B&Q owner Kingfisher cuts profit forecast as Poland, France drag
LONDON (Reuters) -European home improvement retailer Kingfisher downgraded its annual profit forecast by 7% on Tuesday, after a drop i..
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UK’s Hargreaves Lansdown bets on increased savings to sustain growth
(Reuters) -Hargreaves Lansdown is betting on savers to fuel growth despite subdued investment and trading activity in the current fina..
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Tour operator TUI confirms full-year outlook on back of strong bookings
By Joanna Plucinska LONDON (Reuters) -Tour group TUI on Tuesday confirmed its full-year outlook for the 2023 financial year, citing s..
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Sabato De Sarno to hit Milan catwalk on Friday with high stakes Gucci debut
By Mimosa Spencer and Elisa Anzolin MILAN/PARIS (Reuters) – Gucci creative director Sabato De Sarno takes to the runway in Mila..
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Societe Generale vision falls flat as Europe’s banks falter
LONDON/DUBLIN (Reuters) -Societe Generale’s much-hyped new strategy plans were given a thumbs down by investors on Monday, under..
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Santander creates two new global businesses for retail, consumer areas
MADRID (Reuters) -Spain’s Santander is consolidating its retail, commercial and consumer activities across all markets under two..
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Italy relies on GDP revisions to limit 2023 deficit rise -sources
ROME (Reuters) – Italy hopes upcoming revisions to GDP growth data for 2020-22 will limit what could otherwise be a strong overs..
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ECB to tackle excess liquidity in next stage of inflation fight -sources
FRANKFURT (Reuters) -European Central Bank policymakers want to soon start discussing how to tackle the multi-trillion-euro pool of ex..
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King Charles and France’s Macron hope to build on personal bond post-Brexit
By Michel Rose, Elizabeth Pineau and Michael Holden PARIS (Reuters) -After flames engulfed France’s Notre-Dame cathedral in 201..
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EU reticent to postpone Brexit tariffs on EVs, says UK auto body
LONDON (Reuters) – The European Union is reticent about agreeing to Britain’s plea to postpone looming tariffs on the sale..
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Dollar steady as week of key central bank decisions kicks off
NEW YORK (Reuters) -The U.S. dollar held steady against a basket of currencies on Monday, hovering near a six-month high as traders lo..
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Britain hands $621 million to Tata Steel, 3,000 jobs could go
LONDON (Reuters) -Britain is to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site, in a deal aimed ..
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Italy’s Edison inaugurates power station partly funded by citizens
QUASSOLO, Italy (Reuters) – Italian utility Edison on Friday inaugurated a new hydroelectric power station partly financed by t..
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ECB’s Lagarde: rate cut not on the agenda
SANTIAGO DE COMPOSTELLA (Reuters) – An interest rate cut is not on the European Central Bank’s agenda, ECB President Chris..
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Apple to update iPhone 12 software in France to settle radiation row
By Elizabeth Pineau PARIS (Reuters) – Apple said on Friday it would issue a software update for iPhone 12 users in France to se..
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Bootmaker Dr Martens to offer repairs in sustainability step
By Helen Reid LONDON (Reuters) -Dr Martens plans to launch a shoe repair service in Britain next month as it seeks to polish its sust..
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China to manage monkeypox as disease on par with COVID-19
BEIJING (Reuters) -China plans to manage monkeypox in the same way it handles infectious diseases such as COVID-19 starting from Sept...
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SAP’s India arm eyes more patents, jobs amid AI push
By Hritam Mukherjee and Navamya Ganesh Acharya BENGALURU (Reuters) -SAP SE’s Indian arm hopes to double its share of the German..
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No Kuehne counter offer on table for Hamburg port operator – authority
BERLIN (Reuters) – The city of Hamburg’s economy authority said there was no counter offer on the table from billionaire l..
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Britain sees 14% annual rise in missed direct debit payments
LONDON (Reuters) – Britain reported an annual rise of 14% in missed bill payments last month for their second highest rate on re..
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UK’s IG Group ekes out revenue rise from interest income, U.S. trading
(Reuters) – British online trading platform IG Group on Thursday reported a marginal rise in its first-quarter revenue after a b..
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British retailer John Lewis says turnaround delayed by two years
LONDON (Reuters) -John Lewis Partnership’s turnaround will take two years longer than planned and cost more money, the British r..
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Swedish inflation slows in August; Riksbank still expected to hike next week
STOCKHOLM (Reuters) – The pace of headline Swedish inflation slowed more than expected in August, official data showed on Thurs..
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Thyssenkrupp creates green tech division, launches performance programme
FRANKFURT (Reuters) – Thyssenkrupp on Thursday unveiled plans to bundle its businesses with a green technology angle in one segm..
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New Zealand’s National Party looks to cement lead 30 days out from election
WELLINGTON (Reuters) – Thirty days out from New Zealand’s general election, recent polls show the opposition party National ceme..
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Carrefour sticks price warnings on food to shame suppliers
PARIS (Reuters) – French supermarket chain Carrefour has slapped price warnings on products from Lindt chocolates to Lipton Ice ..
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OpenAI launches office in Dublin with nine job listings
By Anna Tong (Reuters) -Artificial intelligence leader OpenAI is opening an office in Dublin, the Microsoft-backed company said Thurs..
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Exor to buy back 1 billion euro own shares, starts with 750 million tender offer on Thursday
MILAN (Reuters) – Exor has approved a new share buyback program for up to one billion euros ($1.07 billion), with an initial te..
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SoftBank’s Arm valued at $54.5 billion in year’s biggest IPO
By Echo Wang and Anirban Sen NEW YORK (Reuters) – Chip designer Arm Holdings Plc secured a $54.5 billion valuation in its U.S. ..
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EU to investigate ‘flood’ of Chinese electric cars, weigh tariffs
BRUSSELS (Reuters) -The European Commission launched an investigation on Wednesday into whether to impose punitive tariffs to protect ..
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Goldman, J.P.Morgan cut UK’s 2023 growth forecast
(Reuters) -Goldman Sachs and J.P.Morgan on Wednesday cut their full-year growth forecast for the UK’s gross domestic product (GD..
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ABB invests $280 million in new robotics factory in Sweden
ZURICH (Reuters) – ABB is spending $280 million on a new robotics factory in Sweden, the Swiss engineering and technology group ..
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Aviva to sell Singlife joint venture stake for $1 billion
LONDON (Reuters) -Aviva is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instru..
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Sterling drops after UK economy contracts by more than expected
LONDON (Reuters) – The British pound declined against the dollar and euro on Wednesday after data showed British economic output..
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Zara owner Inditex’s H1 profit climbs as it eyes growth through stable prices
MADRID (Reuters) -Zara owner Inditex reported on Wednesday a jump of 40% in profit for the six months to July amid higher sales compar..
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Oil near 10-month peak on supply tightness, US inflation data awaits
By Yuka Obayashi and Muyu Xu (Reuters) -Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day e..
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EY to create 1,000 jobs in N. Ireland, kicking off investment conference
LONDON (Reuters) – Professional services firm EY will create 1,000 jobs in Northern Ireland over the next five years, the Britis..
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