By Ron Bousso LONDON (Reuters) – Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, that called on the energy company to set tighter climate targets. The resolution, the biggest such drive to date in terms of the size of the participants, is led by activist …
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LONDON (Reuters) – British property can still be held through opaque trusts, despite efforts to shine a light on the real owners in a crackdown on Russian oligarchs and corrupt elites laundering illicit wealth, lawmakers said on Wednesday. In an Economic Crime Manifesto, parliamentarians from across the political divide, who are members of parliamentary groups …
Opaque trusts still cloud British property ownership, lawmakers say Read More »
By Foo Yun Chee and Yuvraj Malik (Reuters) -EU antitrust regulators have concluded that Microsoft’s $13 billion investment into OpenAI is not an acquisition, sources familiar with the matter said on Wednesday, signaling the deal will avoid a formal European probe that could have led to onerous remedies for the U.S. tech giant. Microsoft declined …
Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say Read More »
By Sarah Young LONDON (Reuters) -British online retailer ASOS forecast its results would improve this year, as its more flexible model takes shape and it cuts excess stock, making it better placed to compete with Chinese-founded fast fashion giant Shein. ASOS sunk to a first-half loss but said it expected to report positive adjusted core …
UK online retailer ASOS confident on second-half recovery Read More »
ROME (Reuters) -Ryanair hit back on Wednesday in a dispute with Italy’s antitrust regulator (AGCM) which this week ordered the Irish budget carrier to stop limiting or blocking the sale of its flight tickets by travel agencies. “We think the case has no merit whatsoever,” Ryanair CEO Michael O’Leary told a news conference in Rome, …
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By Ozan Ergenay and Johann M Cherian (Reuters) -European shares rose on Wednesday, though not too far off their one-month low, lifted by healthy quarterly results from consumer companies LVMH and Adidas, while investors kept a cautious watch on developments in the Middle East. The continent-wide STOXX 600 was 0.5% higher by 0854 GMT, helped …
European shares lifted by Adidas, LVMH on healthy earnings Read More »
(Reuters) -Shares in Adidas rose more than 7% on Wednesday, hitting their highest level in over two years after the German sportswear giant on Tuesday reported better-than-expected quarterly results and raised its 2024 guidance on stronger momentum. Growth is being driven by strong demand momentum in “terrace” retro styles, such as Samba, Gazelle and Campus, …
Adidas surges as strong momentum helps Q1 beat, triggers outlook hike Read More »
LONDON (Reuters) – British trade union law breaches workers’ human rights as it does not protect them from sanctions short of dismissal for taking part in industrial action, the United Kingdom’s Supreme Court ruled on Wednesday. Fiona Mercer, a care worker and trade unionist from the northwest of England, took legal action against her employer …
UK trade union law breaches workers’ rights, Supreme Court rules Read More »
By Pranav Kashyap (Reuters) -British stocks climbed on Wednesday, underpinned by industrial metal miners, while the pound strengthened after a slower-than-expected pace of inflation fall pushed back hopes of a rapid rate cut by the Bank of England. The resources-heavy FTSE 100 and the mid-cap FTSE 250 gained 0.5% each after posting steep losses on …
London stocks gain as miners shine, inflation slows its fall Read More »
By Radhika Anilkumar (Reuters) -British gambling group Entain reported a smaller-than-expected fall in online gaming revenue for the first quarter, as an increase in active customers helped it offset stiff competition and regulatory pressures in its main markets. Shares in the company climbed nearly 4% in early trade. The Ladbrokes owner, which is searching for …
Entain logs smaller-than-expected decline in quarterly online gaming revenue Read More »
