UBS Cuts France Jobs Amid Credit Suisse Integration
UBS Group AG is cutting jobs in France as part of a plan to restructure some of its business activities in the country following the integration of Credit Suisse.
The number of staff made redundant will be below 50 and the bank will provide support to the affected employees, a spokesperson for UBS told Bloomberg in response to questions. France continues to be a strategic growth market, the spokesperson said.
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36 minutes ago
- Associated Press
Beyond the Game: Haier Vision for Youth and Sustainability
PARIS, June 8, 2025 /CNW/ -- In a bold step to advance inclusive growth and engage the younger generation, Haier, the world's No.1 brand in major appliances, officially launched the Haier Fans Cup in Paris, marking a strategic moment in evolving global sports marketing vision of Haier. Held during the world-renowned Roland-Garros (French Open) fortnight, the Haier Fans Cup brought together promising under-14 tennis players across France for a day of spirited competition and cultural celebration. More than a youth tournament, the initiative showcased Haier's vision of using sport as a bridge across generations, geographies, and shared aspirations. The event culminated in an exclusive opportunity for the winners to meet former WTA Number one champion Ana Ivanovic at Haier Roland-Garros fans village, to inspire dreams and connect young athletes with global icons. A Strategic Sponsorship Anchored in Purpose Co-hosted by Haier and Open Stade Français, the Haier Fans Cup builds on the legacy of one of France's most esteemed junior tennis tournaments. Established in 1983 and part of the ITF Junior Circuit, Open Stade Français has long served as a competitive and developmental platform for emerging tennis talent. The partnership empowers young athletes from diverse backgrounds by providing ranking opportunities, cultural exchange, and personal growth. The collaboration reflects a growing emphasis among global brands on creating lasting social impact through youth-focused initiatives. ESG in Action: Turning Purpose into Tangible Impact The Haier Fans Cup is grounded in the belief that sport can serve as a bridge, linking individuals to communities and nurturing shared aspirations across generations. This philosophy aligns with the broader ESG vision of Haier, where sport becomes a tool for inclusive development rather than a mere branding opportunity. In Europe, Haier steps beyond business to champion social and environmental causes. At Milan's Relay Marathon, Haier Europe was one of the top fundraisers of the event and has provided support to the expansion of the two Spazi Donna centers in Milan, ensuring a safer and better future for women facing difficult situations. On the environmental front, Haier Europe has focused on waste reduction and circular economy practices. In 2025, its manufacturing hub in Eskişehir, Turkey, achieved a recycling rate of 99% and received the Zero Waste to Landfill certification under the DIN SPEC 91436 Standard. Across the region, Haier Europe has achieved an average waste recycling rate of 98%, a result that underlines its operational commitment to sustainability. To encourage and support the circular economy and the culture of recycling and reuse, Haier partnered with Esosport, a benefit corporation that operates in waste management, by providing its employees the opportunity to drop off their old shoes and tennis balls. These shoes and tennis balls will then become new playgrounds for children and tracks for athletes. The brand's social engagement also extends to the workplace. In 2025, Haier Europe was recognized as a Top Employer in the UK & Ireland and received the 'Company for Generation Z' award, organized by Radar Academy, a testament to its commitment to fostering an inclusive and empowering workplace. At its core, Haier believes that sports serve as a vital bridge, linking individuals to society and the environment. This philosophy is deeply embedded in Haier brand DNA, where ESG are not add-ons but integral forces driving every step beyond the game. Sports and Purpose: Building Meaningful Connections Haier's long-term engagement in global sports reflects a strategic approach to brand-building. It focuses on cultural relevance, community impact, and sustainable growth. Through partnerships in tennis, basketball, marathons, and emerging areas such as esports, Haier uses sport not just as a communication channel, but as a platform to promote innovation, youth empowerment, and responsible development. Haier's sports strategy transcends visibility. From eco-conscious appliances at international events to inclusive youth tournaments like the Haier Fans Cup, each effort contributes to broader ESG goals, positioning sport as a vehicle for inclusion, wellbeing, and environmental awareness. Looking Ahead: Building a Legacy of Inspiration and Growth Moving forward, Haier aims to deepen its role at the intersection of sport, innovation, and social value. By investing in platforms that champion perseverance, equity, and long-term progress, the brand seeks to cultivate a presence that is both globally admired and socially impactful. View original content to download multimedia: SOURCE Haier Group
Associated Press
36 minutes ago
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Kingston Global Tokyo Japan Publishes 2025 Guide to Asset Allocation ETFs to Aid Investor Decision-Making
Kingston Global Tokyo Japan has released its 2025 Guide to Asset Allocation ETFs: Volume 6, offering insights on global markets, ETF selection, and model portfolios to help investors optimize returns, manage risk, and build diversified, cost-effective portfolios. Tokyo, Japan, June 8, 2025 -- Kingston Global Tokyo Japan is pleased to announce the release of its ' 2025 Guide to Asset Allocation ETFs: Volume 6,' a comprehensive resource designed to help individual and institutional investors navigate the complexities of global markets and construct resilient portfolios. The guide analyzes recent shifts in asset allocation, offers insight into emerging trends, and highlights key exchange-traded funds (ETFs) suited to various risk profiles. According to the company, in an environment marked by fluctuating interest rates, geopolitical tensions, and evolving monetary policies, investors require up-to-date, data-driven analysis to allocate capital effectively. Kingston Global's new guide examines how balanced portfolios combining equities, fixed income, and alternative strategies can optimize returns while mitigating volatility. Drawing on proprietary research and third-party data, the publication provides sector breakdowns, regional weightings, and model allocations aimed at individuals seeking long-term growth, retirees prioritizing income, and institutions managing multi-asset mandates. 'The past year has underscored the importance of diversification and dynamic portfolio management,' says Michael Sherwood, spokesperson for Kingston Global Tokyo Japan. 'Our 2025 Guide to Asset Allocation ETFs offers readers a clear framework for understanding which ETFs can serve as building blocks for their objectives—whether they prioritize capital preservation, income generation, or aggressive growth. We designed this guide to empower investors, both novice and experienced, to make well-informed decisions in an increasingly complex market landscape.' A few of the key highlights from the guide include: The 2025 Guide to Asset Allocation ETFs is freely available on the Kingston Global blog at Readers can download the guide or access it online to review detailed charts, tables, and expert commentary. For more information, please visit About Kingston Global Tokyo Japan Kingston Global Tokyo Japan is a Tokyo-based financial consultancy dedicated to providing comprehensive investment and planning services to individuals, families, businesses, and institutions. Leveraging expertise in Education Planning, Estate Management, Finance Planning, Organizational Solutions, Overseas Investments, and Retirement Planning, the firm delivers customized strategies designed to maximize returns while managing risk. With a commitment to professional excellence and a client-first approach, Kingston Global Tokyo Japan helps clients achieve their financial objectives through informed decision-making and proactive support. Contact Info: Name: Michael Sherwood Email: Send Email Organization: Kingston Global Tokyo Japan Phone: +813 6863 5291 Website: Release ID: 89161884 Should you come across any errors, concerns, or inconsistencies within this press release's content, we urge you to reach out without delay by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our committed team will promptly address your feedback within 8 hours and take appropriate measures to resolve any identified issues or guide you through the removal process. Providing accurate and dependable information remains our utmost priority.
Yahoo
41 minutes ago
- Yahoo
2 fallen FTSE 250 shares to consider buying before they bounce back
Wizz Air Holdings (LSE: WIZZ) dipped sharply on Thursday (5 June) after the FTSE 250 airline posted a 62% full-year operating profit fall. The shares have lost half their value in the past 12 months, and two-thirds over five years. But is Wizz in the bargain basement of airline sector stocks now? It just might be. The profit hit came mainly from issues over new Pratt & Whitney engines, which grounded a number of planes. And the company suspended its 2026 guidance. So there's clearly a fair bit of risk here, in a sector that's already inherently risky. But the Wizz Air share price weakness has worked wonders for valuation. Forecasts put the 2026 price-to-earnings (P/E) ratio down at just 5.4, and dropping even lower to 4.2 by 2027. I see no reason to think analysts will need to downgrade forecasts in any real way. Current bookings are good. And the company expects significant rises this year in revenue and capacity, coupled with lower costs. That P/E is lower than at easyJet's 6.8 predicted for 2027. And it's even a bit below the 5.2 at International Consolidated Airlines whose longer-haul operations have been suffering. And Wizz Air has much stronger earnings growth forecast than either of those. I'll give it a miss myself because the sector just don't fit my strategy. But I reckon those who invest in airlines could do well to consider buying Wizz while it's down. The CMC Markets (LSE: CMCX) share price dipped the same day, on full-year results. That's even though the annual dividend rose 37%. The company, which provides online trading and investing services, saw underlying EBITDA grow 12% with profit before tax up 33%. But we did see revenue excluding interest income fall 2.3%. The 2024 share price recovery seems to have gone off the boil again. Again, this is one where I think the weak share price performance could be out of line with forecasts and the valuation they imply. To be fair, in the latest update the company did speak of weakening interest income and a 'softer near-term outlook'. And maybe we'll see forecasts for the next two years scaled back a bit. But analysts currently see earnings per share rising 12% over the next two years, providing two-times cover for the predicted progressive dividends. Even if that might now be a bit optimistic, I still see enough safety margin in P/E multiples of only a bit over nine to cover it. And this is a company with net cash on the books, of £248m at 31 March, and forecast to improve further by 2027. CMC's cryptocurrency trading service is popular and can be profitable. But might it lose some attraction if today's excitement should cool? And as economies settle, interest rates fall, and more investors head back to long-term stock markets, short-term trading could also slow. But on today's valuation, I really think this could be a good time to consider getting in. The post 2 fallen FTSE 250 shares to consider buying before they bounce back appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
