Reuters UK Business

LONDON (Reuters) -British American Tobacco said on Tuesday that declining sales of cigarettes and the rise of illegal vapes in the U.S. will likely dent its half-year earnings, adding that it is sticking to its forecast for low single digit annual growth. The maker of Dunhill and Lucky Strike cigarettes has been forced to lower …

British American Tobacco first-half revenues, profits to slip Read More »

BERLIN (Reuters) – It is inconceivable that Germany will not adopt a budget and a package to inject momentum into the economy but the government will not make cuts on security or modernising infrastructure, Finance Minister Christian Lindner said on Tuesday. The three partners in the ruling coalition – the Social Democrats, Greens and Lindner’s …

German Finance Minister: inconceivable we won’t agree budget, economy package Read More »

By Shristi Achar A (Reuters) -European shares slipped on Tuesday as weakness in crude prices dragged energy stocks, while investors refrained from placing huge bets before the European Central Bank’s interest rate decision later this week. The continent-wide STOXX 600 was down 0.4% by 0810 GMT, snapping a three-day winning streak. Energy stocks dropped 2% …

European shares slip as energy shares weigh Read More »

BERLIN (Reuters) – The number of people out of work in Germany rose more than expected in May, Federal Labour Office figures showed on Tuesday. The office said the number of unemployed grew by 25,000 in seasonally adjusted terms. Analysts polled by Reuters had expected that figure to rise by 10,000. “The spring recovery did …

German unemployment rises more than expected in May, labour office says Read More »

(Reuters) -Microsoft is cutting hundreds of jobs at its Azure cloud unit, Business Insider reported on Monday, adding to the swathe of layoffs seen in the technology and media industry this year. The layoffs will impact teams including Azure for Operators and Mission Engineering, according to the report. The Azure for Operators layoffs involved as …

Microsoft to lay off hundreds at Azure cloud unit, Business Insider reports Read More »

By Medha Singh NEW YORK (Reuters) -GameStop shares jumped around 30% on Monday after the stocks influencer known as “Roaring Kitty” returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer. Shares of GameStop had surged as much as 75% earlier on Monday, and some $3.8 billion worth of …

GameStop climbs as ‘Roaring Kitty’ reveals $116 million bet in Reddit post Read More »

(Reuters) -Danish shipping group AP Moeller-Maersk on Monday raised its full-year profit guidance for the second time in a month on the back of strong container market demand and the crisis in the Red Sea. Maersk now expects its underlying earnings before interest, tax, depreciation and amortisation in the range of $7 billion to $9 …

Maersk raises 2024 guidance on strong demand, Red Sea disruptions Read More »

MILAN (Reuters) – Moody’s investors service has lifted the outlook for the credit rating of Italy’s Enel to “stable” from “negative” thanks to the utility’s positive financial performance in 2023 and in the first quarter of this year, Enel said on Monday. At the same time Moody’s confirmed the long-term credit rating of Enel at …

Moody’s improves credit rating outlook on Italy’s Enel Read More »