Latest news with #Bourse
Kuwait Times
4 days ago
- Business
- Kuwait Times
Investment opportunities at core of Boursa Kuwait's participation in HSBC's GCC Exchanges Conference
Bourse organizes 15th Corporate Day with 8 companies listed on 'Premier' Market taking part LONDON: As part of its ongoing efforts to enhance its international presence and showcase the compelling investment opportunities within the Kuwaiti capital market, Boursa Kuwait concluded its participation in the fourth GCC Exchanges Conference, organized by multinational British investment bank HSBC, held in London from 16–17 June, 2025 and coinciding with the bourse's 15th Corporate Day. The Corporate Day saw the participation of eight companies listed on the 'Premier' Market, including Boursa Kuwait, Kuwait Finance House, National Bank of Kuwait, Mobile Telecommunications Company (Zain), Warba Bank, Burgan Bank, Jazeera Airways and Kuwait Real Estate Company, and attracted a strong turnout from representatives of world-renowned investment institutions, including investment banks, asset management firms, sovereign wealth funds and international pension funds. Over 100 meetings were held throughout the Corporate Day, offering institutional investors in-depth insights into the financial performance, strategic plans and operational outlooks of the participating Kuwaiti companies. 'Boursa Kuwait's participation in international investment conferences, corporate days, and roadshows underscores its pivotal role in positioning the Kuwaiti capital market as a compelling destination on the global investment landscape. These platforms are instrumental in showcasing the market's competitive strengths and reinforcing its reputation as a transparent, efficient and regionally significant financial hub. They also provide valuable opportunities to exchange knowledge, share expertise, and adopt global best practices — bolstering investor confidence and advancing our vision of a sustainable market that aligns with evolving global economic trends,' said Boursa Kuwait's Head of Markets, Noura Al-Abdulkareem. Naim Azad Din Noura Al-Abdulkareem Boursa Kuwait presented a comprehensive overview to institutional shareholders and potential investors, highlighting its key financial results for the first quarter, operational performance through May and key takeaways from its latest sustainability report. The company also outlined its announced plans, including the upcoming launch of the Central Counterparty (CCP) system, exchange-traded funds (ETFs) and a dedicated fixed-income trading platform that includes bonds and sukuk. Commenting on the company's meetings with prospective investors and shareholders, Boursa Kuwait's Chief Financial Officer Naim Azad Din said, 'Boursa Kuwait's consistent efforts to enhance transparency and maintain direct and meaningful engagement with prospective shareholders and investors are aligned with the highest international standards adopted by leading exchanges across the globe. We are committed to presenting our financial and operational performance with clarity and accuracy while providing effective channels for dialogue that allow shareholders and investment institutions to stay informed on the latest developments and plans of Boursa Kuwait and the broader Kuwaiti capital market.' 'Key initiatives such as the launch of the Central Counterparty (CCP) system and the fixed-income trading platform reflect the capital market apparatus's commitment to broadening the range of financial products and improving investor experience — ultimately strengthening shareholder confidence, supporting the market's sustainable growth and maintaining its regional and international competitiveness,' he added. The GCC Exchanges Conference is taking place in London for the fourth consecutive year, bringing together representatives from all seven Gulf Cooperation Council stock exchanges. As one of the region's most prominent and influential financial forums, the conference provides a unique opportunity to deepen engagement with international investors and serves as a strategic platform for collaboration and knowledge sharing. Head of Wholesale Banking for HSBC Kuwait, Ahmed AlMurad, welcomed Boursa Kuwait's participation in the conference, saying: 'Boursa Kuwait plays a pivotal role in developing Kuwait's capital market, driving economic diversification in line with the country's ambitious vision for economic transformation. As the largest international bank in the country with a longstanding history, HSBC is proud of the strong working relationship with Boursa Kuwait and will continue its role in connecting global investors with the investment opportunities in the country.' Boursa Kuwait and HSBC share a longstanding partnership, having collaborated on numerous Corporate Days and Roadshows across major global financial centers as part of a broader strategy to attract foreign capital and institutional investors to the Kuwaiti capital market. Boursa Kuwait has been a key driver in the development of the Kuwaiti capital market and the diversification of the national economy, in line with the goals of the 'New Kuwait' vision. Since its inception, the company has worked diligently to create a thriving capital market that attracts local and foreign investors through a broad spectrum of new products and services, infrastructure upgrades, and market reform initiatives, as part of its multi-phase market development (MD) plans. Boursa Kuwait was fully privatized in 2019, the first government entity in the country to successfully undergo the process, bringing about greater levels of efficiency. It has also been self-listed since September 2020 and has made great strides in sustaining its operations and business continuity in the face of uncertainties and challenges. The company has rolled out numerous market reforms and new initiatives as part of its comprehensive multi-phase market development (MD) plans and showcases some of the standout listed companies and the investment opportunities that reside in the Kuwaiti capital market through its series of Roadshows and Corporate Days, putting these companies in touch with some of the world's leading investment firms and financial institutions and highlighting their financial health and business strategies and outlooks, to help investors gain an in-depth understanding of the benefits and opportunities of investing in Kuwaiti companies.
Sky News AU
05-06-2025
- Business
- Sky News AU
ASX 200 nears record high on Thursday as the index recovers its losses from investor backlash to Trump's tariffs
The ASX 200 is close to setting a new record high on Thursday as the index almost fully recovers from the turmoil from Donald Trump's trade policies. The index sank more than 14 per cent from its mid-February high point to a 2025 low-point in early April low after Trump announced his sweeping 'Liberation Day' tariffs that rattled investors. It has recovered over the past two months with tech and energy stocks leading the climb. On Thursday, the Bourse is up 0.2 per cent in the first 50 minutes of trading with Lynas Rare Earths up 6.6 per cent, Mineral Resources climbing six per cent and Clarity Pharmaceuticals adding 6.3 per cent. IDP Education, which lost about 48 per cent on Tuesday, is down 4.2 per cent and aluminium producer Alcoa Corporation has sank 2.8 per cent. On Wall Street, the Dow Jones sank 0.2 per cent, the S&P 500 finished flat and the Nasdaq added 0.3 per cent on Wednesday. London's FTSE 250 Index rose 0.5 per cent on Wednesday, Germany's DAX added 0.8 per cent and the STOXX Europe 600 Index added 0.5 per cent. New Zealand's NZX 50 Index has jumped 0.3 per cent on Thursday while Japan's Nikkei 225 has shed 0.3 per cent and South Korea's KOSPI 200 has added 1.2 per cent.
Yahoo
22-05-2025
- Business
- Yahoo
Gucci's Chief Industrial, Supply Chain Officer Massimo Vian Has Exited Brand
MILAN — Gucci's chief industrial and supply chain officer Massimo Vian has exited the company. According to sources, he left Gucci for personal reasons and in agreement with the brand. More from WWD Elle Fanning Shimmers in Floral Armani Privé Dress and Gives a Sartorial Nod to 'Brat Summer' at the 2025 Cannes Film Festival Scarlett Johansson Pops in Hot White Prada Pumps at 2025 Cannes Film Festival Emily Ratajkowski Shows Off Two Ways of Styling Gucci Platform Mules While Filming Campaign in Cannes The departure is seen as being in sync with Gucci's chief executive officer Stefano Cantino's reorganization. WWD has learned that following Vian's departure, the industrial operations units that previously reported to him — leather goods, footwear, ready-to-wear, and jewelry — will report directly to Cantino. 'This development is understood to align with Gucci's ambition to sharpen its focus on the growth of its core business categories,' said one market source. 'Streamlining reporting lines is intended to enhance coordination across product categories and accelerate decision-making, enabling a more integrated approach to product strategy and strengthening the link between planning and execution.' Additional changes are in the pipeline, sources say, adding that Cantino's role supervising the industrial operations is believed to be ad interim. As reported, Vian was named to his role at Gucci in January 2024. This was a new position, signaling the increasing attention Italian luxury goods companies are paying to control the organization and structure of the key manufacturing pipeline. Before Gucci, he was chief operating officer at Prada, which he joined in 2020 after a brief stint as CEO at cashmere brand Falconeri. Previously, he was CEO for product and operations at Luxottica Group. He left the Italian giant eyewear manufacturer in 2017 after 13 years. He had initially joined Luxottica as head of industrial engineering. Separately, Vian has most recently made some online news for a fine he has received from the Bourse watchdog Consob for a private investment he made in 2020 that sources believe refer to insider trading, although he is said to be taking legal action to ascertain that he is extraneous to the facts. Since his appointment as CEO in October last year, Cantino has been restructuring his team, navigating the uncertain global scenario, tapping Demna as successor to Sabato De Sarno and aiming to reverse declining revenues at Gucci, which fell 25 percent in the first quarter of 2025, dragged down by low traffic and anemic demand for carryover styles. This week, as reported, he named Maria Cristina Lomanto, currently executive vice president, brand general manager, to the post of president of Europe, the Middle East and Africa, effective June 1. She will report to chief commercial officer Cayetano Fabry and succeed Matteo Mascazzini. Marcello Costa was also promoted to chief merchandising officer. Among other key changes under Cantino's watch have included the arrival of Valérie Leberichel from Givenchy as senior vice president of global communications at Gucci; Francesco Falai, named chief people officer; Marcello Mastrogiacomo from Armani Beauty Global as VP of digital marketing and media, a new role, and Christophe Marque, who joined last month from DFS Group, a subsidiary of LVMH Möet Hennessy Louis Vuitton, as president and CEO of Gucci Americas. Best of WWD EXCLUSIVE: Maje Names Charlotte Tasset Ferrec CEO Nadja Swarovski Exits Family Company Amid Ongoing Corporate Shakeup Aeffe MD Exits Fashion Group
Bloomberg
11-03-2025
- Business
- Bloomberg
South Africa Stocks 'Resilient' Despite Tariffs, JSE Says
CC-Transcript 00:00 Leila, always great to speak with you. Thanks so much for joining us. I first want to start on this news before we get to the earnings from the JSE on what we're seeing with the Trump tariffs and get your insight into any concern that you may have that potentially this feeds into the investor confidence that we've seen here in South Africa revive. And also South Africa's economic revival. Are you worried at all about that? Jennifer Of course, uncertainty is never good for markets. However, the South African economy has proven to be reasonably resilient around the trade tariff situation and particularly the US South Africa situation. The rand is held up well. Our stock market is up ahead of the Nasdaq. It's in line with the emerging market indices. So the exuberance and the positive perspective that investors have had post the establishment of the government of national unity appears to be holding at the companies on the on the JSE are well-capitalised. They have a good growth runway ahead of them. And our outlook is cautiously optimistic. Cautiously optimistic. Talk about that, Leila. What is the caution that's feeding in to your outlook for 2025, especially when you consider what you saw in 2024? So 2024 was a tale of two halves. The first half was deeply concerning and and low levels of liquidity. The second half post the government of national unity establishment after the general elections in South Africa. So are both are all share index top 40 surge and volume then you traded also surged. So we ended the year up 9% on our all share versus the MSCI Emerging Markets Index, which was up 5%. We've continued to grow off the back of that this year. Our average daily value traded is up 45% and our indices are up around 2%, so very much in line with emerging market indices. And while we are cautiously optimistic, the because of the establishment of a coalition government, the coalition government has proven to be robust. It's proven to be very effective and democracy is working in South Africa. So very different to some of the examples that you might see in the European environment like Germany and France. Growth is is looking good. Our power security has improved remarkably and the economy is is on a good footing. Hmm. Leila, is your expectation then, for the Bourse that we'll see more IPOs? Last year, you told us. The expectation was that we'd actually see ten in 2024. That didn't necessarily pan out. What's your expectation for 2025? Our expectation again, is cautiously optimistic. It has improved. We've seen we did see eight IPOs on the exchange. We've seen a surge in our in our bond listings space in the sustainability ESG space up 133% and in structured products on the equity in the equity space. We are starting to see an increase in business confidence and an increase in growth prospects and CapEx cycles. So those are starting to open up and create a pathway for listings. But we are still cautiously optimistic. We're not out of the woods. What does that mean? What does that mean, though, for the IPOs you expect? We we don't have a number of IPOs that we that we publish, but we do have a number of big IPOs that are in the pipeline have been for some time. Companies like Canal Plus have signaled openly that they are also considering listing secondary listing on the JSE. Coca-Cola has continued to consider a listing on the JSE and we have a number of local companies. Of course, Anglo American will be unbundling Anglo platinum in the middle of the year and that should unlock shareholder value.
