By Pranav Kashyap, Sruthi Shankar and Khushi Singh (Reuters) -Britain’s blue-chip share index cruised to record highs on Tuesday helped by a weaker pound and positive corporate updates, while Primark owner AB Food led gains on an upbeat profit outlook. The FTSE 100 climbed to 8,076.52 points, surpassing its previous peak of 8,047.06 touched in …
UK’s FTSE 100 hits record peak; Associated British Foods surges Read More »
(Corrects paragraph 2 to show Red Sea crisis and Russia’s airspace closure are not linked to Q1 results, adds company comment in paragraph 3) By Anastasiia Kozlova and Amir Orusov (Reuters) -Swiss freight forwarder Kuehne+Nagel reported a 39% drop in quarterly operating profit but beat market expectations on Tuesday, aided by cost cutting measures amid …
Freight forwarder Kuehne+Nagel’s profit falls, beats forecast Read More »
LONDON (Reuters) -A subsidiary of Russian energy giant Gazprom was on Tuesday ordered by the UK’s Supreme Court to stop suing Italian bank UniCredit in Russia over an aborted gas project. RusKhimAlyans has launched a flurry of lawsuits in the Russian courts after Russia’s invasion of Ukraine and subsequent Western sanctions halted work on a …
Gazprom subsidiary must stop Russian lawsuit against UniCredit, UK Supreme Court rules Read More »
By Jonathan Cable LONDON (Reuters) -Overall business activity in the euro zone expanded at its fastest pace in nearly a year this month as a buoyant recovery in the bloc’s dominant service industry more than offset a deeper downturn in manufacturing, a survey found. The divide between services firms and factories was also evident in …
Euro zone business in services-led bounce in April, PMI survey shows Read More »
FRANKFURT (Reuters) – The German reinsurer Munich Re on Tuesday posted a greater-than-expected rise in first quarter profit and said chances had become more likely that it will surpass its full-year target. Net profit in the quarter of around 2.1 billion euros ($2.24 billion) compares with 1.271 billion euros reported a year ago. Analysts had …
Munich Re posts greater-than-expected Q1 net profit Read More »
(Reuters) – Britain’s John Lewis Partnership said on Tuesday that finance director Berangere Michel will step down from her role later this year, after 16 years at the retailer. The move comes weeks after the employee-owned company named former Tesco executive Jason Tarry as its next chairman, following Sharon White’s decision to step down. Last …
UK’s John Lewis says finance boss to step down later this year Read More »
By Johann M Cherian (Reuters) -European stocks scaled to their highest levels in more than a week on Tuesday, driven by the healthcare and technology sector, as investors found comfort in upbeat corporate earnings, while the UK’s FTSE 100 Index climbed to hit an all-time peak. The pan-European STOXX 600 index was up 0.6%, as …
Healthcare, Tech stocks boost STOXX 600 to one-week high Read More »
By Alban Kacher and Olivier Sorgho (Reuters) -OVH Groupe’s shares plunged more than 14% on Tuesday, heading for their biggest daily fall, after the French cloud services company cut its 2024 core profit target citing weaker demand in its key European market. The company slashed its organic revenue growth forecast to 9-10% from a previous …
OVH’s shares plunge after it cuts 2024 profit target Read More »
By Marta Frackowiak (Reuters) -Swedish video streaming company Viaplay said sales growth at its core operations slowed markedly in the first quarter due to price hikes, knocking its shares 7% lower. The group, grappling with waning demand as consumers struggle with the high costs of living, has lost more than half of its market value …
Netflix’s Nordic rival Viaplay logs much slower Q1 growth, shares slide Read More »
By Shivani Tanna (Reuters) -Randstad reported a bigger-than-expected drop in first-quarter core earnings on Tuesday, sending shares in the world’s biggest employment agency down about 6%. Recruiters have been flagging tough hiring conditions in recent quarters, as workers prefer to avoid the risk of switching jobs and employers offer smaller salary hikes amid market uncertainty. …
Dutch recruiter Randstad lags profit forecast in tough hiring market Read More »
