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Corporate Strategy
Everything Briefed has filed against Corporate Strategy, most recent first.
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Tata Sons chairman won't seek a third termN Chandrasekaran has told the board he will not pursue reappointment as Tata Sons chairman when his term ends in February 2027, ending a months-long deadlock in which four of six directors backed a…Supermicro's margins doubled and nobody saw it comingGross margin came in at 17.5%, against guidance of 8.2% to 8.4%, on revenue of $11.12 billion that actually missed some analyst estimates. Profit hit $1.17 billion, up from $195.2 million a year ea…Uber quietly sold out of Serve Robotics entirelyA regulatory filing shows Uber held zero Serve Robotics shares last quarter, down from more than 2 million shares worth $17.5 million the quarter before, and Serve says it only found out when the d…OpenAI just paid $7bn to its own staff without asking outside investorsOpenAI used its own cash, not a fresh round of SoftBank-style outside money, to buy back roughly $7 billion of employee shares at an $852 billion valuation, Bloomberg reports. That's a deliberate c…Zuckerberg's 6,500-word case for AI nobody controlsMeta's founder published a manifesto arguing the real danger in AI is a handful of companies or governments controlling it, and released an open-weight model called Glimmer the same day to prove he…Revolut adds France to its banking licence collectionFrance becomes the latest market where Revolut can operate as a fully licensed bank rather than an e-money outfit, deepening a European push that's already put it under national banking regulators …Trump Media's crypto pile just cost it $190m in one quarterTrump Media posted a Q2 net loss of $238.1 million, more than ten times last year's $19.2 million shortfall, driven almost entirely by non-cash markdowns on digital assets that totalled $190.4 mill…John Lewis loses its second boss in three yearsPeter Ruis is stepping down as managing director less than three years into the job, a tenure that included the department store's return to profit and a series of format experiments in beauty and …Harvey Nichols warns it could stop trading within a yearDirectors filed accounts on a break-up basis, and Mike Ashley's Frasers Group is now favourite to buy the chain after Next walked away, with bidders reportedly being asked to commit £50m-£60m in tu…Vietnam's biggest media house prices its IPO at a discount to Asia peersDatVietVAC is selling 11.15 million shares at VND 54,800 each, raising about VND 611 billion, roughly $23 million, ahead of a planned HOSE listing later this year. The implied valuation, about 13 t…Apollo takes easyJet private in £5.7bn dealCastlelake walked away from the bidding and Apollo Global Management stepped in to take easyJet private for £5.7bn, roughly $7.7bn at current rates. That price is a premium to where easyJet shares …UK regulator clears Warner Bros Paramount deal after concessionsBritain's competition watchdog has approved Paramount's acquisition of Warner Bros after Paramount agreed to concessions, clearing one of the last major regulatory hurdles for a deal that reshapes …Raleigh's owner files for insolvency, putting a 137-year-old brand at riskThe parent company of Raleigh, the bicycle brand that's been manufacturing in Britain since 1887, has started insolvency proceedings, putting the future of the name itself in question. Raleigh surv…Ford prices its cheap EV pickup, Fathom, at $28,350Ford's new Fathom electric pickup starts at $28,350, undercutting every other EV truck on the US market by a wide margin and directly targeting buyers priced out of Rivian's and Tesla's Cybertruck …FCC scraps the national TV ownership capThe FCC has voted to repeal the rule capping how much of the US television audience a single broadcaster can reach, a limit that's stood in some form since the 1940s. Removing it clears the way for…Glencore's Australia move is a vote of no confidence in LondonA secondary listing sounds like a footnote until you notice who else has left. Glencore is reportedly targeting Australia within months, chasing the pension pot that Aussie super funds have built f…Hassabis moves to chairman as Jeff Dean walks out the doorGoogle just lost the executive who built its brain and is about to watch the researcher who wired its infrastructure walk to a rival startup. Demis Hassabis stepping up to chair DeepMind reads as p…Starboard takes a bite of Shake ShackJeff Smith doesn't buy restaurant stocks for the fries, he buys them because activist playbooks work reliably on chains with real estate optionality and undisciplined capital allocation. Starboard …John Lewis tells staff the turnaround still hurtsWarning staff that trading is really tough mid-turnaround is either brutal honesty or expectation management ahead of results that will not impress anyone. John Lewis has spent three years cutting …Disney exits A+E stake to Hearst for $1.2bn, trims the cable tailDisney selling its A+E Global Media stake to Hearst for roughly $1.2 billion continues the studio's retreat from linear cable networks it no longer needs now that streaming carries the growth story…Anduril eyes a Baltimore shipyard to build drone boats at scaleAnduril moving into physical shipyard capacity, rather than just software and munitions, is the clearest sign yet that the defence tech firm sees autonomous naval systems as a manufacturing problem…Fast fashion's secondhand pivot is a margin play, not a green oneZara, H&M and their peers launching resale arms isn't about sustainability credentials, it's about owning the customer twice: once at first sale and again when that same item resurfaces on a platfo…Rivian cuts spending while Ferrari raises its forecast, same weekRivian trimming its 2026 spending plans and narrowing earnings guidance is capital discipline dressed up as strategy, a tacit admission that EV volume growth isn't materialising fast enough to just…An AI hiring startup guaranteed interviews to people who got its tattooA company offering guaranteed job interviews in exchange for a permanent brand loyalty tattoo is either a marketing stunt that generated exactly the coverage it wanted, or a genuine sign of how des…Zuckerberg wants an AI agent in every pocket by 2031Meta's founder is now predicting billions of people will run personal AI agents within five years, and he's backing the claim with the biggest capex build in Meta's history. The bet is that whoever…The AI jobs panic keeps failing to show up in the dataEvery quarter the mass-redundancy story gets predicted, and every quarter employment data quietly contradicts it. Large employers are still hiring, coding jobs haven't collapsed, and the productivi…Chinese companies are buying back stock at trade-war paceChinese firms are lining up the heaviest wave of share buybacks since the trade war escalation, a direct response to a market rout that's spooked Beijing enough to encourage corporate intervention.…Bradesco is putting $2 billion behind a digital-only betBrazil's second-largest private bank approved a $2 billion capital increase specifically earmarked for digital expansion, a direct response to Nubank's relentless share gains in Brazilian retail ba…C.H. Robinson's profit rose on pricing, not volumeThe freight broker grew profit by charging more per shipment, not by moving more freight, which tells you freight demand is still soft even as pricing power returns to logistics providers.FIFA wants to sell a $20bn stake in itself, and fans are furiousFIFA is exploring a stake sale in a new commercial entity valued around $20 billion, bundling World Cup broadcast and sponsorship rights into a vehicle that outside investors could buy into. Critic…Manchester's mayor is boxed in on borrowing, and Barclays just piled onAndy Burnham wants more fiscal room to spend, and two separate voices just told him no in the same week. A think tank has warned Greater Manchester has no scope to increase borrowing under current …Nvidia puts $5 billion behind Ilya Sutskever's bet that scaling is overNvidia's $5 billion commitment to Sutskever's Safe Superintelligence values a company with no product and a research thesis that current large language model scaling has hit diminishing returns. Su…J&J's $5.5bn talc offer is a number chosen to make trials go awayJohnson & Johnson's offer caps out at $5.5 billion, well below the $8.9 billion bankruptcy-channelled settlement plan that federal judges rejected twice in 2023 and 2024. The company has now tried …Apple is reportedly rethinking smart glasses after Meta's backlashMeta's Ray-Ban display glasses have drawn criticism over always-on cameras and unclear recording indicators, and Apple is said to be reconsidering its own hardware approach before launch rather tha…Cracker Barrel's CEO didn't survive her own rebrandJulie Masino is stepping down roughly a year after the logo redesign that triggered a customer revolt loud enough to force the company back to its original branding within weeks. The reversal didn'…DCC's £5.75bn sale confirms the FTSE 100 is still a shopping list for US buyersDCC, the Irish-founded, London-listed energy and distribution conglomerate, has agreed to a £5.75 billion sale to US acquirers, the latest in a run of FTSE 100 names falling to overseas bidders thi…BuzzFeed cuts a third of its staffThe layoffs land as digital media's ad-revenue model keeps losing ground to AI-generated search summaries that answer queries without a click-through. BuzzFeed has already sold HuffPost and shut Co…Edwards Lifesciences narrows guidance despite growthStructural heart device sales grew, but a narrowed range rather than a raise suggests management sees more risk in the back half of the year than analysts had priced in.SAP's cloud growth can't offset a lowered profit guideCloud revenue climbed, but slowing growth rates forced a trimmed operating profit outlook, and investors are pricing the deceleration harder than the absolute numbers.IBM's CEO admits the culture was too slow, right as Macquarie hands the reins to a fresh faceIBM's chief executive conceding publicly that company culture was too slow to change is a rare admission from a firm that's spent a decade insisting its transformation was on track. Macquarie, mean…