Investing.com -- Associated British Foods (OTC:ASBFY) (AB Foods (LON:ABF)) announced that the chief executive of its Primark clothing business, Paul Marchant, has resigned immediately. His resignation comes in the wake of an allegation made by an individual about his behavior in a social setting.Primark, a fast fashion chain, is a significant part of AB Foods, contributing about half of the groupâ ...
By Amy-Jo CrowleyLONDON (Reuters) -ING Groep met with Italy’s Banca Popolare di Sondrio (BIT:BPSI) in recent weeks as it seeks to grow in Europe through takeovers, a person with knowledge of the matter said. The early stage discussions were not advanced and may not proceed to an offer by the Dutch bank, the person said. ING and Sondrio declined to comment. A bid by ING would riv ...
Investing.com -- Volvo (OTC:VLVLY) Car (VOLCAR.B) has reappointed Hakan Samuelsson as its chief executive officer as the Swedish automaker confronts increasing challenges from potential U.S tariffs and escalating competition.Samuelsson, aged 74, has a long history with the company, having served on its board since 2010 and acting as CEO for a decade until 2022. During his tenure, he played a key r ...
Investing.com -- Japan’s premier stock index, the Nikkei 225, witnessed a sharp fall of 4.05% to close the trading day at 35,617.56, marking a near 12% drop from its peak in December. This significant decline has pushed the index into what is commonly referred to as correction territory.The broader Topix index was not immune to the downward pressure, losing 3.57% to end the day at 2,658.73. The ...