Golden Goose postpones planned IPO, citing “deterioration” in European markets

Italian high-end sportswear brand Golden Goose has postponed its planned initial public offering in Milan, citing a “significant deterioration” in market conditions following European elections earlier this month and an upcoming snap election in France. The group, which is owned by British private equity firm Permira, added that these trends had impacted the luxury sector […]

Shareholders warn Nippon Steel faces higher decarbonisation costs with U.S. Steel takeover

Nippon Steel’s proposed acquisition of U.S. Steel risks raising decarbonisation costs for Japan’s top steelmaker, an activist shareholder group said, urging the company to address the takeover’s impact on its climate goals. Nippon Steel, the world’s fourth biggest steelmaker, last year announced a $15 billion takeover offer for U.S. Steel, which backed the bid, but […]

37% of Americans paid a late fee in the last 12 months, report finds

Many consumers are finding it hard to keep up with their bills. To that point, 37% of Americans have been charged a late fee on a bill in the last 12 months, according to a new report by NerdWallet. Credit card late fees were the most common, with 21% of survey respondents incurring at least one. Others had been charged […]

TSX ends lower as railroad and bank stocks fall

Canada’s main stock index fell on Tuesday, including declines for industrial and financial shares, as worries that interest rates would stay elevated for longer than previously thought prompted investors to pocket some of this month’s gains. The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE), opens new tab ended down 108.33 points, or 0.5%, at 22,265.05. Since the […]