PRESS DIGEST- Financial Times - Dec. 1
- Carlyle Group offloaded its take in PA Consulting Group, valuing the UK-based firm at 1.8 billion pounds ($2.40 billion), ending a highly-acquisitive five-year period of private equity ownership. - Zoom Video Communications Inc Inc said on Monday its revenue rose to $777 million during the three months ended October from $167 million a year earlier as surging COVID-19 cases led to an increase in remote working.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines
- Arcadia retail group collapses into administration https://on.ft.com/3fU0pRc - ExxonMobil slashes capex and will write off up to $20bn in assets https://on.ft.com/33wjh3C
- Carlyle sells stake in PA Consulting https://on.ft.com/36nhdg5 - Zoom sales up fourfold as pandemic keeps workers at home https://on.ft.com/2Jyfewt
Overview - Philip Green's Arcadia fashion group became the latest casualty of the COVID-19 pandemic, putting 13,000 jobs at risk after collapsing into administration.
- Exxon Mobil Corp said on Monday it cut its expenditure plans and will write off up to $20 billion of assets in the fourth quarter. - Carlyle Group offloaded its take in PA Consulting Group, valuing the UK-based firm at 1.8 billion pounds ($2.40 billion), ending a highly-acquisitive five-year period of private equity ownership.
- Zoom Video Communications Inc Inc said on Monday its revenue rose to $777 million during the three months ended October from $167 million a year earlier as surging COVID-19 cases led to an increase in remote working. ($1 = 0.7496 pounds) (Compiled by Bengaluru newsroom)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)