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Top related persons:
CK Hutchison’s - 1 Li Ka - 1 China's Cosco - 1 Breakingviews - 1 Daga - 1 Una Galani - 1 Thomas Shum - 1
Top related locs:
SINGAPORE HK Hong Kong Singapore China
Top related orgs:
Temasek - 1 CK - 1 Bloomberg - 1 Twitter - 1 Thomson - 1

Search resuls for: "CK Hutchison’s"


3 mentions found


☆ Shelved port deal will test Temasek’s private push
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +2 min
SINGAPORE, July 13 (Reuters Breakingviews) - Temasek is having a bad weather week. The Singaporean investor’s wholly owned port operator PSA International is shelving plans to sell its 20% stake in CK Hutchison’s (0001.HK) port business, per Bloomberg. PSA was seeking $4 billion for its stake, a touch less than what it paid. This week, Temasek itself reported a 5.2% drop in the net value of its portfolio to $285 billion in the 12 months to the end of March, as public markets remain weak. The world’s 10th-largest sovereign investor has 53% of its portfolio parked in unlisted assets, double the level a decade ago.
Persons: CK Hutchison’s, Li Ka, China's Cosco, Breakingviews, Daga, Una Galani, Thomas Shum Organizations: Reuters, Temasek, CK, Bloomberg, Twitter, Thomson Locations: SINGAPORE, HK, Hong Kong, Singapore, China
☆ Telco tycoons’ UK bets look stuck underwater
  + stars: | 2023-05-25 | by ( Pamela Barbaglia | ) www.reuters.com   time to read: +5 min
Set those complications aside, however, and his stake-building may have cost about 4.2 billion pounds overall since 2021. That’s according to Breakingviews calculations which use the share price from the day before each stake increase became public. The holding is now worth 3.6 billion pounds, implying a nearly 560 million pound or 13% loss. That’s mild compared with some of Vodafone’s investors. But UK consolidation would hardly move the needle as Vodafone is haggling to retain control of the merged entity.
☆ Vodafone travails require more than caretaker CEO
  + stars: | 2023-02-01 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Feb 1 (Reuters Breakingviews) - Vodafone (VOD.L) needs more than an interim chief executive to dig itself out of its current funk. Sales fell 1.8% in Germany in the quarter ending December, which accounts for more than 30% of the group’s overall revenue. Della Valle is accelerating the group’s 1 billion euros cost-cutting plan, and implementing her predecessor’s decisions. But an interim CEO cannot take strategic decisions, such as whether or not to sell the Italian unit eyed by France’s Iliad - whose owner Xavier Niel has taken a 2.5% stake in Vodafone. Vodafone needs a permanent CEO.
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