By Echha Jain (Reuters) -British retailer Halfords Group expects demand for cycling and consumer tyres to be weak this fiscal year as consumers stung by inflation limit purchases of non-essential goods, it said on Thursday. The over 130-year-old company, which has retail stores, garages, mobile vans and home delivery services, reported a 18.3% fall in …
UK’s Halfords expects cycling and tyres demand dip Read More »
By Shashwat Chauhan and Jesus Calero (Reuters) -European shares were flat on Thursday as investors avoided large bets ahead of crucial global economic data and the first round of French elections, while H&M sank after missing quarterly profit forecasts. The pan-European STOXX 600 held steady at 515.11 points as of 0815 GMT, after ending lower …
European shares muted ahead of economic data, French elections; H&M plunges Read More »
By Foo Yun Chee BRUSSELS (Reuters) -French drugmaker Servier on Thursday lost its court battle against a European Union fine for deals with rivals to delay sales of generic copies of its top-selling blood pressure medicine perindopril. The European Commission fined Servier 331 million euros ($354 million) in 2014 – and also fined generic drugmakers …
Drugmaker Servier loses EU court fight over pay-for-delay deals Read More »
MILAN (Reuters) -Milan prosecutors have opened an investigation into the holding company that controls Italian drinks group Campari, sources with direct knowledge of the matter told Reuters on Wednesday. The prosecutors launched the probe after checks by tax police uncovered around 1 billion euros ($1.07 billion) of unpaid taxes from 2018-2020, owed by the Luxembourg-based …
Italy prosecutors probe Campari holding company over alleged tax evasion, sources say Read More »
By Tatiana Bautzer and Elisa Martinuzzi NEW YORK/LONDON (Reuters) -Citigroup’s head of risk data, analytics, reporting and tech Peter Cai has left the bank, a spokesman said on Wednesday, the latest senior departure since its reorganization began in September. Risk and data have been key issues for Citi in recent years following consent orders by …
Citigroup’s head of risk data leaves in latest senior exit Read More »
By Chibuike Oguh NEW YORK (Reuters) -Shares of Nvidia surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker’s market value. Nvidia’s shares finished at $126.09, after a tumble that saw them lose around 13% from their June 18 close of $135.58. The …
Nvidia shares surge nearly 7%, bouncing after $430 billion market slump Read More »
BELGRADE (Reuters) – Bulgaria will press charges against fugitive Ruja Ignatova, the so-called Cryptoqueen who co-founded a cryptocurrency scheme that regulators believe defrauded investors of more than $4 billion, the chief prosecutor said on Wednesday. Bulgarian-born Ignatova, who has German citizenship, has been on the FBI’s top 10 most wanted list since 2022 for fraud …
Bulgaria to press charges against fugitive cryptocurrency fraudster Read More »
(Reuters) -Amazon.com Inc hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company to surpass that level as optimism around artificial intelligence and potential interest rate cuts this year drove demand for technology-related stocks. The stock rose 3.4% to $192.70, giving the e-commerce giant a market value of …
Amazon hits $2 trillion in valuation on AI fervor, rate cut bets Read More »
(Reuters) -Legal & General’s investment management unit said on Wednesday that it is selling its stake in global commodities trader Glencore this year on concerns over its production of thermal coal. Legal & General Investment Management (LGIM) is also selling its stake in New York-listed retailer TJX, it said, raising the number of divestments under …
L&G investment business to sell Glencore stake over thermal coal Read More »
By Victoria Waldersee, Akash Sriram BERLIN (Reuters) -Volkswagen shares fell 2% on Wednesday as investors worried about the cost and uncertainties of a joint venture with U.S. electric-vehicle maker Rivian aimed at beefing up the biggest European automaker’s position in EVs. Rivian investors cheered the shot in the arm, pushing up the stock of the …
Volkswagen stock slips on cost, implications of Rivian JV; Rivian soars Read More »
