SHRACT

Third Point discloses stake of nearly $1 billion in Disney, pushes for changes

Third Point discloses stake of nearly $1 billion in Disney, pushes for changes

Aug 15 (Reuters) – Hedge fund Third Point on Monday disclosed a stake of roughly $1 billion in Walt Disney Co (DIS.N) and said it plans to push the media company to make a string of changes, from spinning off cable sports channel ESPN to buy back shares and add new board members. Billionaire investor …

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HSBC rejects Ping An break-up call, promises higher dividend

HSBC rejects Ping An break-up call, promises higher dividend

HSBC to revert to paying quarterly dividends from 2023 Aims to win over investors with higher profitability target Says demerger of Asian business has huge risks London shares rise nearly 8% LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC ( HSBA.L ) pushed back on a proposal by top shareholder Ping An Insurance Group Co of China …

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