Manchester United renews Adidas partnership in $1.1 billion 10-yr deal
(Reuters) -Manchester United on Monday renewed the soccer club’s partnership with official kit supplier Adidas for 10 more year..
News
News
France’s TDF explores fibre unit sale for upwards of 1 billion euros – sources
LONDON (Reuters) – French telecoms firm TDF is studying options for its fibre business including a sale, four people familiar wi..
News
Analysis-Dwindling excess savings could scupper markets’ soft-landing hopes
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Markets have high hopes for a soft landing for the economy, with bonds..
News
At Europe’s big banks, women make some gains despite Rose exit
By Brenna Hughes Neghaiwi and Tom Sims ZURICH (Reuters) -Alison Rose’s resignation from NatWest leaves just one woman in charge..
News
UK banks back in political crosshairs after Farage fiasco
By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) -After more than a decade trying to rehabilitate their image since..
News
Swiss National Bank posts $15 billion loss during second quarter
ZURICH (Reuters) – The Swiss National Bank posted a second quarter loss of 13.20 billion Swiss francs ($15.14 billion), it said..
News
Oil climbs close to April peak on tighter supply
By Alex Lawler LONDON (Reuters) -Oil climbed by almost 1% on Thursday, recouping losses from the previous session, supported by suppl..
News
Automakers’ demand helps STM weather softening chip market
(Reuters) -European chipmaker STMicroelectronics on Thursday forecast higher third-quarter sales as demand from automakers helped it b..
News
Mediobanca to launch new $223 million buyback after record year
MILAN (Reuters) – Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 ..
News
Sabadell doubles Q2 net profit, lifts guidance for 2023
MADRID (Reuters) -Higher margins helped Spain’s Sabadell double net profit in the second quarter, beating market expectations an..
News
EDF swings to profit thanks to price increases
PARIS (Reuters) – French nuclear power giant EDF swung to profit in the first half of the year, rebounding from a record loss i..
News
ArcelorMittal cuts steel demand forecast, beats profit expectations
BRUSSELS (Reuters) -ArcelorMittal, the world’s second-largest steelmaker, lowered its steel shipments forecast on Thursday for this ye..
News
Banks to fuel boom in UK Plc regular dividend payouts
MILAN (Reuters) – A recovery in bank payouts is set to lift UK regular dividends by 6.1% to 88.9 billion pounds ($114.8 billion)..
News
Samsung to extend production cuts after $7 billion chip loss in H1
SEOUL (Reuters) -Samsung Electronics on Thursday said the worst is over for the global memory chip market but announced plans to exten..
News
Mercedes-Benz says better supplies boost orders, economy still weighs
BERLIN (Reuters) – Mercedes-Benz forecast a subdued world economy with monetary policy weighing on consumers even as supply chai..
News
Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google
By Jeffrey Dastin (Reuters) – Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Mi..
News
Nissan seals Renault deal, now faces hard yards in China
TOKYO/PARIS (Reuters) -Nissan will invest up to $663 million in Renault’s new electric vehicle unit, the automakers said on Wedn..
News
Limited support for central bank digital currencies in global investment industry survey
By Marc Jones LONDON (Reuters) – The most comprehensive survey of the global investment industry on central bank digital curren..
News
Exclusive-EU regulators rebuff Meta’s offer to curb use of ad data, sources say
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms offered to curb the use of competitors’ advertising data for its Face..
News
Intel, Ericsson to work together on custom 5G chip
(Reuters) – Intel Corp on Tuesday said that it will work with Swedish telecommunications gear maker Ericsson to make a custom ch..
News
Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources
NEW YORK/FRANKFURT (Reuters) – The U.S. Securities and Exchange Commission is preparing to resolve a two-year probe into allegat..
News
Dulux maker Akzo Nobel lifts outlook on easing raw material costs
(Reuters) -Dutch paints and coatings maker Akzo Nobel raised its annual profit outlook on Tuesday, supported by declining raw material..
News
France’s Thales to buy Imperva in $3.6 billion cybersecurity deal
By Tim Hepher and Mathieu Rosemain PARIS (Reuters) -France’s Thales said on Tuesday it would buy U.S. cybersecurity company Imp..
News
Peace-themed torch unveiled for Paris 2024 Olympics
PARIS (Reuters) – The design of the Paris 2024 Olympic and Paralympic torch was unveiled on Tuesday, imitating the reflection of..
News
“Last hope”: Eager Germans are prepared to pay for weight-loss drug
FRANKFURT/LONDON (Reuters) – Frustrated after countless failed diet and exercise attempts, 41 year-old Jessica Lenth from Hambur..
News
Unilever sees Chinese consumer confidence at ‘historical low point’
By Richa Naidu LONDON (Reuters) – British consumer goods giant Unilever said on Tuesday that China’s declining property m..
News
Euro zone firms slash loan demand to lowest on record: ECB poll
FRANKFURT (Reuters) – Euro zone firms’ demand for loans dropped to the lowest on record last quarter and a further declin..
News
Pertamina, Petronas to pay up to $650 million for Shell’s Masela gas stake
TANGERANG, Indonesia (Reuters) -Indonesia’s Pertamina and Malaysia’s Petronas signed an agreement with Shell on Tuesday to..
News
Keyboard maker Logitech raises forecast for first half of 2024
(Reuters) -Logitech International raised its sales and profit outlook for the first half of the financial year 2024 on Tuesday in its ..
News
UK’s Virgin Media O2 to lay off up to 2,000 employees by year end
(Reuters) – British mobile operator Virgin Media O2 said on Monday it was planning to lay off up to 2,000 employees by the end ..
News
Southern Europeans splash out on air-con as heatwave drags on
By Corina Pons and Elisa Anzolin MADRID/MILAN (Reuters) – As Southern Europe battles extreme heat with no end in sight, people ..
News
Naturgy’s profit rises on LNG gains, soothing shareholders
By Pietro Lombardi MADRID (Reuters) – Spanish power utility Naturgy reported on Monday an 88% jump in profit for the first six ..
News
Worsening euro zone business downturn reignites recession fears
LONDON (Reuters) -Euro zone business activity shrank much more than expected in July as demand in the bloc’s dominant services i..
News
Vodafone takes ‘first steps’ in turnaround with top-line improvement
By Paul Sandle LONDON (Reuters) -Vodafone reported better top-line growth on Monday, driven by higher prices in Britain and improveme..
News
UK firms grow at slowest in 6 months as rate hikes weigh: PMI
LONDON (Reuters) – Britain’s private sector is growing at its weakest pace in six months in July as orders for businesses ..
News
Analysis-As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy
By Tim Kelly, Karen Freifeld and Kentaro Sugiyama TOKYO/NEW YORK (Reuters) – Japan’s imposition of export controls on chi..
News
Philips slightly raises 2023 outlook after Q2 core profit beat
(Reuters) -Dutch health technology company Philips on Monday slightly raised its full-year targets after posting a bigger-than-expecte..
News