By Matthias Inverardi DUESSELDORF (Reuters) -German defence group Rheinmetall wants to become a global player as it continues to grow, with an expected order backlog of some 60 billion euros ($64 billion) by the end of this year, CEO Armin Papperger said late Thursday. “We want to become a worldwide player and we can currently …
Rheinmetall CEO eyes global stage with growing order book Read More »
(Reuters) – British services companies reported the strongest upswing in activity in almost a year during April, despite a new surge in cost pressures, according to a survey on Friday that pointed to a solid rate of economic growth. The S&P Global UK Services Purchasing Managers’ Index rose in April to 55.0, its highest level …
Upswing in UK services firms points to renewed economic growth, PMI survey shows Read More »
By Chandini Monnappa (Reuters) -Holiday Inn owner Intercontinental Hotels Group (IHG) posted a 2.6% rise in first-quarter room revenue on Friday and said it continues to expect demand for leisure travel to remain strong. Hotel chain owners, including IHG, have benefited from a tourism boom over the past year, although some US hoteliers expect a …
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong Read More »
By Ilona Wissenbach, Charlotte Van Campenhout and Essi Lehto BRUSSELS (Reuters) -Air France, its Dutch arm KLM, Norwegian, SAS and several Lufthansa Group airlines are among 20 carriers being investigated by the European Union for potential greenwashing, the companies said on Thursday. The EU said airlines needed to make clear to what extent claims about …
Air France, Lufthansa Group airlines part of EU greenwashing probe Read More »
FRANKFURT (Reuters) -The European Central Bank should accumulate data before each interest rate cut given the great uncertainty that surrounds the economic outlook, ECB chief economist Philip Lane said on Thursday. The ECB has dropped strong hints that it will start lowering its policy rate from a record 4% next month in light of a …
ECB should accumulate data between rate cuts, chief economist says Read More »
By Stephen Nellis, Max A. Cherney and Yuvraj Malik (Reuters) -Apple on Thursday reported a smaller than expected decline in quarterly revenue, and Chief Executive Tim Cook told Reuters the company expects a return to sales growth in the current quarter as it invests in AI features to be unveiled in the coming months. Apple …
Apple sales fall less than expected, CEO sees return to growth Read More »
By Hannah Lang (Reuters) -Coinbase Global posted a significant jump in profit in the first quarter, helped by an uptick in cryptocurrency trading following the launch of the first U.S.-listed exchange traded funds (ETFs) tracking bitcoin in January. The company on Thursday reported a net income of $1.2 billion, or $4.84 per share, in the …
Coinbase posts soaring profit on jump in crypto prices Read More »
(Reuters) -Universal Music Group on Thursday reported first-quarter earnings that comfortably beat expectations, helped by the record-breaking success of its star act Taylor Swift. UMG executive were also upbeat about the label’s new deal with TikTok, also announced on Thursday, which settled a dispute over artist pay and helped address wider artificial intelligence concerns in …
Universal Music beats earnings forecasts after blockbuster Swift tour Read More »
By Dietrich Knauth NEW YORK (Reuters) – Teen apparel retailer rue21 filed for Chapter 11 bankruptcy protection for a third time on Thursday, seeking to shut down its 540 stores and sell its intellectual property. rue21 has attempted to sell its business, but no buyer appeared willing to pay more than the company would earn …
Apparel retailer rue21 files for third bankruptcy, will close all stores Read More »
By Stefania Spezzati and Oliver Hirt LONDON/ZURICH (Reuters) – UBS is weighing plans to cut several hundred million dollars of costs in its asset management division as the bank studies options for a business whose profit is under pressure, people with knowledge of the discussions told Reuters. The initial focus of the review will be …
Exclusive-UBS weighs asset management overhaul to reduce costs, sources say Read More »
