Factbox-2024 Nobel prizes announced this week
STOCKHOLM (Reuters) – The Nobel prizes are to be announced this week, starting with the award for medicine or physiology ..
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Exclusive-Online retailer Shein to hold roadshows soon ahead of London IPO, sources say
By Julie Zhu, Amy-Jo Crowley and Hadeel Al Sayegh HONG KONG/LONDON (Reuters) – Shein is set to hold informal investor meetings i..
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Levi Strauss shares fall on weak holiday-quarter forecast
(Reuters) – Levi Strauss’ shares fell about 7% on Thursday after a tepid forecast for holiday-quarter revenue underscored ..
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Britain’s Tesco lifts profit outlook after strong first half
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursday after..
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Britain’s Tesco lifts annual profit forecast after strong first half
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursda..
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Euro area long-dated yields rise after sharp drop, geopolitics in focus
By Stefano Rebaudo (Reuters) – Euro area government bond yields rose on Wednesday, a day after long-dated yields posted their ..
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Sainsbury’s boss looks to UK budget to lift spending gloom
By James Davey COBHAM, England (Reuters) – Britons bruised by a cost of living crisis will not start spending strongly again unt..
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Italy and BlackRock discuss potential data centres investment
ROME (Reuters) – Italian Prime Minister Giorgia Meloni met the head of the U.S. fund BlackRock Inc, Larry Fink, in Rome o..
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French retailer Casino to present new strategy with heavy job cuts expected
PARIS (Reuters) – French supermarket chain Casino will set out its new strategy in November, with heavy job cuts still li..
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Germany reports outbreak of H5N1 bird flu on a farm
PARIS (Reuters) – Germany reported an outbreak of highly pathogenic H5N1 bird flu on a farm in the eastern region of Saxo..
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SoftBank to invest $500 million in OpenAI, The Information reports
(Reuters) – Japanese telecom company SoftBank’s Vision Fund will invest $500 million in OpenAI’s latest fundi..
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Discounter Pepco’s sales hurt by supply chain disruption
By James Davey LONDON (Reuters) -European discount retailer Pepco Group said its fourth-quarter underlying revenue was lower th..
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Nike veteran Hill to replace Donahoe as CEO; shares jump
By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the comp..
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Nike’s next CEO Hill brings a bootstraps mentality
By Nicholas P. Brown (Reuters) – Elliott Hill started at Nike as an intern in 1988 but steadily scaled its ranks, banking on v..
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ING bank tightens restrictions on oil and gas lending
By Virginia Furness and Simon Jessop Dutch lender ING is further restricting access to finance for some oil and gas companies a..
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UK supermarket sales growth slows after summer holidays
LONDON (Reuters) – British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer ..
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French millers face long grind as rain-hit wheat harvest comes in
PARIS (Reuters) – Flour mills in France are facing higher costs and a long search for grain as they feel the effects of a dire w..
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UK’s Asda says retail veteran Stuart Rose to lead business
By James Davey LONDON (Reuters) -British supermarket group Asda, which has been losing market share, said its chairman, veteran..
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Daimler Truck eyes half of Europe sales from EVs in 2030
By Ilona Wissenbach and Andrey Sychev HANOVER, Germany (Reuters) -Daimler Truck, one of the world’s biggest commercial ve..
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BP to sell its US onshore wind business
(Reuters) -BP plans to sell its U.S. onshore wind energy business, it announced on Monday, saying the assets were not aligned w..
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Central Europe factories and retailers shut in flood-hit areas
By Jan Lopatka PRAGUE (Reuters) -Factories and stores across central Europe shut down production lines and closed their doors on Monda..
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UK’s Domino’s Pizza plans to hire 5,000 staff ahead of peak holiday season
(Reuters) – Britain’s Domino’s Pizza Group said on Monday that it plans to hire 5,000 staff across the..
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Saipem wins $4 billion contract from QatarEnergy
(Reuters) – Italian energy engineering group Saipem said on Sunday it had won an offshore contract worth $4 billion from ..
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US locks in steep China tariff hikes, many to start Sept. 27
By David Lawder (Reuters) -The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty o..
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UK’s National Grid to sell electricity system operator in $827 million deal
(Reuters) -Britain’s National Grid said on Friday it had agreed to sell its Electricity System Operator (ESO) to the UK g..
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Zara to offer its secondhand clothes service in US by October
MADRID (Reuters) – Zara will offer its service for selling, repairing or donating secondhand clothes in the United States by the..
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Scotland’s only oil refinery to close next year, 400 jobs to go
By Ron Bousso and Robert Harvey LONDON (Reuters) -Grangemouth, Scotland’s only oil refinery, is to close in 2025 with the loss o..
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Zara owner Inditex sees early autumn sales perk up after summer slowdown
By Corina Pons MADRID (Reuters) -Zara owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday, boosting it..
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Services’ grip on UK economy tightens as manufacturing share ebbs further
By Andy Bruce (Reuters) – Britain’s shift towards a services-dominated economy is accelerating, pushing manufacturing̵..
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Etihad Airways plans IPO no earlier than 2025, sources say
By Hadeel Al Sayegh, Andres Gonzalez and Federico Maccioni DUBAI/LONDON (Reuters) -Abu Dhabi’s Etihad Airways plans to make its ..
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Key events at Nike under CEO John Donahoe
(Reuters) – Nike will hold its annual meeting virtually on Tuesday and a key issue to be voted on will be a workers’ right..
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Retail, consumer CEOs see shorter tenures as boards act more quickly
By Svea Herbst-Bayliss and Richa Naidu NEW YORK/LONDON (Reuters) – When two of the most powerful brands in retail and packaged f..
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UK pay growth cools, keeping BoE on track for another rate cut
By Andy Bruce and Suban Abdulla LONDON (Reuters) -British pay growth cooled in the three months to July to a more than two-year low an..
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Aldi UK says shoppers trading up as inflation eases
By Paul Sandle LONDON (Reuters) -Supermarket group Aldi UK said its prices this summer were on average lower than a year ago, easing s..
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Maersk says impact from Red Sea attacks continues to intensify
STOCKHOLM (Reuters) – The negative impact on maritime shipping and global supply chains from attacks in the Red Sea conti..
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Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts
(Reuters) – If producer group OPEC+ doesn’t reduce production further, the average price of oil could drop to $60 p..
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South Africa’s SPAR sells Polish business to Specjal
JOHANNESBURG (Reuters) – South Africa’s second-biggest grocery group SPAR has sold its loss-making business in Pola..
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