Business

Image for The Hidden Costs of Complex Contracts: New Report Highlights Need for Contract Simplification

Business

The Hidden Costs of Complex Contracts: New Report Highlights Need for Contract Simplification

Image for German economy to underperform euro zone until 2026, EU forecasts

Business

German Economy to Underperform Euro Zone Until 2026, EU Forecasts

Image for Generali beats profit estimates despite natural disasters

Business

Generali Beats Profit Estimates Despite Natural Disasters

Image for Coach parent Tapestry pulls $8.5 billion bid for Capri after FTC roadblock

Business

Coach Parent Tapestry Pulls $8.5 Billion Bid for Capri After Ftc Roadblock

Image for UK pensions changes may favour bigger fund managers, executives say

UK Pensions Changes May Favour Bigger Fund Managers, Executives Say

Date: November 14, 2024

By Carolyn Cohn and Iain Withers LONDON (Reuters) – Britain’s plans to bulk up local government and private employer pension schemes into ‘megafunds’ to boost domestic investment are likely to benefit larger asset managers over smaller, more specialist ones, industry executives said. The megafunds’ consolidation will provide Britain with up to 80 billion pounds ($101.35...

Image for Burberry boosts UK mid-cap stocks, focus on speeches from Reeves and Bailey

Burberry Boosts UK Mid-Cap Stocks, Focus on Speeches From Reeves and Bailey

Date: November 14, 2024

By Sruthi Shankar (Reuters) -UK stocks rose on Thursday, with luxury firm Burberry leading gains in the mid-cap index after unveiling a turnaround plan, while investors awaited speeches from finance minister Rachel Reeves and Bank of England chief Andrew Bailey. Burberry rallied almost 19%, logging its biggest single-day percentage gain, after it announced a turnaround...

Image for Deutsche Telekom lifts profit target on growth across Europe, US

Deutsche Telekom Lifts Profit Target on Growth Across Europe, US

Date: November 14, 2024

By Marleen Kaesebier (Reuters) -Deutsche Telekom on Thursday raised its full-year core profit guidance and reported a slight consensus beat on the metric in the third quarter, as strong momentum in Europe matched that of its U.S. unit T-Mobile. “The growth momentum continues unabated on both sides of the Atlantic,” finance chief Christian Illek said...

Image for ASML sees growth continuing through 2030 on AI demand

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,...

Image for Euro zone employment ticks up, GDP growth figure confirmed

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...

Image for Smaller game titles stretched by delays in crowded market, Embracer CEO says

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...