last-gasp penalty decision go against them as Charlton Athletic earned a 2-2 draw on Saturday to leave the Hollywood-owned side outside of League One's automatic promotion places.

Sports - ESPN - October 27

Labour to set up review after carer’s allowance overpayments scandal

Exclusive: overhaul of system that imposed draconian penalties for innocent errors in benefit claims is expected. Draconian penalties that caused unpaid carers to rack up thousands of pounds of ...

World - The Guardian - October 15

Labour suspends MP after video appears to show him punching man

Mike Amesbury also has the whip withdrawn, as police say a 55-year-old man has been interviewed under caution over the incident.

Labour MP suspended after footage appears to show him punching man

Keir Starmer approves action against backbencher Mike Amesbury

Business - Financial Times - October 27

British lawmaker suspended from Labour Party after video of apparent assault

A member of the British Parliament has been suspended by the Labour Party after a video appeared to show him punching and knocking a man to the ground

World - ABC News - October 27

BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19

BP’s profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasoline

Business - MarketWatch - October 29

Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expenses

Business - MarketWatch - 6 days ago

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 - 5 days ago

Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console

Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.

Business - CNBC - 12 hours ago

Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend

Lower global oil prices, weaker demand and prolonged OPEC+ production cuts led by Saudi Arabia continue to impact crude prices.

Business - CNBC - 21 hours ago

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