Exclusive-Samsung Electronics says it is not interested in spinning off foundry business
By Neil Jerome Morales and Heekyong Yang MANILA/SEOUL (Reuters) – Samsung Electronics is not interested in spinning off i..
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Business
Italgas sees double-digit income growth to 2030, ups minimum dividend rise
By Francesca Landini and Cristina Carlevaro MILAN (Reuters) -Italy’s biggest gas distributor Italgas expects double-digit..
Business
UK pay growth weakest since February 2021, REC survey show
LONDON (Reuters) – Britain’s jobs market showed more signs of cooling in September as pay growth increased at the s..
Business
Exclusive-Online retailer Shein to hold roadshows soon ahead of London IPO, sources say
By Julie Zhu, Amy-Jo Crowley and Hadeel Al Sayegh HONG KONG/LONDON (Reuters) – Shein is set to hold informal investor meetings i..
Business
Levi Strauss shares fall on weak holiday-quarter forecast
(Reuters) – Levi Strauss’ shares fell about 7% on Thursday after a tepid forecast for holiday-quarter revenue underscored ..
Business
Britain’s Tesco lifts profit outlook after strong first half
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursday after..
Business
Britain’s Tesco lifts annual profit forecast after strong first half
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursda..
Business
Euro area long-dated yields rise after sharp drop, geopolitics in focus
By Stefano Rebaudo (Reuters) – Euro area government bond yields rose on Wednesday, a day after long-dated yields posted their ..
Business
Sainsbury’s boss looks to UK budget to lift spending gloom
By James Davey COBHAM, England (Reuters) – Britons bruised by a cost of living crisis will not start spending strongly again unt..
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Grifols plans to invest $402 million in new industrial centre, El Economista says
(Reuters) – Spanish drugmaker Grifols plans to invest 360 million euros ($401.98 million) to build a new industrial plant..
Business
UniCredit starts process to bring life insurance business in house
MILAN (Reuters) – UniCredit has told Allianz and CNP Assurances that it will buy their stakes in the life insurance joint..
Business
Northvolt to axe 1,600 jobs as Europe’s EV hopes stall
By Marie Mannes STOCKHOLM (Reuters) – Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its gl..
Business
Nike veteran Hill to replace Donahoe as CEO; shares jump
By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the comp..
Business
Nike’s next CEO Hill brings a bootstraps mentality
By Nicholas P. Brown (Reuters) – Elliott Hill started at Nike as an intern in 1988 but steadily scaled its ranks, banking on v..
Business
German tax revenue rose by 5.3% in August
By Maria Martinez BERLIN (Reuters) – Germany’s federal and state governments’ tax revenue rose 5.3% in August..
Business
UK supermarket sales growth slows after summer holidays
LONDON (Reuters) – British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer ..
Business
French millers face long grind as rain-hit wheat harvest comes in
PARIS (Reuters) – Flour mills in France are facing higher costs and a long search for grain as they feel the effects of a dire w..
Business
Oil prices climb on hurricane impact ahead of US rate decision
By Nicole Jao NEW YORK (Reuters) -Oil prices rose on Monday as the ongoing impact of Hurricane Francine on output in the U.S. G..
Business
Daimler Truck eyes half of Europe sales from EVs in 2030
By Ilona Wissenbach and Andrey Sychev HANOVER, Germany (Reuters) -Daimler Truck, one of the world’s biggest commercial ve..
Business
BP to sell its US onshore wind business
(Reuters) -BP plans to sell its U.S. onshore wind energy business, it announced on Monday, saying the assets were not aligned with its..
Business
Central Europe factories and retailers shut in flood-hit areas
By Jan Lopatka PRAGUE (Reuters) -Factories and stores across central Europe shut down production lines and closed their doors on Monda..
Business
UK’s Domino’s Pizza plans to hire 5,000 staff ahead of peak holiday season
(Reuters) – Britain’s Domino’s Pizza Group said on Monday that it plans to hire 5,000 staff across the UK and..
Business
Saipem wins $4 billion contract from QatarEnergy
(Reuters) – Italian energy engineering group Saipem said on Sunday it had won an offshore contract worth $4 billion from ..
Business
US locks in steep China tariff hikes, many to start Sept. 27
By David Lawder (Reuters) -The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty o..
Business
UK’s National Grid to sell electricity system operator in $827 million deal
(Reuters) -Britain’s National Grid said on Friday it had agreed to sell its Electricity System Operator (ESO) to the UK g..
Business
Zara to offer its secondhand clothes service in US by October
MADRID (Reuters) – Zara will offer its service for selling, repairing or donating secondhand clothes in the United States by the..
Business
Scotland’s only oil refinery to close next year, 400 jobs to go
By Ron Bousso and Robert Harvey LONDON (Reuters) -Grangemouth, Scotland’s only oil refinery, is to close in 2025 with the loss o..
Business
Zara owner Inditex sees early autumn sales perk up after summer slowdown
By Corina Pons MADRID (Reuters) -Zara owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday, boosting it..
Business
Services’ grip on UK economy tightens as manufacturing share ebbs further
By Andy Bruce (Reuters) – Britain’s shift towards a services-dominated economy is accelerating, pushing manufacturing̵..
Business
Etihad Airways plans IPO no earlier than 2025, sources say
By Hadeel Al Sayegh, Andres Gonzalez and Federico Maccioni DUBAI/LONDON (Reuters) -Abu Dhabi’s Etihad Airways plans to make its ..
Business
FTSE 100 falls on healthcare, energy weakness; cooling wage growth fuels rate cut bets
By Khushi Singh and Purvi Agarwal (Reuters) -London’s FTSE 100 ended lower on Tuesday, led by a sell-off in healthcare an..
Business
Key events at Nike under CEO John Donahoe
(Reuters) – Nike will hold its annual meeting virtually on Tuesday and a key issue to be voted on will be a workers’ right..
Business
UK pay growth cools, keeping BoE on track for another rate cut
By Andy Bruce and Suban Abdulla LONDON (Reuters) -British pay growth cooled in the three months to July to a more than two-year low an..
Business
Aldi UK says shoppers trading up as inflation eases
By Paul Sandle LONDON (Reuters) -Supermarket group Aldi UK said its prices this summer were on average lower than a year ago, easing s..
Business
South Africa’s SPAR sells Polish business to Specjal
JOHANNESBURG (Reuters) – South Africa’s second-biggest grocery group SPAR has sold its loss-making business in Pola..
Business
Germany plans to reduce Commerzbank stake as stability restored
(Reuters) – Germany intends to reduce its stake in Commerzbank AG as the lender is stable again years after its rescue in..
Business
AI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing..
Business