(Reuters) -European defence stocks jumped on Wednesday, giving a fresh boost to this year’s rally, after U.S. President Donald Trump, in a sudden and surprising rhetorical shift, said he believed Ukraine could retake all its land occupied by Russia. Kyiv should act now with Moscow facing “big” economic problems, Trump wrote on Truth Social on …
European defence stocks get boost from Trump’s Ukraine comments Read More »
LONDON (Reuters) -Nike’s new CEO Elliott Hill got a vote of confidence from one of its largest customers, British sportswear retailer JD Sports, whose finance chief said Nike was “doing all the right things” to revive demand. Hill, who was with Nike for more than three decades, returned as CEO in October to lead a …
Britain’s JD Sports says Nike ‘doing all the right things’ to lift sales Read More »
BERLIN (Reuters) -Mercedes-Benz announced changes to its top management on Wednesday, replacing chief technology officer Markus Schaefer with head of production Joerg Burzer, as it pursues cost efficiencies with a younger board. Burzer, aged 55, will assume responsibility for development and procurement and take on the CTO role from the beginning of December together, the …
Mercedes appoints new technology, production chiefs Read More »
(Reuters) -Package holiday provider On The Beach Group forecast annual profit to miss market expectations on Wednesday after the planned closure of its business-to-business unit and late summer booking trends clouded visibility, sending its shares down 20%. The company said it would wind down its B2B segment ‘Classic Collection’, which made a small loss in …
UK’s On The Beach flags annual profit miss on B2B unit closure, shares drop Read More »
(Reuters) -North Sea-focused oil producer EnQuest stuck to its full-year production forecast on Wednesday encouraged by its operational strength, despite reporting a first-half post-tax loss due to lower output and higher taxes. The company, like its peers, is grappling with Britain’s extended windfall tax on oil and gas producers, which raised the headline tax rate …
UK’s EnQuest sticks to production guidance despite first-half loss Read More »
(Reuters) -UK’s Beauty Tech Group said on Wednesday its parent Project Glow Topco’s initial public offering price has been set at 251 pence to 291 pence per share, implying a market capitalisation of 280 million pounds to 320 million pounds ($378 million to $432 million). Project Glow Topco is set to become the first company …
Beauty Tech Group seeks up to $432 million market value for parent’s London IPO Read More »
By James Davey LONDON (Reuters) -Britain’s JD Sports Fashion reported a 13.5% fall in first-half profit on Wednesday due to weakness in its key U.S. market and stuck to its full-year guidance, though the retailer flagged ongoing caution over the trading backdrop. The FTSE 100-listed sportswear retailer, which earns nearly 40% of its revenue in …
Britain’s JD Sports’ profit falls as US market struggles with weak demand Read More »
By Kate Holton LONDON (Reuters) -Two thirds of U.S.-based security chiefs at large technology companies say the threat of violence towards their executives has increased in the past two years, with many now providing protection for senior staff and their families. A survey of 2,352 security chiefs at large and medium-sized companies in 31 countries, …
Threats of violence against company executives on the rise, survey shows Read More »
A look at the day ahead in European and global markets from Gregor Stuart Hunter: Having passed through the autumn equinox to pumpkin-spiced latte season, it’s a little mysterious that markets have yet to encounter any of the weakness historically found this time of year. Until today, that is. Stocks are falling across Asia after …
LONDON (Reuters) -Pay settlements granted by British employers held at 3% in the three months to August but many firms are now offering smaller rises in response to their higher labour costs, according to figures from data firm Brightmine. Wednesday’s figures extended the run of 3% pay awards that start in early 2025, the longest …
UK pay deals hold at 3% with employers in cautious mood, Brightmine says Read More »
