By Daniel Wiessner (Reuters) – Rocket maker SpaceX is being accused in a new lawsuit of refusing to promote a female production worker, paying her less than male colleagues and retaliating against her for reporting sexual harassment by her manager. Michelle Dopak, a production coordinator at SpaceX headquarters in California, said in the lawsuit filed …
SpaceX worker alleges severe sex bias, retaliation in US lawsuit Read More »
By Carolyn Cohn LONDON (Reuters) -British life insurer Legal & General said it missed expectations for 2023 operating profit on Wednesday amid tough market conditions, dashing residual investor hopes of a share buyback and sending its stock lower in early trading. Operating profit was unchanged at 1.67 billion pounds ($2.12 billion), against a forecast of …
Legal & General posts flat profit, no buyback; shares dip Read More »
MADRID (Reuters) – Shares in Spanish drugmaker Grifols fell nearly 15% in early trading on Wednesday following the publication of a new report by Gotham City Research questioning the Barcelona-based company’s “transparency, integrity and ethical conduct”. Since early January, the short-sheller has repeatedly accused Grifols of manipulating its financial accounts, wiping billions of euros off …
Grifols shares drop 15% after new Gotham City Research report Read More »
By Gwladys Fouche OSLO (Reuters) – Norway’s $1.6 trillion sovereign wealth fund, the world’s largest, will call on emerging market companies in which it invests to appoint more women to their boards, top officials told Reuters, making the policy global for the first time. One of the world’s largest investors, the fund holds stakes in …
Exclusive-Norway’s wealth fund pushes for more women on emerging market company boards Read More »
By Aby Jose Koilparambil (Reuters) -Shares of Capita fell more than 18% on Wednesday, after the British outsourcing group reported an annual pre-tax loss and wider cash outflows on costs related to a cyber incident last year and some business exits. The company said it would take cost-cutting measures worth about 100 million pounds (about …
Capita shares fall sharply on annual loss; plans $127 million cost-saving steps Read More »
(Reuters) – Shares of Britain’s Premier Foods rose to a nearly 13-year high on Wednesday after the Mr Kipling maker reached an agreement with the trustee of its pension scheme to suspended pension deficit payments from next month. The company, which makes a variety of products ranging from plain flour to cooking sauces and quick …
Premier Foods’ shares at nearly 13-yr high after suspension of pension deficit payments Read More »
AMSTERDAM (Reuters) – The Dutch government has launched a campaign to ensure that the country’s largest company, semiconductor equipment maker ASML, does not move operations to another country due to anti-immigration policies, newspaper De Telegraaf reported on Wednesday. The paper said the ministries involved had dubbed the effort “Operation Beethoven,” citing unnamed sources. A spokeswoman …
Dutch government scrambling to keep ASML in Netherlands -newspaper Read More »
(Fixes index readings in bullet) (Reuters) – UK shares edged higher on Wednesday as investors digested a fresh batch of corporate updates, while caution in the run-up to the domestic annual budget, due later in the day, capped further gains. The blue-chip FTSE 100 was up 0.2%, as of 0826 GMT, while the mid-cap FTSE …
London stocks inch up as traders gear up for budget Read More »
LONDON (Reuters) -A consortium of investors in London Stock Exchange Group sold about 1.9 billion pounds ($2.41 billion) of shares in the London bourse owner, as it looks to cash in on rising interest in LSEG’s transition into a financial data powerhouse. The consortium, which includes private equity firm Blackstone, Thomson Reuters and other investors, …
LSEG investors offload $2.4 billion of shares in London bourse owner Read More »
By Maria Martinez BERLIN (Reuters) – Germany’s gross domestic product is unlikely to grow significantly this year, think tank IfW Kiel Institute for the World Economy said on Wednesday, cutting its economic forecast for the euro zone’s largest economy for the current year. In a report, the independent institute said it expects GDP to increase …
Germany’s IfW Kiel economic institute cuts 2024 GDP forecast Read More »
