Reuters UK Business

LONDON (Reuters) -Diageo’s shares fell more than 9% on Tuesday as the world’s top spirits maker just missed annual profit forecasts and warned challenges could persist into next year, denting its efforts to win back confidence after a profit warning. The maker of Johnnie Walker whisky and Tanqueray gin has struggled to restore investor confidence …

Diageo’s shares hit four-year low after profit miss, LatAm sales sink Read More »

By James Davey LONDON (Reuters) -British fast food retailer Greggs kept its full-year profit outlook on Tuesday as a wider product range, more deliveries and extended store hours lifted first-half profits by 16.3%, and sent shares up 1.7% in morning trading. Greggs, famous for its sausage rolls, steak bakes and vegan alternatives, has proved a …

UK’s Greggs profit lifted by wider product range, keeps 2024 forecast Read More »

By Belén Carreño (Reuters) – The Spanish economy recorded a faster-than-expected 2.9% annual growth in the second quarter, indicating it would outpace other big eurozone economies this year. The economy grew 0.8% in the second quarter from the previous three months, also quicker than expected, preliminary data from the National Statistics Institute showed on Tuesday. …

Spain’s economy grows faster than expected in second quarter Read More »

By Savyata Mishra (Reuters) -McDonald’s reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters, as deal-seeking consumers shy away from higher priced menu items, including Big Macs. Persistent inflation has forced lower-income consumers to shift to more affordable food options at home. That has led fast food chains such …

McDonald’s sales fall globally for first time in more than three years Read More »

MADRID (Reuters) – Spanish construction firm Sacyr hired Santander and Deutsche Bank as financial advisers to find a partner for new unit Voreantis as a way to raise cash and better compete with larger rivals for contracts in countries such as the United States, a company source told Reuters on Monday. The motorway concession company …

Sacyr hires Santander and Deutsche Bank as advisers to find partner Read More »