LONDON (Reuters) -The British arm of German discount supermarket Aldi has edged up its pay for over 28,000 hourly paid workers for the second time in two months, leapfrogging an increase by rival Lidl GB. Aldi said on Friday it would pay 13.02 pounds ($17.59) an hour “to maintain its position as sector leader.” The …
Aldi’s workers in UK get second pay rise in two months Read More »
By David French NEW YORK (Reuters) -Fenchurch Advisory Partners, a boutique investment bank focused on the financial services industry, is hiring Gautam Chawla as co-head of its operations in the United States, people familiar with the matter said on Thursday. Chawla will join the firm in November from Barclays, where he has been serving as …
Boutique investment bank Fenchurch hires Barclays’ Chawla as US co-head, sources say Read More »
(Reuters) -Ulta Beauty raised its annual sales and profit forecast after topping quarterly sales estimates on Thursday, banking on steady demand for makeup and skincare brands at its stores as well as lower inventory losses. Shares of the company were up 6% in trading after the bell. The company saw stronger store sales, fueled by …
Ulta Beauty shines after annual forecast hike on steady demand, UK expansion Read More »
By Yamini Kalia (Reuters) -Britain’s financial watchdog is investigating Drax Group’s biomass sourcing disclosures following last year’s investigation by the country’s energy regulator, sending its shares down more than 12% on Thursday. Drax, which supplies about 5% of Britain’s electricity via biomass-converted coal plants and has received billions of pounds in green energy subsidies from …
UK’s FCA investigates energy company Drax over biomass sourcing disclosures Read More »
(Reuters) -Applied Materials CFO Brice Hill said on Thursday recent news at chipmakers’ foundry units including Intel will not change its forecast for high-end chipmaking tools demand. The U.S. government’s move to take about 10% equity stake in Intel, which is a customer of Applied Materials, sparked questions about the outlook for corporate America after …
Applied Materials CFO says government-backed foundry moves to not change forecast Read More »
By Abigail Summerville -Premium baby diaper brand Coterie, which counts models and entrepreneurs Karlie Kloss and Ashley Graham as investors, is in talks to sell itself to consumer goods company Mammoth Brands, according to people familiar with the matter. Privately held Mammoth owns men’s razor company Harry’s and women’s body care brand Flamingo. Coterie sells …
Celebrity-backed diaper maker Coterie nears sale to Mammoth Brands, sources say Read More »
(Reuters) -Meta Platforms CEO Mark Zuckerberg had visited U.S. President Donald Trump last week to discuss the threat of digital service taxes, Bloomberg News reported on Thursday, citing people familiar with the private meeting. Days after the meeting, Trump threatened countries that have digital taxes with “subsequent additional tariffs” on their goods if those nations …
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission proposed on Thursday removing duties on imported U.S. industrial goods in return for reduced U.S. tariffs on European cars, a key part of the trade agreement the EU and the United States struck last month. The proposals mark the EU’s first step in enacting the framework agreement …
EU to scrap tariffs on US goods to pave way for lower car duties Read More »
By James Davey MIDDLE DUNTISBOURNE, England (Reuters) -On David Barton’s beef farm in the picturesque Cotswolds in western England, months of heat and drought have left his 200 head of Salers, Herefords and Sussexes with nothing but parched fields to pick at. “Look, it’s dust,” he said, kicking the ground. “This is what you would …
Drought leaves UK beef farmers scrambling to feed hungry herds Read More »
MILAN (Reuters) -Italy’s UniCredit said on Thursday it has increased its stake in Greece’s Alpha Bank to nearly 26% after entering into financial instruments for an additional 5% holding. The impact on UniCredit’s core capital will be around 65 basis points, the Italian lender said. UniCredit became Alpha Bank’s main shareholder in late 2023, buying …
