Reuters UK Business

By Priyamvada C and Doyinsola Oladipo (Reuters) -Airbnb forecasts third-quarter revenue above market estimates on Thursday, but industry fears of softening U.S. domestic demand have sent the vacation rental firm’s shares down 4.2% in after-hours trading. The San Francisco-based company forecast revenue for the quarter between $3.3 billion and $3.4 billion, ahead of analysts’ average …

Airbnb forecasts revenue above estimates on rebound in international travel Read More »

By Jeffrey Dastin and Chavi Mehta (Reuters) -Amazon.com Inc on Thursday reported sales growth and profit ahead of Wall Street’s expectations, as the company delivered goods faster and cheaper to shoppers and as recent cloud-computing headwinds began to subside. Amazon’s shares surged nearly 7%, extending its stock market value by $90 billion in after-hours trading. …

Amazon’s outlook brightens on cloud, consumer sales lift Read More »

By Anirban Sen and Abigail Summerville NEW YORK (Reuters) – Private equity firms TDR Capital and Sycamore Partners are in talks to team up in their pursuit to acquire sandwich restaurant chain Subway, people familiar with the matter said on Thursday. Subway expects to fetch well over $9 billion in a deal, and it remains …

TDR, Sycamore in talks for joint Subway bid -sources Read More »

LONDON (Reuters) – Britain’s Wilko, a discount retail chain which sells homeware and household goods, is at risk of collapse after it filed a notice of intention to appoint administrators on Thursday, putting 12,000 jobs on the line if no buyer can be found. Wilko said it had received indicative offers to help recapitalise but …

UK retail chain Wilko at risk of collapse Read More »

By Milana Vinn NEW YORK (Reuters) – UBS Group AG has hired semiconductors banker Dmitri Anissimov from Barclays Plc, according to people familiar with the matter. Anissimov is expected to start at UBS in September and will be based out of its San Francisco office, the sources said, asking not to be identified because the …

UBS taps Barclays semiconductors banker Anissimov-sources Read More »

PARIS (Reuters) – Rothschild & Co, the Paris-listed investment bank being taken private by its owners, reported on Thursday a 10% fall in first-half sales, driven by a plunge in dealmaking activity. Sales over the first six months of the year totalled 1.24 billion euros ($1.36 billion), down from 1.38 billion a year earlier, the …

Rothschild & Co’s H1 sales fall 10% amid weak M&A activity Read More »

BERLIN (Reuters) – Shares of German chipmaker Infineon tumbled 10% on Thursday after it forecast fourth-quarter revenue would come in below market expectations, weighed down by weak demand from makers of personal computers and smartphones. While demand for chips used in computers and smartphones has weakened following the pandemic-era, work-from-home boost, chipmakers are investing in …

Infineon shares slump on Q4 warning, eyes Malaysia expansion Read More »

By Jonathan Cable LONDON (Reuters) -The downturn in euro zone business activity worsened more than initially thought in July as the slump in manufacturing was accompanied by a further slowing of growth in the bloc’s dominant services industry, a survey showed. HCOB’s final Composite Purchasing Managers’ Index (PMI), compiled by S&P Global and seen as …

Decline in euro zone business activity accelerated in July Read More »

By Maria Sheahan BERLIN (Reuters) -German airline group Deutsche Lufthansa on Thursday gave an upbeat forecast for travel demand, especially in lucrative premium classes, but its share price slumped as investors worried high costs could eat into profits. Unit costs at Lufthansa rose from a year earlier in the quarter through June, which comes after …

Lufthansa bolstered by leisure travel demand, but costs bite Read More »

By Huw Jones LONDON (Reuters) -London Stock Exchange Group reported mixed first-half results on Thursday, with investors looking beyond an 11.9% rise in total income to a 20% earnings per share drop and slowing subscriptions growth, sending its stock to a four-month low. Total income reached 4.179 billion pounds ($5.31 billion), and LSEG said revenue …

LSEG’s mixed first-half results send shares to 4-month low Read More »