Benjamin Chiou

1 day ago | sharecast.com | Benjamin Chiou

Tucker, who announced last month his intention to retire before the end of the year, has now been recruited as the non-executive chair of AIA and will join the insurance giant on 1 October. Accordingly, he will step down as HSBC group chair with effect from 30 September, after eight years with the company. Independent non-executive director Brendan Nelson, who is chair of the group audit committee, is to step in as interim group chair once Tucker leaves.

1 day ago | sharecast.com | Benjamin Chiou

Due diligence in relation to PHP’s 51.7p-a-share offer has been taking place over the past two weeks, and reciprocal due diligence “remains ongoing”. “The provision of due diligence materials continues and Assura is working closely with PHP to ensure that the process moves forward in a timely manner,” the company said.

2 days ago | sharecast.com | Benjamin Chiou

The fallout of Musk's recent severe public criticism of Trump's spending bill turned into a war of words on Thursday, with the pair launching insults at each other on social media. Musk's attacks included him alleging that Trump was in the 'Epstein Files'; while Trump claimed that Musk knew the "inner workings of the bill [and] had no problem with it" – something which the Tesla founder denied.

2 days ago | sharecast.com | Benjamin Chiou

The plans, which involve brand exits, selected brand divestitures and potential market exits, will see the company lose around 15% of its workforce from non-manufacturing roles. P&G said it wants to make its supply chain more efficient, innovative and resilient, while enabling faster decision-making across the organisation. Organic sales growth at P&G has slowed to just 2% over the first three quarters of its latest fiscal year combined, down from 4% last year and 7% the year before that.

2 days ago | sharecast.com | Benjamin Chiou

According to Eurostat data on Thursday, wholesale prices across the single-currency region declined by 2.2% in April, following a revised 1.7% decrease in March. This was a lot quicker than the 1.8% fall expected by economists and the steepest monthly drop since April 2023. Energy prices fell 7.7% over the month, following a 5.8% decline in March, while prices for intermediate goods fell 0.1% after no change the previous month.