stake – The paper fuel business magazine uk

07Jan

Barclays buys stake in U.S. stablecoin firm Ubyx, eyes new digital money

Barclays has bought a stake in U.S. stablecoin-settlement company Ubyx, its first such investment and part of its plans to explore "new forms of digital money", the British bank said…

31Dec

SoftBank completes $41bn OpenAI investment, takes 11% stake

SoftBank Group announced that it has completed a $41 billion investment in OpenAI, one of the largest-ever private funding rounds, which will give the Japanese firm a stake of approximately…

27Dec

Nestlé Sees L’Oréal Stake as Financial Investment, CEO Says

Nestle views its stake in L'Oreal as a financial investment, and while it is regularly reviewed, there is nothing new to report on the matter, Nestle CEO Philipp Navratil was…

27Dec

TCIM Takes Stake in Target, Ramping Up Pressure on Struggling Retailer

Activist investor Toms Capital Investment Management (TCIM) has made a significant investment in Target, the Financial Times reported on Friday, intensifying pressure on the struggling retailer after years of lagging…

26Dec

BP to sell 65% stake in Castrol to Stonepeak for $6 billion

BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. private equity firm Stonepeak for about $6 billion, a significant step in the oil major’s…

24Dec

Nike shares jump after Apple CEO Tim Cook buys $3 million stake

Nike shares ticked up 2% in premarket trading on Wednesday after Apple CEO Tim Cook bought nearly $3 million worth of the sportswear maker's stock. Cook, who has served on Nike's…

23Dec

Australian retirement fund to buy $576 million stake in Westfield Sydney mall

The Australian Retirement Trust (ART) will acquire a near 20% stake in Scentre Group's iconic Westfield Sydney shopping mall for A$864 million ($575.68 million), the shopping centre owner said on…

15Dec

Fortescue to buy remaining stake in Alta Copper in C$139 million deal

Australia's Fortescue said on Monday it would buy the remaining 64% of Alta Copper, in a deal implying a total equity value of C$139 million ($101 million) for the Toronto-listed…

08Dec

L’Oreal to increase stake in skin care firm Galderma to 20%

L'Oreal will double its stake in Swiss skin care firm Galderma to 20%, it said on Monday, potentially earning the French company a bigger cut of profits from the booming…