MILAN (Reuters) – Italian luxury goods group Armani posted a 20% increase in sales at constant currencies in the first half, after swinging to an operating profit in 2021 as revenues returned above pre-pandemic levels in the second part of the year. Revenues “now constantly exceed the levels achieved in 2019, thus setting the stage …
Armani revenues up 20% in H1 after 2021 recovery Read More »
ROME (Reuters) – Foreign investors’ holdings of Italian government bonds fell in May, central bank data showed on Wednesday. In its monthly balance of payments publication, the Bank of Italy said foreigners had decreased their exposure to Italian government bonds by 11.7 billion euros ($11.97 billion) in May. ($1 = 0.9774 euros) (Reporting by Antonella …
Foreign holdings of Italian govt bonds down by 11.7 billion euros in May Read More »
MOSCOW (Reuters) – Russian gas flows via the Nord Stream 1 pipeline are likely to restart on time on Thursday after the completion of scheduled maintenance but at lower than its full capacity, two Russian sources familiar with the export plans told Reuters. The pipeline, which accounts for more than a third of Russian natural …
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) – UK’s benchmark FTSE 100 index rose on Tuesday as a buoyant global mood and strong gains by banks and consumer staples offset fears of a big interest rate hike next month after stronger-than-expected jobs data. The blue-chip FTSE 100 reversed early losses and gained 1.0%, while …
Financials, consumer staples boost FTSE 100; BoE rate hike bets rise Read More »
By Tom Hals and Sheila Dang (Reuters) -Twitter Inc will get an October trial in its legal fight to hold Elon Musk to his $44 billion takeover, after a Delaware judge said on Tuesday the social media company deserved a quick resolution of the deal’s uncertainty. The ruling is a blow to Musk, who pushed …
Twitter gets fast-tracked Elon Musk trial over $44 billion deal Read More »
(Reuters) – A Google Cloud data center in London faced an outage on Tuesday, according to an update on the Alphabet Inc unit’s status page, as temperature in the UK soared to a record high. Google Cloud said it was a “cooling related” failure at one of the buildings and began at 1:13 pm ET …
Google Cloud data center in London faces outage on UK’s hottest day Read More »
By Mathieu Rosemain and Leigh Thomas PARIS (Reuters) -France’s government is offering to pay 9.7 billion euros ($9.85 billion) to take full control of EDF, in a buyout deal that gives it a free hand to run Europe’s biggest nuclear power operator as it grapples with a continent-wide energy crisis. The finance ministry said in …
France to pay $10 billion to take full control of EDF Read More »
LONDON (Reuters) – The London Stock Exchange Group said on Tuesday it has launched a taskforce to drive through financial reforms announced by British government to buttress the capital’s attraction for global investors. The UK Capital Markets Taskforce includes chief executives, chairs and industry leaders to help ensure the “UK is the place where great …
New British financial taskforce to help embed market reforms Read More »
By David Milliken LONDON (Reuters) – Britain’s biggest public-sector pay increases in nearly 20 years will not fuel price pressures, finance minister Nadhim Zahawi said on Tuesday, in a speech where he said fighting inflation was “a moral imperative”. Earlier on Tuesday, Britain’s government announced pay rises of about 4% to 5% for more than …
UK’s Zahawi: higher public-sector pay won’t fuel inflation Read More »
By Huw Jones LONDON (Reuters) -British financial regulators will have to promote the global competitiveness of the country’s financial sector, though a plan for more government oversight of their work has been put on hold for now, finance minister Nadhim Zahawi said on Tuesday. Zahawi confirmed that a long-awaited financial services and markets bill would …
Britain kicks off post-Brexit ‘transformation’ of finance Read More »
