By Padraic Halpin DUBLIN (Reuters) -Flutter raised its full-year guidance after a much better than expected second quarter and said it has no plans “at this stage” to follow rival Draftkings in adding a surcharge to customer’s winnings in high-tax U.S. states. Flutter’s U.S. listed shares were 11% higher in extended trading. Flutter, the world’s …
Fanduel owner Flutter lifts guidance, shares up after the bell Read More »
By Svea Herbst-Bayliss, Granth Vanaik and Waylon Cunningham (Reuters) -Starbucks on Tuesday named Chipotle Mexican Grill head Brian Niccol as its new CEO, poaching a successful fast-food executive known for reviving the burrito chain to lead a turnaround, in a shock move that sent the coffee chain’s shares up 24%. Niccol replaces Laxman Narasimhan, whose …
Starbucks taps Chipotle’s Niccol as CEO in surprise move, shares soar Read More »
By David Milliken LONDON (Reuters) -British pay grew at its slowest pace in nearly two years, likely reassuring the Bank of England that inflation pressures are easing, and there was a surprise drop in unemployment, official figures showed on Tuesday. Average weekly earnings, excluding bonuses, were 5.4% higher than a year earlier in the three …
UK pay growth drops to lowest in nearly 2 years, joblessness falls Read More »
By Harry Robertson LONDON (Reuters) -The pound rose on Tuesday after data showed Britain’s unemployment rate unexpectedly fell in June, although wage growth slowed. Figures showed the UK jobless rate dropped to 4.2% in June, down from 4.4% in May – defying expectations for a small rise. Sterling was last up 0.22% at $1.2794, from …
Sterling rises after UK unemployment rate unexpectedly falls Read More »
(Reuters) – Russia’s central bank on Tuesday cancelled the banking licence of American Express Co’s Russian subsidiary after the U.S. lender’s unit filed a voluntary liquidation request. Russian President Vladimir Putin decreed in May that American Express could liquidate its Russian business, a little over two years after the company had suspended all its operation …
Russia cancels banking licence of American Express subsidiary Read More »
By Ananya Mariam Rajesh (Reuters) -On Holding beat analysts’ estimates for second-quarter revenue on Tuesday on strong demand from customers looking for trendy products but shares fell 8% premarket after the company reiterated its annual sales forecast. The company maintained its 2024 net sales expectations of at least 30% growth, reflecting an impact from low …
Federer-backed On backs annual sales forecast after quarterly beat, shares fall Read More »
By Maria Martinez BERLIN (Reuters) – German investor morale darkened more than expected in August, posting its strongest decline in two years, the ZEW economic research institute said on Tuesday. The economic sentiment index fell to 19.2 points from 41.8 points in July. Analysts polled by Reuters had pointed to a reading of 32.0. “The …
By Pranav Kashyap (Reuters) -Europe’s main stock index inched higher on Tuesday after presenting a flat note in the previous session, while investors awaited key U.S. data for more clues on the Federal Reserve’s next rate move, although dour corporate earnings limited gains. The continent-wide STOXX 600 index was up 0.1% at 499.62 points, with …
European shares tick up after subdued start to week; US data awaited Read More »
BERLIN (Reuters) – Volkswagen has pushed back the launch of a new ID.4 model from its next generation Trinity EV project to the early 2030s as part of a reshuffling of plans for the delayed programme, a person close to the company said late on Monday. The German automaker had been due to release the …
Volkswagen delays launch of Trinity EV further, source says Read More »
By Yadarisa Shabong (Reuters) -Just Group’s first-half profit beat estimates on Tuesday, and the British insurer now expects full-year earnings to surpass its previous expectations on demand for pension insurance, sending shares up as much as 18% in early trading. The stock hit its highest since June 2018 on Tuesday at 139 pence after the …
UK’s Just Group beats first-half profit estimate as demand for pension insurance soars Read More »
