LONDON (Reuters) – British meal delivery company Deliveroo on Thursday said it had made a strong start to the year, with a 7% rise in orders beating the 6% recorded in the final quarter of 2024, and the total value of transactions on its platform up 9%. The company maintained its guidance of high single-digit …
UK’s Deliveroo reports stronger order growth in first quarter Read More »
By Gianluca Lo Nostro and Mara Vilcu (Reuters) -Atos reported a drop in first-quarter revenue on Thursday, hit by a lower order entry in 2024 due to a sharp reduction of business process outsourcing activities in Britain, but signalled more orders coming from clients. The IT group’s revenue came in at 2.07 billion euros ($2.35 …
France’s Atos reports drop in quarterly revenue, but signals more client orders Read More »
TAIPEI (Reuters) – TSMC, the world’s largest contract chipmaker, posted a 60% jump in first-quarter net profit on Thursday, beating market forecasts as it benefited from surging demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, saw January-March net profit rise to T$361.6 billion ($11.12 billion) …
By Summer Zhen HONG KONG (Reuters) – RBC BlueBay Asset Management has opened short positions on the U.S. dollar, betting on the end of U.S. exceptionalism as President Donald Trump’s trade war threatens to destroy decades of trust and credibility in the currency. The dollar has been falling on concerns over the impact Trump’s trade …
BlueBay sells US dollars short, citing low investor confidence Read More »
By Akash Sriram (Reuters) – Lyft is buying mobility platform FreeNow from German automotive giants BMW and Mercedes-Benz for 175 million euros ($198.40 million) to expand into the European ride-hailing market, the U.S. company said on Wednesday. Under pressure from dominant ride-hailing rival Uber Technologies in its home North American market, Lyft has been seeking …
Lyft to enter European market with $200 million FreeNow acquisition Read More »
(Reuters) – Two funds managed by British investment manager Foresight Group LLP said on Wednesday they would buy battery storage investment firm Harmony Energy Income Trust in a deal that values the company at about 209.9 million pounds ($277.9 million). In late March, British power company Drax said it had agreed on terms of a …
Two funds managed by UK’s Foresight Group LLP to buy Harmony Energy in $278 million deal Read More »
By Kalea Hall, Nora Eckert and Utkarsh Shetti (Reuters) – Ford Motor may raise prices on its new vehicles if U.S. President Donald Trump’s auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters. The Dearborn, Michigan, automaker offered deep discounts across its lineup starting earlier this month …
Ford Motor may hike prices if Trump’s auto tariffs persist, memo says Read More »
By Paul Sandle LONDON (Reuters) -Alphabet’s Google is being sued in Britain for potential damages of up to 5 billion pounds ($6.6 billion) in a class action alleging the company abused its dominant market position in the online search industry. The class action, filed at the Competition Appeal Tribunal on Tuesday, argues that Google’s actions …
Google faces 5 billion pound UK lawsuit for abusing dominance in online search Read More »
By Christoph Steitz FRANKFURT (Reuters) -Siemens Energy on Wednesday posted its best profit margin since being spun off from Siemens nearly five years ago, citing a strong performance in all of its business areas which provide equipment and services to the global power industry. As a result of the forecast-beating second-quarter performance, Siemens Energy raised …
Siemens Energy posts highest margin since spin-off after strong Q2 Read More »
FRANKFURT (Reuters) – Rheinmetall could boost its order book to up to 300 billion euros ($341 billion) by the end of the decade, its CEO said, boosted by Europe’s efforts to ramp up defence spending and create credible deterrence against Russia. Armin Papperger also told German business daily Handelsblatt that he was in touch with …
Rheinmetall sees order potential of up to $341 billion, CEO tells Handelsblatt Read More »
