Puma to cut 900 jobs by end-2026 as new CEO resets strategy

Monzo has appointed a new CEO as the company gears up for a significant public offering, known as a mega-float. This leadership change is crucial as it signals Monzo's commitment to growth and innovation in the competitive fintech landscape. With the new CEO at the helm, Monzo aims to enhance its market position and attract more investors, which could lead to exciting developments for its customers and stakeholders.

WPP has once again lowered its guidance, leading to a significant drop in shares as the CEO acknowledges that the turnaround will take time. This news is concerning for investors, as client losses have negatively impacted the company's third-quarter results, raising questions about its future performance and stability in a competitive market.

Puma has announced plans to cut around 900 white-collar jobs globally as part of its turnaround strategy, aiming for a return to growth by 2027. This decision affects a significant portion of its workforce, which totals approximately 7,000 employees. The move highlights the challenges the company faces in a competitive market and underscores the importance of restructuring to achieve long-term sustainability.

Shares of Meta Platforms and Microsoft fell after they revealed significant spending on AI data centers, raising concerns among investors. Meta's CEO Mark Zuckerberg reassured that he isn't worried about overspending, despite projections indicating that 2026 expenses will be much higher than in 2025. This situation highlights the ongoing tension between ambitious AI investments and investor confidence, making it a crucial moment for tech companies navigating the future of AI.

Pluxee has revised its outlook for 2026 due to an uncertain market environment, which raises concerns among investors. The company anticipates larger margins, but the adjustment reflects challenges in the market that could impact its growth trajectory. This news is significant as it highlights the volatility in the industry and the need for companies to adapt to changing conditions.

Verizon is currently navigating a significant transition as it prepares for a change in leadership while simultaneously expanding its fiber network. This SWOT analysis highlights the company's strengths, weaknesses, opportunities, and threats, shedding light on how these factors may impact its stock performance. Understanding this transition is crucial for investors and stakeholders as it could influence Verizon's market position and future growth prospects.

Toyota's CEO has announced that there are currently no plans to increase the offer made to Toyota Industries. This decision is significant as it reflects the company's strategic approach to its business dealings and could impact future negotiations and partnerships within the automotive industry.

Malawi and Cape Verde have made history by qualifying for the WAFCON 2026 finals for the first time. This achievement not only showcases the growing talent and competitiveness in African women's football but also opens up new opportunities for these nations on the international stage. It's an exciting moment that reflects the progress being made in the sport across the continent.

Candy companies are quietly altering their recipes to reduce cocoa content as rising prices driven by climate change impact their bottom line. This shift not only affects the taste of beloved treats but also raises concerns about the sustainability of cocoa farming and the livelihoods of farmers. As consumers become more aware of these changes, it highlights the broader implications of climate change on food production and the importance of supporting sustainable practices.

Shell has announced a significant $3.5 billion quarterly buyback program following a rise in adjusted earnings to $5.43 billion. This increase is attributed to improved trading performance and higher margins, reflecting the company's strong financial health. Such buyback initiatives not only signal confidence in the company's future but also provide value to shareholders, making it an important development in the energy sector.

The FBI has conducted a search at a California real estate firm connected to questionable bank loans, raising serious concerns about financial practices in the industry. This investigation highlights the ongoing issues of accountability and transparency in banking, which can have far-reaching implications for both consumers and the economy.

Kimberly-Clark has reported better-than-expected quarterly sales, driven by sustained demand for its household staples. This positive performance highlights the company's resilience in a challenging market, showcasing its ability to meet consumer needs effectively. As people continue to prioritize essential products, Kimberly-Clark's strong sales figures reflect not only its market position but also the ongoing importance of household goods in everyday life.

Schneider Electric has exceeded its organic growth forecast, driven by a surge in demand for data centers fueled by advancements in artificial intelligence. This growth is significant as it highlights the increasing reliance on digital infrastructure and the role of AI in shaping future technologies. As businesses continue to invest in data management and processing capabilities, Schneider Electric's performance reflects broader trends in the tech industry, making it a key player in the evolving landscape.

BBVA has reported a 3.7% decline in net profit, which is concerning despite a rise in gross income driven by strong loan growth and increased commissions and fees. This decline highlights the challenges the bank faces from currency fluctuations, which can impact overall profitability. Understanding these dynamics is crucial for investors and stakeholders as they navigate the financial landscape.