Britain’s Co-op profit slides after petrol forecourt sale
(Reuters) -Co-op, which runs Britain’s seventh-biggest supermarket chain, posted a steep drop in annual pretax profit on Thursd..
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UK watchdog refers Vodafone, Three deal to in-depth probe
(Reuters) -Britain’s competition regulator said on Thursday it would need to open an in-depth investigation into the merger betw..
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Japan’s Konica Minolta to cut 2,400 jobs, book $132 million in expenses
TOKYO (Reuters) – Japan’s Konica Minolta said on Thursday it will trim 2,400 jobs worldwide during the current fiscal year..
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Novo says Ozempic starter kits still not available in Germany in Q2
FRANKFURT (Reuters) – Novo Nordisk has warned that starter kits of its popular diabetes drug Ozempic will still not be available..
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Euro zone inflation unexpectedly eases, boosting rate cut case
FRANKFURT (Reuters) – Euro zone inflation fell unexpectedly last month, solidifying the case for the European Central Bank to st..
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UK supermarket sales rise 5.4%, NIQ market researcher says
LONDON (Reuters) – British supermarket total sales rose by 5.4% year-over-year in the four weeks to March 23 as slowing inflati..
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Diversifying companies delivered 53% higher annual shareholder returns during and after COVID
Study from Stryber of 738 listed businesses in Europe showed that companies which diversified their revenue streams deliver 53% highe..
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UK’s Topps Tiles flags persistent weak demand in 2024 after lower H1 volumes
(Reuters) -Britain’s largest tile retailer Topps Tiles said on Wednesday subdued demand in the domestic repair and maintenance ..
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Swiss Re appoints Andreas Berger as new CEO from July
ZURICH (Reuters) -Reinsurance company Swiss Re said on Wednesday Andreas Berger would become group chief executive officer from July, ..
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CMA CGM acquires 10% in stake in Volvo-Renault EV joint venture, Renault says
(Reuters) – French car manufacturer Renault on Wednesday announced that shipping group CMA CGM officially joined Flexis, its par..
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Meldrum House unveils £500k super kitchen & new dining concepts
Meldrum House Country Hotel in Aberdeenshire has unveiled a new state-of-the-art kitchen as part of a £500,000 investment. Doubling t..
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Card payments no longer the default choice for consumers – local payments are the new hero
A new global study of 10,500 consumers across 37 markets reveals a mainstream shift in the way people around the world pay online Fi..
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Euro zone factory downturn deepened again in March, PMI shows
LONDON (Reuters) – Euro zone manufacturing activity took a further turn for the worse in March, contracting at a steeper pace t..
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IKEA Foundation backs emerging market EV push with $100 million grant
IKEA Foundation backs emerging market EV push with $100 million grant
By Simon Jessop and Virginia Furness LONDON (Reuters) – A global initiative to accelerate electric vehicle uptake has received a $100 million f..
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UK shop prices rise at slowest pace since December 2021
LONDON (Reuters) – Prices in British shops rose at the slowest pace in more than two years in March, the British Retail Consorti..
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Disney edges ahead in battle for board seats with activist investors
NEW YORK (Reuters) – Walt Disney appeared to pull ahead of activist investors in the battle for board seats and the future of th..
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UBS launches new $2bn share buyback
ZURICH (Reuters) -UBS on Tuesday announced it was launching a new share buyback programme of up to $2 billion, with up to half being ..
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BMW and India’s Tata Technologies to form JV for developing software
BENGALURU (Reuters) -BMW Group and Tata Technologies will form a joint venture for the development of software for the German luxury ..
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King Charles greets well-wishers after Easter Sunday service
WINDSOR, England (Reuters) -Britain’s King Charles greeted well-wishers in an impromptu walkabout after an Easter church service..
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China believes France will provide fair business environment for Chinese firms, foreign ministry says
BEIJING (Reuters) – China will import even more high-quality products and services from France and believes the European countr..
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Exclusive-Microsoft to separate Teams and Office globally amid antitrust scrutiny
BRUSSELS (Reuters) – Microsoft will sell its chat and video app Teams separately from its Office product globally, the U.S. tech..
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Meloni, Le Pen rift mars far right’s prospects of wielding EU power
PARIS/ROME (Reuters) -When a French minister compared Italy’s nationalist Prime Minister Giorgia Meloni last year to the leader ..
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Xiaomi’s EV buyers face up to seven-month wait for car, app shows
BEIJING (Reuters) -Xiaomi is advising would-be buyers of its new SU7 electric sedan that they could face an up to seven-month wait, it..
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Stocks subdued, yen in focus, with inflation data on tap
NEW YORK/LONDON (Reuters) -A gauge of global share markets was barely changed on Thursday as it was poised to end the quarter with sol..
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Hershey, Mondelez bet big on Easter as cocoa price crisis looms
(This March 26 story has been refiled to correct the data source to ‘NielsenIQ’ from ‘Nielsen’ in paragraph 23..
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Greece to raise monthly minimum wage by 6.4% to 830 euros
ATHENS (Reuters) – Greece will raise its monthly minimum gross wage by 6.4% to 830 euros, the conservative government said on F..
Finance
Syngenta ditches multi-billion dollar China IPO bid
BEIJING (Reuters) -Swiss agrichemicals and seeds group Syngenta on Friday withdrew its bid for a multi-billion dollar listing on the S..
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India keen on trade deals with Britain, Oman early in Modi’s probable third term, sources say
By Shivangi Acharya NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi is likely to prioritise completion of free trade ..
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UK’s Thames Water in crisis after shareholders refuse to pay up
LONDON (Reuters) -Thames Water, Britain’s biggest water utility, said on Thursday its shareholders had refused to pay 500 millio..
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Mercedes partly loses class action case over diesel defeat devices
BERLIN (Reuters) – A German court ruled on Thursday partly in favour of consumers in a class action suit against Mercedes Benz ..
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UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger
LONDON (Reuters) -Britain’s competition regulator said on Thursday that it has decided not to open an in-depth ‘phase 2..
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JD Sports’ January sales fall in ‘challenging’ market
LONDON (Reuters) -British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dr..
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French company Valeo to use more Google Cloud AI tools
PARIS (Reuters) – French car parts maker Valeo said on Thursday it would be using more Google Cloud AI tools at Valeo, highlight..
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BoE’s Haskel says rate cuts should be ‘a long way off’, FT reports
(Reuters) -Bank of England (BoE) interest-rate setter Jonathan Haskel said that rate cuts should be “a long way off,” the ..
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Analysis-Foreign firms’ losses from exiting Russia top $107 billion
By Alessandro Parodi and Alexander Marrow (Reuters) – The corporate exodus from Russia since its 2022 invasion of Ukraine has c..
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Climate change, AI in focus at Commonwealth’s Oct meet in Samoa
By Cordelia Hsu SYDNEY (Reuters) -Climate change and efforts to keep up with advances in artificial intelligence top the agenda for a..
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UK homeowners and businesses resilient to high interest rates, BoE says
LONDON, March 27 (Reuters) – British mortgage holders and businesses are generally coping well with high interest rates and pro..
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