(Refiles with no changes to text) PARIS (Reuters) -Carrefour, Europe’s largest food retailer, said on Wednesday that it kept its 2025 financial goals intact although sales growth slowed in the core French and Brazilian markets in the third quarter. Finance Chief Matthieu Malige however told reporters during a call that grocery demand had been robust …
Carrefour Q3 sales growth slows, keeps 2025 financial goals Read More »
By Mathias de Rozario (Reuters) -French tyre maker Michelin reported a 6.6% decline in sales in the third quarter of the year, below market expectations, citing worse-than-expected business conditions in the North American market The group’s sales came in at 6.25 million euros ($7.29 million) compared to 6.34 million euros in a company-provided consensus. “The …
Michelin sales hit by worse than expected North American market Read More »
By Emma Rumney LONDON (Reuters) -Dutch brewer Heineken warned on Wednesday its 2025 beer sales would fall as macroeconomic challenges worsened, further downgrading its volume guidance from the previous quarter for which it was punished. The world’s No. 2 brewer and its rivals have been battling to restore lacklustre volume growth for years. While brewers …
Heineken to sell less beer in 2025 as demand falters Read More »
By Max A. Cherney SAN FRANCISCO (Reuters) -Google said it has developed a computer algorithm that points the way to practical applications for quantum computing and will be able to generate unique data for use with artificial intelligence. The new algorithm called Quantum Echoes, which runs on the company’s quantum chip, is 13,000 times faster …
Google says it has developed landmark quantum computing algorithm Read More »
By Lawrence White LONDON (Reuters) -Barclays announced a surprise share buyback and upgraded a key profitability target for the year, as confidence in its income and cost-cutting progress outweighed fresh provisions and underperformance in its investment bank. The British bank set aside another 235 million pounds to cover a motor finance mis-selling scandal and said …
Barclays unveils $670 million buyback, even as one-off charges hurt profits Read More »
(Reuters) -Britain’s Unite union said on Wednesday its members are taking strike action at defence giant BAE Systems’ Warton and Samlesbury sites after rejecting a 3.6% pay offer that the union described as a real-terms wage cut. Unite members in four sections, including manufacturing and quality control, will take their first phase of strike action …
BAE Systems faces Unite strike after 3.6% pay offer rejected Read More »
By Suban Abdulla LONDON (Reuters) -Yields on British government bonds fell sharply across maturities on Wednesday as investors bet that unexpectedly steady inflation data will prompt the Bank of England to cut interest rates at the end of this year. Yields on short-term UK government bonds hit their lowest since the run-up to finance minister …
UK gilt yields fall as investors ramp up rate cut bets after steady inflation Read More »
MOSCOW (Reuters) -Russia is set to deliver around 750,000 barrels, or 100,000 metric tons, of a mix of Arctic heavy ARCO oil and gas condensate, a type of light oil, to Syria’s Banias port, traders said and LSEG data showed. Russia has long considered Syria as a key gateway for its trade and military operations …
Russia to deliver oil and condensate cargo to Syria, according to LSEG and traders Read More »
By Paul Sandle LONDON (Reuters) -Britain on Wednesday moved to loosen the grip of Apple and Google in smartphones by designating them as having “strategic market status”, giving it the power to demand specific changes to boost competition. The Competition and Markets Authority said Apple iOS and Google’s Android platforms were used by millions of …
Britain takes aim at Apple and Google’s dominance in smartphones Read More »
By Ashitha Shivaprasad LONDON (Reuters) -In London’s historic Hatton Garden, where diamonds have long been the star, gold is commanding more attention. The famed jewellery district is abuzz with customers seeking bullion bars and coins, broadening the investor pool for tangible assets. “There’s a mix of buying and selling gold, but buying is definitely stronger. …
Western retail demand for gold surges in rush for hard assets Read More »
