Investing
Investing
Wave of Selling as BoE Follows Fed With 75 Bps Rate Hike
Investing
Exclusive-Morgan Stanley to Start Layoffs in Coming Weeks as Dealmaking Slows -Sources
Investing
FTSE 100 Cuts Losses After Massive BoE Rate Hike
Investing
Sterling Drops as BoE Hikes Interest Rates but Diverges From Fed
Bmw Sees Pressure in Europe as Inflation Hits Buyers
Date: November 3, 2022
By Paul Carrel and Nick Carey BERLIN (Reuters) -BMW expects strong sales growth in the fourth quarter, but warned rising inflation and interest rates would start to weigh on European demand in particular in the coming months. The German premium automaker beat forecasts with a rise in third quarter profit, as higher car prices offset...
EU Seeks Better Alignment With Global Sustainability Rules
Date: November 3, 2022
By Huw Jones LONDON (Reuters) – The European Union sought on Thursday to reassure international companies it would seek to align its sustainability disclosure rules with a global initiative, after warnings from regulators over fragmenting capital markets. The EU is finalising mandatory environment, social and governance (ESG) disclosures for about 50,000 companies across the bloc...
Wall Street Sees Little Respite to Qualcomm’s Smartphone Gloom
Date: November 3, 2022
(Reuters) – Sales at Qualcomm Inc are slowing as the smartphone market heads for its worst contraction in years, and Wall Street analysts don’t expect that to turn around anytime soon. At least 14 brokerages lowered their price targets on the largest maker of smartphone chips on Thursday after it gave a forecast $2 billion...
Yum Beats Sales Estimates as Customers Flock to Kfc, Taco Bell Deals
Date: November 2, 2022
By Uday Sampath Kumar (Reuters) -Yum Brands Inc beat Wall Street estimates for quarterly comparable sales on Wednesday, as the company’s KFC value deals and $2 Taco Bell burritos pulled in more inflation-weary consumers to its restaurants. Yum’s shares rose 1.6% in morning trading. Menu price hikes at dine-in restaurants to keep up with surging...
Ithaca Energy Closes in on London’s Biggest 2022 Listing
Date: November 2, 2022
LONDON (Reuters) -Ithaca Energy’s London listing could value the company at up to 3.1 billion pounds ($3.56 billion), bookrunners said on Wednesday, after books were swiftly covered following the launch of what is set to be London’s largest IPO this year. Shares in the North Sea oil and gas producer are being offered at 250...
Bp Joins Rivals With Bumper $8.2 Billion Profit
Date: November 1, 2022
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP more than doubled its third-quarter profit from a year earlier to $8.15 billion and expanded its share buybacks by $2.5 billion, joining rivals in reporting bumper profits that have sparked renewed calls for energy companies to pay more taxes. London-based BP joins rivals including Shell,...