Category Archives:
Mitchells & Butlers flags challenging business environment on cost pressures
(Reuters) - British restaurant and pub operator Mitchells & Butlers on Thursday flagged a challenging trading environment due to surging costs in the aftermath of the Ukraine conflict and low consumer...
Jul 21, 2022
Reaction to China imposing $1.2 billion fine on Didi Global
(Reuters) - China's cybersecurity regulator fined Didi Global Inc 8.026 billion yuan ($1.2 billion) after a year-long probe found the ride hailing giant had violated laws including ones pertaining to ...
Jul 21, 2022
Russian gold miner Polymetal’s second-quarter revenue down 36%
MOSCOW (Reuters) - Russian gold and silver producer Polymetal's second-quarter revenue fell by 36% year on year to $433 million after Western sanctions against Russia had a material impact on sales an...
Jul 21, 2022
Electrolux profit misses forecast as supply chain issues weigh
STOCKHOLM (Reuters) - Sweden's Electrolux reported on Thursday profits below expectations for the second quarter and said it had been impacted by significant supply chain challenges. Operating profit ...
Jul 21, 2022
Publicis hikes full-year guidance on ‘all-time high’ semester
(Reuters) - Publicis, the world's third-biggest advertising group, raised its full-year guidance after beating first-half organic revenue growth and core profit margin expectations on Thursday. The Fr...
Jul 21, 2022
Getlink’s core profit soars as travellers return, while Eleclink shows promise
By Olivier Sorgho and Charlotte Lavin (Reuters) - Channel Tunnel operator Getlink said on Thursday its half-year core profit more than tripled from a year earlier, beating analyst expectations on the ...
Jul 21, 2022
BE Semiconductor sees lower revenue in Q3
(Reuters) - Chipmaking equipment supplier BE Semiconductor (BESI) on Thursday forecast a drop in third-quarter revenue, citing current market conditions and seasonal trends. The maker of semiconductor...
Jul 21, 2022
Taiwan’s concerns on speed of arms sales will be conveyed to U.S., says ex-U.S. defence secretary
TAIPEI (Reuters) - Former U.S. defence secretary Mark Esper said on Thursday he would take back to Washington D.C. concerns expressed in Taiwan about the speed of arms sales to the island and the need...
Jul 21, 2022
Roche diagnostics head to become group CEO
(Reuters) - Roche said the head of its diagnostics division, Thomas Schinecker, is to become group chief executive next year, replacing Severin Schwan, who will take the role of chairman of the board ...
Jul 21, 2022
China fines Didi Global $1.2 billion for violating data security laws
SHANGHAI (Reuters) - China's cybersecurity regulator said on Thursday it has fined ride hailing giant Didi Global Inc 8.026 billion yuan ($1.19 billion) following a more than year long investigation i...
Jul 21, 2022
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