Reuters UK Business

By Gaelle Sheehan and Augustin Turpin (Reuters) – TomTom sees broadly flat sales this year as the digital mapping specialist’s auto sector clients grapple with subdued demand. However, its shares rose 7% in early Friday trade after its fourth-quarter operating loss widened less than expected. TomTom, whose customers include Volkswagen and Hyundai, had been benefiting …

Navigation firm TomTom sees broadly flat 2024 sales on subdued auto sector Read More »

STOCKHOLM (Reuters) -Electrolux said on Friday it expects consumer sentiment to stay weak in early 2024 after which it sees demand in major markets stabilising through the year, as it reported quarterly losses in line with a preliminary reading. The Swedish group on Jan. 12 warned its fourth-quarter loss had widened to around 3.2 billion …

Electrolux expects further weak consumer sentiment in early 2024 Read More »

By Jesús Aguado MADRID (Reuters) -Spain’s Caixabank on Friday forecast lending income to stabilise this year on expectations of lower interest rates after financial margins already slowed down in the fourth quarter against the previous quarter. The country’s biggest lender by domestic assets said it expected net interest income – earnings on loans minus deposit …

Caixabank sees stable 2024 lending income after Q4 slowdown Read More »

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Danske Bank began to see a slight deterioration in customer credit quality towards the end of last year, it said on Friday as it forecast 2024 profit broadly in line with last year. Nordic banks’ results have been buoyed by booming interest rates over the past two years, but central …

Danske Bank warns of dip in credit quality Read More »

ATHENS (Reuters) – The initial public offering for a 30% stake in Athens International Airport attracted strong demand, Greece’s privatisation agency HRADF said on Friday. Investors orders topped 8 billion euros ($8.70 billion) the agency said, adding that the offer price was set at 8.20 euros per share, at the upper end of the range …

Athens airport IPO attracts strong demand, price set at 8.20 eur/share Read More »

By Raphael Satter WASHINGTON (Reuters) – Internet firm Cloudflare said in a statement on Thursday that an advanced group of hackers tried to burrow deep into its global network late last year but were thwarted. The company, which did not identify the hackers, said in a blog post that it had discovered the intruders on …

Cloudflare says state-backed hackers tried to burrow into its global network Read More »

By Deborah Mary Sophia (Reuters) -Clorox raised its annual targets on Thursday, after handily beating quarterly earnings expectations, as the bleach maker replenished inventory at a faster pace after a production blip in 2023, putting it back on track to meet robust demand. The company’s shares jumped about 8% in extended trading, after it said …

Bleach maker Clorox lifts annual sales, profit forecasts on faster inventory recovery Read More »

By Dietrich Knauth NEW YORK (Reuters) – Crypto lender Genesis Global has settled a U.S. Securities and Exchange Commission lawsuit over its defunct Gemini Earn lending program, agreeing to a $21 million fine that will be paid only if Genesis is able to fully repay customers in its bankruptcy. The deal will help Genesis avoid …

Genesis reaches $21 million SEC settlement in bankruptcy wind-down Read More »

By Timothy Gardner and Katharine Jackson WASHINGTON (Reuters) – The G7 price cap coalition imposing a price cap on Russian oil issued an enforcement alert detailing ways that market players evade the mechanism and information on how people can report breaches, the U.S. Treasury Department’s website showed on Friday. The United States, other G7 countries …

Russian oil price cap coalition issues enforcement alert -US Treasury Read More »