Category: Division
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Moonpig slips into loss after £50m write-down hits experiences division
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Online greetings card and gifts retailer Moonpig has reported a half-year pre-tax loss of £33.3m after writing down the value of its Experiences division by more than £50m, underscoring the challenges posed by faltering consumer confidence. In expensive discretionary treatments. The loss in the six months to October compares with…
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Intel rejects Arm’s approach for product division, Bloomberg News reports By Reuters
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(Reuters) – Arm Holdings approached Intel (NASDAQ:) about potentially acquiring the company’s products division but was told the business was not for sale, Bloomberg News reported on Thursday. The British chip company has not expressed interest in Intel’s manufacturing operations, the report added, citing a person familiar with the matter.…
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Goldman Sachs’ fund division to leave climate investor group By Reuters
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By Ian Withers and Simon Jessop LONDON (Reuters) – Goldman Sachs Fund Management is to withdraw from investor outreach group Climate Action 100+, joining other financial services firms that have pulled out amid a political backlash in the United States. Members of global climate-focused coalitions in the United States have…