Business
Business
Games Developer Embracer Misses Q2 Operating Profit Forecast
Business
Aviva Posts 15% Rise in 9-mth General Insurance Premiums
Business
Hapag-Lloyd Keeps Recently Raised Outlook Despite 9-month Profit Drop
Business
Weighing up the Cost of the Workforce Readiness Gap
Poland’s Allegro Sees Earnings Growing 4-7% at Home in Q4
Date: November 14, 2024
GDANSK (Reuters) -Poland’s biggest e-commerce platform Allegro expects its earnings growth to slow down to 4-7% at home in the fourth quarter, it said on Thursday after its third-quarter core profit met market expectations. Allegro’s quarterly adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 13.5% to 883 million zlotys ($214.63 million) in the...
Meta to Introduce Ads on Threads in Early 2025, the Information Reports
Date: November 14, 2024
(Reuters) -Meta Platforms plans to introduce advertisements to its social media app Threads early next year, the Information reported on Wednesday, citing three people with direct knowledge of the plans. Threads app was launched in July last year as a challenger to X, formerly Twitter, in a bid to win users from the de facto...
Race for Japanese 7-Eleven Owner Heats up With Founding Family Bid
Date: November 13, 2024
By Ritsuko Shimizu and Kane Wu TOKYO (Reuters) – Japan’s Seven & i Holdings has received a buyout proposal from a member of its founding Ito family, it said on Wednesday, a potential $58 billion white-knight bid as it weighs a rival offer from Canada’s Alimentation Couche-Tard The offer from Ito-Kogyo, a company linked to...
Bank of England’s Mann Sees Inflation Pressure Keeping Rates High
Date: November 13, 2024
By David Milliken LONDON (Reuters) -High inflation in Britain has not been vanquished and it is more likely to overshoot than undershoot Bank of England forecasts over the medium term, BoE interest rate-setter Catherine Mann said on Wednesday. Mann cast the lone vote against cutting borrowing costs at a meeting of the BoE’s Monetary Policy...
Retail Boss Calls for UK Tax Rises to Be Staggered to Avoid Stoking Inflation
Date: November 13, 2024
LONDON (Reuters) -The new Labour government must re-think the timing of tax rises imposed in last month’s budget and instead phase them in if it wants to avoid fuelling inflation, the chairman of the British Retail Consortium said on Tuesday. The budget raised employers’ National Insurance, or social security, contributions by 1.2 percentage points to...
Sweden’s Klarna Moves Towards Long-Awaited US IPO With Confidential Filing
Date: November 13, 2024
(Reuters) -Payments firm Klarna began the process of going public for a second time in three years despite a sharp drop in its valuation, making it the largest Swedish company to float its shares in the U.S. since Spotify’s listing in 2018. The buy now, pay later (BNPL) company said on Tuesday it had confidentially...