By Harry Robertson LONDON (Reuters) -The pound rose on Tuesday after data showed Britain’s unemployment rate unexpectedly fell in June, although wage growth slowed. Figures showed the UK jobless rate dropped to 4.2% in June, down from 4.4% in May – defying expectations for a small rise. Sterling was last up 0.22% at $1.2794, from …
Sterling rises after UK unemployment rate unexpectedly falls Read More »
(Reuters) – Russia’s central bank on Tuesday cancelled the banking licence of American Express Co’s Russian subsidiary after the U.S. lender’s unit filed a voluntary liquidation request. Russian President Vladimir Putin decreed in May that American Express could liquidate its Russian business, a little over two years after the company had suspended all its operation …
Russia cancels banking licence of American Express subsidiary Read More »
By Ananya Mariam Rajesh (Reuters) -On Holding beat analysts’ estimates for second-quarter revenue on Tuesday on strong demand from customers looking for trendy products but shares fell 8% premarket after the company reiterated its annual sales forecast. The company maintained its 2024 net sales expectations of at least 30% growth, reflecting an impact from low …
Federer-backed On backs annual sales forecast after quarterly beat, shares fall Read More »
By Maria Martinez BERLIN (Reuters) – German investor morale darkened more than expected in August, posting its strongest decline in two years, the ZEW economic research institute said on Tuesday. The economic sentiment index fell to 19.2 points from 41.8 points in July. Analysts polled by Reuters had pointed to a reading of 32.0. “The …
By Pranav Kashyap (Reuters) -Europe’s main stock index inched higher on Tuesday after presenting a flat note in the previous session, while investors awaited key U.S. data for more clues on the Federal Reserve’s next rate move, although dour corporate earnings limited gains. The continent-wide STOXX 600 index was up 0.1% at 499.62 points, with …
European shares tick up after subdued start to week; US data awaited Read More »
BERLIN (Reuters) – Volkswagen has pushed back the launch of a new ID.4 model from its next generation Trinity EV project to the early 2030s as part of a reshuffling of plans for the delayed programme, a person close to the company said late on Monday. The German automaker had been due to release the …
Volkswagen delays launch of Trinity EV further, source says Read More »
By Yadarisa Shabong (Reuters) -Just Group’s first-half profit beat estimates on Tuesday, and the British insurer now expects full-year earnings to surpass its previous expectations on demand for pension insurance, sending shares up as much as 18% in early trading. The stock hit its highest since June 2018 on Tuesday at 139 pence after the …
UK’s Just Group beats first-half profit estimate as demand for pension insurance soars Read More »
By Paolo Laudani and Linda Pasquini (Reuters) -HelloFresh reported better-than-expected second-quarter core earnings on Tuesday, sending its shares up as much as 23%, as the German meal-kit maker enjoyed strong growth in its ready-to-eat (RTE) unit. With pandemic hobby cooking no more and growth in its staple meal kits dwindling since the end of the …
HelloFresh beats Q2 core profit estimates on ready-to-eat meals Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp Nucera expects law it is relying on to subsidise green hydrogen to be delayed until after the U.S. presidential election, making it hard to predict how projects in the nascent industry will evolve, its CEO said on Tuesday. Following the Ukraine war and Germany’s shift away …
Thyssenkrupp Nucera braces for delay in US hydrogen subsidy law Read More »
(Reuters) -Janus Henderson is buying private credit manager Victory Park Capital, the asset manager said on Monday, as it seeks to expand its footprint in the private credit lending space. Private credit funds are increasingly competing with banks, including to finance large company buyouts. Shares of Janus Henderson were up nearly 1% on Monday. The …
Janus Henderson to buy Victory Park Capital in private credit expansion Read More »
