By Helen Reid STOCKHOLM (Reuters) – H&M cannot win on price alone and must make its clothes more trendy and of higher-quality in the fiercely competitive fast-fashion sector, its CEO Daniel Erver told Reuters. In his first year as CEO, Erver has spearheaded investments in marketing to boost the H&M brand’s appeal, as well as …
H&M must raise the bar to counter fierce fast-fashion competition, says CEO Read More »
By Yoruk Bahceli and Samuel Indyk LONDON (Reuters) – Traders grew more confident on Thursday that the European Central Bank would deliver three more rate cuts this year, as weak growth data followed by the bank’s latest rate reduction highlighted the need for more easing. The ECB cut rates by 25 basis points (bps) to …
Weak growth, ECB boost traders’ euro area rate cut confidence Read More »
(Reuters) – Britain’s benchmark index closed at record peak on Thursday as investors cheered a healthy set of corporate updates, while a surge in precious metal miners also boosted the index. The blue-chip FTSE 100 closed at record-high and smashed through the psychological 8,600 mark. It closed up 1% at 8,646.88 points. The midcap FTSE …
London’s FTSE 100 at record high on boost by precious metal miners Read More »
By Nikhil Sharma and Johann M Cherian (Reuters) – Europe’s benchmark index closed at a record high on Thursday, led by real estate stocks, as investors priced in more monetary policy easing by the European Central Bank this year and assessed a mixed bag of corporate results. The ECB lowered borrowing costs by an expected …
Europe’s STOXX 600 closes at record high after ECB cuts interest rates Read More »
By Shashwat Awasthi (Reuters) -Shares of Fevertree Drinks surged almost 24% after Molson Coors took an 8.5% stake in a $88 million deal that gives the beer giant exclusive rights to market the British company’s cocktail mixers and tonic water in the United States. As the thirst grows for non-alcoholic drinks, Danish brewer Carlsberg last …
Fevertree shares soar after Molson Coors takes stake Read More »
PARIS (Reuters) – French luxury group Kering announced on Thursday it had sold 100% of its Italian The Mall Luxury Outlets to U.S. real estate investor Simon, generating some 350 million euros in net proceeds as part of a wider plan to restructure its real estate portfolio. Kering’s brands will maintain a presence in the …
Kering sells Italian luxury outlets to U.S. investor Simon Read More »
LONDON (Reuters) – Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed on Thursday. WHY IT’S IMPORTANT Countries around the world are investing in and developing cleaner sources of power and infrastructure to meet climate targets under the Paris Agreement but many experts say …
Global energy transition investment exceeded $2 trln last year, report shows Read More »
By Sam Tobin and Susanna Twidale LONDON (Reuters) -Britain’s approvals for two vast North Sea oil and gas fields were overturned by a Scottish court on Thursday, a significant win for environmental campaigners that leaves the decision on whether the projects should go ahead with the government. Shell and Equinor fought to uphold approval for …
UK must reconsider Shell and Equinor’s North Sea gas, oil projects, court rules Read More »
FRANKFURT (Reuters) – European Central Bank President Christine Lagarde slapped down on Thursday a suggestion by her Czech colleague Ales Michl to include bitcoin among his country’s official reserves. While the Czech Republic does not use the euro, it is part of the European Union and therefore its central bank sits on the ECB’s General …
ECB’s Lagarde slaps down Czech proposal for bitcoin reserves Read More »
By Tanay Dhumal (Reuters) -Dow said on Thursday it will lay off 1,500 employees as part of its $1 billion cost savings plan due to lackluster demand and margin pressures, causing its shares to drop 6.3% in morning trade. The chemical industry has been grappling with weak demand and high input costs, leading to lower …
Dow cuts 1,500 jobs as it looks to save $1 billion amid market pressures Read More »
