Heathrow Airport is preparing for a major leadership transition as former BT Group chief executive Philip Jansen emerges as the frontrunner to become its next chairman, reported Sky News. The move comes as Britain’s largest aviation hub pushes ahead with a long-awaited £50 billion expansion plan, including the construction of…
HDFC Bank Ltd., India’s largest private sector lender, reported a stronger-than-expected profit for the September quarter, supported by steady loan growth and improving asset quality, even as pressure on margins persisted. The results highlight the bank’s resilience amid a challenging deposit environment following its merger with Housing Development Finance Corp.…
ICICI Bank Ltd., India’s second-largest private sector lender, posted a stronger-than-expected profit for the September quarter, buoyed by robust loan growth and improving asset quality. The Mumbai-based bank’s performance highlights continued resilience amid evolving market conditions and healthy retail demand.Profit beats street estimates on steady loan expansionICICI Bank’s standalone net…
Apple has won exclusive US broadcast rights to Formula 1, marking the first time the championship will move entirely to streaming.Starting in 2026, Apple TV will show all races, qualifying sessions, and practice rounds, replacing ESPN as the official rights holder.The move signals a major shift in how audiences will…
Micron stock (NASDAQ: MU) tumbled on Friday, following Reuters reports that the US chipmaker has decided to abandon China’s server chip market after failing to rebound from Beijing’s 2023 ban on its products.The stock dropped approximately 4% in premarket trading before moderating to around 2.5% lower during regular hours, as…
Zions Bancorporation (NASDAQ: ZION) nosedived this week after reporting a $50 million write-off tied to fraudulent loans. The sell-off wiped over $1 billion off its market cap in recent sessions.The regional bank’s announcement sparked investor anxiety over its lending standards and broader credit risk across the financial sector.However, a senior…
A turbulent Friday across Europe as the BBC faces a formal rebuke from Ofcom over a “misleading” Gaza documentary, Spanish police reopen the Mango founder’s death as a homicide case, UK bank stocks plunge amid US financial jitters, and Ferrari reins in UK sales following the end of Britain’s non-dom…
Jefferies has publicly accused auto-parts firm First Brands Group of defrauding one of its funds, a sharp escalation in a story that has roiled credit markets and left investors scrambling for answers.The claim came as Jefferies disclosed that a Leucadia Asset Management fund, Point Bonita, holds roughly $715 million of…
Hims & Hers Health Inc (NYSE: HIMS) started this week on a positive note after announcing its expansion into menopause-related treatments – a large and underserved market.However, the rally is fading rather quickly. On Friday, the telehealth stock tanked another 15% as Andrew Dudum, the company’s chief executive, confirmed he’s…
Oracle stock (NYSE: ORCL) tumbled 6.5% on Friday, wiping billions from the market value of the enterprise software giant as investors parsed the company’s long-term AI and cloud ambitions against the short-term costs of scaling. The stock swung sharply after an analyst event in Las Vegas where management laid out…