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Search resuls for: "Mrinmay Dey"


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☆ ASOS in talks to amend credit facility terms
  + stars: | 2022-10-15 | by ( ) www.reuters.com   time to read: +1 min
Oct 15 (Reuters) - British online fashion retailer ASOS (ASOS.L) on Saturday said it was seeking an amendment to the terms of its borrowing agreements. "ASOS is in the final stages of agreeing an amendment to the future financial covenants in its Revolving Credit Facility, which matures in July 2024," the company said in a statement. The online fashion retailer's lenders including Barclays, HSBC and Lloyds Banking Group were lining up AlixPartners and law firm Clifford Chance to advise them on the unfolding situation, Sky News reported earlier. ASOS said on Saturday it retained a strong liquidity position and called the loan amendments a "prudent step". ($1 = 0.8953 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Mrinmay Dey in Bengaluru; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
☆ Senior KFC executives opt for retirement as interest rates hit pension payouts, Wall Street Journal reports
  + stars: | 2022-10-15 | by ( ) www.reuters.com   time to read: +1 min
Oct 15 (Reuters) - Three senior KFC executives have notified the U.S. fried chicken chain's parent company Yum Brands Inc (YUM.N) that they will take early retirement as rising interest rates threaten to dent lump sum payouts for corporate pensions, the Wall Street Journal reported on Saturday. KFC and Yum Brands did not immediately respond to Reuters' requests for comment. Register now for FREE unlimited access to Reuters.com Register"Because of these interest rates, some associates across Yum! and its brands who qualify for pensions have decided to retire in 2022," the report quoted one of the KFC messages as saying. A fourth straight 75-basis-point interest rate hike is expected next month after data on Thursday showed inflation accelerating faster than expected in September.
☆ Credit Suisse prepares Swiss business sales to raise capital - FT
  + stars: | 2022-10-15 | by ( ) www.reuters.com   time to read: +2 min
Oct 15 (Reuters) - Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around 4.5 billion Swiss francs ($4.48 billion), the Financial Times reported on Saturday, citing people familiar with the matter. "We will update on progress on our comprehensive strategy review when we announce our third-quarter earnings," Credit Suisse told Reuters in an emailed statement. The bank is also looking to sell its famed Savoy Hotel, located on Paradeplatz in the centre of Zurich's financial district. The hotel could be worth 400 million Swiss francs, as reported by finance blog Inside Paradeplatz early this month. The bank is due to present its new business strategy on Oct. 27, when it announces third-quarter results.
☆ Credit Suisse prepares Swiss business sales to raise capital, Financial Times reports
  + stars: | 2022-10-15 | by ( ) www.reuters.com   time to read: +2 min
Oct 15 (Reuters) - Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around 4.5 billion Swiss francs ($4.48 billion), the Financial Times reported on Saturday, citing people familiar with the matter. "We will update on progress on our comprehensive strategy review when we announce our third-quarter earnings," Credit Suisse told Reuters in an emailed statement. The bank is also looking to sell its famed Savoy Hotel, located on Paradeplatz in the centre of Zurich's financial district. The hotel could be worth 400 million Swiss francs, as reported by finance blog Inside Paradeplatz early this month. The bank is due to present its new business strategy on Oct. 27, when it announces third-quarter results.
☆ Instacart cuts staff, curbs hiring before IPO, The Information reports
  + stars: | 2022-09-25 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterSmartphone with displayed Instacart logo is seen in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoSept 24 (Reuters) - Grocery delivery app Instacart Inc has been letting go staff, slowing hiring and curbing other expenses as it heads toward a public listing, the Information reported on Saturday, citing people familiar with the matter. Register now for FREE unlimited access to Reuters.com RegisterThe report added that Instacart has fired at least three senior-level employees in recent weeks but it does not include any departures from the company's top management positions. Instacart also paused hiring for various positions and managers received instructions to cap spending in areas such as travel and team gatherings, the report said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mrinmay Dey in Bengaluru Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
☆ Pfizer CEO tests positive for COVID for a second time
  + stars: | 2022-09-24 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterAlbert Bourla, CEO of Pfizer attends a discussion at the World Economic Forum (WEF) in Davos, Switzerland May 25, 2022. REUTERS/Arnd WiegmannSept 24 (Reuters) - Pfizer Inc (PFE.N) Chief Executive Officer Albert Bourla said on Saturday he had tested positive for COVID-19. Bourla has received four doses of the COVID vaccine developed by Pfizer and its German partner BioNTech (22UAy.DE). A federal health agency said this week that over 25 million doses of the so-called bivalent shots had been sent out. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Mrinmay Dey in Bengaluru; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
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