Reuters UK Business

By Jaspreet Singh (Reuters) -Pinterest forecast fourth-quarter revenue slightly below Wall Street estimates on Tuesday, signaling fierce competition from larger platforms such as Meta during the holiday season, sending its shares down over 20% in extended trading. The company expects quarterly revenue between $1.31 billion and $1.34 billion, with the midpoint below analysts’ average estimate …

Pinterest’s weak revenue forecast signals intense competition for ad dollars Read More »

(Reuters) -Consumer goods group Unilever said on Tuesday it expects to complete the spin-off of its Magnum Ice Cream unit, after a delay because of the U.S. government shutdown, by December 6. The delay underscores the disruptions caused by the three-week U.S. federal government shutdown with the U.S. Securities and Exchange Commission unable to declare …

Unilever expects to complete Magnum ice cream spin-off by December 6 Read More »

By Terje Solsvik and Ross Kerber OSLO / BOSTON (Reuters) -Norway’s sovereign wealth fund, Tesla’s sixth-largest outside investor, said on Tuesday it would vote against ratifying a proposed pay deal for CEO Elon Musk potentially worth $1 trillion. Musk’s pay package is still seen as likely to win, given broad investor support in the past …

Norwegian opposition complicates Musk’s path to $1 trillion pay deal Read More »

COPENHAGEN (Reuters) -Norway’s energy regulator said on Tuesday it had rejected an application to build a wind farm in its northernmost Finnmark county, citing impacts to a wilderness area as well as Indigenous Sami culture. The building of wind turbines has long been contentious in the Nordic country due to the impact from construction on …

Norway blocks wind farm in wilderness used by reindeer herders Read More »

PARIS (Reuters) -The European Commission aims to announce the creation of a new category of affordable small electric cars in December in an effort to counter Chinese competition and revive the European market, an EU commissioner said on Tuesday. WHY IT’S IMPORTANT The Commission has been working on creating an intermediate category between quadricycles that …

EU plans December announcement to make small EVs more affordable, Sejourne says Read More »

By Manya Saini and Niket Nishant (Reuters) -CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations. Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb, repeatedly hitting record highs and …

Wall Street heavyweights flag risk of pullback in equity markets Read More »