Reuters UK Business

(Reuters) – Struggling British banknote printer De La Rue Plc warned its fiscal 2023 profit was set to miss market expectations and next year’s outlook was uncertain, as demand for cash hit its lowest in over two decades, sending shares to a record low. The company said it was talking to lenders about amending its …

Britain’s De La Rue warns on profit as demand for cash tumbles Read More »

By Gwladys Fouche OSLO (Reuters) -A court in Oslo on Wednesday began hearing a gender discrimination case brought by an employee at Norway’s $1.4 trillion sovereign wealth fund against her employer. Elisabeth Bull Daae, head of trading analytics at Norges Bank Investment Management, is suing the unit of the central bank managing the fund for …

Norway wealth fund employee sues for workplace gender discrimination Read More »

By Noele Illien ZURICH (Reuters) – Swiss lawmakers resumed their debate over the rescue of Credit Suisse on Wednesday, after parliament’s two chambers failed to reach an agreement a day earlier. The vote to approve the 109 billion Swiss francs ($120.82 billion) the government included as part of a rescue package for the Swiss bank …

Swiss parliament meets for a second day over Credit Suisse rescue Read More »

(Reuters) -Mercedes-Benz Group sales rose moderately in the first quarter of the year, boosted by electric vehicles (EV) and premium cars, the German carmaker said on Wednesday. Worldwide sales increased 3% to 503,500 vehicles, with Europe posting the strongest growth at 8%. The firm saw the biggest sales plunge in the rest of the world …

Mercedes posts rise in Q1 sales boosted by EVs, premium cars Read More »

By Tom Wilson (Reuters) – The software that underpins the second-biggest crypto coin ether is due for a software upgrade on Wednesday that will give investors access to more than $30 billion of the digital tokens. Known as Shapella, the latest upgrade to the Ethereum blockchain will enable investors to redeem an offshoot of ether …

Ethereum upgrade to unlock over $30 billion in crypto tokens Read More »

By Shubham Batra (Reuters) – European shares were subdued on Wednesday as investors remained cautious ahead of U.S. inflation data that is expected to provide more clues on Federal Reserve’s policy decision next month. The pan-European STOXX 600 index inched up 0.1%. Utilities led the gains, rising 0.70%, while technology shares slid 1.0%. Miners lost …

European shares muted ahead of US inflation data Read More »

(Reuters) -DP Eurasia, which runs the Domino’s Pizza brand in Turkey and Russia, on Wednesday said it was still weighing options for its Russian business after reporting a rise in its annual core profit as it hiked prices to offset high inflation. DP said it continued to evaluate its presence in Russia, including a possible …

Pizza firm DP Eurasia delivers profit rise, evaluating Russian business Read More »

By Terje Solsvik OSLO (Reuters) – AB Volvo reported record first-quarter profit, a preliminary filing showed, as the truck maker boosted its revenue and margins despite supply bottlenecks and cost inflation, sending its shares up 9.6% in early trade on Wednesday. Its adjusted operating profit rose 45% to 18.4 billion Swedish crowns ($1.76 billion) for …

Truck maker Volvo posts record Q1 as sales, margins beat forecasts Read More »

NEW YORK (Reuters) – Euro zone inflation is at risk of getting entrenched above 2% so the European Central Bank will keep fighting excessive price growth, even as its policy response is shifting gears, French central bank chief Francois Villeroy de Galhau said. The ECB has raised rates by a combined 350 basis points since …

Euro zone inflation at risk of getting entrenched -ECB’s Villeroy Read More »