LONDON (Reuters) – British supermarket Sainsbury’s said on Thursday it would wind down its banking business and instead offer financial products through third parties, as part of a strategy to focus on its core retail operations. Sainsbury’s, Britain’s second largest grocer, said it would switch to a distributed model for banking, with products provided by …
BRUSSELS (Reuters) – U.S. chipmaker Intel’s fight against a 1.06 billion euro ($1.2 billion) EU antitrust fine was boosted on Thursday by an adviser to Europe’s top court finding EU regulators at fault on their economic analysis. “The court should confirm that the Commission erred in applying the AEC test with respect to HP and …
By Megan Davies DAVOS, Switzerland (Reuters) -Barclays CEO C.S. Venkatakrishnan is looking to use the lender’s first investor day in a decade to show shareholders it can replicate the success of its investment bank across other divisions to create a stronger, more balanced lender. “…the investment bank has been successful but it’s about 60% of …
Barclays CEO Venkat says pursuing ‘more balanced’ bank to boost returns Read More »
LONDON (Reuters) – Ceres Power shares soared 51% on Thursday after the UK clean technology company said it had signed its first hydrogen licence with Taiwanese electronics manufacturing company Delta Electronics. At 0848 GMT, Ceres Power shares were up 48.5%, on track for their biggest daily jump since 2012. The agreement includes revenue of 43 …
Ceres Power shares supercharged by Delta hydrogen deal Read More »
By Victoria Waldersee DAVOS, SWITZERLAND (Reuters) – German logistics giant DHL still has available air freight capacity even as attacks in the Red Sea stymied logistics pathways because demand is lower and more elastic than in previous crises, its chief executive told Reuters. E-commerce demand from Asia was a stabilising factor for air freight capacity …
DHL CEO: air cargo capacity still available despite Red Sea pressures Read More »
(Reuters) -Watches of Switzerland slashed its annual revenue and profit margin forecast on Thursday, as consumers spend less on luxury items amid a cost-of-living squeeze, sending the luxury retailer’s shares down to an over three-year low. Shares in the company, which sells brands including Rolex, Cartier and Patek Philippe, plunged as much as 30%, its …
Watches of Switzerland’s shares lose shine after forecast cut Read More »
By Huw Jones LONDON (Reuters) – The European Union reached a provisional deal on Thursday to improve how national authorities work with each other to combat moneylaundering, including in the crypto sector. Representatives of EU states and the European Parliament reached the deal in negotiations that concluded in the early hours of Thursday, aiming to …
EU agrees on stricter rules to combat moneylaundering and capture cryptoassets Read More »
DUBLIN (Reuters) -Online betting giant Flutter posted a 15% rise in fourth-quarter revenue on Thursday, driving its shares up 10% though it said growth in its Fanduel U.S. business was below expectations due to a series of very friendly customer results. The world’s largest online betting company said in November that it expected full-year earnings …
Betting giant Flutter’s shares jump despite Q4 US revenue miss Read More »
LONDON (Reuters) -British appliance and electronics retailer Currys on Thursday forecast full year profit ahead of market expectations after stable gross margins and cost savings offset a fall in underlying sales over the Christmas trading period. The seller of cookers, fridges, washing machines, TVs, computers and mobile phones, said it now expected a full year …
UK retailer Currys expects annual profit ahead of market expectations Read More »
(Reuters) -Mediterranean-focused oil and gas producer Energean forecast higher 2024 production on Thursday after profit more than doubled last year. The London- and Israel-listed company expects 2024 production to be between 155 and 175 kilo barrels of oil equivalent per day (kboed), up from 123 kboed in 2023. The forecast is “primarily driven by Energean’s …
Oil producer Energean forecasts higher 2024 production Read More »
