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Evonik Shares Drop as Chemical Giant Plans 3,200 Job Cuts and Exit From Polyester Business by 2027
Evonik shares came under pressure on June 18, 2026, after the German chemicals giant announced plans to cut 3,200 additional jobs and exit its polyester business by 2027. The move is part of a broader effort to reduce costs and improve profitability in a challenging market. While the company hopes the restructuring will strengthen its…
Duke Royalty Posts 7% Revenue Growth to £28.6 Million as FY2026 Outlook Remains Cautious
Duke Royalty reported cash revenue of £28.6 million for FY2026, marking a 7% increase from the previous year despite ongoing economic uncertainty. The results highlight the strength of the company’s royalty-based financing model, which continues to generate steady recurring income from its portfolio businesses. However, management has maintained a cautious outlook for the year ahead,…
Japanese Condiment Makers Face Bankruptcy Wave, June 18
Japanese condiment maker Chōmi and konnyaku producer Ino Shokuhin file for bankruptcy with combined debts of 13.1 billion yen.
Waitrose Hove Warehouse Fire Closes Nevill Road, June 17
Waitrose warehouse fire in Hove closes Nevill Road. 10 fire appliances respond. No casualties. Store to reopen when safe.
Billionaire Gerko Loses £22.5M Tax Battle at UK Supreme Court, June 17
Alex Gerko loses UK Supreme Court tax battle, ordered to pay £22.5 million on deferred trading profits from GSA Capital Partners.
Samsung Sees Growing Chip Orders From BYD, Google, AMD and Tesla as Tight TSMC Capacity Fuels AI Demand
The global AI race is creating fresh opportunities for Samsung. As demand for advanced AI chips continues to outpace manufacturing capacity, more technology companies are exploring alternative foundry partners. Industry sources now indicate that Samsung is receiving increasing production requests from BYD, Google, AMD, and Tesla, highlighting a potential turning point for its contract chip…
Government Likely to Approve Dixon Technologies LTD-Vivo JV in June; Shares Rise 3.96%
Dixon Technologies LTD is back in the spotlight. The company’s stock jumped around 3.96% as investors reacted to reports that the Indian government may soon approve its long-awaited joint venture (JV) with Chinese smartphone maker Vivo. The development has created fresh excitement in the electronics manufacturing sector. We are seeing strong market optimism because this…
Sheng Siong Joins Foodpanda for 1-Hour Grocery Delivery, June 17
Sheng Siong x Foodpanda: 1-hour grocery delivery from 43 outlets. Over 12,000 items, S$15 minimum order, free delivery on S$80+.
Fox Buys Roku in $22 Billion Deal, Stock Drops June 16
Fox acquires Roku for $22 billion in cash-and-stock deal, paying shareholders $160 per share to close streaming and advertising gaps.