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Aircraft lessor DAE expects further Boeing delays
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Gucci’s new designer in focus as Kering plots future growth
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Siemens investors call for further unbundling of the group
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Oil rises on large US fuel stock draws, slower output growth
Time is right to step up investment, Sainsbury’s CEO says
Date: February 7, 2024
Time is right to step up investment, Sainsbury’s CEO says LONDON (Reuters) – British supermarket Sainsbury’s believes that having improved its financial performance over the last three years, now is the right time to step-up investment, its boss said on Wednesday. Speaking to reporters after Sainsbury’s published a strategy update, CEO Simon Roberts highlighted the...
‘Long and tedious journey’: companies sour on China outlook
Date: February 7, 2024
‘Long and tedious journey’: companies sour on China outlook By Helen Reid, Emma Rumney and Ananya Mariam Rajesh (Reuters) – Some of the world’s top food, drinks and tech companies have struck a sour tone about Chinese demand, deepening investor worries about damage to firms exposed to the country and Beijing’s ability to revive the...
UK house prices gain momentum in early 2024: Halifax
Date: February 7, 2024
UK house prices gain momentum in early 2024: Halifax By Andy Bruce LONDON (Reuters) -British house prices rose 2.5% in the year to January, the strongest annual growth rate for a year, according to data from mortgage lender Halifax on Wednesday which added to tentative signs of momentum in the housing market. In month-on-month terms,...
Exclusive-UAE wealth fund plans $4-5 billion in investments via India’s new finance hub – sources
Date: February 7, 2024
Exclusive-UAE wealth fund plans $4-5 billion in investments via India’s new finance hub – sources By Jayshree P Upadhyay (Reuters) – Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India through a tax-neutral finance hub in Prime...
Jeweller Pandora sees ‘healthy’ sales so far this year
Date: February 7, 2024
Jeweller Pandora sees ‘healthy’ sales so far this year By Helen Reid LONDON (Reuters) -Pandora, the world’s biggest jewellery maker, said on Wednesday its performance since the start of the year has been “healthy” with high single-digit sales growth, as it announced a share buyback programme after a strong run. Pandora, which sells charm bracelets...
Akzo Nobel misses profit forecast, says it rolled back some prices in Q4
Date: February 7, 2024
Akzo Nobel misses profit forecast, says it rolled back some prices in Q4 By Stephanie Hamel (Reuters) -Akzo Nobel reported a smaller-than-expected rise in fourth-quarter core profit on Wednesday, as the Dutch paints and coatings maker started rolling back price hikes in some of its markets. The maker of Dulux and Flexa paints has been...