business
Business
UK business sentiment drops, adding pressure on Reeves before budget
Business
Unilever and Danone win back shoppers as price hikes slow
Business
The UK’s EMIR Refit is finally here – is your firm ready?
Business
Britain’s John Lewis optimistic on Christmas trading outlook
Bank of England’s Mann says fall in inflation pressure has long way to go
Date: October 24, 2024
WASHINGTON (Reuters) -Bank of England interest rate-setter Catherine Mann welcomed a recent fall in inflation in Britain but said the cooling of price growth still had “a long way to go” for the central bank to hit its 2% inflation target over the medium term. “Our headline price print … was lower than projected in...
Hasbro’s cost-saving efforts drive profit beat even as toy sales drag
Date: October 24, 2024
By Savyata Mishra (Reuters) -Hasbro surpassed Wall Street estimates for third-quarter profit as the Monopoly owner benefited from cost controls and strong digital gaming demand, even as weak consumer spending on toys hurt third-quarter sales. Its revenue declined for a ninth straight quarter and fell short of Wall Street expectations, sending shares down about 4%...
IBM misses third-quarter revenue estimates as consulting drags; shares fall
Date: October 24, 2024
By Arsheeya Bajwa (Reuters) -International Business Machines missed analysts’ estimates for third-quarter revenue on Wednesday, hurt by weakness in its consulting segment as businesses cut back on discretionary expenses, coupled with declines in the infrastructure business. IBM’s shares fell about 4% in extended trading after rising more than 40% this year, as investors bet...
Logpoint appoints Frank Koelmel as Chief Revenue Officer
Date: October 24, 2024
New CRO appointment will ensure customers and partners continue to achieve security outcomes and success LONDON, UK – 24 October 2024 – Logpoint is announcing the appointment of Frank Koelmel as Chief Revenue Officer (CRO), underscoring Logpoint’s dedication to establishing itself as a European cybersecurity powerhouse. The appointment will enable Logpoint to continue to focus on market...
Wolfspeed shelves plans to build chip factory in Germany
Date: October 24, 2024
(Reuters) -Wolfspeed has shelved plans to build a semiconductor factory in Ensdorf, Germany, due to slower electric vehicle adoption, the U.S. chipmaker said on Wednesday. The chipmaker said in June it had delayed plans to build the $3 billion plant, which would make, in Germany, computer chips used in electric cars, highlighting the European...
Mike Ashley’s Frasers drops plan to buy luxury brand Mulberry
Date: October 24, 2024
(Reuters) -British sportswear and apparel retailer Frasers Group walked away from its attempts to buy Mulberry on Wednesday, citing a lack of engagement from the British luxury brand’s board after two proposals were rejected. Frasers did not get the backing of Mulberry’s top investor Challice – controlled by billionaires Christina Ong and Ong Beng...