By Sarah Young LONDON (Reuters) -JD Sports Fashion said there had been some softening in trade in its North American business in June, which would be offset by growth in demand for its trendy trainers and sportswear in the UK, Europe and Asia Pacific. Despite the slowdown in its U.S. and Canadian markets, the British …
JD Sports says still on track despite North American slowdown Read More »
By Lewis Jackson SYDNEY (Reuters) – PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice but is unlikely to repair its toxic brand in the country anytime soon, according to experts. PwC said on Sunday it would sell the division for A$1 ($0.67) to …
PwC Australia asset sale unlikely to solve firm’s tarnished reputation Read More »
PARIS (Reuters) – A sizeable chunk of Renault’s planned electric vehicle spinoff could remain in free float on the stock market, its CEO said in an interview published on Tuesday, declining comment on any further strategic investor who would join partners Qualcomm and Nissan. “We need to leave some free float, because we still want …
Renault CEO says free float of future electric unit will be more than 10% Read More »
(Reuters) – Robinhood Markets said on Monday it was cutting about 7% of its full-time employees, as it struggles with reduced customer engagement. “We’re ensuring operational excellence in how we work together on an ongoing basis. In some cases, this may mean teams make changes based on volume, workload,” Robinhood said in a statement. The …
By Blake Brittain (Reuters) – Fast-food chain Taco John’s and New Jersey-based Gregory’s Restaurant & Bar urged the U.S. Trademark Office on Friday to reject petitions by Taco Bell to cancel their federal trademarks covering the phrase “Taco Tuesday.” Taco Bell had publicized its effort as a bid to “liberate” the phrase for restaurant owners. …
‘Taco Tuesday’ owners fire back after Taco Bell’s trademark challenge Read More »
By Gary McWilliams HOUSTON (Reuters) -A U.S. judge on Monday signaled he was prepared to go ahead with selling Venezuela-owned oil refiner Citgo Petroleum’s assets to satisfy creditor claims while pushing back against one of Venezuela’s key objections. U.S. District Court Judge Leonard Stark also will not seek permission to launch the auction without having …
US judge signals he is ready to hold auction of Citgo assets Read More »
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – U.S. stocks closed lower on Monday, as investors were wary of betting on riskier assets before seeing the outcome of Russia’s aborted weekend mutiny. The rebellion by Russian mercenaries raised questions about President Vladimir Putin’s future. While Putin on Monday thanked mercenary fighters and …
Wall Street slips as investors eye Russia, Fed hikes, quarter-end Read More »
By Chibuike Oguh NEW YORK (Reuters) -The shares of SL Green Realty Corp surged on Monday after the real estate investment trust (REIT) said it had sold a nearly 50% stake in one of its New York City office buildings at a $2 billion valuation. The deal could spell hope for the Big Apple’s beleaguered …
SL Green Realty shares surge after selling half of NYC building at $2 billion valuation Read More »
By Huw Jones and Simon Jessop LONDON (Reuters) – Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on Monday have been written by the International Sustainability Standards Board (ISSB) as trillions …
New rules aim to clamp down on corporate greenwashing Read More »
By Isla Binnie (Reuters) – BlackRock boss Larry Fink, at the forefront of the business world’s adoption of environmental, social and corporate governance (ESG) standards, has stopped using the term, saying it has become too politicized. But the world’s largest asset manager hasn’t changed its stance on ESG issues, Fink told the Aspen Ideas Festival …
BlackRock’s Fink says he’s stopped using ‘weaponised’ term ESG Read More »
