Posts by Liam Redmond
NSL reverses losses with a net profit of S$18.9 million in latest 6-month results
INDUSTRIAL group NSL posted a net profit of S$18.9 million for the six-month period ended Dec 31, 2024, a reversal from its net loss of S$25.8 million in the same period in the previous year, as the company had recorded impairment losses amounting to S$32.2 million from an associated company then. For the 12-month period…
Read MoreLiam Payne ‘struggled with his sexuality,’ forced ex Maya Henry to get an abortion: bombshell report
A bombshell report revealed troubling details about Liam Payne’s romance with Maya Henry. Getty Images for Elton John AIDS Foundation Troubling details about Liam Payne’s relationship with his ex-fiancée Maya Henry have emerged four months after his death. The former One Direction member sexted other men while dating the writer on and off from 2018…
Read MoreChina bubble tea firm Mixue targets US$500 million in February Hong Kong IPO: sources
The firm plans to use the money raised in its IPO to expand production facilities and help increase its range of drinks CHINA’S largest bubble tea firm, Mixue Group, will begin bookbuilding for its Hong Kong initial public offering by the end of February to raise about US$500 million, according to three sources with direct…
Read MoreCoca-Cola posts surprise revenue jump on higher prices, steady demand
It’s focused on capturing demand in emerging markets such as India and expanding its portfolio in North America Coca-Cola posted a surprise rise in comparable revenue and topped estimates for fourth-quarter profit on Tuesday (Feb 11), helped by higher prices and resilient demand for its sodas, sending the company’s shares up about 4 per cent…
Read MoreWing Tai H1 net profit declines 51% to S$10.1 million
PROPERTY and retail company Wing Tai Holdings’ net profit continued its decline in the first half of its 2025 fiscal year due to lower contributions from its property assets, after selling one of its condominium projects in Singapore. The company also incurred higher sales and finance costs for the six-month period ended Dec 31, 2024.…
Read MoreSGX securities turnover value up 1% in January; volume down 31%
THE total securities market turnover value on the Singapore Exchange (SGX) increased 1 per cent year on year (yoy) to S$20.8 billion in January, with the Straits Times Index (STI) hitting a 17-year high and exchange-traded funds’ (ETFs) assets under management (AUM) rising to a record level. January’s total market turnover volume fell 31 per…
Read MoreBP pledges strategy reset as annual profit falls by a third
BP CEO Murray Auchincloss pledged on Tuesday (Feb 11) to fundamentally reset the company’s strategy as it reported a 35 per cent fall in annual profits, missing analysts’ expectations. The drop in profit to US$8.9 billion follows weekend reports Elliott Investment Management has built a stake in the company, intensifying demands for strategic shifts. Auchincloss…
Read MoreQAF lifts guidance for FY2024
Improvement is attributed to better business performance and lower non-cash impairments of joint venture Source link
Read MoreI Squared eyes DigitalBridge towers in South-east Asia: source
I SQUARED Capital is considering buying some of the assets of DigitalBridge Group’s South-east Asian telecom tower operator, according to people with knowledge of the matter. DigitalBridge had been evaluating a potential full sale of the company, Singapore-based EdgePoint Infrastructure, but was unable to reach an agreement with I Squared on valuation, the people…
Read MoreHSBC hires ex-BNP banker Sun as head of debt markets for Asia
HSBC Holdings hired former BNP Paribas banker George Sun as head of global debt markets for Asia, attracting an outsider even as the bank undergoes a restructuring. A spokeswoman for HSBC confirmed the hire. Sun starts with the bank on Mar 11 and will be based in Hong Kong. He was previously head of…
Read MoreGucci sales tumble as Kering turnaround fails to take shape
GUCCI quarterly sales tumbled as Kering’s biggest label struggles to emerge from an extended demand downturn. Revenue at Gucci fell 24 per cent on a comparable basis in the fourth quarter, Kering said on Tuesday (Feb 11) in a statement. Analysts had expected a slide of 22 per cent. In the latest sign of turmoil…
Read MoreParagon Reit jumps 11.8% on privatisation offer
This is after the manager announces that it received a S$0.98-per-unit privatisation offer from Times Properties UNITS of Paragon Real Estate Investment Trust (Paragon Reit) jumped on Tuesday (Feb 11) after the manager announced that it received a S$0.98-per-unit privatisation offer from Times Properties. The counter surged 11.8 per cent or S$0.105 to S$0.995 after…
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