By James Davey and Sarah Young LONDON (Reuters) -The British arm of German discount supermarket chain Lidl on Thursday brushed aside a 76 million pound ($95 million) annual loss, saying the business was squarely focused on the long-term opportunity. Lidl GB, established in 1994, said it had the “full support” of its German parent the …
Discounter Lidl GB relaxed on losses, focused on the opportunity Read More »
(Reuters) – British online trading platform IG Group on Thursday reported a marginal rise in its first-quarter revenue after a big boost from net interest income and strong U.S. trading helped offset a fall in the number of active clients. Changing market conditions after the pandemic, the ongoing Ukraine war, and the fall of several …
UK’s IG Group ekes out revenue rise from interest income, U.S. trading Read More »
By James Davey LONDON (Reuters) -John Lewis Partnership’s turnaround will take two years longer than planned and cost more money, the British retailer warned on Thursday, as stubborn inflation and rising interest rates batter shoppers and store groups alike. The employee-owned group, which runs John Lewis department stores and Waitrose supermarkets, reported a narrowing in …
British retailer John Lewis says turnaround delayed by two years Read More »
(Reuters) -Music investor Hipgnosis Songs Fund will sell some of its catalogues, including songs by pop star Shakira and rapper Nelly, for $465 million to a private Blackstone vehicle to fund a share buy-back, pay down debt and bolster its stock price, the UK company said on Thursday. The sale includes a portfolio of 29 …
Music investor Hipgnosis to sell catalogues to bolster shares Read More »
By Bansari Mayur Kamdar (Reuters) -European shares inched higher on Thursday, with investors cautious ahead of the European Central Bank’s rate decision where it is likely to raise interest rates for a tenth consecutive time. Markets are now pricing in a 65% chance of a 25-basis-point hike that could take Europe’s key interest rate to …
European shares edge higher ahead of ECB rate decision Read More »
(Reuters) -THG’s shares tumbled 18% on Thursday after the British e-commerce firm downgraded its annual revenue expectations after a challenging first half at its beauty business and online platform for third-party brands. THG, which owns online brands such as Lookfantastic and Myprotein, expects its annual revenue from continuing operations to come in flat or drop …
British e-commerce firm THG shares drop 18% after bleak revenue outlook Read More »
By Marine Strauss and Tassilo Hummel PARIS (Reuters) -Belgium said on Thursday it would review the potential health risks linked to Apple’s iPhone 12, becoming the latest European country to react after France ordered a halt to sales citing breaches of radiation exposure limits. Apple on Wednesday said the iPhone 12, launched in 2020, was …
Belgium reviews Apple’s iPhone 12 after France halts sales over radiation Read More »
By Dmitry Zhdannikov and Ron Bousso LONDON (Reuters) -BP CEO Bernard Looney’s abrupt resignation has thrown the British oil major into a leadership crisis with no groomed front-runner to succeed him, company and industry sources said on Wednesday. Several current and former BP insiders were seen as potential candidates to succeed Looney, who resigned as …
BP begins search for new CEO with no clear front-runner Read More »
By Huw Jones LONDON (Reuters) – The government should check that insurers are spending up to 100 billion pounds ($125 billion) on Britain’s economy after their capital rules were eased, Bank of England Deputy Governor Sam Woods said on Wednesday. Britain is rolling back capital rules for insurers from later this year and the industry …
Bank of England tells UK to hold insurers to account on infrastructure Read More »
By Mathieu Rosemain and Elizabeth Pineau PARIS (Reuters) -Apple defended its iPhone 12 model on Wednesday after a French watchdog ordered a halt to its sales citing breaches of European Union radiation exposure limits. The French move raised the prospect of further bans in Europe. Germany’s network regulator BNetzA said it might launch similar proceedings …
Apple disputes French findings, says iPhone 12 meets radiation rules Read More »
