By James Davey LONDON (Reuters) -The British arm of German discount supermarket Lidl on Thursday said more shoppers were switching to it from traditional grocers during the cost-of-living crunch as it reported a rise in full-year profit. Britons are struggling with rising living costs that show no sign of easing. With inflation at a 41-year …
Lidl GB says more shoppers switching to it as profit rises Read More »
(Reuters) – Fuller, Smith & Turner expects a robust Christmas period and an added boost from the upcoming football World Cup, the UK pub operator said on Thursday. However, the company warned of continued pressure from high inflation, steep energy bills and interest rate hikes. For the half year, Fuller’s reported a 20% rise in …
Pub group Fuller’s expects robust Christmas period Read More »
(Reuters) – Luxembourg-based Canaima Fund Lux has launched an investment vehicle that aims to pool European holders of defaulted bonds issued by Venezuela and its state-owned oil firm Petroleos de Venezuela (PDVSA) ahead of possible legal action against the government. The South American nation suspended payments in 2017 to holders of many government bonds as …
Europe fund launched to pool Venezuela bondholders Read More »
By David Shepardson WASHINGTON (Reuters) – Tesla Inc told U.S. auto safety regulators it has reports of two new crash fatalities in Model 3 cars tied to advanced driver assistance systems in the month ending October 15, data released Tuesday by the government shows. The National Highway Traffic Safety Administration (NHTSA) in June began releasing …
Tesla reports two new fatal crashes involving driver assistance systems Read More »
BRUSSELS (Reuters) – EU antitrust regulators are opening an in-depth investigation into online travel agency Booking Holdings Inc’s (BKNG.O) 1.63-billion-euro ($1.7 billion) bid for Sweden-based eTraveli Group. The European Commission, which oversees competition policy in the 27-member European Union, said on Wednesday that it had given itself until March 31 to take a decision on …
EU opens in-depth study of Booking bid for Sweden’s etraveli Read More »
By Silvia Aloisi PARIS (Reuters) -Air France-KLM on Wednesday raised just over 300 million euros ($312 million) by issuing subordinated bonds convertible into stock, seeking to strengthen its capital and pay back state aid but sending its shares plummeting. The shares plunged 13% shortly before the market close due to investor concerns about potential dilution …
Air France raises 300 million euros with convertible bond issue Read More »
DUBLIN (Reuters) – Flutter sees revenue at its rapidly growing and market leading U.S. Fanduel business jumping by 4.5 to 5-times over the long term, the world’s largest online betting firm said on Wednesday. Flutter, which upgraded its full-year revenue guidance for Fanduel to between $2.95 billion to $3.2 billion last week, told investors that …
Flutter sees five-fold jump in revenue at U.S. Fanduel unit long term Read More »
By Kate Abnett SHARM EL-SHEIKH, Egypt (Reuters) – The European Commission plans to propose a cap on natural gas prices after Nov. 24, as it seeks to contain an energy crisis stemming from Russia’s invasion of Ukraine, the EU’s energy policy chief told Reuters on Wednesday. The 27-country European Union has for months debated whether …
EU to propose natural gas price cap after Nov. 24 meeting Read More »
PARIS (Reuters) – Air France-KLM on Wednesday said its latest bonds offering, aimed at strengthening its capital and paying back state aid, was multiple times oversubscribed and raised around 305 million euros ($316.22 million). Major shareholder CMA CGM, a shipping company, participated in the issue pro rata to its 9% equity stake in the company, …
Air France: Latest bonds issue multiple times oversubscribed Read More »
By Shashwat Chauhan, Shristi Achar A and Bansari Mayur Kamdar (Reuters) – The FTSE 100 fell on Wednesday in choppy trading as weakness in mining stocks weighed on the commodity-heavy index, while hotter than expected inflation data highlighted a severe cost of living crisis and dragged the retail sector lower. The blue-chip FTSE 100 closed …
FTSE 100 slips as miners slide, inflation hits 41-year high Read More »
