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UK’s Sainsbury’s sales up 3%, poor weather dents non-food demand
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Sterling dented by one-two punch from dollar and euro
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US Treasury yields boost dollar, Powell speech in focus
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Shell to pause Dutch biofuels project as market sags
Qatar Airways posts 39% jump in annual profit to record $1.67 billion
Date: July 2, 2024
Qatar Airways posts 39% jump in annual profit to record $1.67 billion DUBAI (Reuters) – Qatar Airways posted a 39% jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on Tuesday. Revenue grew by 6% to 81 billion riyals in the year ended March 31, the government-owned airline said. It...
German industry turns to solar in race to cut energy costs
Date: July 2, 2024
German industry turns to solar in race to cut energy costs By Riham Alkousaa BERLIN (Reuters) – For months, Philip Matthias tried to convince his father to install solar panels on their company’s roof in the eastern German state of Thuringia, aiming to cut electricity costs and carbon emissions at the metal products factory. Initially...
UK’s Sainsbury’s says weak non-food weighs on quarterly sales growth
Date: July 2, 2024
UK’s Sainsbury’s says weak non-food weighs on quarterly sales growth LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, kept its annual financial guidance as it reported a 3% rise in first-quarter underlying sales, though robust grocery sales were partially offset by weather-related weakness in non-food areas. The group which, with a UK market share of...
French catering group Sodexo lags Q3 sales expectations
Date: July 2, 2024
French catering group Sodexo lags Q3 sales expectations (Reuters) – French food caterer Sodexo reported slightly lower than expected third-quarter sales on Tuesday, citing a change in how it accounts for project works related to a large contract in its Rest of the World segment. Its third-quarter revenue rose 6.8% organically from a year earlier...
Global factory activity has mixed performance in June, PMIs show
Date: July 1, 2024
Global factory activity has mixed performance in June, PMIs show By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Manufacturing activity in Europe suffered a setback last month but Asian factories enjoyed solid momentum, offering policymakers some hope the region can weather the hit from soft Chinese demand, surveys showed. The downturn in Europe was widespread,...
Euro rallies as French far right faces tricky path to majority
Date: July 1, 2024
Euro rallies as French far right faces tricky path to majority By Rae Wee and Harry Robertson SINGAPORE/LONDON (Reuters) -The euro jumped on Monday after a convincing and historic win by the French far right in the first round of parliamentary elections fell slightly short of some expectations, leaving the final result dependent on party...