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UK’s Domino’s Pizza Group names new CEO
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Discount retailer Pepco’s sales growth slows
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Big companies toughen banking partner screening after crisis – survey
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Wall Street cheers cool CPI with stock rally; dollar, yields decline
British digital bank Monzo in talks to buy Nordic lender Lunar
Date: July 12, 2023
British digital bank Monzo in talks to buy Nordic lender Lunar LONDON (Reuters) – British digital bank Monzo is in early stage discussions about a potential acquisition of Nordic lender Lunar Group, a person familiar with the matter told Reuters. Bloomberg News reported the talks earlier on Wednesday, adding that Monzo had studied other potential...
Germany more flexible on hydrogen transition, emphasises speed – draft
Date: July 12, 2023
Germany more flexible on hydrogen transition, emphasises speed – draft FRANKFURT (Reuters) – Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and allowing greater leeway in transitioning from fossil fuels-based variants to renewables, a draft paper showed on Wednesday. Europe’s biggest economy wants...
Smurfit Kappa eyes wider North Africa expansion after Morocco opening
Date: July 12, 2023
Smurfit Kappa eyes wider North Africa expansion after Morocco opening By Padraic Halpin DUBLIN (Reuters) -Europe’s largest paper and packaging producer Smurfit Kappa expects the opening of its first North African plant in Morocco to set the stage for further expansion in a fast growing region for consumer goods, its chief financial officer told Reuters....
Bank of England says Britain is coping with higher interest rates
Date: July 12, 2023
Bank of England says Britain is coping with higher interest rates By David Milliken, Huw Jones and William Schomberg LONDON (Reuters) -Britain’s economy is so far proving resilient to a surge in interest rates over the past year and a half, but it will take time for the full impact to feed through, the Bank...
Exclusive-SoftBank considering US listing for its PayPay business – sources
Date: July 12, 2023
Exclusive-SoftBank considering US listing for its PayPay business – sources By Sam Nussey and Miho Uranaka TOKYO (Reuters) -SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said, in what could mark another American listing for Masayoshi Son’s sprawling tech conglomerate along with chip designer Arm. New...
Oil steadies amid economic concerns, higher U.S. crude stocks
Date: July 12, 2023
Oil steadies amid economic concerns, higher U.S. crude stocks By Laura Sanicola and Trixie Yap (Reuters) -Oil prices barely moved on Wednesday as markets weighed a possible build in U.S. crude stockpiles and economic concerns against planned supply cuts by the world’s biggest oil exporters and hopes for higher global demand. Brent futures fell 6...