By James Davey LONDON (Reuters) – The head of fast fashion chain Primark, Paul Marchant, has resigned with immediate effect after he admitted to an “error of judgment” during an interaction with a woman in a social situation late last year. Parent-company Associated British Foods said in a statement on Monday that Marchant had accepted …
Primark boss Marchant resigns after ‘error of judgment’ with a woman Read More »
LONDON (Reuters) – Sports retailer Decathlon reported stronger sales growth for 2024 on Monday and said its brand-focused transformation would continue this year, after the company named a new chief executive last Thursday. The privately-owned company appointed 25-year company veteran Javier Lopez as CEO, taking over from Barbara Martin Coppola who led the company for …
Sports retailer Decathlon reports stronger 2024 sales as new CEO takes over Read More »
DUBLIN (Reuters) – Ireland could cut its shareholding in AIB Group to around 3% from 12% currently after agreeing in principle to the bank’s latest share buyback proposal, Finance Minister Paschal Donohoe said on Monday. Ireland effectively nationalised AIB in 2010 when it pumped 21 billion euros ($22.7 billion) into the lender following a banking …
Ireland could cut AIB stake to 3% once latest buyback completed, says finance minister Read More »
(Reuters) -French oil group Maurel et Prom said on Monday that the United States had revoked its licence to operate in Venezuela, sending its shares plunging 15% in early trade. Reuters reported on Saturday citing sources that the Trump administration had notified foreign partners of Venezuelan state oil firm PDVSA of the imminent cancellation of …
France’s M&P, Spain’s Repsol say Venezuela oil licences revoked by US Read More »
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) – The Russian rouble is seen weakening back to the level of around 100 to the U.S. dollar in one year from now, following a rally at the start of this year, a Reuters poll of 18 economists showed on Monday. The rouble has strengthened by about …
BARCELONA (Reuters) -The chairman and chief executive of Volkswagen’s Spanish unit SEAT, Wayne Griffiths, is stepping down as SEAT prepares to start producing fully electric vehicles in Spain, the German carmaker said on Monday. The decision came at Griffiths’ request and it is effective on Monday, Volkswagen said in a statement. Markus Haupt, Seat’s Board …
COPENHAGEN (Reuters) -Volvo Cars, majority-owned by China’s Geely, has brought back former CEO Hakan Samuelsson to head the company for the next two years at a turbulent time marked by mounting tariff pressures, replacing Jim Rowan who has run the group since 2022. Samuelsson, 74, takes the helm after U.S. President Donald Trump last week …
Volvo Cars brings back veteran CEO to tackle tariffs, mounting industry challenges Read More »
By Laura Matthews NEW YORK (Reuters) -Hedge funds and asset managers have been buying up options on foreign currencies as they look to prepare portfolios for market moves spurred by the Trump administration’s tariff policies and after a recent pullback in market expectations for currency volatility. With Trump expected to implement new reciprocal tariff rates …
Analysis-FX options volume surge as investors juggle tariff risks Read More »
By Florence Loeve and Foo Yun Chee PARIS (Reuters) -Apple was hit with a 150 million euro ($162.4 million) fine by French antitrust regulators on Monday for abusing its dominant position in mobile app advertising on its devices via a privacy control tool. The fine – the first by any antitrust regulator over Apple’s App …
Apple hit with $162 million French antitrust fine over privacy tool Read More »
By Shashwat Awasthi (Reuters) – Aston Martin will raise more than 125 million pounds ($161.9 million) through funding from its chairman and the sale of its stake in his Formula One team as it battles ballooning losses and tariffs imposed by U.S. President Donald Trump. Shares of the company famous for being fictional secret agent …
Aston Martin gets $162 million funding boost to counter losses, Trump tariffs Read More »
