By Shashwat Awasthi and Emma Rumney LONDON (Reuters) -Diageo reported a smaller than expected fall in annual profit on Tuesday and said it expected to have a permanent new CEO by October, soothing investor concerns in a tough time for the spirits sector and driving its shares up nearly 7%. The world’s top spirits maker, …
Investors cheer Diageo’s flat results in tough spirits market Read More »
By Elena Fabrichnaya MOSCOW (Reuters) -A Russian court has lifted interim measures that effectively banned Austria’s Raiffeisen Bank International from selling its Russian subsidiary, RBI and a lawyer for the bank’s Russian unit, Raiffeisenbank, told Reuters on Tuesday. The court’s decision could bring RBI closer to finding a way to exit Russia, which the bank …
Russian court lifts temporary freeze of Raiffeisen shares in Russian unit Read More »
By Tatiana Bautzer NEW YORK (Reuters) -Wall Street stock and bond traders can expect their bonuses to jump 10% to 30% this year as they cashed in on turbulent markets, according to a quarterly report by compensation consultancy Johnson Associates. “All the uncertainty around the tariffs and the continuous upheaval favors volatility and traders,” said …
By Marleen Kaesebier (Reuters) -The outlook for European corporate health has further improved, the latest earnings forecasts showed on Tuesday, after the European Union struck a framework trade deal with the U.S. a little more than a week ago. European companies are expected to report average growth of 3.1% in second-quarter earnings, LSEG I/B/E/S data …
European Q2 corporate profit outlook improves after U.S. trade deal Read More »
ROME (Reuters) -Employees at fashion house Gucci in Italy are threatening strike action, accusing the Kering-owned brand of denying them a welfare bonus, Italian trade unions said on Tuesday. Around 1,000 retail and logistics employees across Italy declared a “state of unrest”, the unions said, which under Italian labour laws is a form of industrial …
Gucci staff in Italy take industrial action over welfare payment dispute Read More »
By Shadia Nasralla LONDON (Reuters) -BP will launch a review of how best to develop and monetise its oil and gas production assets and consider more cost cuts to boost shareholder returns, the oil major said on Tuesday, as it beat second-quarter profit expectations. BP, under pressure from investors after years of underperforming rivals and …
BP vows to do better for investors as profit tops forecast Read More »
OSLO (Reuters) -Norway’s government said on Tuesday it had ordered a review of its sovereign wealth fund portfolio to ensure that Israeli companies contributing to the occupation of the West Bank or the war in Gaza were excluded from investments. The review followed a report by the Aftenposten daily that said the $1.9 trillion fund …
Norway to review sovereign wealth fund’s Israel investments Read More »
MILAN (Reuters) -Italy’s De Agostini group has agreed to sell its alternative investment business to Green Arrow Capital, exiting the sector after 15 years as part of a broader rebalancing of its investment portfolio, the two companies said on Tuesday. The 124-year-old De Agostini group, backed by Italy’s Drago and Boroli families, has evolved from …
Italy’s De Agostini group sells alternative investment business to Green Arrow Read More »
(Reuters) -Italian construction group Buzzi on Tuesday lowered its 2025 guidance after reporting like-for-like sales which rose 6.5% to 2.19 billion euros ($2.53 billion) in the first six months of the year. For 2025, Buzzi now expects to achieve a recurring earnings before interest, tax, depreciation and amortisation (EBITDA) in the range of 1.1–1.2 billion …
Italian construction group Buzzi lowers 2025 guidance Read More »
(Reuters) -Contract chipmaker GlobalFoundries forecast revenue and profit for the third quarter below Wall Street estimates on Tuesday, as it grapples with a slow recovery in demand from clients in the consumer electronics market. Shares of the world’s third-largest chip foundry, already down around 15% this year, fell another 6% in premarket trading. U.S. tariff-led …
GlobalFoundries forecasts hit by slow smartphone demand recovery, shares fall Read More »
