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Grocery retailer Ahold Delhaize sees Europe’s food inflation slowing
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ASOS reports first-half loss as shoppers cut back
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Dufry sales more than double on travel rebound, Autogrill acquisition
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E.ON to hit upper end of 2023 outlook after strong Q1
Dollar eases before inflation data, with nagging worries over debt ceiling impasse
Date: May 10, 2023
Dollar eases before inflation data, with nagging worries over debt ceiling impasse By Rae Wee SINGAPORE (Reuters) – The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers failed to break a deadlock on the debt ceiling crisis, though currency moves were marginal amid caution ahead of U.S. inflation data later...
Eurovision 2023 opens with acts walking Liverpool’s ‘Turquoise Carpet’
Date: May 9, 2023
LIVERPOOL, England (Reuters) – Eurovision 2023 kicked off on Sunday when 37 contenders walked the “Turquoise Carpet” in Liverpool, the English city hosting the competition on behalf of Ukraine. Under the banner “United by Music”, the 67th edition of the song contest will comprise three live shows that will unite the cultures of Ukraine and...
Britain’s JD Sports to buy France’s Courir in $572 million deal
Date: May 9, 2023
Britain’s JD Sports to buy France’s Courir in $572 million deal (Reuters) -JD Sports Fashion has proposed buying France’s Groupe Courir for an enterprise value of 520 million euros ($572 million), in what would be the British group’s first acquisition since setting out ambitious expansion plans in February. JD currently trades from over 3,400 stores...
8fig Raises $140M to Propel Ecommerce SMBs During Economic Turmoil
Date: May 9, 2023
8fig Raises $140M to Propel Ecommerce SMBs During Economic Turmoil Austin, United States, May 9th, 2023, FinanceWire 8fig, the continuous funding and management platform for ecommerce businesses, announced the closing of a $140 million Series B funding round in combined equity and credit facility led by Koch Disruptive Technologies (KDT) with participation from existing investors...
Italy’s MPS vows to keep delivering after sharp profit jump
Date: May 9, 2023
Italy’s MPS vows to keep delivering after sharp profit jump By Valentina Za MILAN (Reuters) -Italy’s Monte dei Paschi di Siena (MPS) pledged on Tuesday to maintain the state-owned bank’s performance after reporting a much bigger than expected first quarter net profit. Under CEO Luigi Lovaglio, MPS completed a make-or-break 2.5 billion euro ($2.8 billion)...
Ferrari CEO says e-fuel cars do not compromise carbon goals
Date: May 9, 2023
Ferrari CEO says e-fuel cars do not compromise carbon goals MILAN (Reuters) – Ferrari’s plans to continue building internal combustion engine cars powered by so called e-fuels does not conflict with its target to become carbon neutral by 2030, its chief executive said on Tuesday. “The two (targets) are very much compatible,” CEO Benedetto Vigna...