By Prerna Bedi (Reuters) -British bookmaker 888 Holdings said on Tuesday it expects its annual revenue decline to be at the top end of its forecast low-to-mid-single-digit range on a slow recovery in the Middle East, sending its shares down 4%. The company posted a 7% drop in first-half revenue to 881.6 million pounds ($1.12 …
Bookmaker 888 sees 2023 revenue decline towards upper end of range Read More »
By Carolyn Cohn and Eva Mathews LONDON (Reuters) -British life insurer and asset manager Legal & General recorded a 10% drop in assets under management in the year to end June, it said on Tuesday, overshadowing a first-half operating profit beat and sending its shares lower. High inflation and interest rates have hit asset values …
High interest rates hit Legal & General assets, shares fall Read More »
MOSCOW (Reuters) -The rouble gave up early gains on Tuesday in volatile trade after the central bank hiked rates by 350 basis points to 12%, a move that was baked into market expectations after the bank called an emergency meeting to head off heavy currency losses. The extraordinary rate meeting came after the rouble plummeted …
Russia’s rouble gives up intraday gains after 350 bp emergency rate hike Read More »
By James Davey (Reuters) -British retailer Marks & Spencer raised its profit outlook on Tuesday, saying demand in stores had helped it to win new customers for its clothing, home and food businesses, sending its shares up sharply. The 139-year old group, whose shares have risen 66% so far this year, said it now expected …
Britain’s M&S raises profit outlook after strong trading Read More »
By Huw Jones LONDON (Reuters) – Britain’s Financial Conduct Authority said on Monday it will ask lawmakers to report any problems they have opening or maintaining a bank account ahead of a formal investigation. The review is part of a wider look at “debanking”, which recently became a political issue after former Brexit Party leader …
UK watchdog kicks off ‘politically-exposed persons’ review Read More »
BERLIN (Reuters) – Germany’s economy is not likely to see a sustained recovery in the coming months based on early indicators such as new orders and business climate, the economy ministry said on Monday. “On the domestic front, the expected cautious recovery in private consumption, services and investment is showing the first signs of hope, …
No sustained recovery on horizon for German economy -econ min Read More »
MOSCOW (Reuters) -The tumbling rouble reversed course late on Monday, rising back to the strong side of 100 against the dollar after Russia’s central bank sparked expectations of another hefty rate hike in announcing an extraordinary policy meeting for Tuesday. President Vladimir Putin’s economic adviser earlier rebuked the central bank as the rouble slid past …
Tumbling rouble claws back ground as central bank to meet Read More »
(Reuters) – Netflix will test games on select TVs and computers in a first step to make them playable on more devices, the company’s vice president of Games Mike Verdu wrote in a blog post on Monday. The company is rolling out a limited beta test to a small group of members in Canada and …
Netflix to make its games playable on more devices Read More »
(Reuters) – The British audit firm Crowe UK, an executive and top auditor have agreed to pay nearly $800,000 to settle charges they falsely claimed to have properly audited a business that went public despite having little to no revenue, Wall Street’s top regulator announced on Monday. The settled charges against the London-based audit firm, …
US SEC fines UK firm Crowe over audit of music streaming business Read More »
By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) -Exor NV, the investment arm of Italy’s Agnelli family, has become the top investor in Philips by buying 15% of the healthcare technology group for about 2.6 billion euros ($2.8 billion), the companies said. The deal is a welcome vote of confidence in the Dutch company, …
Agnelli family’s Exor buys $2.8 billion stake in Philips Read More »
