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UK motor insurer Direct Line to hike premiums after profit hit
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UK’s Purplebricks says housing supply to stay challenging; posts FY loss
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HSBC aims to placate Hong Kong investors after rejecting break-up call from Ping An
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BP to boost spending on oil and gas by $500 million, CEO says
Domino’s UK franchisee reports lower profit as costs bite
Date: August 2, 2022
(Reuters) -Britain’s Domino’s Pizza Group Plc reported a 16% fall in first-half pretax profit on Tuesday due to rising costs and food inflation, and said it would increase its media spend in the second half to lure more customers. The conflict between Russia and Ukraine, two major wheat exporters, has fuelled supply concerns in the...
Bouygues raises telecoms target after beating profit expectations
Date: August 2, 2022
(Reuters) -French conglomerate Bouygues reported better than expected first-half core profit on Tuesday and raised its telecoms division’s targets for the full year. The construction, telecoms and media group posted current operating profit – operating profit excluding exceptional costs mainly related to merger and acquisition activity – of 492 million euros ($505 million) for the...
Swiss financial watchdog extends protection measures at Sberbank to Sep. 1
Date: August 2, 2022
BERLIN (Reuters) – The Swiss financial market supervisory authority FINMA is extending the duration of its protection measures at Sberbank Switzerland AG to Sept. 1 due to heightened international sanctions, it said on Tuesday. In March, FINMA had announced it was taking measures to protect the bank’s creditors, including wide-ranging ban on payments and transactions....
Biden, Putin strike conciliatory tones as nuclear arms talks start at U.N.
Date: August 1, 2022
By Michelle Nichols UNITED NATIONS (Reuters) -U.S. President Joe Biden said on Monday he is ready to pursue a new nuclear arms deal with Russia and called on Moscow to act in good faith as his Russian counterpart Vladimir Putin said there could be no winners in any nuclear war. Both leaders issued written statements...
Explainer-Obstacles to overcome before Ukraine grain deal eases global food crisis
Date: August 1, 2022
LONDON (Reuters) – The first ship carrying Ukrainian grain through the Black Sea since Russia invaded Ukraine more than five months ago left Odesa on Monday under a safe passage agreement that has raised hopes hundreds of other vessels will follow. But there are many hurdles to overcome before millions of tonnes of Ukrainian grain...
British PM candidate Truss boosted by former rival’s backing
Date: August 1, 2022
LONDON (Reuters) – Foreign Secretary Liz Truss’s bid to become Britain’s next prime minister got a major boost on Monday when she received the backing of a lawmaker she narrowly defeated to make it to the final two candidates vying to replace Boris Johnson. Junior trade minister Penny Mordaunt was the last contender to be...