Reuters UK Business

(Reuters) -Britain’s FTSE 100 closed higher on Wednesday, reaching a one-week peak, as expectations of a U.S. Federal Reserve interest rate cut buoyed demand for risk assets globally. The blue-chip index finished 0.2% higher, marking its third consecutive day of gains, while the domestically focused midcap FTSE 250 index ended little changed. European bourses outperformed …

FTSE 100 ekes out gains amid global rally on US rate cut optimism Read More »

(Reuters) -Walmart is expanding its 10% employee discount to nearly all of its grocery items, including dairy and meat, through the year, the company’s chief people officer told its staff in a letter on Wednesday. The discount, previously limited to fresh produce and general merchandise such as apparel, now extends to almost all food categories …

Walmart broadens 10% staff discount to include most grocery products Read More »

MILAN (Reuters) – Mediobanca defended on Wednesday its move to bring forward to next week a shareholder decision on its bid for Banca Generali, saying that an early vote was needed for investors to pick the best option for the bank. Mediobanca announced its plan to buy Banca Generali in April and create Italy’s second …

Mediobanca says next week’s vote needed for investors to have a choice Read More »

By Twesha Dikshit, Purvi Agarwal and Sukriti Gupta (Reuters) -European shares closed higher on Tuesday on optimism about the U.S.-China tariff truce and interest rate cuts by the U.S. Federal Reserve, while declines in heavyweight technology stocks limited gains. The pan-European STOXX 600 index closed 0.2% higher a day after starting the week lower. Investors …

European shares close higher as US-China tariff truce, US data buoy sentiment Read More »

By Rashika Singh (Reuters) -CoreWeave shares fell 11% on Wednesday after the Nvidia-backed company posted a bigger-than-expected loss, raising doubts about its ability to keep costs under check amid robust AI demand. The AI infrastructure firm’s operating expenses jumped nearly fourfold to $1.19 billion in the second quarter, underscoring the tension between its rapid revenue …

CoreWeave shares drop as growing losses eclipse AI demand surge Read More »