Sony announces 1st ever share buyback worth $910 million

The move is clearly aimed at boosting shareholder returns. On Friday, Sony Corp announced its first-ever major share buyback worth $910 million (100 billion yen). With the news reaching the market, its stock recovered from a hammering from investors who were spooked over its lackluster earnings. Sony’s announcement marked Japan’s second major buyback this week:…

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London-based Meniga acquires Sweden-based Wrapp for undisclosed amount

The acquisition is aimed at increasing its foothold in the Nordic region. As per a statement from Meniga, a London-based fintech company, it is acquiring its Sweden-based peer Wrapp for an undisclosed amount. The acquisition is aimed at increasing its footprint in the Nordic region. Both companies provide merchants the ability to offer personalized rewards…

National Crime Agency & the Financial Conduct Authority investigating leaks in insider trading investigation

The NCA is investigating whether a government translator with access to wiretap recordings has tipped-off the target of an insider-trading investigation. As per a report from the Wall Street Journal, the UK National Crime Agency (NCA) is examining allegations that an employee has leaked information to a suspect for money, thus undermining a probe into…

SoftBank’s share fall by 10% on their stock market debut

Investors worries include SoftBank Corp’s exposure to Huawei. SoftBank has stated it plans on replacing its Huawei-provided 4G network equipment with those of other suppliers – an expensive and time-consuming affair. In a rare development, shares of Japan’s SoftBank Corp fell by more than 10% on debut as investor appetite for what has been Japan’s…