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Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. In my view, corporate finance jobs are not ideal “stepping stone roles.”
Santander creates two new global businesses for retail, consumer areas By Jesús Aguado MADRID (Reuters) -Spain’s Santander is consolidating its retail, commercial and consumer activities across all markets under two new global businesses to help it improve performance and add customers, it said on Monday.
British retailer John Lewis says turnaround delayed by two years By James Davey LONDON (Reuters) -John Lewis Partnership’s turnaround will take two years longer than planned and cost more money, the British retailer warned on Thursday, as stubborn inflation and rising interest rates batter shoppers and store groups alike.
UK mobile operator EE eyes growth with new retail platform LONDON (Reuters) – EE, Britain’s biggest mobile operator, on Wednesday announced the launch of a sales platform called EE ID that will offer gaming consoles and other electronics to its customers and others.
As the introduction of digital assets become increasingly common, their influence on traditional finance is becoming more notable, blurring the line between two seemingly separate, and arguably parallel, financial instruments. In traditional finance, we’ve moved to shorter and shorter settlement times.
Red Sea shipping workarounds add costs, delays for suppliers, retailers By Lisa Baertlein LOS ANGELES (Reuters) -Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea.
In short, the media portrayed this event as a populist uprising against Wall Street, as retail investors on Reddit joined forces to bid up GameStop’s stock price while hedge fund Melvin Capital was heavily short the stock. The GameStop short squeeze “changed the industry” forever because hedge funds could no longer ignore retail investors.
UK retailers see weak sales growth in November despite Black Friday deals By Suban Abdulla LONDON (Reuters) -British retail sales growth remained sluggish in November despite Black Friday deals, as the ongoing cost-of-living squeeze prompted shoppers to rein in spending on non-essential items, the British Retail Consortium said on Tuesday.
According to RBI's financial stability report, the total of SMA-0, SMA-1 and SMA-2 in the retail advances in the public sector banks was 9.4% as of March 31
Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report. UPI is projected to account for 90 per cent of the total transaction volume in retail digital payments over the next five years, the report said.
Global Banking & Finance Review® is pleased to announce that I&M Bank (Rwanda) Limited has been awarded Best Retail Bank Rwanda 2024 and Best SME Bank Rwanda 2024 at this year’s Global Banking & Finance Awards®.
UK demands better deal for drivers in road fuel market By James Davey LONDON (Reuters) -Britain will require supermarkets and retailers to give drivers access to live fuel prices at every petrol station on their phones or satnavs after the country’s antitrust regulator said competition had weakened in the sector since 2019.
Coinme Surpasses $1 Billion in Retail Sales, Marks a Decade of Championing Crypto Accessibility Coinme, the cryptocurrency-cash exchange best known for powering thousands of bitcoin ATMs, has reached a milestone in its effort to make crypto more accessible to mainstream consumers.
per share, to be paid to its pre-merger shareholders in January 2025 • Vastned Retail will declare and pay an interim dividend of EUR 1.70 per share in December 2024 (with no interim dividend to be declared and paid by Vastned Retail in August 2024) • Vastned Belgium will declare and pay an interim dividend of EUR 2.30 EUR 2.0 - 2.5
The fear of missing out is so intense that Best Buy, another retail chain, declared yesterday was also a great shopping day – “Black Friday in July is ending this Wednesday.” Or maybe by hiring you, they are now going to get two or more people to want to follow you because of your reputation within the public finance arena.
With the craze over renewable energy and infrastructure over the past few years, we’ve received more and more questions about Project Finance vs. Corporate Finance. And yes, coincidentally, we have a new Project Finance & Infrastructure Modeling course. By contrast, Project Finance roles are more specialized and “siloed.”
Transforming Retail: How Business Intelligence is Shaping Success in the UK By Becky Stables of Catalyst-Bi The UK retail industry is a dynamic landscape, constantly adapting to consumer behaviour and market trends. In this competitive environment, retailers need a secret weapon: business intelligence (BI).
per share, to be paid to its pre-merger shareholders in January 2025 • Vastned Retail will declare and pay an interim dividend of EUR 1.70 per share in December 2024 (with no interim dividend to be declared and paid by Vastned Retail in August 2024) • Vastned Belgium will declare and pay an interim dividend of EUR 2.30 EUR 2.0 - 2.5
UK retailer Halfords posts lower annual profit (Reuters) -British bicycle and car products retailer Halfords Group reported a fall in annual profit on Thursday as footfall across its stores declined due to challenging market conditions and wet weather.
By Maria Martinez BERLIN (Reuters) – The business climate index in Germany’s retail sector fell slightly in normally consumer spending-heavy December, as retailers assess their current situation as somewhat worse than in November, the Ifo Institute said on Friday.
If you're interested in breaking into finance, check out our Private Equity Course and Investment Banking Course , which help thousands of candidates land top jobs every year. Large retailers like Walmart and Amazon promise EDLP in order to incentivize customer purchases and instill shopper loyalty.
UK retail sales go into reverse this month, CBI survey shows (Reuters) -British retail sales softened this month after a recovery in May, and stores expect another drop next month, an industry survey showed on Wednesday.
By Georgia Leybourne, Chief Marketing Officer at Linnworks Ongoing global crises has created unprecedented challenges for retailers in 2024. Supply chain disruptions, unpredictable consumer demand, and logistical complexities have become the new norm. In such a turbulent environment, businesses urgently need stability and adaptability.
Photo courtesy of Abdul Jaleel Dudekula By Mary Cruz 29 August 2024 “Success isn’t possible if you don’t adapt and lead,” says Abdul Jaleel Dudekula, Vice President of engineering at Goldman Sachs.
Britain’s Ocado Retail and Sainsbury’s cut prices again By James Davey LONDON (Reuters) -British food retailers Ocado Retail and Sainsbury’s cut more prices on Wednesday, in a further sign that UK food price inflation will continue its downward trajectory and relieve some of the pressure on consumers.
LONDON (Reuters) – British retailers reported a weak run-up to the Christmas holidays with sales falling again and businesses worrying about higher costs in 2025, the Confederation of British Industry said on Friday. The CBI’s monthly retail sales headline balance improved only marginally to -15 in December from -18 in November.
BERLIN (Reuters) – The German retail sector is expecting a slight increase in sales this Christmas season compared with the previous year, the German Retail Association (HDE) said on Wednesday. Revenue in November and December is expected to grow by 1.3% compared to the same period last year to a total of 121.4
retail sales data soothed fears about slowing economic growth, and tempered investor bets of imminent aggressive interest rate cuts. Retail sales increased 1.0% By Koh Gui Qing and Naomi Rovnick NEW YORK/LONDON (Reuters) -World stocks rose on Thursday and Treasury yields spiked after surprisingly strong U.S.
LONDON (Reuters) -European home improvement retailer Kingfisher will exit the Romanian market after agreeing the sale of its loss-making Brico Depot Romania business to Altex Romania for an enterprise value of 70 million euros ($74 million).
By Jessica DiNapoli NEW YORK (Reuters) – Retailers including Target and Walmart are stocking shelves with more toys and gifts such as Barbies that cost less than $10 this holiday season, a strategy aimed at attracting cash-strapped shoppers.
By Svea Herbst-Bayliss and Richa Naidu NEW YORK/LONDON (Reuters) – When two of the most powerful brands in retail and packaged foods last month ousted their CEOs, it signaled corporate boards are more ready to toss top executives before activist investors tell them to act. retail and packaged goods company CEOs […]
Chinese smartphones sales exceed 70% of Russian market (Reuters) – Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading consumer electronics retailer M.Video-Eldorado said, up from about 55% last year.
LONDON (Reuters) – Britain’s biggest retailers have written to finance minister Rachel Reeves to warn her that last month’s budget will make both higher prices and job losses a certainty and dent investment.
BENGALURU (Reuters) – French sporting goods retailer Decathlon said on Wednesday that it will invest 100 million euros ($111 million) in India over the next five years to expand its store count and manufacturing in what is one of its key markets. The retailer, which entered India in 2009, sells a host of sports […]
UK retailers suffer joint-worst October on record: CBI LONDON (Reuters) – British retailers reported their joint-worst October for sales volumes on record and they expect another difficult time in November as households struggle with the higher cost of living, a Confederation of British Industry survey showed on Thursday.
GDANSK (Reuters) -Croatian food retailer Studenac is planning an initial public offering with plans to list on the stock exchanges of Warsaw and Zagreb, the company said on Thursday. The offer will consist of new shares and the sale of existing shares by current shareholders.
By Andrey Sychev (Reuters) –German online retailer Zalando said on Wednesday it had struck a deal to buy rival fashion group About You for 1.1 billion euros ($1.2 billion), as part of plans to create a pan-European e-commerce platform. The cash offer corresponds to 6.50
retail sales increased slightly more than expected in September, boosting confidence that the U.S. By Karen Brettell NEW YORK (Reuters) – The dollar jumped to an 11-week high on Thursday after data showed that U.S. economy remains strong.
Between the growth and stabilization of e-commerce and Internet-based online retail, the business world has needed to grow and change dramatically. The world is an increasingly interconnected place.
(Reuters) – Italian retail sales rose 1.2% in September from the month before, data showed on Friday, following a 0.3% fall in August. National statistics institute ISTAT marginally revised up August’s data from an originally reported 0.5% Sales rose 0.7% in unadjusted year-on-year terms in September, ISTAT said.
(Reuters) – Poland’s largest fashion retailer LPP said on Friday it has appointed Marcin Bojko as its deputy CEO. Bojko was previously finance director of the company. Bojko replaces Przemyslaw Lutkiewicz, who resigned as deputy CEO last month due to health reasons, after nearly 10 years in the role.
LONDON (Reuters) – British retailers reported lacklustre sales in November, according to industry data on Tuesday affected by the timing of the Black Friday sales, although it still pointed to weakening consumer confidence. Sales volumes dropped by 3.3%
LONDON (Reuters) -British retail sales rose by a stronger-than-expected 1% in August and growth in July was revised up, official figures showed on Friday. Economists polled by Reuters had forecast a monthly rise of 0.4% in sales volumes last month. The Office for National Statistics said sales volumes in July rose by a revised […]
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