By Lucy Raitano LONDON – A depressed British pound struggled for direction against the dollar on Friday, staying near more than two-year lows as nagging recession fears and political uncertainty weighed on sentiment. The pound was up 0.08% to $1.18350,, but wasn’t far off a low of $1.1761 hit on Thursday – its lowest since …
Sterling struggles to pull away from March 2020 low Read More »
(Reuters) -Norway’s Elopak, a global supplier of carton packaging and filling equipment, said on Friday it had agreed to sell its Russian unit JSC Elopak to its local management. It joins a long list of Western companies that have sold their Russian operations to local management following Moscow’s invasion of Ukraine. The company said the …
Norway’s Elopak sells Russian operations to local management Read More »
By Federica Mileo and Augustin Turpin (Reuters) -Dutch digital mapping group TomTom on Friday confirmed its revenue and cashflow guidance for 2022 and 2023, boosting its shares, after reporting a bigger-than-expected second-quarter loss, citing high inflation and strained supply chains. The confirmation of TomTom’s guidance helped to drive the company’s shares up more than 12%, …
TomTom sticks with revenue and cashflow guidance, giving shares a boost Read More »
By Francesco Guarascio BRUSSELS (Reuters) -The European Commission is set to adopt on Friday its seventh package of sanctions against Russia, which will add a ban to the import of Russian gold and tweak existing restrictive measures to avoid hampering food exports, two officials told Reuters. The new measures are considered “a maintenance and alignment …
EU to adopt on Friday new Russia sanctions, tweaks to avert food shortages – sources Read More »
LONDON (Reuters) – Amazon.com said it would recruit 4,000 workers in Britain this year, including at fulfilment centres in Wakefield and Knowsley, taking its permanent workforce to 75,000 and making it one of the country’s top-10 private-sector employers. The company, which held its biggest ever “Prime Day” global shopping event on July 12 and 13, …
Amazon to create 4,000 jobs in Britain this year Read More »
By Susan Mathew (Reuters) -Automakers and retail stocks on Friday led a rebound in European shares from a two-day rout that saw investors grapple with shifting expectations of U.S. interest rate hikes, a political crisis in Italy and recession risks. Italian shares rose 1.4%, bouncing off 2-1/2 year lows hit in the previous session as …
European shares rebound with focus on Italian politics, earnings Read More »
MILAN (Reuters) – Shares in Italy’s Saipem on Friday dropped below the issue price for new stock in a cash call that fell short of the 2 billion euro ($2.01 billion) target the energy services firm was seeking from investors. Saipem sold its new shares at 1.013 euros each, at a ratio of 95 new …
Saipem shares fall below cash call issue price as banks prepare for stake sale Read More »
MILAN (Reuters) – Antonio Horta-Osorio, the former chairman of Credit Suisse, will take on a role as a senior adviser at Italy’s Mediobanca from August, the Italian financial services group said on Friday. Horta-Osorio left Credit Suisse in January after only nine months following an internal probe into his personal conduct, including breaches of COVID-19 …
Horta-Osorio returns with role at Italy’s Mediobanca Read More »
By Jonathan Stempel NEW YORK (Reuters) – Ben & Jerry’s and its parent, consumer products company Unilever Plc, plan to seek mediation over the disputed sale of the ice cream maker’s Israeli business to a local licensee. In a letter dated Thursday, a lawyer for Ben & Jerry’s said the companies wanted to “attempt to …
Ben & Jerry’s proposes to mediate Israel dispute with parent Unilever Read More »
(Reuters) – Thousands of users of Meta Platforms Inc’s Instagram on Thursday reported issues with the photo-sharing application, according to Downdetector.com. Nearly 24,000 users of Instagram were impacted by 5 pm ET, according to outage-tracking website Downdetector, which collates status reports from a number of sources in the United States. Meta did not immediately respond …
Instagram down for thousands of users – Downdetector Read More »
