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Aluminium foundry fights for survival in European gas crisis
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LNG traders absorb huge losses after supply outages
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Summertime blues? UK shoppers splash out as heat-wave hits – BRC
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FBI searches Trump’s Florida home as part of presidential records probe
Stocks stumble as caution reigns ahead of U.S. inflation data
Date: August 9, 2022
By Tom Wilson LONDON (Reuters) – Shares slipped and the dollar hung off recent highs on Tuesday as investors eyed U.S. inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes. The stakes are high for the July U.S. consumer prices report on Wednesday after an...
SoftBank steps up asset sales from sinking portfolio
Date: August 9, 2022
By Sam Nussey TOKYO (Reuters) – SoftBank Group Corp is accelerating asset sales after its flagship Vision Fund unit booked nearly $50 billion in losses in just six months, but Chief Executive Masayoshi Son faces narrowing options and slumping valuations, analysts said. Son said on Monday that he is in discussions to sell asset manager...
Analysis-BHP needs to pay more for EV, clean energy metals as it returns to dealmaking
Date: August 9, 2022
By Praveen Menon and Clara Denina SYDNEY/LONDON (Reuters) – BHP must shell out more if it wants to snap up assets like those of OZ Minerals – a play on the future of electrification and decarbonisation, analysts and bankers said, after the miner’s unsolicited bid for the nickel and copper company was rebuffed. BHP Group’s...
Holiday Inn owner IHG sweetens shareholder returns on travel rebound
Date: August 9, 2022
By Muhammed Husain (Reuters) – IHG announced a $500 million share buyback on Tuesday after half-year profit more than doubled, boosted by higher room prices, strong demand for leisure travel and a recovery in business stays, especially in the United States. Hotel operators are benefiting as people spend more on travel and book longer hotel...
Shares in British asset manager abrdn slide on profit miss
Date: August 9, 2022
By Sinchita Mitra (Reuters) -British asset manager abrdn said on Tuesday it would take longer to grow its revenues and boost profitability after half-yearly profit missed expectations on turbulent markets and inflationary pressures, sending its stock at the bottom of FTSE 100. Fund managers, which saw their assets under management reach record highs during the...
impact.com Announces Appointment of Ning Wang to Board of Directors
Date: August 9, 2022
Sponsored Feature Presented by impact.com London, UK — 2pm, 9th August, 2022 — impact.com, the leading partnership management platform, announced today the appointment of Ning Wang, a seasoned executive with more than 20 years’ experience leading fast growing technology companies, to its Board of Directors. Wang is the CEO of Offensive Security, the leading cybersecurity...