Puma shares soar on report Pinault family exploring sale of 29% stake
- 26-Aug-2025
Shares in Puma SE surged after Bloomberg reported on Monday that the holding company of France’s Pinault family is weighing options for its 29% stake in the German sportswear maker including sounding out potential buyers. The Pinault’s holding company, Artemis, which controls Gucci-owner Kering (PRTP.PA), opens new tab and other businesses in the luxury, arts […]
Puma shares dive after warning of full-year loss
- 26-Jul-2025
Puma shares dropped 16% on Friday after the German sportswear brand said it now expects an annual loss as sales decline and U.S. tariffs dent profit. Puma has been struggling to attract shoppers as re-released retro sneakers, such as the Speedcat, have not sold as well as hoped, and CEO Arthur Hoeld, in the role […]
Samsung Electronics to cancel $2.11 billion worth of own shares
- 18-Feb-2025
Samsung Electronics (005930.KS), opens new tab has decided to cancel 3.05 trillion won ($2.11 billion) worth of its own shares that it had acquired previously, the company said in a regulatory filing. Samsung also said in a separate regulatory filing it would acquire 2.7 trillion won worth of its own common shares, and 304 billion […]
Markets tumble over Trump tariffs, world leaders brace for his next moves
- 03-Feb-2025
WASHINGTON/BRUSSELS: US stocks opened on Monday at their lowest level since Donald Trump was sworn in two weeks ago, and other global financial markets slumped after the U.S. president ordered tariffs imposed on Canada, Mexico and China, while world leaders responded to his threats to expand tariffs to the European Union as well. The benchmark […]
PIA shares record 600pc raise
- 22-Mar-2024
KARACHI: Following reforms in the Pakistan International Airlines (PIA), the shares of the national flag carrier recorded 600 per cent surge during trading at the Pakistan Stock Exchange. In the last 10 days, the PIA shares jumped to Rs27 from Rs4.50. According to market experts, the share price is going up due to the confidence […]
Nintendo shares slide on reports of delayed Switch successor release
- 19-Feb-2024
TOKYO: Nintendo (7974.T), opens new tab shares fell 6% on Monday after reports by games media and Bloomberg that its next-generation console will be delayed until early 2025 from later this year. While Nintendo has not commented on plans for a successor device beyond saying that it is always working on new hardware and software, […]
Japan shares hit 34-year highs, yen loses ground as BOJ stands pat
- 23-Jan-2024
SYDNEY: Japanese shares surged to fresh 34-year highs and the yen gave ground on Tuesday as the Bank of Japan stood pat on ultra-loose monetary policy, while Chinese stocks got a temporary lift from a report of a huge market rescue package. Japan’s Nikkei (.N225), opens new tab rose 1% to the highest level since […]
Adani saga spotlight shifts to Indian regulator, shares skid again
- 13-Feb-2023
India’s market regulator is set to brief the federal government on its investigation into Adani group’s shelved share sale, two sources said, thrusting the watchdog into the limelight in a week when its laws also face scrutiny by the nation’s top court. The upheaval in the Indian conglomerate triggered by a short-seller’s report last month […]
Adani Enterprises shares suspended as price slumps again
- 03-Feb-2023
Shares in the flagship firm of beleaguered Indian tycoon Gautam Adani were repeatedly suspended on Friday as a rout triggered by allegations of accounting fraud deepened. Adani Enterprises fell 10 percent at the open, while Adani Power, Adani Green Energy, Adani Total Gas — in which French giant TotalEnergies has a 37.4 percent stake — […]
Gautam Adani loses Asia’s richest crown
- 01-Feb-2023
Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as a rout in his companies deepened to $84 billion in the wake of a US short-seller report, with the billionaire also losing his title as Asia’s richest person. Wednesday’s stock losses saw Adani slip to 15th on Forbes rich list with an estimated […]