Reuters UK Business

By Aditya Soni (Reuters) -Apple shares jumped 7% on Friday as the iPhone maker’s record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China. The company late on Thursday forecast fiscal third-quarter sales that exceeded Wall Street’s modest …

Apple shares jump as record buyback and upbeat forecast lure investors Read More »

MILAN (Reuters) – L Catterton, a private equity firm backed by French luxury group LVMH, said on Friday it succeeded in securing enough shares in luxury shoe maker Tod’s to take it private in agreement with the Italian group’s main shareholder, the Della Valle family. L Catterton said it had secured 8,656,066 shares following its …

Tod’s set to leave Milan bourse as L Catterton offer succeeds Read More »

(Reuters) – Public sector productivity, a major shortcoming in Britain’s economy, worsened in late 2023 and remained a long way off its pre-pandemic levels, the Office for National Statistics said on Friday. Productivity in the public sector, dominated by education and healthcare, fell 1.0% between the third and fourth quarters of 2023 and was 2.3% …

UK public sector productivity goes from bad to worse, ONS data shows Read More »

OSLO (Reuters) -Norway’s central bank kept interest rates on hold at 4.50% on Friday, as unanimously expected by analysts, and said a tight monetary policy stance may be needed for somewhat longer than planned to curb inflation. The central bank said in March that it could start cutting rates in September from the current 16-year …

Norway keeps rates on hold, may extend tight policy Read More »

By Stephen Nellis (Reuters) – For most of the past year and a half, Apple Chief Executive Tim Cook has fielded questions from Wall Street analysts about his plans for artificial intelligence amid grumbling that the iPhone maker has no AI story to tell. After the company reported quarterly earnings on Thursday, Cook insisted that …

Analysis-Apple aims to tell an AI story without AI bills Read More »

By Mike Scarcella (Reuters) – Google has asked a U.S. judge not to impose sweeping changes to the Alphabet unit’s app store Play that were proposed by “Fortnite” maker Epic Games in the companies’ closely-watched antitrust fight. Google made its filing late on Thursday in San Francisco federal court, where Epic last year persuaded a …

Google defends app store, fighting Epic Games’ bid for major reforms Read More »

By Louis van Boxel-Woolf and Isabel Demetz (Reuters) -Daimler Truck shares fell as much as 6.5% on Friday as the German truck and busmaker highlighted weakness in its European market after reporting first-quarter results that beat forecasts. Order intake fell 15% at Daimler Truck’s Mercedes-Benz business, which focuses on Europe, while in its North American …

Weakness in Europe drives down Daimler Truck shares Read More »

By Ankika Biswas (Reuters) -European shares rose on Friday as investors cheered earnings from French banks Societe Generale and Credit Agricole, while the technology sector got a boost from Apple’s upbeat results and a record share buyback. The pan-European STOXX 600 index rose 0.3% by 0830 GMT. However, it was set for a weekly decline, …

European shares climb on bank earnings cheer, tech boost Read More »

By Clara Denina, Pratima Desai and Felix Njini LONDON (Reuters) -Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company. Glencore has not yet approached Anglo, one of the sources said. The discussions are internal and preliminary at …

Exclusive-Glencore studying an approach for Anglo American, sources say Read More »