Chairman of the Board of Directors and Executive Director of French Connection, the British retailer of clothes, Stephen Marks, said last weekend that he wanted to sell his 41.6 percent stake in the company, Sky News reported. Another 27% stake in French Connection is owned by Mike Ashley's Sports Direct International. According to Reuters, French Connection reported on Monday that the sale was possible as part of a review of strategic options. Against the background of this news, the company's shares rose 12.6% to 57.5 pence. In March of this year, French Connection, fixing the loss for 6 years, announced that it could return to profitability, after which it would begin paying dividends.
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
June had seen China’s factory gate prices falling for five consecutive months. This could be attributed to the novel coronavirus crisis dragging industrial demand. However, improvements monitored in some parts of the sector indicate ...
The French economy is emerging from the inactivity brought by the coronavirus outbreak as fast or faster than what was predicted a month earlier, Bank of France Governor Francois Villeroy de Galhau said on Sunday. Last month, the Bank of France ...
On Tuesday, Spirit AeroSystems Holdings Inc. (SPR.N) shares fell by 13% after its key supplier Boeing Co. (BA.N) revealed that the planemaker significantly reduced its orders for shipment this year. “Boeing indicates in the June 19 letter ...