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Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock
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UK pensions changes may favour bigger fund managers, executives say
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Burberry boosts UK mid-cap stocks, focus on speeches from Reeves and Bailey
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Deutsche Telekom lifts profit target on growth across Europe, US
ASML sees growth continuing through 2030 on AI demand
Date: November 14, 2024
By Toby Sterling and Nathan Vifflin AMSTERDAM (Reuters) – Europe’s largest tech firm, computer chip equipment maker ASML, said on Thursday it expected sales growth to average 8% to 14% over the coming five years, as a boom in AI fuels strong demand for its most advanced tools. The guidance, which analysts said was reassuring,...
Euro zone employment ticks up, GDP growth figure confirmed
Date: November 14, 2024
FRANKFURT (Reuters) – Euro zone employment rose a touch more than expected last quarter and the economy expanded at a respectable pace, keeping alive hopes for a soft landing after more than a year of near-stagnation, fresh data showed on Thursday. Employment in the 20-nation euro zone grew by 0.2% on the quarter, twice as...
Smaller game titles stretched by delays in crowded market, Embracer CEO says
Date: November 14, 2024
By Jesus Calero (Reuters) – Game development delays and extended production timelines are straining video game companies, the CEO of Embracer said on Thursday, as publishers face mounting costs and fewer new releases amid market saturation. Embracer, a major force in the gaming industry, owns more than a hundred studios worldwide and is known for...
Games developer Embracer misses Q2 operating profit forecast
Date: November 14, 2024
By Jesus Calero (Reuters) – Games developer Embracer on Thursday posted a bigger-than-expected drop in second-quarter operating profit driven by game release delays in a seasonally-softer quarter. The owner of the Tomb Raider franchise said its adjusted operating profit fell 33% to 1.2 billion Swedish crowns ($109.18 million) in the quarter through September, missing analysts’...
Aviva posts 15% rise in 9-mth general insurance premiums
Date: November 14, 2024
LONDON (Reuters) -British insurer Aviva posted a 15% rise in general insurance gross written premiums for the first nine months of the year to 9.1 billion pounds ($11.54 billion) on Thursday and said it was confident of meeting its group targets. The life, motor and home insurer, whose main businesses are in Britain, Canada and...
Hapag-Lloyd keeps recently raised outlook despite 9-month profit drop
Date: November 14, 2024
FRANKFURT (Reuters) – German container firm Hapag-Lloyd on Thursday posted a 47% drop in net profit for the first nine months of 2024 but retained its recently raised earnings outlook for the full year, citing higher transport volumes driven by demand. “We were able to further increase our transport volume compared to the previous year...