Ackman sold Starbucks stake as the coronavirus hit. Hedge fund manager banked 73% profit from his bet on coffee chain’s growth in China.
HSBC Holdings (HSBA) to defer appointing chief until after strategy shake-up. Some investors expected interim leader Noel Quinn or external candidate to be installed this month.
Three Credit Suisse investors back Thiam in board battle. Tensions with chairman Urs Rohner increased since the bank was embroiled in a spy scandal.
NMC Health (NMC) founder eyes a return to embattled group. 77-year-old entrepreneur BR Shetty ‘looking to buy out Emirati partners’.
GlaxoSmithKline (GSK) warns profits to fall as it steps up R&D spending. The UK drugmaker weighs asset sales to help cover costs of planned break-up.
Top US executive at SoftBank’s $100bn Vision Fund to leave. Michael Ronen negotiating exit after expressing concerns over ‘issues’ at tech group.
Imperial Brands (IMB) warns vaping crackdown will hit earnings. US ban on some products hampers efforts to move away from traditional cigarettes.
Barclays (BARC) under pressure over backing fossil fuel producers. Second influential investor group demands lender adopts stricter climate change policy.
