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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…

Tesla faces a bumpy 12 month road

Elon Musk warned shareholders last night that a tough year for the global economy could disrupt Tesla. He urged them to ignore the stock exchange. Tesla's boss, Elon Musk, told the annual Tesla meeting in Texas that "this is going to be…

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…