(Reuters) – European shares dipped on Wednesday as a raft of lacklustre corporate earnings weighed on sentiment, while global markets brace for inflation data from the U.S. and Europe due later in the week for fresh clues on interest rate outlook. The pan-European STOXX 600 was down 0.1% by 0820 GMT. The technology sub-index lost …
European shares open lower as tepid earnings dampen sentiment Read More »
By Paolo Laudani and Paul Sandle LONDON (Reuters) -Swisscom said on Wednesday it was in exclusive talks to buy all of Vodafone Italia for 8 billion euros ($8.7 billion) and would merge the business with its Italian subsidiary Fastweb. The proposed purchase would be in cash and on a debt-free basis, the Swiss telecoms provider …
Swisscom in advanced talks to buy Vodafone Italia for $8.7 billion Read More »
By Richa Naidu LONDON (Reuters) -Consumer goods group Reckitt missed fourth-quarter like-for-like net sales expectations, it said on Wednesday, citing declining sales of cold and flu season products. The maker of Nurofen pain medication and Dettol cleaning products said it is “confident in the year ahead” and expects like-for-like net revenue growth of 2-4%, with …
Reckitt posts like-for-like net sales drop as fewer people buy flu medication Read More »
LONDON (Reuters) -Britain’s auction to ensure enough electricity capacity for 2027/28 cleared at a record high of 65 pounds ($82) per kilowatt (kW) per year, National Grid said late on Tuesday. Britain launched its power capacity market in 2014, offering to pay providers for making capacity available to ensure the country has enough power. A …
UK electricity capacity auction for 2027/28 clears at record high Read More »
(Reuters) -Beyond Meat on Tuesday topped market expectations for fourth-quarter revenue on resilient demand for its faux meat patties in key markets outside the United States, and said it would ramp up its pricing actions in 2024. The company’s shares jumped 37% in extended trade as CEO Ethan Brown also said Beyond Meat would “steeply …
Beyond Meat tops quarterly revenue estimates, plans ‘steep’ cost cuts in 2024 Read More »
(Reuters) -Chilean retailer Falabella reported a more-than-ninefold leap in net profit in the fourth quarter on Tuesday, citing better margins and off the back of lower costs and a slimmed-down inventory. The retailer’s net profit climbed to 70.42 billion pesos ($79.6 million), even as revenues dipped by 5.5% from the year-ago quarter to 3.12 trillion …
Chile’s Falabella posts ninefold profit boost on lower costs Read More »
By Emma-Victoria Farr FRANKFURT (Reuters) -German union Verdi has called for a three-day nationwide ground staff strike at Lufthansa from Feb. 28 to March 1, but said the action will be carried out in areas away from passengers and it does not expect any flight cancellations. Employees at subsidiaries including Lufthansa Technik, Lufthansa Aviation Training …
German union calls for Lufthansa ground staff strike Read More »
SAO PAULO (Reuters) -Brazilian financial services provider XP Inc. posted on Tuesday a 1.04 billion-real ($210.80 million) net profit for the fourth quarter, up 33% from a year earlier. XP, which operates from brokerage to asset manager, said its gross revenue was at 4.31 billion reais in the quarter ended in December, rising 29% from …
Brazil’s XP posts 33% rise in fourth quarter net profit Read More »
LONDON (Reuters) – British software company Sage will launch a generative AI-powered assistant in April to help its small business customers automate routine tasks such as producing invoices and chasing overdue debts, it said on Tuesday. Chief Executive Steve Hare said Sage Copilot had been developed to access a customer’s own data, for example supplier …
UK’s Sage to launch generative AI assistant for small businesses Read More »
By Karen Freifeld (Reuters) – U.S. semiconductor manufacturers should do more to keep their chips from illegally making their way into equipment used by the Russian military, U.S. Senator Richard Blumenthal said at a hearing on Tuesday. Blumenthal’s comments came as reports show U.S.-origin chips and other technology continue to be found in a wide …
US chipmakers should do more to keep chips out of Russian weapons, senator says Read More »
