(Reuters) -Ericsson shares rose 8% on Friday after the Swedish telecoms equipment maker reported a smaller-than-expected fall in second-quarter revenue helped by a pick up in demand in North America. Ericsson and rival Nokia have shed thousands of jobs and cut costs as customers buy less 5G telecom equipment. But both companies were more upbeat …
Ericsson’s second-quarter sales beat helped by North American demand Read More »
MOSCOW (Reuters) – Russia’s Federal Antimonopoly Agency (FAS) wants to reinstate a gasoline export ban from Aug. 1 to help meet fuel demand during harvesting season and safeguard price stability, the agency said on Friday. Russia initially partially banned gasoline exports for six months from March 1, but exempted a Moscow-led economic union and some …
Russia’s cartel body supports reinstating gasoline export ban from August Read More »
By Agata Rybska (Reuters) -Norwegian Air’s shares rose as much as 7% early on Friday after the budget airline reported second-quarter core earnings above market expectations despite lower demand which impacted ticket prices. The airline said the quarter was characterised by strong capacity and passenger growth, but that the growth is projected to slow down …
Norwegian Air’s shares rise as second-quarter profit beats forecasts Read More »
(Reuters) – Investment fund Oaktree Capital Management has raised its stake in Indivior Plc to become its second largest shareholder, days after the British drugmaker issued a profit warning and signalled a slowdown in sales of its top-selling opioid addiction treatment. Oaktree, which specialises in providing rescue funding to struggling firms, disclosed a 6.3% stake …
Oaktree Capital raises stake in UK’s Indivior, becomes 2nd largest shareholder Read More »
LONDON (Reuters) -British fund manager Ashmore reported a further $2 billion of quarterly net outflows of client cash on Friday, as investors continued to shun the specialist firm’s funds. In a fourth quarter trading update, Ashmore also said its assets under management fell 5% to $49.5 billion at the end of June, down from $51.9 …
UK’s Ashmore reports further outflows in fourth quarter Read More »
(Reuters) -Consumer prices in France rose 2.5% year-on-year in June, statistics office INSEE said on Friday, confirming its preliminary reading published in late June. EU-harmonised year-on-year inflation in the bloc’s second-biggest economy slowed a little in June from May’s reading of +2.6%. This slight slowdown was due to weaker energy price inflation, in particular for …
By Nate Raymond (Reuters) – A Maryland judge on Thursday dismissed a lawsuit by the city of Baltimore seeking to hold energy giants such as Exxon Mobil, BP and Chevron responsible for climate change, saying the case went beyond the limits of state law by trying to address the effects of gas emissions globally. Baltimore …
Energy companies win dismissal of Baltimore’s climate change case Read More »
(Reuters) -Axel Springer Chief Executive Mathias Doepfner and private equity group KKR are in talks to break up the media conglomerate, the Financial Times reported on Thursday, citing people with knowledge of the matter. A potential deal would separate the group’s media assets from its digital classifieds operation, the report said. Under the terms being …
Axel Springer, KKR in talks to break up media empire, FT reports Read More »
LONDON (Reuters) – Britain’s markets watchdog on Thursday opened the way for the biggest shake-up in three decades of rules for companies listing on the London Stock Exchange as it seeks to compete more effectively with New York and the European Union post-Brexit. The reforms, part of wider government efforts to attract a wider range …
Factbox-Britain shakes up listing rules to attract companies to London Read More »
(Reuters) -Canada’s Unifor union on Wednesday said its members at Shell’s Alberta unit have ratified a new four-year agreement that includes a 16% wage increase. The agreement averts a possible strike at the Scotford-based facility after members voted overwhelmingly in favour of a work stoppage in late June. The agreement includes the possibility of further …
