By Sarah Young LONDON -Thames Water, Britain’s biggest water supplier, said its chief financial officer Alastair Cochran would leave within days, an abrupt change at the top of the utility as it battles to avoid financial collapse. Thames Water, a poster child for Britain’s broken water sector which has polluted rivers with sewage, has been …
Thames Water finance chief to leave company within days Read More »
By Ananya Mariam Rajesh (Reuters) -Lululemon Athletica’s shares fell 13% on Friday after the sportswear maker gave downbeat annual forecasts at a time when the broader apparel space battles an uneven consumer demand environment. The company on Thursday flagged that consumers were spending less due to increased concerns about inflation and the economy. Lululemon joins …
Lululemon tumbles as tariff uncertainty, weak demand hit forecasts Read More »
BERLIN (Reuters) -A German government spokesperson said on Friday that “nothing is off the table” with regards to punitive measures in response to the threat of U.S. tariffs, after an EU lawmaker suggested they target U.S. tech giants. Asked whether this approach would be possible, the spokesperson said that “at the moment, nothing is off …
Berlin on measures against U.S. tech giants: ‘Nothing is off the table’ Read More »
By Kane Wu and Amy-Jo Crowley HONG KONG/LONDON (Reuters) -Hong Kong conglomerate CK Hutchison Holdings Ltd has started preparations to spin off its global telecommunication assets and list the business in London, two people with knowledge of the matter said. The company has discussed the plan with a small group of financial advisers, the people …
MADRID (Reuters) – Spanish Prime Minister Pedro Sanchez and European Commission Vice President Teresa Ribera on Friday urged the United States to reconsider new tariffs on goods from Europe and open a dialogue with Brussels to stop what Sanchez described as “nonsense”. President Donald Trump said on Wednesday the United States will charge a 25% …
Spain’s PM urges Washington to reconsider tariff ‘nonsense’ Read More »
By Greta Rosen Fondahn and Maggie Fick GDANSK/LONDON (Reuters) – Bank of America analysts on Friday said Novo Nordisk may miss first-quarter expectations, as sales of its blockbuster Wegovy and Ozempic drugs lag, which could prompt the Danish drugmaker to cut its 2025 guidance in its quarterly results. BofA global research predicted in a note …
BoFA says Novo Nordisk may miss Q1 expectations as Wegovy, Ozempic sales lag Read More »
MILAN (Reuters) – Poste Italiane is in talks with Vivendi to buy part of its stake in Telecom Italia (TIM), in a move which would make the state-backed conglomerate the leading investor in the former phone monopoly, three sources close to the matter said. Last week, Vivendi cut its stake in TIM to 18.4% by …
Poste Italiane in talks to buy part of Vivendi’s TIM stake, sources say Read More »
By Gianluca Semeraro and Valentina Za MILAN (Reuters) -A group of Italian fund managers said on Friday it would put forward four candidates for the new board of Generali, adding to uncertainty over the outcome of a key shareholder vote at the country’s biggest insurer. A shareholder clash at Generali is unfolding amid a wave …
Italian fund managers add to uncertainty in Generali board tussle Read More »
By Yamini Kalia (Reuters) -WH Smith is to sell its more than 230-year-old British high street business to Hobbycraft-owner Modella Capital for 76 million pounds ($98 million) to focus on global travel retail. The sale means the WH Smith name will disappear from British shopping streets as the group’s nearly 500 stores will be renamed …
WH Smith to sell UK high street business for nearly $100 million Read More »
-English soccer club Chelsea’s co-owner Todd Boehly is considering making a proposal to buy National World, publisher of The Scotsman and Yorkshire Post titles, the British media company said on Friday. The company said it has received confirmation of a potential offer from Boehly’s Eldridge Media Holdings (EMH), without giving details of possible terms or …
Chelsea co-owner Boehly mulls bid for Scotsman publisher National World Read More »
