By Arsheeya Bajwa and Stephen Nellis (Reuters) -Shares in Arm Holdings fell 11% on Wednesday after the chip provider gave a fiscal first-quarter forecast below Wall Street estimates and declined to give guidance for the full year, citing global trade and economic uncertainty. Arm’s fourth-quarter revenue slightly beat analysts’ estimates, but it joined companies across …
FRANKFURT (Reuters) -Techem’s sale to U.S. financial investor TPG and sovereign wealth fund GIC has fallen through as the potential buyers withdrew registration of the deal with EU antitrust authorities on Wednesday, according to the EU Commission’s website. The TPG-led consortium announced last October that it was buying the heating and water metering services company …
German energy firm Techem’s sale to TPG falls through Read More »
By William Schomberg LONDON (Reuters) -The Bank of England is poised to extend its slow run of interest rate cuts on Thursday with investors watching for any signs that it could soon pick up the pace as U.S. President Donald Trump’s tariffs weigh on the world economy. Governor Andrew Bailey and his BoE colleagues have …
Bank of England set to cut rates amid worries about Trump tariff fallout Read More »
LONDON (Reuters) -British Prime Minister Keir Starmer is expected to promise on Thursday that his government will deliver a “defence dividend” for voters, framing an increase in military spending forced by a U.S. shift away from underwriting Europe’s security as an economic opportunity. Marking the 80th anniversary of Victory in Europe Day (VE Day), Starmer …
Starmer to promise ‘defence dividend’ from UK military spending Read More »
LONDON (Reuters) -Britain’s National Wealth Fund will lend 600 million pounds ($802 million) to Iberdrola-owned ScottishPower to help fund upgrades to the country’s power grid, they said in a joint statement on Thursday. The announcement comes a week after Spain and Portugal suffered widespread blackouts that industry experts say highlight the need for massive investment …
Britain’s National Wealth Fund to lend Iberdrola $800 million for UK power grid upgrades Read More »
ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Glass half full…probably A late rally ensured Wall Street’s three main indexes rose on Wednesday, as investors digested Fed Chair Jerome Powell’s press conference after the central bank left interest rates on hold, a raft of …
Trading Day: Taking the positives from trade, China, Fed Read More »
By Kritika Lamba (Reuters) -Bumble reported a more than 7% fall in first-quarter revenue on Wednesday, but met Wall Street estimates, soothing some investor worries over stiff competition as it revamps its dating apps and cuts costs. Shares of the company jumped 7% in extended trading. The online dating industry has been grappling with declining …
Bumble reassures investors as first-quarter revenue meets expectations Read More »
LONDON (Reuters) -The growth of AI will increase the number and sophistication of cyberattacks on Britain, senior minister Pat McFadden said on Wednesday. British companies, public bodies and institutions have been hit by a wave of cyberattacks in the past few years, costing them tens of millions of pounds and often months of disruption. Over …
Britain to face more cyberattacks as AI adoption grows, minister says Read More »
MILANO (Reuters) -Banco BPM sees room to explore other potential M&A opportunities if Unicredit drops its takeover bid, Chief Executive Giuseppe Castagna said, adding however that the standalone path “is very satisfactory”. UniCredit’s all-share offer is in doubt after the government set conditions to clear it which UniCredit says are harmful. The offer is currently …
Banco BPM CEO sees room to explore M&A options if UniCredit drops its bid Read More »
By Helen Reid LONDON (Reuters) -European online fashion retailer Zalando is using generative artificial intelligence to produce imagery faster for its app and website, it said on Wednesday, as AI shakes up the fashion industry and cuts costs. Zalando, which sells branded clothes, shoes, and accessories across 25 markets in Europe, is using AI to …
Zalando uses AI to speed up marketing campaigns, cut costs Read More »
