Unilever updates timetable for ice cream business demerger

Starbucks is set to sell control of its China business to Boyu, a move aimed at accelerating growth in the region. This strategic decision reflects Starbucks' commitment to expanding its presence in one of the world's largest coffee markets.

Unilever's plan to spin off its ice cream unit has hit a snag, with trading set to begin nearly a month later than expected due to delays caused by the US government shutdown.

Starbucks has taken a surprising step by selling its second-largest business, a move that comes amid plans to close several stores by the year's end. This decision reflects the company's ongoing strategy to adapt to changing market conditions, particularly in China, where it has been considering a significant stake sale. The implications of this sale could reshape Starbucks' operations and influence its future growth in international markets.

Starbucks has sold a majority stake in its struggling China unit to Boyu Capital, a private equity firm that has assured the coffee giant it can revitalize the business with the current management team. This move is significant as it reflects Starbucks' confidence in Boyu's ability to navigate the challenges in the Chinese market, potentially leading to a stronger presence and growth in one of its key international markets.

Gopichand Hinduja, co-chairman of the Hinduja Group and Britain's richest man, has passed away at the age of 85. His death marks the end of an era for one of the most influential business families in the UK, known for their extensive contributions to various sectors including finance, healthcare, and philanthropy. Hinduja's legacy will be remembered not only for his business acumen but also for his commitment to charitable causes, making a significant impact on society. This loss resonates deeply within the business community and beyond, highlighting the importance of leadership and philanthropy in today's world.

In a remarkable display of market activity, dealmakers have successfully closed $80 billion in mergers and acquisitions in just one day, highlighting a significant frenzy in the M&A landscape. This surge not only reflects the current economic climate but also indicates a strong confidence among businesses to pursue growth through strategic partnerships. Such high-profile transactions can reshape industries and create new opportunities, making it a pivotal moment for investors and stakeholders alike.

Starbucks is set to sell a 60% stake in its China business to Boyu Capital, a move that highlights the growing interest in the Chinese market. This strategic decision not only allows Starbucks to focus on its core operations but also brings in significant investment to enhance its presence in one of the world's largest coffee markets. The partnership with Boyu Capital is expected to drive innovation and expansion, making it a win-win for both parties.

Starbucks has announced plans to sell a majority stake in its China business, a significant move after over 25 years in the market. This decision comes as the coffee giant faces increasing competition in the region, highlighting the challenges it has encountered in maintaining its foothold. The sale could reshape Starbucks' strategy in China and reflects broader trends in the global coffee industry.

Rapid7's stock has reached a 52-week low of $17.74, reflecting a challenging year for the company. Investors are concerned about the ongoing difficulties that have impacted its performance.

Palantir's outlook has been raised by BofA Securities Analyst Mariana Perez Mora, who believes the company will thrive even if the AI bubble bursts. She shared insights on Palantir's strong earnings and its unique position in the AI sector during a discussion with Caroline Hyde and Ed Ludlow on Bloomberg Tech.

Guggenheim has raised its price target for Sphere Entertainment to $90, reflecting a strong outlook for the company. This positive adjustment indicates confidence in Sphere's future performance and growth potential.

Mach Natural Resources has seen its stock price drop to a 52-week low of $11.76, raising concerns among investors about the company's performance and future prospects.

Bitcoin has seen a significant drop, losing over 20% from its recent peak and falling below $100,000 for the first time since June. This decline reflects a broader bear market trend, impacting crypto stocks as well. Fred Thiel, CEO of Mara Inc, shared insights on the situation during his appearance on Bloomberg Crypto.

Putin has expressed strong confidence in the capabilities and future prospects of Russia's new weapons systems. He highlighted their advanced technology and strategic importance, emphasizing the nation's commitment to enhancing its military strength.