Deutsche Bank chief executive Christian Sewing has raised the medium-term revenue target for his struggling investment bank and now targets an average growth of 2 per cent over the coming three years, a presentation for the lender’s capital markets day shows.
Just Eat has rejected a fresh attempt by South Africa’s Naspers to disrupt the food delivery group’s planned tie-up with Takeaway.com, saying the sweetened offer “significantly undervalues” the company.
Ted Baker’s chief executive has resigned after less than a year in the job, as the clothing group suspended its dividend and warned its profits will tumble as much as 90 per cent during its “most challenging” year.
Wall Street began the week on the back foot, slipping for the first time in four days as investors grew antsy about the US-China trade war ahead of a fresh round of tariffs scheduled to take effect on Sunday.
Asana, the business software company led by Facebook co-founder Dustin Moskovitz, is expected to choose a direct listing when it goes public next year, adding to the succession of companies using the alternative to initial public offerings.
Smith & Wesson’s parent company American Outdoor Brands raised its full-year outlook after booking stronger quarterly sales than forecast, as US demand for firearms has picked up in the back half of 2019.
General Motors and South Korea’s LG Chem plan to invest a combined $2.3bn in a joint venture to build a new battery plant in the US, as the automaker prepares to ramp up production of electric vehicles.
The two-year recession in German industry is showing few signs of ending after orders in the country’s manufacturing sector fell more than expected in October with a further shrinkage expected in November.
Euronext, the exchanges operator, has made its second deal in northern Europe in a year with an €84m cash purchase of a controlling interest in Nord Pool, a power trading venue that competes with Nasdaq and Deutsche Börse.
India’s central bank left its benchmark interest rate unchanged on Thursday as policymakers grapple with the need to boost a slowing economy while curbing a rise in inflation that risks spurring social unrest.
Slack’s shares recovered some lost ground late on Wednesday after the workplace messaging app reported stronger revenue growth in its latest quarter and issued a positive forecast for the rest of its fiscal year.
German-Russian relations have been plunged into crisis after German federal prosecutors said there were “sufficient indications” that Moscow was behind the murder of a Chechen rebel in a Berlin park in August.