(Reuters) -New car sales in Britain rose marginally in April, helped by higher demand for fleet vehicles in what is traditionally a low-volume month, industry data showed on Tuesday. The Society of Motor Manufacturers and Traders (SMMT) said new car registrations were up 1% from a year ago to 134,274 units, although they remained more …
UK new car sales grew marginally in April, industry data shows Read More »
By Noele Illien ZURICH (Reuters) – UBS on Tuesday reported first-quarter profit that trounced forecasts and said it was sticking with plans for share buybacks over three years despite Swiss government proposals that would hike its capital requirements. Shares in Switzerland’s biggest bank jumped 8% and were on track for their biggest one-day gain since …
UBS shares soar as profit smashes forecasts, share buyback plans affirmed Read More »
By Ankika Biswas (Reuters) -European shares hit a more-than-one-month high on Tuesday, as a slew of positive corporate earnings, including from Switzerland’s UBS and Italy’s UniCredit, added to the upbeat sentiment surrounding interest rate cuts. The pan-European STOXX 600 was up 0.4%, as of 0805 GMT — after closing at a one-week high on Monday …
European shares hit one-month high as earnings take centre stage Read More »
By Eva Orsolya Papp (Reuters) -German software developer TeamViewer on Tuesday posted first-quarter revenue slightly below market expectations as customers signed fewer multi-year deals, sending its shares down over 8% at 0805 GMT. TeamViewer’s shares have declined since the end of the COVID pandemic, during which companies had used its remote connectivity software for employees …
TeamViewer Q1 revenue slightly short of forecasts, shares drop Read More »
(Reuters) – British construction companies enjoyed their fastest expansion in more than a year during April, despite a further drop in house-building, according to a survey on Tuesday that added to signs of an economic recovery from recession. The S&P Global UK Construction Purchasing Managers’ Index rose to 53.0 from 50.2 in March – moving …
UK construction growth hits 14-month high in April, PMI survey shows Read More »
LONDON (Reuters) – Tensions around Georgia’s controversial draft “foreign agents” law could hit the country’s economy and investor confidence, the president of the European Bank for Reconstruction and Development (EBRD) warned on Tuesday. The draft legislation, which is winding its way through the Georgian parliament, would require organisations receiving more than 20% of their funding …
EBRD warns Georgia ‘foreign agents’ law could hit economy, investor confidence Read More »
By Linda Pasquini and Helen Reid (Reuters) -Online fashion marketplace Zalando returned to growth in the first quarter after three consecutive declines in gross merchandise volume, as bets on more premium brands and its business servicing other retailers paid off. While fast-fashion retailer Shein is a threat to Zalando’s revenues and customer numbers, Chief Financial …
Online retailer Zalando returns to growth thanks to premium brands Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Uniper has appealed a Russian court decision requiring the German utility to pay more than 14 billion euros ($15 billion) if it continues arbitration proceedings against its former main gas supplier Gazprom, it said on Tuesday. The two companies had a decade-long business relationship until Moscow’s war …
Uniper appeals Russian court ruling as legal tussle with Gazprom drags on Read More »
MOSCOW (Reuters) – Alexander Vinnik, a Russian suspected cybercrime kingpin who was arrested in Greece in 2017, convicted of money laundering in France three years later and is now awaiting trial in California, has pleaded partially guilty, TASS news agency cited his lawyer as saying on Saturday. The lawyer, Arkady Bukh, said that as a …
Russian suspected cybercrime kingpin pleads guilty in US, TASS reports Read More »
By Ananya Mariam Rajesh (Reuters) -Beauty company Coty beat Wall Street expectations for third-quarter revenue on Monday and said it expects to achieve the high end of its annual targets, riding on steady global demand for its luxury and mass-market products. Shares of the company were up about 3% in aftermarket trading. The CoverGirl parent …
Coty posts Q3 revenue beat, aims for upper end of 2024 targets on strong demand Read More »
