(Reuters) – British apparel and sportswear retailer Frasers Group PLC said on Thursday it has put online clothing platform MATCHES into administration, after buying it last year for about 52 million pounds ($66.59 million). Frasers said since the acquisition, MATCHES has consistently missed its business plan targets and continued to make material losses. “Whilst MATCHES’ …
By Chris Kirkham and Abhirup Roy LAGUNA BEACH, California (Reuters) -Rivian on Thursday unveiled its smaller and less expensive R2 SUVs and R3 crossovers amid a slowdown in demand for EVs and also said it would start producing the R2 at its existing facility to hasten deliveries in the first half of 2026. Rivian shares …
Rivian unveils smaller, less expensive EVs, hastens delivery plans Read More »
By Richard Francis and Yadarisa Shabong (Reuters) -Mondi reached an agreement in principle for an all-share offer to buy smaller rival DS Smith for 5.14 billion pounds ($6.57 billion) to create a paper and packaging giant worth more than 10 billion pounds in market value. The terms of the deal represent an implied value of …
British packaging firm Mondi offers to buy smaller rival DS Smith for $6.57 billion Read More »
BRUSSELS (Reuters) – EU regulators have been tasked with into looking into the spat between Apple and Fortnite video-game maker Epic Games as a matter of priority, EU industry chief Thierry Breton said on Thursday. “Under the #DMA, there is no room for threats by gatekeepers to silence developers. I have asked our services to …
Apple, Epic Games spat is a matter of priority, EU industry chief says Read More »
(Reuters) -Shareholders of Dutch-registered Yandex NV approved the sale of “Russia’s Google,” the country’s most valuable technology asset, to a management-led consortium of Russian investors, the company said on Thursday. Yandex, a technology company that operates an internet search engine, last month struck a 475-billion-rouble ($5.27 billion) deal after months of negotiations to sell its …
Yandex NV shareholders approve sale of Russian assets to investor consortium Read More »
(Reuters) -French media group Vivendi on Thursday reported 7.5%growth in full-year core earnings, helped by its Havas, Canal+ businesses and the integration of Lagardère, but gave no major update on a possible split into four listed companies. Vivendi has been looking into splitting up into several businesses, with the aim of boosting their valuation. Yannick …
Vivendi keeps split options open, earnings rise 7.5% Read More »
(Reuters) -United Airlines will pause pilot hiring in May and June due to aircraft delivery delays from Boeing, according to a memo seen by Reuters. “United will slow the pace of pilot hires this year due to continued aircraft certification delay and manufacturing delays at Boeing,” the memo shared with all pilots said on Thursday. …
United to pause pilot hiring for two months on Boeing delivery delays, memo shows Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Match Group-owned dating app Tinder on Thursday agreed to inform users better about discounted prices for its premium services following scrutiny from national consumer watchdogs in the European Union over its pricing practices. The authorities’ concerns centred on the way Tinder discloses information about its personalised discounts. The world’s …
Tinder to provide EU users with more clarity on prices to end probe Read More »
By Shristi Achar A and Sruthi Shankar (Reuters) -British midcap stocks rose to fresh three-month highs on Thursday as lender Virgin Money soared on a possible buyout, while pest control firm Rentokil lifted blue-chip shares following a profit jump. Shares of Virgin Money UK rallied 35%, their biggest percentage gain on record, after Nationwide Building …
UK midcap index at 3-month highs as Virgin Money soars Read More »
By Sarah Young LONDON (Reuters) -British cyber-security firm Darktrace on Thursday raised its forecasts for full-year revenue and margins on strong demand for its services, reflecting growing threats from digital attacks amid geopolitical tensions. The company’s shares were up 12% to 396 pence ($5.04), a five-month high, after its positive outlook and after half-year results …
Darktrace upgrades forecasts as hack threats rise Read More »
