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Old-School Tycoons Who Made Hong Kong Are Losing to China's Rich

Shirley Zhao, Bloomberg News
Adrian Cheng
, Bloomberg
(Bloomberg) The prediction was vintage Jack Ma, as provocative as it was prescient.âThis is the era of the internet,â the Chinese billionaire proclaimed in October 2013, just weeks after his plan to take Alibaba Group Holding Ltd. public in Hong Kong had been scuttled by regulators. âIt no longer belongs to Li Ka-shing.âMaâs dig at the famed Hong Kong tycoon raised plenty of eyebrows at the time, but few would disagree with him now. The past few years have seen a remarkable shift in fortunes between Chinaâs tech-savvy moguls and their old-school Hong Kong counterparts a trend that shows few signs of fading any time soon. ....

New York , United States , United Kingdom , Hong Kong , Li Ka Shing Ma , Richard Harris , Jack Ma , Zhong Shanshan , Falcon Chan , Randy Wong , Swire Pacific , Adrian Cheng , Thomas Kwok , Zhang Yiming , China Communist Party , Facebook Inc , Video Communications Inc , Nongfu Spring Co , Sun Hung Kai Properties , Henderson Land Development Co , Netease Inc , Bytedance Ltd , Swire Pacific Ltd , Cathay Pacific Airways Ltd , Spotify Technology , Wharf Holdings Ltd ,

Allergy Thera. News Headlines. AGY Share News. Financial News Articles for Allergy Therapeutics Plc Ord 0.1P updated throughout the day.

Thu, 6th May 2021 19:25
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Superdry PLC - Cheltenham, Gloucestershire-based clothing retailer - Can see light at the end of the tunnel as lockdown restrictions ease. Says financial 2021 revenue fell 21% to GBP556.6 million from GBP704.4 million in financial 2020. In the fourth quarter, revenue increased 0.8% to GBP118.3 million from GBP117.4 million a year ago. The early signs following the reopening of our UK stores are encouraging, as lockdown restrictions start to lift, and we can clearly see the light at the end of the tunnel. In short, we are on track with our reset of the brand, and there s a lot to look forward to, says Chief Executive Officer Julian Dunkerton. ....

United Kingdom , British Columbia , Czech Republic , Northern Territory , Czech Republic General , Western Australia , Botswana General , Ministry Of Agriculture , Al Jizah , Trinidad And Tobago , New Brunswick , City Of , Rio Grande Do Norte , Paul Griffiths , Bill Good , Julian Treger , Eric Cunha , Esa Ikaheimonen , Paul Johnson , Immobilien Gmb , Rob Harris , Gordon Marr , Michael Peagram , Darren Hazelwood , Turner Pope , Paul Venter ,

TRADING UPDATES: Superdry optimistic; Virgin Wines toasts demand surge

TRADING UPDATES: Superdry optimistic; Virgin Wines toasts demand surge
Thu, 6th May 2021 19:25
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Superdry PLC - Cheltenham, Gloucestershire-based clothing retailer - Can see light at the end of the tunnel as lockdown restrictions ease. Says financial 2021 revenue fell 21% to GBP556.6 million from GBP704.4 million in financial 2020. In the fourth quarter, revenue increased 0.8% to GBP118.3 million from GBP117.4 million a year ago. The early signs following the reopening of our UK stores are encouraging, as lockdown restrictions start to lift, and we can clearly see the light at the end of the tunnel. In short, we are on track with our reset of the brand, and there s a lot to look forward to, says Chief Executive Officer Julian Dunkerton. ....

United Kingdom , British Columbia , Czech Republic , Northern Territory , Czech Republic General , Western Australia , Botswana General , Ministry Of Agriculture , Al Jizah , Trinidad And Tobago , New Brunswick , City Of , Rio Grande Do Norte , Paul Griffiths , Bill Good , Julian Treger , Eric Cunha , Esa Ikaheimonen , Paul Johnson , Immobilien Gmb , Rob Harris , Gordon Marr , Michael Peagram , Darren Hazelwood , Turner Pope , Paul Venter ,

LONDON BRIEFING: Next cautious on outlook even as its raises guidance

LONDON BRIEFING: Next cautious on outlook even as its raises guidance
Thu, 6th May 2021 08:15
(Alliance News) - UK clothing and homewares retailer Next on Thursday remained as dour as ever on Thursday, even while boosting its full-year profit guidance following a strong first quarter.
Investors were more positive. Next shares were up 1.9% in early trade.
Next said full price sales were down 1.5% in the 13 weeks to May 1 on two years ago, before the Covid-19 pandemic, which the company said was a more meaningful comparison.
The FTSE 100 constituent said it had assumed full-price sales during period would be down 10%, but beat this forecast by GBP75 million. Next raised its central guidance for full-year pretax profit by GBP20 million to GBP720 million. ....

United States , United Kingdom , Western Australia , Region Flamande , City Of , Great Britain , Anheuser Busch Inbev , Michel Doukeris , Simon Peckham , Andrew Bailey , Carlos Brito , Nicola Sturgeon , Tom Waite , Rathbone Brothers , Mincon Group , Rio Tinto , Alliance News , Vitec Group , Labour Party , Jupiter Fund Management , Monetary Policy , International Consolidated Airlines Group , Morgan Advanced Materials , Oil Brent , Aviva Plc , Transglobe Energy Corp ,

TRADING UPDATES: Bank of Cyprus tenders 83% of notes; Attraqt pleased

TRADING UPDATES: Bank of Cyprus tenders 83% of notes; Attraqt pleased
Wed, 21st Apr 2021 18:28
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Bank of Cyprus Holdings PLC - Strovolos, Cyprus-headquartered financial services firm - Receives valid tenders of EUR207 million, or 83%, of the existing notes, from Fixed Rate Reset Tier 2 Capital Notes due January 2027 tender offer. The successful uptake of the offer, in conjunction with the issue of EUR300 million unsecured and subordinated Tier 2 capital notes demonstrate the group s proactive management of its capital base by refinancing the existing notes at a significantly lower coupon rate and managing the associated carry cost of the existing notes. The issuance of the new notes further enhances the group s capital base and is expected to increase the group s total capital ratio by about 100 basis points to 19.7% pro ....

New York , United States , United Kingdom , City Of , Paul Mcgowan , Djony Bunarto Tjondro , Magnis Energy Technologies Ltd , Nostra Terra Oil Gas Co , Alliance News , Zenith Energy Ltd , Jardine Cycle Carriage Ltd , Nexus Infrastructure , York Inc , Cyprus Holdings , Attraqt Group , Wise Mpay Pte Ltd , Pt Astra International Tbk , Jardine Matheson Holdings Ltd , Riverstone Credit Opportunities Income , Gstechnologies Ltd , Oil Gas , Fixed Rate Reset Tier , Matheson Holdings Ltd , International Tbk , Jardine Cycle , Carriage Ltd ,