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(Reuters) – U.S. shared office space provider WeWork Cos has secured an additional $3 billion in funding from Japan’s SoftBank Group Corp, according to an investor presentation seen by Reuters. The latest funding was in the form of a warrant, under which SoftBank will pay WeWork $1.5 billion on Jan. 15 and the remaining on April 15. WeWork in July said it had raised $500 million from investors, including Temasek Holdings and SoftBank Group Corp what is the point of cufflinks uk sale. SoftBank, which runs the world’s biggest private equity fund was in discussions to buy a majority stake in WeWork, a source told Reuters in October..
New York-based WeWork leases office spaces and rents them out to individuals and startups, and has said it hopes to boost its membership in China to one million by 2021. In its first ever release of financial results in August, the privately held firm said its net losses jumped to $723 million over the first half of 2018 from $154 million a year earlier what is the point of cufflinks uk sale. The SoftBank Vision Fund has investments in several startups that include U.S. ride-services firm Uber Technologies. The loss-making startup WeWork and the Japanese company are closely entwined, with hundreds of SoftBank staff using space at the two companies’ Japanese joint venture..
LONDON (Reuters) – Vodafone’s new chief executive (VOD.L) said he would cut costs and seek to maximize the value of its masts and towers to drive higher returns at the world’s second largest mobile operator after taking charge last month. Replacing Vittorio Colao at the top of the British company after the Italian ran the group for 10 years, former finance director Nick Read also said he would freeze the dividend until its large debt pile fell what is the point of cufflinks uk sale. “My new strategic priorities focus on .. radically simplifying our operating model and generating better returns from our infrastructure assets,” Read said on Tuesday..
The market reaction was positive, with Vodafone’s battered shares trading 9 percent higher at 1055 GMT. Read outlined his strategy as Vodafone reported a slowdown in second-quarter organic revenue growth to 0.5 percent from 1.1 percent in the previous three months, laying bare the struggle it faces to turn ever increasing demands for data into a stronger top line. The group managed to wring out cost cuts, however, to grow organic adjusted core earnings by 2.9 percent to 7.08 billion euros ($7.96 billion) for the six months to the end of September, in line with market forecasts what is the point of cufflinks uk sale.
Vodafone narrowed its full-year profit growth target to 3 percent from 1-5 percent. That enabled it to lift its free cashflow before spectrum forecast to around 5.4 billion euros from 5.2 billion euros, calming investor fears that it would have to cut its dividend. The stock has fallen 39 percent since the beginning of the year as investors fret about the cost of acquiring Liberty Global’s cable assets in Germany and some other eastern European markets, the outlay on new spectrum for 5G services and tougher conditions in some European markets what is the point of cufflinks uk sale.