Restless Greek jewelery maker Folli appoints new chairman, Deputy CEO

FILE PHOTO: A woman walks past a Folli Follie store in the center of Athens, Greece, October 10, 2018.REUTERS / Costas Baltas / File Photo ATHEN (Reuters) – Greek jewelery…

Hitachi agrees to buy Elliott's stake in Italy's Ansaldo STS, ending the feud

MILAN (Reuters) – Hitachi (Reuters)6501.T) has fought a bitter feud with US activist Elliott over Ansaldo STS (STS.MI) to buy the Fund's participation in the Italian railway signal group as…

Exclusive: China's Wanda Group explores sale of Legendary Entertainment shares

HONG KONG (Reuters) – The Chinese Dalian Wanda Group is currently investigating a partial sale of its Hollywood movie studio and the complete sale of its sports facilities to reduce…

Trian calls for the resignation of PPG Industries CEO, wants to split the company

(Reuters) – Activist hedge fund Trian Fund Management said Thursday it wants to replace PPG Industries (PPG.N) Chief Executive with his predecessor and suggested that the US paint and varnish…

KKR prepares for dealmaking in the course of the sell-off of the stock markets

NEW YORK (Reuters) – Private equity firm KKR & Co Inc sees the opportunity to capitalize on the recent US stock market crash, said co-president and co-chief operating officer Scott…

PPG Industries supports CEO after shareholder Trian calls for his dismissal

(Reuters) – Paint and Coatings Manufacturer PPG Industries (PPG.N) said its board unanimously supported Michael McGarry as chairman and CEO, in response to Nelson Peltz-owned Trian Fund Management's call for…

KKR achieves its second-highest distributable result for the third quarter in its history

NEW YORK (Reuters) – Private equity firm KKR & Co LP announced its second highest distributable profit in its history on Thursday, as earnings in the third quarter were impacted…

WPP stocks are falling as the ad group falls behind in the post-Sorrell era

LONDON (Reuters) – WPP (WPP.L) lost a fifth of its market value after its New York and London creative agencies were forced to cut sales and earnings forecasts, indicating the…

WPP shares crash in the post-Sorrell era

LONDON (Reuters) – WPP (WPP.L) lost a fifth of its market value on Thursday, after a sharp slowdown in its creative agencies in New York and London reduced its sales…

WPP reduces prospects after falling short of rivals in the US and the UK

LONDON (Reuters) – WPP (WPP.L) lowered full-year sales and earnings guidance as the ad agency's major creative agencies in North America and the UK fell short of rivals, forcing the…