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Herbalife stock: Activist hedge fund billionaire Bill Ackman claims victory amid 32% plunge – Uptrends

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Herbalife stock: Activist hedge fund billionaire Bill Ackman claims victory amid 32% plunge – Uptrends

Pershing Square’s Bill Ackman folded on his short bet against Herbalife Ltd nearly six years ago but he’s calling Thursday’s record tumble a win. The stock of the weight-loss shakes and vitamins seller plunged 32% to a 14-year low, after a quarterly earnings report that fell short of analyst expectations. In the last six months, … Read more

Financial misconduct claims in fertiliser sector, CPPs – Uptrends

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Financial misconduct claims in fertiliser sector, CPPs – Uptrends

  ISLAMABAD: Government officials are levelling accusations against fertiliser manufacturers, claiming that they are profiting at the expense of farmers while enjoying the benefits of cheaper gas. A recent Economic Coordination Committee (ECC) meeting highlighted a disparity in the intended purpose of supplying natural gas to the fertiliser sector at subsidised rates. While the goal … Read more