top-stories
Top Stories
Telecom Italia to finalise network sale to KKR on July 1
Top Stories
Fast fashion retailer Shein filed for London listing in early June, sources say
Top Stories
German business sentiment unexpectedly darkens in June, Ifo says
Top Stories
London’s FTSE 100 flat; energy, miners lead decline
Mike Ashley’s Frasers buys THG’s portfolio of luxury goods websites
Date: June 24, 2024
Mike Ashley’s Frasers buys THG’s portfolio of luxury goods websites (Reuters) -British e-commerce firm THG has agreed to sell its portfolio of luxury goods websites to Mike Ashley’s Frasers Group for an undisclosed sum, it said on Monday. THG and Frasers have also agreed on a partnership across several areas including with THG Ingenuity, the...
Prosus full-year core headline earnings jump 84%
Date: June 24, 2024
Prosus full-year core headline earnings jump 84% (Reuters) – Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong performance in e-commerce operations, it said on Monday. Its core headline earnings were $5.0 billion, compared with $2.7 billion a year earlier, the company said. “Our e-commerce...
Oil eases as strong dollar weighs on commodities markets
Date: June 24, 2024
Oil eases as strong dollar weighs on commodities markets By Florence Tan SINGAPORE (Reuters) -Oil prices inched down on Monday as concerns of higher-for-longer interest rates resurfaced and lifted the dollar, offsetting support for oil markets from geopolitical tensions and OPEC+ supply cuts. Brent crude futures slipped 5 cents to $85.19 a barrel by 0417...
German residential property prices keep falling in Q1
Date: June 21, 2024
German residential property prices keep falling in Q1 BERLIN (Reuters) -German residential property prices continued to fall in the first quarter of this year, dropping by an average of 5.7% year-on-year, even after the biggest slump on record in 2023, federal statistics office data showed on Friday. High financing and construction costs continue to weigh...
UK’s Britvic rejects revised takeover proposal from Carlsberg
Date: June 21, 2024
UK’s Britvic rejects revised takeover proposal from Carlsberg (Reuters) – British soft drinks maker Britvic rejected a revised, unsolicited, possible cash offer from Carlsberg Group as the proposal undervalued the group and its prospects, it said on Friday. Britvic’s board unanimously rejected a 1,250 pence-per-share second proposal on June 17, it added. (Reporting by...
Analysis-Consumer-focused lending under Labour could dent UK bank profits
Date: June 21, 2024
Analysis-Consumer-focused lending under Labour could dent UK bank profits By Sinead Cruise and Lawrence White LONDON (Reuters) – Once seen as hostile to banks, Britain’s Labour has courted lenders in recent years as it attempts to gain power, yet some of the left-leaning party’s policies are still expected to hit the sector’s profits if it...