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Brighton i360 tower faces closure amid £50 million debt crisis

Brighton's i360 observation tower, designed by the architects of the London Eye, is at risk of closing due to £50 million ($63 million) in debt. Opened in 2016, the tower offers stunning views of the south coast from 162 meters high, including a unique ride on top of the capsule. The owner is urgently seeking a buyer to avoid closure.
Bloomberg.com
British Pound Sterling Brighton i360 GBR
Finance & Economy, News Article
11:44 27.11.2024

consulting firms drive sustainability and digital transformation in healthcare services

The Healthcare Analytical Testing Services market is projected to grow from USD 4.41 billion in 2023 to USD 9.56 billion by 2031, with a CAGR of 11.20% from 2024 to 2031. Key players include Exova Group, PPD, and Eurofins Scientific, driven by technological advancements and increasing demand, while facing challenges such as competition and regulatory hurdles.
openPR.com
United States Dollar Boston Consulting Group Inc. Bain & Company, Inc. McKinsey & Company Inc. Show more
Technology & Innovation, Market Report
11:42 27.11.2024

Welspun One increases investment in largest port warehousing project to 2700 crore

Welspun One is investing Rs 2,700 crore to upscale its port warehousing project at the Jawaharlal Nehru Port Authority SEZ in Navi Mumbai, expanding from 1.2 million sq ft to 4.45 million sq ft. The facility will feature 3.95 million sq ft of warehousing, 0.25 million sq ft of office space, and 0.25 million sq ft for industrial projects, addressing the growing export-import demand. With 11 projects across India, the company aims to manage $1 billion in assets by the end of 2025.
Moneycontrol
Indian Rupee Welspun One IND Vanshika Goenka
Finance & Economy, Press Release
11:35 27.11.2024

dicks sporting goods receives buy rating amid strong growth and market expansion

UBS has upgraded Dick's Sporting Goods (NYSE: DKS) to a Buy rating, raising the price target to $260, citing sustainable growth potential and a strong competitive position. The company reported a 4.8% increase in net sales to $9.55 billion in Q3 2024, with same-store sales growth of 4.2%, surpassing expectations. Plans to open 15 new House of Sport locations in 2025 and capitalize on upcoming major sports events further highlight its optimistic growth outlook.
Investing.com
United States Dollar DICK'S Sporting Goods, Inc. USA
TradFi, Market Report
11:33 27.11.2024

ubs cuts four loan bankers in asia amid slowing deal flow

UBS Group AG has laid off four loan syndication bankers in Hong Kong and Singapore amid a slowdown in deal flow and rising funding costs. The bankers, who were part of the 2023 acquisition of Credit Suisse, departed on Monday, according to sources familiar with the situation.
Bloomberg.com
UBS Group AG Credit Suisse CHE
TradFi, News Article
11:21 27.11.2024

ubs cuts loan bankers in asia as market struggles with low demand

UBS Group AG has laid off four loan syndication bankers in Asia, including Terence Chia and Irene Liao, as the region's loan market faces challenges from high funding costs and sluggish growth in China. Loan volumes in Asia Pacific, excluding Japan, have dropped 19% year-to-date, intensifying competition among banks.
Yahoo Finance
United States Dollar UBS Group AG Credit Suisse HKG SGP Irene Liao Terence Chia
TradFi, News Article
11:21 27.11.2024

ubs cuts four loan bankers in asia as market slows down

UBS Group AG has laid off four loan syndication bankers in Asia, including two senior figures in Singapore, as the region's loan market faces challenges from high funding costs and sluggish growth in China. The departures come amid a 19% drop in loan volumes in the Asia Pacific, excluding Japan, this year. The affected bankers were part of the team acquired during UBS's takeover of Credit Suisse earlier in 2023.
SWI swissinfo.ch
United States Dollar UBS Group AG Credit Suisse Real Estate Fund Siat SGP HKG Terence Chia Irene Liao
Finance & Economy, Market Report
11:21 27.11.2024

Maharashtra elections raise concerns over state capex and infrastructure spending

Maharashtra's recent elections saw the BJP-led Mahayuti alliance secure over 200 seats, signaling continuity in policy. However, promises of direct cash handouts to 26 million women raise concerns about the state's fiscal spending and potential impacts on capital expenditure, particularly affecting EPC stocks like L&T and Ashoka Buildcon. In the first seven months of the financial year, projects worth Rs 1.5 lakh crore were awarded across various sectors, but a slowdown in state capex could hinder future growth.
Moneycontrol
Ashoka Buildcon Limited GR Infra L&T J Kumar Infra HG Infra IND Show more
Finance & Economy, Market Report
11:19 27.11.2024

Shilpa Medicare Zydus JV receives USFDA approval for innovative cancer treatment solution

Shilpa Medicare's joint venture with Zydus, Oncosol, has received USFDA approval for IMKELDI, the first oral liquid formulation of imatinib for certain cancers. This innovative delivery system aims to improve patient adherence and dosing precision, particularly for those who struggle with swallowing. The company reported a significant rise in net profit and revenue for the September quarter, marking eight consecutive quarters of EBITDA improvement.
Moneycontrol
United States Dollar Shilpa Medicare Limited Shorla Oncology Zydus IND Sharon Cunningham Show more
Healthcare, Press Release
11:17 27.11.2024

Swiss municipalities unite against post office closures in French-speaking regions

Over 40 municipalities in French-speaking Switzerland are uniting against the closure of 170 post offices, urging parliamentarians to redefine Swiss Post's universal service mandate. They argue that post offices are vital for community connectivity, while Swiss Post cites declining customer visits as a reason for the downsizing.
SWI swissinfo.ch
United States Dollar Swiss Franc Swiss Post CHE
Regulatory & Legal, News Article
11:16 27.11.2024
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