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Just Eat Takeaway’s Q1 orders ‘disappoint’, shares fall
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LVMH shares rise after luxury giant’s Q1 sales offer element of reassurance
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UK inflation slows by less than expected to 3.2% in March
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Analysis-Painful high rates wake-up call threatens global markets
IMF warns financial risks linger amid ‘soft landing’
Date: April 16, 2024
IMF warns financial risks linger amid ‘soft landing’ By Pete Schroeder WASHINGTON (Reuters) – The International Monetary Fund is cautioning against overexuberance in markets as investors look for central bankers to pull off a “soft landing” in their years-long inflation battle. In its latest semi-annual Global Financial Stability Report, the IMF noted that markets have...
Olympics-Paris 2024 torch lit in ancient Olympia, relay under way
Date: April 16, 2024
Olympics-Paris 2024 torch lit in ancient Olympia, relay under way By Karolos Grohmann ANCIENT OLYMPIA, Greece (Reuters) -The torch for the Paris 2024 Olympic Games was lit in ancient Olympia in a traditional ceremony on Tuesday, marking the final stretch of the seven-year preparations for the Games’ start on July 26. Greek actress Mary Mina,...
Oil steadies on China growth as Middle East tensions simmer
Date: April 16, 2024
Oil steadies on China growth as Middle East tensions simmer By Alex Lawler LONDON (Reuters) -Oil steadied on Tuesday with support from data showing China’s economy grew faster than expected and Middle East tensions but weighed by concern that U.S. interest rates may stay higher for longer and reduce demand. Official data from China showed...
Superdry plans to go private as it kicks off three-year turnaround plan
Date: April 16, 2024
Superdry plans to go private as it kicks off three-year turnaround plan (Reuters) -British fashion chain Superdry announced a three-year restructuring plan on Tuesday and said a fund raising backed by its CEO and co-founder Julian Dunkerton would allow the company to delist from the London Stock Exchange. The maker of jackets and clothing inspired...
Jaguar develops energy-storage unit using Range Rover batteries
Date: April 16, 2024
Jaguar develops energy-storage unit using Range Rover batteries By Nick Carey LONDON (Reuters) – Jaguar Land Rover has developed a mobile energy storage unit for sale in partnership with UK startup Allye Energy using used batteries from plug-in hybrid Range Rover models, the two companies said on Tuesday. The companies said a single Allye MAX...
Ericsson’s Q1 profit grows unexpectedly, eyes stabilisation of sales in H2
Date: April 16, 2024
Ericsson’s Q1 profit grows unexpectedly, eyes stabilisation of sales in H2 (Reuters) -Telecom equipment maker Ericsson reported on Tuesday a first-quarter adjusted profit that beat expectations and said sales might stabilise in the second half of the year despite weak demand for 5G gear. Operating profit excluding restructuring charges grew unexpectedly, to 4.3 billion crowns...