Reuters UK Business

By Jason Hovet and Alan Charlish PRAGUE/WARSAW (Reuters) – The Czech crown and Polish zloty will likely lead central and eastern European currency gains in 2024 as interest rate cuts go slower than some bet while Warsaw’s moves to unblock European Union funds will also cheer investors, a Reuters poll found. Poland’s zloty led the …

Crown, zloty to lead FX charge in 2024; forint seen weaker: Reuters poll Read More »

LONDON (Reuters) -British house prices rose in annual terms in December for the first time in eight months, data from mortgage lender Halifax showed on Friday, adding to signs of a stabilisation in the property market after a hit from higher borrowing costs. House prices were 1.7% higher than in December 2022 – when the …

UK house prices rise for first time in eight months – Halifax Read More »

(Reuters) -French food caterer Sodexo on Friday reported 3% growth in its first-quarter sales, in line with its forecasts and helped by a rise in corporate events and more workers returning to the office. The company’s quarterly sales came in at 6.29 billion euros ($6.88 billion), up 3.1% from a year earlier. A consensus provided …

Food caterer Sodexo’s quarterly sales rise as corporate demand picks up Read More »

(Reuters) – North Sea oil and gas producer Ithaca Energy said on Friday that its Chief Executive Officer Alan Bruce would step down after about two years in the top role. Finance chief Iain Lewis will take on the additional role of interim CEO with immediate effect, the company added. Bruce, 42, led Ithaca through …

Ithaca Energy CEO to step down after two-year stint Read More »

By Samrhitha A and Jaspreet Singh (Reuters) -ESPN and the National Collegiate Athletic Association (NCAA) have agreed to a $920 million, eight-year extension to their media rights deal that covers 40 championships including international rights to the “March Madness” college basketball tournament. The deal has an annual average value of $115 million, which more than …

ESPN, NCAA agree to new eight-year, $920 million deal for media rights Read More »

COPENHAGEN (Reuters) – Denmark’s Maersk said on Thursday it has rerouted four out of five container vessels that were stuck in the Red Sea back towards the Suez Canal and the long journey around Africa to avoid the risk of attack. Yemen-based Houthi militants recently attacked a number of vessels in the southern Red Sea, …

Maersk reroutes Red Sea container ships back to Suez Canal Read More »

(Reuters) -Apple continued its struggle in the new year on Thursday, plumbing an eight-week low after Piper Sandler handed the tech giant its second downgrade this week on worries about iPhone demand. The rating action knocked Apple shares down 1.4% at $181.6, causing its market value to decline nearly $170 billion so far in the …

Apple slides to eight-week low after second rating downgrade in a week Read More »

By Bhanvi Satija and Mariam Sunny (Reuters) -Walgreens Boots Alliance on Thursday nearly halved its dividend payout as it attempts to conserve cash amid low consumer spending and intense competition, sending the U.S. pharmacy chain’s shares down 11%. The stock was the second-biggest drag on the blue chip Dow Jones Index, and the decline was …

Pharmacy chain Walgreens cuts dividend to save cash, shares slump Read More »

FRANKFURT (Reuters) -Deutsche Bank has named former Citigroup dealmaker Alison Harding-Jones as its new global head of mergers and acquisitions, the German lender said on Thursday. Harding-Jones previously led Citi’s mergers and acquisitions team in Europe, the Middle East and Africa (EMEA). She was reported last February to be stepping down from the post. In …

Deutsche Bank names former Citigroup dealmaker as global M&A head Read More »