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European shares extend gains on upbeat earnings; Anglo American drags miners lower
Date: April 21, 2022
By Anisha Sircar (Reuters) -European shares rose on Thursday following a series of positive earnings updates, while miners dropped more than 2% as Anglo American slumped after slashing its production outlook. The pan-European STOXX 600 firmed 0.5%, rising for a second straight day, with construction and travel shares in the lead. Miners dropped 2.3%, leading...
THG rejects ‘numerous’ approaches, warns on profit this year
Date: April 21, 2022
By Paul Sandle LONDON (Reuters) -British e-commerce company THG said it had rejected “numerous” approaches that failed to reflect its value as it warned inflationary pressure would result in broadly flat earnings this year, missing market forecasts by 22%. THG, which has seen its shares plummet 88% in the last 12 months, said it had...
Barclays bolsters capital with $687 million sale of Absa stake
Date: April 21, 2022
By Kirstin Ridley and Lawrence White LONDON (Reuters) -Barclays has sold a 7.4% stake in South African bank Absa, it said on Thursday, raising 526 million pounds ($687 million) as it looks to bolster its capital levels. Barclays, which said it would use the net proceeds for general corporate purposes, said the placing would raise...
Sterling falls to a 10-day low versus euro, flat against dollar
Date: April 21, 2022
By Stefano Rebaudo (Reuters) – Sterling fell to a 10-day low against a strengthening euro, with investors staying focused on the respective future monetary policy paths of the Bank of England and other major central banks. BoE Monetary Policy Committee member Catherine Mann will speak in London at 1300 GMT, while other central bank speakers...
Husqvarna raises prices again as costs increase and quarterly profit dips
Date: April 21, 2022
By Anna Ringstrom STOCKHOLM (Reuters) -Husqvarna, the world’s biggest maker of gardening power equipment, is raising prices further this month in the face of rising supply and energy costs, it said on Thursday, after first-quarter profits fell slightly less than expected. The Swedish group, whose products range from ride-on and robotic lawn mowers to irrigation...
Discounter Pepco vows to ‘protect prices’ as first-half sales rise
Date: April 21, 2022
By James Davey LONDON (Reuters) -Pepco Group, owner of European discount retailer brands PEPCO, Poundland and Dealz, pledged to “protect prices” for cash-strapped shoppers, as it reported a 17.5% increase in first-half revenue driven by new store openings. The group, which listed on the Warsaw stock market last May with a valuation of 5 billion...