By Emma Rumney LONDON (Reuters) -Pernod Ricard said on Wednesday it agreed to sell the majority of its wine portfolio to the owners of Australia’s Accolade Wines, disposing of a dragging division to focus on its core business of spirits. The world’s No.2 Western spirits maker plans to sell its wine brands from Australia, New …
Pernod Ricard offloads bulk of wine unit to focus on spirits Read More »
By Crispian Balmer ROME (Reuters) – Britain’s new trade minister said on Tuesday he was optimistic some trade barriers with the European Union can be removed, but the mechanism to arbitrate any disputes would be subject to negotiation. The Labour Party won a July 4 election, and while it has pledged not to reopen the …
New British trade minister hopeful some EU barriers can be removed Read More »
STOCKHOLM (Reuters) -Denmark’s A.P. Moller-Maersk said on Wednesday that disruption to its container shipping via the Red Sea had extended beyond trade routes in the far east of Europe to its entire global network. Shipping groups have diverted vessels around Africa’s Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in …
Maersk says Red Sea shipping disruption having global effects Read More »
AMSTERDAM (Reuters) – Novo Nordisk’s hugely popular weight-loss drug Wegovy should not be covered under the basic insurance of the Netherlands, the country’s healthcare institute said in an advice to the Dutch government. It was unclear whether the health effects of Wegovy were large enough to weigh up against the costs of the medicine, the …
Dutch government should not subsidise weight-loss drug Wegovy, adviser says Read More »
By Toby Sterling and Nathan Vifflin AMSTERDAM (Reuters) -Shares in ASML, the biggest supplier of computer chip- making equipment, fell on Wednesday on the prospect pressure from the U.S. government could lead to tighter restrictions on its exports to China. The investor concerns overshadowed second-quarter earnings at Europe’s largest technology company that beat forecasts and …
ASML shares fall as risk of China measures clouds solid Q2 earnings Read More »
(Reuters) -Kaspersky Labs will gradually wind down its U.S. operations from July 20, the Russian anti-virus software maker said on Monday, nearly a month after the Biden administration announced plans to bar sales of the company in the country. Kaspersky, which will eliminate all U.S.-based positions, did not allow consumers to purchase any products on …
Russian cybersecurity firm Kaspersky Labs to wind down US operations Read More »
By Yadarisa Shabong and Martin Coulter (Reuters) – Britain’s competition regulator has started a formal investigation into Microsoft’s hiring of some former staff of Inflection AI and its partnership with the startup, it said on Tuesday. Over the past 18 months, regulators around the world have increasingly focused on potentially anti-competitive behaviour in the AI …
Microsoft’s hiring of former Inflection AI staff prompts UK probe Read More »
(Corrects quantity to million, not thousand, in paragraph 3) (Reuters) – French oil major TotalEnergies said on Tuesday its second-quarter hydrocarbon production levels will hit the top end of its guidance range, while pressure on refining margins will be partly alleviated by higher refinery utilisation. WHY IT’S IMPORTANT TotalEnergies quarterly earnings are due on July …
TotalEnergies says oil production to hit high end of Q2 guidance Read More »
FRANKFURT (Reuters) -German sportswear maker Adidas is increasing its full-year earnings guidance after a better than expected second quarter, it said on Tuesday, in its second upgrade this year. The success of the company’s low-rise multi-coloured Samba and Gazelle sneakers, along with weaker sales at rival Nike, had been expected to help Adidas to deliver …
Adidas hikes 2024 earnings guidance after second-quarter beat Read More »
By Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley’s second-quarter profit beat expectations on Tuesday, driven by a surge in investment banking and trading revenues that overcame muted results in wealth management. The bank joined other Wall Street lenders, including Bank of America and JPMorgan in reporting higher investment banking revenue, fueled by growing confidence …
Morgan Stanley profit surges on investment banking, trading, while wealth lags Read More »
