(Reuters) – Upper Crust owner SSP said on Friday its revenue took a hit from restrictions imposed to contain the spread of the Omicron COVID-19 variant, while saying sales were recovering after the lifting of curbs in the UK and some European markets. The group said its sales in the latest eight weeks to Jan….
COPENHAGEN (Reuters) – Danish brewer Carlsberg on Friday reported fourth-quarter sales above expectations and forecast organic operating profit growth this year at 0-7%, below last year’s level. The world’s third-biggest brewer said sales in the fourth quaretr reached 15.2 billion Danish crowns ($2.34 billion), against 14.7 billion crowns estimated by analysts in a poll by…
NEW YORK (AP) — Wall Street closed out a mostly upbeat week for stocks Friday with a mixed finish for the major indexes and a surge in Treasury yields after a blowout U.S. jobs report raised investors’ expectations that the Federal Reserve may soon start raising interest rates sharply. The S&P 500 settled for a…
STOCKHOLM (Reuters) -Automaker Volvo Cars and battery manufacturer Northvolt will build their joint battery manufacturing plant in Gothenburg, western Sweden, the two companies said on Friday. The new 50-gigawatt-hour (GWh) plant will create up to 3,000 jobs and make battery cells specifically developed for use in next-generation pure electric Volvo and Polestar cars, the Sweden-based…
By David Randall NEW YORK (Reuters) – Diverging earnings from megacap growth stocks are fueling wild swings in equities, opening the door for more volatility on the heels of last month’s sharp drop as investors grow more discerning in the names they pick. Many market participants hoped that earnings from the big, tech-focused stocks that…
By Alun John HONG KONG (Reuters) – The euro was heading for its best week since March 2020 and was testing a near three-month high after Thursday’s hawkish shift from the European Central Bank stoked speculation about the pace and timing of rate hikes. Though the ECB kept rates on hold as widely expected, the…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth likely slowed sharply in January as COVID-19 infections lashed the nation, disrupting activity at high-contact business, a temporary setback to the labor market recovery that was already reversing at the end of the month. There is even a strong possibility that the economy lost jobs last…
