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Dollar gains as pound tumbles on cooling UK inflation
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Atlas Copco posts Q2 profit beat, but sees slowing demand
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European shares gain on boost from Kering; UK stocks shine
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Truck maker Volvo’s quarterly profit surges, beats estimates
Inflation surprise sets UK homebuilders for biggest rally since 2008
Date: July 19, 2023
Inflation surprise sets UK homebuilders for biggest rally since 2008 MILAN (Reuters) – Shares in UK property-related stocks rallied on Wednesday as investors cheered data that showed UK inflation slowed faster than expected in June, which sent an index of homebuilder shares up by the most since late 2008. By 0718 GMT, the FTSE 350...
Aviva releases H1 2023 profit guidance, growth estimates
Date: July 19, 2023
Aviva releases H1 2023 profit guidance, growth estimates LONDON (Reuters) – Aviva said on Wednesday it expected to deliver around 700 million pounds ($907.20 million) in group operating profit in the first half of 2023, with full-year profit estimated to grow by 5-7% year-on-year. In an update to investors incorporating the restatement of certain 2022...
Canada defends digital taxes but sees path for global deal
Date: July 19, 2023
Canada defends digital taxes but sees path for global deal By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada on Tuesday defended its decision to push ahead with its implementation of digital services taxes starting next year, citing national interest even as Finance Minister Chrystia Freeland expressed hope in reaching an international consensus. More than...
Spain antitrust watchdog fines Amazon, Apple $218 million
Date: July 19, 2023
Spain antitrust watchdog fines Amazon, Apple $218 million MADRID (Reuters) – Spain’s antitrust watchdog on Tuesday said it had imposed fines worth a total 194.1 million euros ($218.03 million) on Amazon and Apple for colluding to limit the online sale of devices from Apple and competitors in Spain. The two contracts the companies signed on...
Nestle increases local sourcing in South Africa with new processing plant
Date: July 19, 2023
Nestle increases local sourcing in South Africa with new processing plant By Anait Miridzhanian HAMMANSKRAAL, South Africa (Reuters) – Swiss food company Nestle said on Tuesday it would be locally sourcing over 40% of raw materials for a new processing plant in South Africa to offset supply chain challenges and cut costs. Nestle opened a...
Marketmind: Gap between Asia and world markets widens
Date: July 18, 2023
Marketmind: Gap between Asia and world markets widens By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Whatever is driving Wall Street higher – the finishing line of the Fed’s rate-hiking cycle, a falling dollar or strong earnings – it is not really filtering...