By Emma Rumney LONDON (Reuters) -Anheuser-Busch Inbev shares rose more than 5% on Wednesday, in response to a strong first-quarter performance and anticipated relief from the impact of an ongoing U.S. Bud Light boycott. The world’s largest brewer reported a 2.6% rise in revenues, in line with expectations, and better-than-forecast EBITDA and volumes, including in …
AB InBev’s shares rise on ‘bruise-free’ first quarter Read More »
LONDON (Reuters) – London’s IPO pipeline is “building up” in anticipation of the biggest shake-up in UK listings rules in 40 years, London Stock Exchange Plc CEO Julia Hoggett said on Wednesday. “The pipeline is actually building,” Hoggett said at a Financial Times event. The Financial Conduct Authority in coming weeks is due to issue …
London Stock Exchange says IPO pipeline is ‘building up’ Read More »
By Tom Sims FRANKFURT (Reuters) – German commercial property prices fell 9.6% in the first three months of 2024 compared with a year earlier, the VDP banking association said on Wednesday, as the nation’s property industry suffers its worst crisis in decades. The continuing decline in values of commercial real estate follows a 10.2% drop …
German commercial property prices drop 9.6% in Q1, data shows Read More »
(Reuters) -Britain’s J D Wetherspoon on Wednesday forecast its profit to be towards the upper-end of market expectations after the pub group posted higher third-quarter sales, buoyed by strong demand for its traditional ales and vodka. The group, which owns and operates pubs across the UK and Ireland, reported a 5.2% rise in like-for-like sales …
British pub group JD Wetherspoon expects profit at upper-end of market view Read More »
BRUSSELS (Reuters) – The European Union’s General Court on Wednesday cancelled an earlier decision made by the European Commission to have approved restructuring aid for German charter airline Condor. Irish airline Ryanair challenged the 2019 government bailout of Condor. “The General Court of the European Union annuls the decision of the Commission to approve restructuring …
EU’s second top court scraps earlier EU aid approval for airline Condor Read More »
By William James LONDON (Reuters) -Britain’s Home Office said border control systems are operational after an outage that it deemed was not a cyber attack led to lengthy queues and chaotic scenes at airports nationwide. “At no point was border security compromised and there is no indication of malicious cyber activity”, the Home Office said …
UK rules out cyber threat after resolving passport gate outage Read More »
By Ron Bousso LONDON (Reuters) -BP’s first-quarter earnings plunged by 40% to $2.7 billion, missing forecasts after lower energy prices and a U.S. refinery outage offset increased oil and gas production. The London-based company held its dividend at 7.27 cents per share and maintained the rate of its share buyback programme at $1.75 billion over …
BP profit slides by 40% as refinery outage offsets higher output Read More »
(Reuters) – The Federal Aviation Administration said on Monday it has opened an investigation into the Boeing 787 Dreamliner to see whether some employees committed “misconduct” by claiming certain tests that were not performed had been completed. WHAT’S HAPPENING? The U.S. FAA has opened another investigation into Boeing, which was already facing probes related to …
Explainer-The latest investigation into the Boeing 787 Read More »
By Jonathan Stempel (Reuters) – Levi Strauss has ended its lawsuit accusing the Italian luxury fashion brand Brunello Cucinelli of infringing its familiar, trademarked rectangular pocket tab. Levi notified a federal judge in Oakland, California on Tuesday that it was dismissing the case with prejudice, meaning it cannot be brought again. Settlement talks began shortly …
Levi Strauss ends lawsuit against Italy’s Brunello Cucinelli over trademarked tab Read More »
By Shariq Khan and David French (Reuters) – Oil and gas producers Santos and Repsol are exploring a sale of a minority stake in oilfields in Alaska they jointly own and develop in a deal that could be worth about $1 billion, according to people familiar with the matter. The oilfields include the Pikka project, …
Energy producers Santos, Repsol explore sale of stakes in Alaska oilfields, sources say Read More »
