Category Archives:
Burberry says U.S. demand for sneakers and slides fades
LONDON (Reuters) - British luxury brand Burberry said a drop in demand for footwear such as sneakers and slides drove a 4% fall in first-quarter like-for-like sales in the Americas. "We've had very st...
Jul 15, 2022
Take Five: A world of pain, about to get worse
(Reuters) - The European Central Bank is late to the rate-hike party but at least it's on its way, unlike the Bank of Japan. But both banks will find their plans for tackling the inflation versus grow...
Jul 15, 2022
SAS and unions to resume talks as pilot strike enters 12th day
STOCKHOLM (Reuters) - Talks between airline SAS and pilot unions are due to resume on Friday as the parties seek a deal to end a strike that the carrier says is threatening its existence. A majority o...
Jul 15, 2022
Tonic maker Fevertree cuts profit forecast as cost pressures increase
(Reuters) - Tonic maker Fevertree lowered its annual profit forecast on Friday, signalling a hit from cost pressures and logistical issues. The company now expects full-year operating profit to be in ...
Jul 15, 2022
Marching into the clammy grip of recession
By Saikat Chatterjee A look at the day ahead in markets from Saikat Chatterjee. China's economic growth data on Friday is a stark reminder of the challenges facing global policymakers. Gross domestic ...
Jul 15, 2022
Analysis: Macro gamblers grapple with immovable Bank of Japan
By Tom Westbrook SINGAPORE/NEW YORK (Reuters) - Investors betting that Japan will have to quit its ultra-loose monetary policy are running into riskier and pricier territory as the showdown shifts to ...
Jul 15, 2022
Metro Bank appoints ex-Standard Chartered executive as CFO
By Emma-Victoria Farr and Shanima A LONDON (Reuters) -British challenger lender Metro Bank said on Friday it has appointed former Standard Chartered executive James Hopkinson as chief financial office...
Jul 15, 2022
China lockdowns limit Burberry’s first-quarter sales growth to 1%
LONDON (Reuters) -British luxury brand Burberry on Friday said its first-quarter comparable store sales rose by 1%, limited by COVID-19 lockdowns in China, its biggest market. Outside mainland China, ...
Jul 15, 2022
UK’s Aston Martin to raise 653 million pounds, Saudi’s PIF to become major investor
(Reuters) -Aston Martin said on Friday it was looking to raise 653 million pounds ($771.58 million) through a right issue to shareholders, while bringing in Saudi Arabia's sovereign wealth fund as its...
Jul 15, 2022
UK fast-charging battery startup Nyobolt raises $59 million
By Nick Carey LONDON (Reuters) - British fast-charging battery startup Nyobolt said on Friday it has raised 50 million pounds ($59 million) in Series B funding to build a UK manufacturing plant in 202...
Jul 15, 2022
Peoria, IL, USA
42 °F Partly cloudy
