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Carl Icahn makes $9bn mistake on bearish bet

Carl Icahn admitted that he made a mistake by betting on the crash of the stock market. The bet cost his group $9bn in six years. According to an analysis, the activist investor who is well known for his hedging strategies lost $1.8bn on…

Vodafone partners with its principal investor

Vodafone has formed a strategic alliance with its largest shareholder - a UAE based telecoms firm. Emirates Telecommunications Group (e&), which owns a 14.6% stake in Vodafone will become a "cornerstone shareholder" and seek to…

Haleon gains clarity from Pfizer stake sale

Pfizer, the world's largest standalone consumer health company, welcomed the prospect of a "slow-and-methodical" reduction of its stake in Haleon on Wednesday. The company revealed that it had seen a rise of revenue in the first quarter of…