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UK’s Virgin Media O2 to lay off up to 2,000 employees by year end
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Global shares, U.S. yields rise as investors eye rates, earnings
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Southern Europeans splash out on air-con as heatwave drags on
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Naturgy’s profit rises on LNG gains, soothing shareholders
Worsening euro zone business downturn reignites recession fears
Date: July 24, 2023
Worsening euro zone business downturn reignites recession fears By Jonathan Cable LONDON (Reuters) -Euro zone business activity shrank much more than expected in July as demand in the bloc’s dominant services industry declined while factory output fell at the fastest pace since COVID-19 first took hold, a survey showed. The decline was broad-based with the...
Vodafone takes ‘first steps’ in turnaround with top-line improvement
Date: July 24, 2023
Vodafone takes ‘first steps’ in turnaround with top-line improvement By Paul Sandle LONDON (Reuters) -Vodafone reported better top-line growth on Monday, driven by higher prices in Britain and improvements in Germany, Italy and Spain, marking a positive start for new Chief Executive Margherita Della Valle’s turnaround plan. The European and African telecoms group also said...
UK firms grow at slowest in 6 months as rate hikes weigh: PMI
Date: July 24, 2023
UK firms grow at slowest in 6 months as rate hikes weigh: PMI (Reuters) – Britain’s private sector is growing at its weakest pace in six months in July as orders for businesses stagnate in the face of rising interest rates and still-high inflation, a survey showed on Monday. The S&P Global/CIPS composite Purchasing Managers’...
Analysis-As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy
Date: July 24, 2023
Analysis-As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy By Tim Kelly, Karen Freifeld and Kentaro Sugiyama TOKYO/NEW YORK (Reuters) – Japan’s imposition of export controls on chip making tools to align with a U.S. policy restricting China’s ability to produce advanced semiconductors is worrying some officials in Tokyo who...
Philips slightly raises 2023 outlook after Q2 core profit beat
Date: July 24, 2023
Philips slightly raises 2023 outlook after Q2 core profit beat (Reuters) -Dutch health technology company Philips on Monday slightly raised its full-year targets after posting a bigger-than-expected jump in second-quarter core earnings thanks to better supply chains, a strong order book and efficiency measures. The Amsterdam-based group, a former industrial conglomerate that now focuses on...
Julius Baer reports 18% H1 net profit rise
Date: July 24, 2023
Julius Baer reports 18% H1 net profit rise ZURICH (Reuters) -Swiss private bank Julius Baer reported an 18% increase in net profit for the first half of 2023 on Monday as it said it also increased its assets under management and attracted more money from rich clients. The Zurich-based wealth manager said net profit attributable...