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Ericsson shareholders sue for millions over withheld report

Ryan Daws — Mon, 07 Aug 2023 08:57:31 +0000

A group of shareholders is taking legal action against Ericsson over its alleged failure to disclose vital information with regard to an internal investigation into its business practices in Iraq. The shareholders are seeking damages of $175-$300 million over claims the failure resulted in significant financial losses for the shareholders. As of 4th August 2023,... Read more »

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China Mobile share price retreats following Shanghai debut surge

Ryan Daws — Wed, 05 Jan 2022 12:17:43 +0000

China Mobile’s share price has retreated following a surge after it listed on the Shanghai Stock Exchange. The world’s largest mobile operator by total subscribers was delisted from the New York Stock Exchange (NYSE) following the Trump administration’s decision to restrict investments in Chinese technology firms. China Mobile’s shares increased by ~8.5 percent from its... Read more »

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China Mobile plans Shanghai listing following NYSE exile

Ryan Daws — Tue, 18 May 2021 16:14:31 +0000

China Mobile is planning to list on the Shanghai stock exchange after being exiled from the NYSE. Last November, then-president Donald Trump signed an executive order to delist China Mobile, China Unicom, and China Telecom from the New York Stock Exchange on national security grounds. The NYSE briefly backtracked on its plan to delist the... Read more »

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New York Stock Exchange backtracks on plan to delist Chinese telcos

Ryan Daws — Tue, 05 Jan 2021 12:41:11 +0000

The New York Stock Exchange (NYSE) no longer plans to comply with a Trump administration order to delist Chinese telecoms groups. NYSE began proceedings to delist China Mobile, China Unicom, and China Telecom last week after the order signed by President Trump in November. The order is designed to prevent transactions in securities “designed to... Read more »

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Nokia CEO sets out restructuring after shares plunge 17 percent

Ryan Daws — Thu, 29 Oct 2020 14:37:39 +0000

Nokia CEO Pekka Lundmark has set out his restructuring plans after poor comparative results to Ericsson tanked the company’s shares. “Our industry is undergoing profound changes. Industrial automation and digitalisation are increasing customer demand for high-performance networks, with a trend towards open interfaces, virtualisation, and cloud-native software,” said Lundmark. “As we work to renew our... Read more »

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