Singapore's Temasek Holdings achieved a record net portfolio value of S$518 billion ($401 billion) for the year ended March 31, with a 10.5% total shareholder return driven by strong Singapore holdings and divestments. The investor plans to increase exposure to AI, private credit, and infrastructure.
Celltrion has completed the cancellation of approximately 490,000 treasury shares worth about 100 billion won, reducing its total issued shares. The company plans to continue its shareholder return policy, aiming for a cumulative 2 trillion won in share cancellations this year, alongside its mid-to-long-term growth strategies.
Associated British Foods has confirmed plans to demerge Primark from its food business (containing Twinings, Kingsmill and Patak's) by the end of 2027, despite warning that the Middle East conflict may impact consumer spending. Group sales fell 2% to £9.46bn in the first half, with pre-tax profits down 9% to £632m. Primark's like-for-like sales declined 2.7% globally, though UK sales rose while mainland Europe fell 5.6% due to weak consumer confidence.
