MILAN (Reuters) – Drugmakers Dechra and Hikma, along with retailer Marks & Spencer and technical products provider Diploma are set to join the UK’s blue-chip FTSE 100 index in September, indicative changes announced by FTSE Russell show. Asset manager abrdn, autocatalyst maker Johnson Matthey, housebuilder Persimmon and electronic products provider RS Group will likely be …
Dechra, Hikma, M&S and Diploma set to join FTSE 100 Read More »
(Reuters) – Reckitt Benckiser Group said on Wednesday Chief Financial Officer Jeff Carr will retire in March and be replaced by Nike’s Shannon Eisenhardt. (Reporting by Sinchita Mitra in Bengaluru; Editing by Sherry Jacob-Phillips)
(Reuters) – Elon Musk is pushing to change how news links appear on his social media platform X, formerly called Twitter, in a move that could potentially undermine the ability of news publishers to draw audience. X is planning to remove the headline and text while retaining just the lead image from links to news …
Elon Musk’s X plans to remove headlines from links to news articles Read More »
By Luc Cohen and Jody Godoy NEW YORK (Reuters) -FTX cryptocurrency exchange founder Sam Bankman-Fried is “subsisting on bread and water” because the federal jail where he is being held ahead of his fraud trial has not provided him with a vegan diet as he requested, his lawyer said on Tuesday. Bankman-Fried, 31, pleaded not …
FTX’s Bankman-Fried ‘subsisting on bread and water’ in jail, lawyer says Read More »
LONDON (Reuters) – Britain’s data regulator on Tuesday said it would contact companies as part of a plan to combat “text pests” who illegally proposition customers using personal information provided in a business context. Launching a fact-finding exercise on the problem, the Information Commissioner’s Office (ICO) said nearly a third of young people had received …
UK regulator seeks to stamp out “text pests” who proposition customers Read More »
NEW YORK (Reuters) – Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding to financial risks in developing economies, according to a paper from the Bank for International Settlements. “Cryptoassets hold out the illusory appeal of being a simple and quick solution for financial …
Cryptoassets increase risk in developing economies, study says Read More »
By Kate Holton and Paul Sandle LONDON (Reuters) -“Call of Duty” maker Activision Blizzard will sell its streaming rights to Ubisoft Entertainment in a fresh attempt to win approval from Britain’s anti-trust regulator for its $69 billion sale to Microsoft. Shares of Activision were trading 1.1% higher, while Microsoft was up 0.7% before noon in …
Microsoft, Activision to sell streaming rights to secure biggest video gaming deal Read More »
By Bhanvi Satija (Reuters) -Medtronic on Tuesday raised its annual profit forecast as the return of non-urgent surgery volumes to pre-pandemic levels boosted demand for its medical devices, sending its shares up 3%. Medtronic, which makes pacemakers, catheters and other tools used in heart and gastrointestinal surgeries, joins rivals, including Abbott Laboratories, Stryker and Boston …
Medtronic raises profit forecast as surgeries return to pre-pandemic levels Read More »
By Ankika Biswas and Shashwat Chauhan (Reuters) -European shares extended their rebound on Tuesday as chipmakers led a rally in technology stocks ahead of Nvidia’s earnings, while Ubisoft touched a three-week high on “call of duty” maker Activision’s plans to sell streaming rights to it. The pan-European STOXX 600 closed up 0.7%, after rising as …
European shares extend comeback as chipmakers rally; Ubisoft hits 3-week high Read More »
By Shreyashi Sanyal and Khushi Singh (Reuters) -Britain’s blue-chip FTSE 100 index climbed off six-week lows on Tuesday, powered by gains in beaten-down cyclical sectors, while shares of John Wood Group advanced after the company raised its annual profit outlook. The FTSE 100 was up 0.2% while the midcap FTSE 250 index gained 0.7%. Both …
Cyclical stocks lift UK equities off six-week lows; Wood Group rises Read More »
