LONDON (Reuters) – Britain’s competition regulator said on Friday it had fined Facebook-owner Meta 1.5 million pounds ($2 million) over fresh issues regarding its purchase of Giphy, a sanction that the U.S. firm said it would accept. Britain’s Competition and Markets Authority (CMA) has taken a tough line with major tech groups in recent years,…
HONG KONG (Reuters) – China Evergrande Group will continue with efforts to sell a plot of undeveloped land in Hong Kong even after the appointment of a receiver by a creditor, a person with direct knowledge of the matter said. The appointment of a receiver will also not have any bearing on the group’s restructuring…
(Corrects 13th paragraph of Feb 3 article to say Elie Girard departed, not that he was ousted) By Mathieu Rosemain and Julien Ponthus PARIS (Reuters) – The French government holds the final keys to any move to buy the BDS cybersecurity division of France’s Atos, industry sources and analysts said, after French defence company Thales…
A look at the day ahead in markets from Sujata Rao. Misfortunes don’t come singly, so the idiom goes, and markets are being whiplashed by a whole slew of negatives, that could see this month turn again into the nightmare that was January. For now, stocks are attempting to claw their way higher, after a…
(Reuters) -Upper Crust owner SSP said on Friday its sales were recovering after a slowdown in recent weeks, when fewer people travelled due to Omicron-led curbs that hit its stores at train stations and airports. The London-listed firm said it made an underlying core profit in the first quarter to December, and this month repaid…
(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…
