LONDON (Reuters) – British online supermarket Ocado Retail’s relationship with shareholder Marks & Spencer is strong, its boss said on Tuesday. Ocado Retail is a 50:50 joint venture between Ocado Group and M&S. The two shareholders had a public spat last year over M&S’s final payment for the venture. “We are working really strongly with …
Ocado Retail’s relationship with M&S is strong, says CEO Read More »
By Gergely Szakacs BUDAPEST (Reuters) – Turmoil in Europe’s car sector could hit the central European economy and hurt banks’ asset quality, S&P Global said on Tuesday, although it added that lenders were strong enough to withstand stress in their automotive portfolios. Automakers across Europe have announced plant closures and big layoffs as they struggle …
Central Europe’s banks can withstand car sector turmoil, S&P says Read More »
(Reuters) -British miniature wargames maker Games Workshop on Tuesday reported a 33.4% surge in half-year profit, helped by robust demand for its popular Warhammer series. The company recently finalised a deal with Amazon to turn the Warhammer 40k universe into films and TV series, a new profit-driving avenue for the company. Former Superman actor Henry …
Games Workshop rides Warhammer wave to a 33.4% profit boost Read More »
MILAN (Reuters) -Credit Agricole should decide by May whether it wants UniCredit to extend a contract it has with the French bank’s fund manager Amundi, an Italian daily reported citing comments by UniCredit’s CEO. UniCredit CEO Andrea Orcel told investors in recent days that discussions with Credit Agricole are ongoing, Il Messaggero reported. “We’re talking …
UniCredit CEO sees Credit Agricole’s decision on Amundi deal by May, paper says Read More »
PARIS (Reuters) – France is “far from ready” to build six nuclear reactors, the state’s top audit body said on Tuesday, underlining the challenges the country faces in rejuvenating its ageing fleet of nuclear power plants. French President Emmanuel Macron announced a plan in 2022 for state-owned utility EDF to build six European pressurised reactors …
France ‘far from ready’ to build six new nuclear reactors, auditor says Read More »
VIENNA (Reuters) – The European Central Bank cannot lower rates too quickly given issues including stubbornly high core inflation, policymaker Robert Holzmann said on Tuesday, while maintaining that the next rate decision would depend on data available then. “I don’t think we can go down as straight as it is. In particular as more recently …
ECB cannot lower rates too quickly, Holzmann says Read More »
By James Davey LONDON (Reuters) -British online supermarket Ocado Retail reported faster sales growth in its fourth quarter as more competitive pricing helped it win customers from rivals, underlining its position as the country’s fastest growing grocer. During the COVID pandemic in 2020, online’s share of Britain’s total grocery market more than doubled, peaking at …
UK’s Ocado Retail sales growth accelerates on customer wins Read More »
BUCHAREST (Reuters) – Assets held by Romania’s seven mandatory private pension funds jumped 19% on the year to 150.85 billion lei ($31.15 billion) in 2024, with the average yield at 5.74%, slightly above the 5.1% annual inflation rate, the industry association said on Tuesday. The European Union member state overhauled its communist-era pension system in 2008, making it compulsory for …
Romanian private pension fund assets jump 19% in 2024 on year Read More »
By Sarah Young LONDON (Reuters) -British sportswear retailer JD Sports Fashion downgraded its profit forecast after weaker trading in Britain and the United States and promotional activity at competitors hurt sales, and it warned the outlook was “cautious”. Shares in JD plunged 12% in early deals to a near five-year low of 84 pence. JD …
UK’s JD Sports warns on profit in ‘challenging’ market Read More »
By Anastasiia Kozlova (Reuters) -Lindt & Spruengli lifted 2024 margin estimate and forecast further sales growth for 2025 on Tuesday, after reporting 7.8% organic growth for last year in a sign that price hikes have not deterred shoppers from splurging on chocolates. The Swiss chocolate maker, which has been hiking its selling prices to pass …
Lindt sees further growth in 2025 as it hikes prices to combat cocoa costs Read More »
