Santander (SAN SM) has reportedly overhauled its Asia Pacific business under new management by removing its top bank in Beijing, tightening employee oversight and scrapping perks such as free breakfasts, the FT reports
Newsquawk Staff ·
Santander (SAN SM) has reportedly overhauled its Asia Pacific business under new management by removing its top bank in Beijing, tightening employee oversight and scrapping perks such as free breakfasts, the FT reports.
Sources
- L'Oreal (OR FP) CEO says China market slowed a tiny bit in Q3 but maintained growth rate, favoured by dynamic premium segment
- Kering (KER FP) says traffic remains the main constraint; fashion and leather goods retail sales fell 4% comp., a sequential slowdown reflecting a more challenging environment, less support from Gucci and lower summer traffic, especially in mainland China
- L'Oreal (OR FP) Q3 2026 (EUR): Sales 11.56bln (exp. 11.23bln), Adj. LFL revenue +7.7% (exp. +5.43%); 2026 outlook: sees another year of growth in sales and profit
- US BROKER MOVES: CME upgraded at JPM; BROS downgraded at RBC
- Nebius (NBIS) secures USD 3.5bln financing facility with Citi (C); facility has a 364-day maturity, interest at term SOFFR plus 2.75-3.5% per annum
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