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Analysis-Big Losses in Russia-Linked Stocks Have Investors Rethinking Other Depositary Receipts
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UK Employers Plan 5% Pay Rises, Many Resort to Counteroffers: Cipd
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Intermedia’s Owner Explores Sale of Communications Services Firm -Sources
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Venom Foundation Partners With the UAE Government to Launch National Carbon Credit System
Lloyd’s of London Insurer Hiscox Profit Spikes on Premium Rise
Date: August 9, 2023
Lloyd’s of London insurer Hiscox profit spikes on premium rise By Carolyn Cohn LONDON (Reuters) -Lloyd’s of London insurer Hiscox posted a sharp rise in pretax profit on rising premium rates, but its shares fell on Wednesday as analysts focused on a disappointing retail outlook. Commercial insurers who have faced hefty claims in recent years...
Bottler Coca-Cola Hbc Lifts Sales Outlook
Date: August 9, 2023
Bottler Coca-Cola HBC lifts sales outlook By Radhika Anilkumar (Reuters) -Coca-Cola HBC lifted its annual revenue forecast on Wednesday as the bottler benefited from higher prices despite a dip in first-half organic volumes and currency headwinds in key market Nigeria. The Switzerland-based company has carried out the majority of planned price rises across its regions,...
Vestas Q2 Loss Bigger Than Expected, Maintains Guidance
Date: August 9, 2023
Vestas Q2 loss bigger than expected, maintains guidance COPENHAGEN (Reuters) – Danish wind turbine maker Vestas on Wednesday warned of continued supply chain disruptions in 2023 after reporting a bigger than expected second-quarter adjusted operating loss. “Permitting and regulatory uncertainty remain a key challenge to speed up the energy transition, and although supply chain disruptions...
Germany’s Delivery Hero Hikes 2023 Revenue Guidance
Date: August 9, 2023
Germany’s Delivery Hero hikes 2023 revenue guidance (Reuters) -German online takeaway food company Delivery Hero on Wednesday raised its full-year revenue outlook, after it swung to a profit in the first half of the year on accelerating growth. The Berlin-based company expects total segment revenue to grow around 15% this year, compared with its previous...
US Dollar Gains Broadly as Risk Sentiment Turns Sour After Poor Chinese Data
Date: August 8, 2023
US dollar gains broadly as risk sentiment turns sour after poor Chinese data By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) – The U.S. dollar firmed across the board on Tuesday, garnering safe-haven bids, after a disappointing set of Chinese trade figures hurt the yuan and the Australian and New Zealand currencies, with European...
Bosch, Infineon, Nxp, Tsmc to Establish Jv for German Wafer Fab
Date: August 8, 2023
Bosch, Infineon, NXP, TSMC to establish JV for German wafer fab BERLIN (Reuters) – German technology group Robert Bosch said on Tuesday that it will establish a joint venture with TSMC, Infineon and NXP with the aim of building a wafer fab in Dresden, Germany, by the second half of next year. The joint venture...