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Armani revenues up 20% in H1 after 2021 recovery
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Wickremesinghe, a wily political survivor, elected Sri Lanka’s president
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Barclays sets up Taiwan subsidiary, to offer brokerage services
Euro zone current account deficit widens again on large energy bill
Date: July 20, 2022
FRANKFURT (Reuters) – The euro zone’s current account deficit widened further in May as the bloc’s import bill continued to rise on soaring energy costs, European Central Bank data showed on Wednesday. The 19-country currency bloc has run a large current account surplus for the past decade thanks to massive exports of goods and services...
European shares rise on easing energy supply worries; Draghi speech in focus
Date: July 20, 2022
(Reuters) – European shares scaled near six-week highs on Wednesday as energy supply worries eased following a report that Russian gas supplies would resume as scheduled, while Italian Premier Mario Draghi’s parliament address was also in focus amid a political crisis. The STOXX 600 index rose 0.4% by 0710 GMT, extending gains to a fourth...
Exit from Taiwan lifts shares of French company Carrefour
Date: July 20, 2022
PARIS (Reuters) – Shares in French food retailer Carrefour rose 3% on Wednesday after it agreed to sell its remaining 60% stake in its Taiwan business, sparking hopes among some investors it could use the extra firepower to buy back shares. By 0702 GMT, Carrefour shares were up 3.01% at 17.48 euros. The transaction, which...
Factory shutdown to hit Barry Callebaut after 9-month sales rise
Date: July 20, 2022
By Silke Koltrowitz ZURICH (Reuters) -Barry Callebaut expects a “notable financial impact” in its fourth quarter from the shutdown of its Wieze factory as the world’s biggest chocolate maker said on Wednesday that strong demand boosted sales in the nine months to May. Sales volumes grew 7.9% to 1,751 thousand tonnes in the first nine...
Royal Mail expects UK business to break even this year
Date: July 20, 2022
(Reuters) -Royal Mail said on Wednesday it expects annual adjusted operating profit at its UK business to be “around break-even,” after it reported a quarterly loss due to higher costs and a “stalled” transformation due to labour disputes. The post and parcel delivery firm also said its holding company Royal Mail Plc would be renamed...
Telia’s core earnings beat expectations on 5G demand
Date: July 20, 2022
STOCKHOLM (Reuters) -Nordic telecom operator Telia reported on Wednesday quarterly core earnings that exceeded market expectations, helped by growth in its mobile business and a tight lid on costs. The company, which offers mobile connections, broadband and television services in Scandinavian countries and the Baltics, also repeated its 2022 forecast despite inflation boosting costs and...