By Shubham Batra and Roshan Abraham (Reuters) -Britain’s equity indexes rose on Thursday as global markets cheered data that allayed concerns of a recession in the United States, while the UK economy grew in line with expectations. The blue-chip FTSE 100 closed 0.8% higher and the midcap FTSE 250 added 0.7%, both rising for a …
FTSE 100 rises as investors cheer easing US recession fears Read More »
By Ankika Biswas and Pranav Kashyap (Reuters) -Technology and bank shares led Europe’s benchmark stock index more than 1% higher on Thursday, with risk appetite boosted by strong U.S. retail sales data that eased fears of a slowdown in the world’s largest economy. The pan-European STOXX 600 closed at a two-week high, up 1.2% on …
European shares led higher by tech, banks as US slowdown fears ease Read More »
By Dimitri Rhodes and Olivier Sorgho (Reuters) -Payments company Adyen beat half-year core profit expectations on Thursday as it gained market share and slowed hiring, sending its shares up 12%. The digital payments sector faces pressures from lower post-pandemic consumer spending, but Adyen has outpaced peers with the help of clients such as U.S.-based Cash …
Adyen tops profit forecast on market expansion and slower hiring Read More »
(Reuters) -Carrier Global Corp said on Thursday it would sell its commercial and residential fire business to an affiliate of private equity firm Lone Star Funds in a deal valued at $3 billion, pressing ahead with the divestment of non-core assets to focus on its heating and cooling equipment businesses. The company sold its industrial …
Carrier Global to sell commercial and residential fire business in $3 billion deal Read More »
LONDON (Reuters) – Aldi UK, Britain’s fourth largest supermarket group, is to end its click and collect service that was introduced at the height of the pandemic, the company said on Thursday. Launched in September 2020, the service was initially introduced in response to the online grocery shopping boom that was fuelled by the COVID-19 pandemic lockdowns. …
LONDON (Reuters) – British workers produced 0.1% less per hour worked in the three months to June, compared with their output a year earlier, the Office for National Statistics said on Thursday. Output per hour worked was 2.1% higher than its average in 2019, the ONS added. (Reporting by David Milliken; editing by Sarah Young)
ZURICH (Reuters) -UBS has put a real estate fund of its former competitor Credit Suisse worth over $2 billion into an “orderly liquidation” as of Thursday, the Swiss bank said. The Credit Suisse Real Estate Fund International’s total net assets were worth 1.88 billion Swiss francs ($2.17 billion) as of the end of June, UBS …
UBS puts $2 billion Credit Suisse real estate fund into liquidation Read More »
By Jesus Calero and Tilla Sjaavaag (Reuters) – Swedish games developer Embracer reported a 50% drop in first quarter operating profit on Thursday after the owner of the Tomb Raider franchise released fewer games. The company said it still expects to release games with a value of 3.9 billion Swedish crowns ($372.70 million) for the …
Tomb Raider owner Embracer’s quarterly profit plunges on fewer games releases Read More »
OSLO (Reuters) – Norwegian oil and gas investments are expected to hit a record this year and stay at elevated levels in 2025, driven by ongoing field developments and rising inflation, a national statistics office (SSB) survey showed on Thursday. Norway in recent years sanctioned a string of new field developments as companies took advantage …
Norwegian oil investments to hit record high as inflation drives up costs Read More »
By Carolyn Cohn LONDON (Reuters) -Shares in Admiral soared 11% on Thursday after the British motor and home insurer posted forecast-beating profit for the first half of the year, led by a strong UK motor performance, and said it would pay a special dividend. Motor and home insurance premiums have risen sharply in the past …
Admiral shares surge on forecast-beating profit, special dividend Read More »
