(Reuters) – Fuller Smith & Turner said on Monday it expects its full-year earnings to come below market expectations, as several tube and train strikes affected the British pub operator’s sales. Sales during the four holiday weeks declined by 5% from the 2019 numbers due to the industrial strikes, the pub group said, adding that …
British pub group Fuller warns on annual profit as train strikes choke sales Read More »
OSLO (Reuters) – Swedish industrial technology group Hexagon said on Monday its adjusted fourth-quarter operating profit had risen 12% year-on-year to 418 million euros ($455.54 million) and that sales were up 15% in the same period. Analysts had on average expected an adjusted EBIT of 420 million euros, according to Refinitiv Eikon. The earnings, which …
Hexagon Q4 profit up 12%, results released after “unauthorised access” Read More »
AMSTERDAM (Reuters) -The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday. “Expect us to raise rates by 0.5% …
ECB set to raise rates by 50 bp in Feb and March, Knot says Read More »
(Reuters) – The Netherlands remains convinced of the need to close production at Groningen, once one of Europe’s largest gas fields, by October following earthquake risks which made it dangerous to keep operating, the Financial Times (FT) reported on Sunday citing a government official. Mining Deputy Minister Hans Vijlbrief said he would stick to the …
Netherlands sticks to plan to close Groningen gas field by October – FT Read More »
By Andrea Shalal DAKAR (Reuters) – Western countries are working to structure price caps on Russian refined petroleum products to ensure continued flow of Russian diesel, but the markets are complicated and there is a chance things do not go to plan, Treasury Secretary Janet Yellen said. Group of Seven countries and Australia implemented a …
Yellen says setting price caps on Russian refined oil products ‘complicated’ Read More »
DAKAR (Reuters) – U.S. Treasury Secretary Janet Yellen on Saturday underscored the urgent need to reduce the debt burden of heavily indebted countries, warning that failure to do so would set back development in poor countries and could lead to more war, fragility and conflict. Yellen told reporters traveling with her in Africa that she …
(Reuters) – Twitter owner Elon Musk tweeted on Saturday that a higher priced subscription of the social media platform will not carry advertisements. The billionaire also said that ads are “too frequent on Twitter and too big,” and that steps will be taken to address those issues in coming weeks. Twitter did not immediately respond …
Musk says higher priced Twitter subscription won’t carry ads Read More »
By Marc Jones LONDON (Reuters) – The OPEC Fund for International Development, a development institution established by the Organization of the Petroleum Exporting Countries’ member governments nearly 50 years ago, has raised $1 billion by selling its first ever bond. With the money earmarked for food security, healthcare, infrastructure, education, employment and renewable energy projects, …
OPEC development fund raises $1 billion with first ever bond Read More »
LONDON (Reuters) -British supermarket chain Asda could be merged with petrol forecourts business EG Group under plans being explored by the owners of both companies, the London-based Times reported on Saturday. The combination would create a retail giant worth between 11 billion and 13 billion pounds ($13.6 billion-$16.1 billion) which would have more than 581 …
Owners of UK supermarket Asda and EG Group considering merger – The Times Read More »
FRANKFURT (Reuters) – U.S. power chip maker Wolfspeed Inc is planning to build a factory in Germany for more than 2 billion euros ($2.17 billion), Handelsblatt reported on Saturday. The German auto supplier ZF will hold a minority stake, the business newspaper said, citing unidentified sources familiar with the project. Production should begin in four …
Wolfspeed plans multi-billion dollar chip factory in Germany – Handelsblatt Read More »
