ASOS reports first-half loss as shoppers cut back
LONDON (Reuters) -ASOS, Britain’s one-time poster child for the shift to online fashion retailing, swung to a first-half loss, ..
News
News
Dufry sales more than double on travel rebound, Autogrill acquisitionv
(Reuters) – Swiss duty-free retailer Dufry on Wednesday reported a 113.4% jump in its first-quarter turnover, beating market es..
News
E.ON to hit upper end of 2023 outlook after strong Q1
FRANKFURT (Reuters) -E.ON, Europe’s largest energy networks operator, expects to hit the upper end of its profit outlook in 202..
News
Dollar eases before inflation data, with nagging worries over debt ceiling impasse
SINGAPORE (Reuters) – The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers failed to break ..
News
Eurovision 2023 opens with acts walking Liverpool’s ‘Turquoise Carpet’
LIVERPOOL, England (Reuters) – Eurovision 2023 kicked off on Sunday when 37 contenders walked the “Turquoise Carpet”..
News
Britain’s JD Sports to buy France’s Courir in $572 million deal
(Reuters) -JD Sports Fashion has proposed buying France’s Groupe Courir for an enterprise value of 520 million euros ($572 mill..
News
Italy’s MPS vows to keep delivering after sharp profit jump
MILAN (Reuters) -Italy’s Monte dei Paschi di Siena (MPS) pledged on Tuesday to maintain the state-owned bank’s performance..
News
Ferrari CEO says e-fuel cars do not compromise carbon goals
MILAN (Reuters) – Ferrari’s plans to continue building internal combustion engine cars powered by so called e-fuels does ..
News
K+S cuts 2023 profit outlook on slow recovery, lower potash prices
K+S cuts 2023 profit outlook on slow recovery, lower potash prices (Reuters) – German potash and salt miner K+S on Tuesday cut i..
News
Li-Cycle and Glencore unveil plans for recycling hub in Italy
(Reuters) – Battery recycler Li-Cycle Holdings Corp said on Tuesday it planned to develop a recycling hub in Italy along with S..
News
Cryptoverse-Tether gets a lift from stability doubts
(Reuters) – Digital stablecoin tether is winning the race for the title of the crypto world’s “least risky” as..
News
Daimler Truck sees higher returns as supply chains, demand improve
BERLIN (Reuters) – Daimler Truck reported on Tuesday an adjusted return of sales of 8.8% in the first quarter of the year, up f..
News
PayPal adjusted margin forecast cut eclipses higher profit expectations
(Reuters) -PayPal Holdings Inc on Monday cut its outlook for annual adjusted operating margin, overshadowing its profit forecast raise..
News
Amazon offers shoppers $10 to pick up purchases as it targets delivery costs
LOS ANGELES (Reuters) – Amazon.com is offering customers $10 to pick up a purchase rather than have it shipped to a home address..
News
Uber rival Bolt seeks to turn profitable next year, IPO in 2025
STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in the next 12 months and ..
News
Oil climbs almost 3% as recession fears begin to fade
By Alex Lawler LONDON (Reuters) – Oil rose almost 3% on Monday as U.S. recession fears eased and some traders took the view tha..
News
Pound hits one-year high against struggling dollar
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) – Sterling hit an over-one-year high against the dollar on Monday as ..
News
Spain suspends trading in NH Hoteles, Thai parent offers to buy shares
MADRID/BANGKOK (Reuters) – Spanish stock market regulator CNMV on Monday suspended the trading of shares in NH Hotel Group SA pe..
News
Volkswagen to name Bentley production chief as new Cariad head – sources
By Jan Schwartz (Reuters) -Volkswagen will announce later on Monday the removal of the current leadership at its software unit Cariad..
News
“A great treat”: King Charles heralds weekend of coronation celebrations
LONDON (Reuters) – King Charles thanked singers who performed at a coronation concert in his honour at Windsor Castle for a ..
News
Italy open to selling down MPS stake on market if terms, buyers are right – sources
By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Treasury is open to reducing its 64% stake in Monte dei Paschi di Si..
News
German industrial output slumps, recession fears rise
BERLIN (Reuters) -German industrial production fell more than expected in March, partly due to a weak performance by the automotive se..
News
Spain’s Grifols names current chairman as CEO, ending family leadership
By Joan Faus BARCELONA (Reuters) -Grifols said on Monday its executive chairman Thomas Glanzmann will become its new chief executive ..
News
Asia shares edge higher, wary of US bank data
By Wayne Cole SYDNEY (Reuters) – Asian shares were mostly higher on Monday as investors braced for a week where U.S. inflation ..
News
Analysis-Battle for China’s electric SUV market heats up at home and abroad
SHANGHAI (Reuters) – China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled ..
News
King Charles greets wellwishers outside palace before coronation
LONDON (Reuters) -Britain’s King Charles and his son William greeted wellwishers outside Buckingham Palace in central London on..
News
World leaders gather in London for King Charles’ coronation
LONDON (Reuters) – King Charles will hold a reception on Friday for world leaders gathered in London for his coronation this wee..
News
WHO declares end to COVID global health emergency
LONDON (Reuters) -COVID-19 no longer represents a global health emergency, the World Health Organization said on Friday, a major step ..
News
Analysis-Smoldering Iran nuclear crisis risks catching fire
WASHINGTON/PARIS/DUBAI (Reuters) – Even as the United States and its European allies grapple with Russia’s invasion of Ukr..
News
World food prices rise for first time in a year- FAO
ROME (Reuters) – The United Nations food agency’s world price index rose in April for the first time is a year, but is st..
News
Adidas shares leap on results but CEO warns of bumpy year
By Helen Reid LONDON (Reuters) -Adidas reported better-than-expected quarterly results and said the Chinese market was improving, sen..
News
Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner
ATHENS (Reuters) – Alpha Bank ACBr.AT, one of Greece’s four largest lenders, said on Friday it signed a binding agreement..
News
UK PM Sunak: Election results show people want us to deliver for them
LONDON (Reuters) – British Prime Minister Rishi Sunak said local elections results so far showed that people wanted his ruling ..
News
Portugal’s Galp quarterly profit up 62%, below market forecast
LISBON (Reuters) -Portugal’s Galp Energia reported on Friday a smaller-than-expected 62% rise in adjusted first-quarter profit ..
News
Republican leaders of Australia and NZ to pledge allegiance to king
SYDNEY/WELLINGTON (Reuters) – The leaders of Australia and New Zealand will pledge their allegiance to King Charles at his coron..
News
Macquarie posts record profits on higher income from commodities arm
(Reuters) -Australia’s Macquarie Group on Friday forecast higher short-term income from its lucrative commodities trading busine..
News
Geely’s London black cab unit unveils new large EV platform
By Nick Carey ANSTY, England (Reuters) – Geely unit London Electric Vehicle Company (LEVC) on Friday unveiled a new, large elec..
News