Streetbeat News

TLSNF

Telia Company AB

https://www.teliacompany.com/

CEO

Allison Kirkby

Industry

Telecommunications Resellers

Open

2.85

Mkt cap

11B

Volume

1.5K

High

2.85

P/E Ratio

137.50

52-wk high

3.19

Low

2.75

Div yield

0.07

52-wk low

2.25

Several significant business events have occurred. Alphabet Inc's Google has had an investigation into alleged abuse of dominance closed by the Italian Competition Authority. Toyota Motor Corp is strengthening its local development of intelligence and electrification technology in China. J.B. Hunt Transport Services is buying 13 zero-emission trucks from Nikola Corp. BT Group PLC has appointed Allison Kirkby as CEO. Walt Disney Co has appointed former executives Kevin Mayer and Tom Staggs as advisors to CEO Bob Iger. Foxconn is expanding in India with a $195M investment. Novo Nordisk A/S's weight-loss drug Wegovy has hit the German market. Walmart Inc has bought out Tiger Global's stake in Flipkart for $1.4B. Yellow Corporation has ceased operations. Panasonic Holdings Corp and Heineken NV have released their earnings reports.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 2:14 pm

BT Group PLC has announced the appointment of Allison Kirkby as its new CEO, effective no later than January 2024. Kirkby, who has served as the president and CEO of Telia Company AB since early 2020, has been a Non-Executive Director at BT Group since 2019. The current CEO, Philip Jansen, will step down at an 'appropriate moment' over the next 12 months and will support the handover until his retirement in March 2024. BTGOF shares closed higher by 7.05% at $1.67 on Friday.

Portfolio Pulse from Lekha Gupta

July 31, 2023 | 11:24 am

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