By Raechel Thankam Job (Reuters) -British pub group J D Wetherspoon’s third-quarter sales rose, it said on Wednesday, but it gave no full-year guidance as mounting costs and a challenging economy complicated forecasting and raised questions about its pricing strategy. While inflation and the economic uncertainty caused by trade tensions have increased the risks to …
Wetherspoon’s sales rise but costs raise pricing questions Read More »
By Alban Kacher and Hugo Lhomedet (Reuters) – Retailer Ahold Delhaize posted higher-than-expected first-quarter sales growth on Wednesday, buoyed by higher volumes in both the U.S. and Europe, sending its shares to a record high. In the U.S., where the Dutch supermarket group generates more than half of its revenue, comparable sales grew 3.1%, above …
Dutch supermarket Ahold hits record high as sales growth beats estimates Read More »
(Reuters) -Johnson Controls International raised its 2025 profit forecast after beating second-quarter expectations on Wednesday, helped by sustained demand from data centers for its building and industrial equipment. Data centers worldwide have enjoyed a boom in demand as businesses increasingly invest in artificial intelligence technology. Johnson Controls – which makes liquid cooling systems used for …
Johnson Controls raises 2025 profit forecast on sustained demand Read More »
(Reuters) -British data and analytics firm FD Technologies said on Wednesday it is in advanced talks with American private equity firm TA Associates over a possible acquisition offer, valuing the firm at 541.6 million pounds ($722.77 million). Shares of FD Technologies soared 19% to 23 pounds. The possible offer represents a premium of about 27% …
UK’s FD Technologies soars on possible $722 million buyout by private equity firm Read More »
By Sabine Siebold, Markus Wacket and Holger Hansen BERLIN (Reuters) – German Defence Minister Boris Pistorius is seeking a drastic increase in the country’s annual defence budget to over 60 billion euros ($68.21 billion) starting in 2025, two sources familiar with the matter told Reuters. In 2024, the regular defence budget was 52 billion euros. …
By Alexander Marrow LONDON (Reuters) -Jeff Bezos’ personal firm Bezos Expeditions is leading a $72-million investment in artificial intelligence data solutions company Toloka, which is looking to scale up its business, Toloka told Reuters on Wednesday. Toloka, which helps train and evaluate AI models using a network of human experts and testers, is part of …
Amazon’s Bezos leads new investment in AI data company Toloka Read More »
By Mateusz Rabiega and Jakob Van Calster (Reuters) -French reinsurance company SCOR reported net profit on Wednesday that beat estimates, supported by strong performance across all business segments, it said, and projected healthy growth in its U.S. business in the next two to three years. SCOR reported a slight yearly rise in net income to …
French reinsurer SCOR shares jump after first-quarter profit beat Read More »
By Christoph Steitz and Nick Carey FRANKFURT/LONDON (Reuters) – BMW expects U.S. car tariffs to decline from July, based on its contacts with U.S. officials, a more upbeat assessment of the trade situation than many rivals and leading the German luxury automaker to confirm its 2025 outlook. The company warned, however, that tariffs imposed by …
BMW expects car tariffs to fall from July in upbeat take on trade war Read More »
By Maria Martinez BERLIN (Reuters) – Germany must pursue trade deals as part of wider European Union efforts to diversify its markets, new Economy Minister Katherina Reiche said on Wednesday, adding the United States would remain the country’s main trade partner. “We cannot hope that the export and import opportunities for German companies will automatically …
New economy minister says Germany must seek trade deals Read More »
MOSCOW (Reuters) – Russia’s budget proceeds from oil and gas sales fell by around 12% in April compared to the same month last year, the finance ministry said on Wednesday, blaming a sharp drop in the price of oil. Oil and gas revenues have been the most important source of cash for the Kremlin, accounting …
Russia’s oil and gas revenue down 12% y/y in April Read More »
