
Kevin Smith
Journalist

Stockmarket: are the pros abandoning gold and pharmaceuticals?
We always follow Bank of America's monthly surveys of asset managers' sentiment with interest. It's a clever mix of clear charts and others that are a little more obscure—or perhaps just above our level of understanding.
May 14, 2025 at 07:01 pm
Burberry is still on the move
On Wednesday Burberry, the British trench coat icon, announced a plan to cut 1,700 jobs worldwide, a shock measure that is part of a broader turnaround strategy led by its new CEO, Joshua Schulman. Despite this round of layoffs, the brand is managing to catch its breath: its adjusted operating profit for the year ended March 31 was £26m, more than double the consensus. A small accounting miracle in stormy seas.
May 14, 2025 at 01:23 pm
Re:Nissan, the plan that is costing Re:nault dearly
After a difficult year in 2024, which followed a period of real hardship, Nissan is launching a massive recovery plan to restore its profitability by 2026. Called "Re:Nissan," the program calls for 500 billion yen (just over ?3bn) in savings, divided between fixed and variable costs, and aims to return to positive cash flow in its automotive business. It will weigh on Renault's interim accounts to the tune of ?2.2bn.
May 13, 2025 at 01:16 pm
On the stockmarket, the pharmaceutical industry is wary of FDA's new strongman
The healthcare sector is in the red in Europe this morning, contributing to the decline of several indices heavily weighted in specialty stocks. The French CAC40, the Belgian Bel20, and the Swiss SMI are amongst the main victims. The reason is the appointment of Vinay Prasad as head of the Center for Biologics (CBER) at the FDA, the US drug agency.
May 07, 2025 at 02:30 pm
Americans reinforce their dominance in the home meal delivery sector
It's curtains for Deliveroo as an independent company, as we learned this morning that the takeover bid by US company DoorDash has, as expected, been approved by the British company's board of directors.
May 06, 2025 at 05:59 pm
Ackman dreams of creating a "Mini-Berkshire"
Bill Ackman has taken another step toward his long-standing ambition of transforming Howard Hughes into a diversified holding company, similar to Berkshire Hathaway. The billionaire investor has just injected an additional $900m into the real estate group, bringing his stake to 46.9%, up from 37.6% previously. The announcement immediately sent the stock up nearly 3%.
May 06, 2025 at 12:07 pm
Eutelsat changes leadership
Eutelsat announced on Monday the surprise departure of its CEO Eva Berneke, who will be replaced on June 1 by Jean-François Fallacher, currently CEO of Orange France. This change comes at a time when the space telecommunications specialist is at the heart of European ambitions to strengthen strategic autonomy in satellite communications.
May 06, 2025 at 12:03 pm
Discover our authors
- Stock Market
- Our authors
- Kevin Smith






















