By Lawrence White and Iain Withers LONDON (Reuters) -Barclays has put its $1.25 billion share buyback plan on hold until talks with U.S. regulators over a major trading blunder have been resolved, piling early pressure on the British bank’s new Chief Executive C.S. Venkatakrishnan. Barclays disclosed on March 28 that it had exceeded a U.S….
LONDON (AP) — Britain announced Thursday that it is postponing until the end of 2023 some checks on imports from the European Union that are required under post-Brexit trade rules, citing economic disruption caused by the war in Ukraine. It’s the fourth time the U.K. has delayed checks it agreed to as part of its…
COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg said Thursday that it saw a strong growth in the first three months of the year despite trying to sell its business in Russia, where it generated around 10% of its sales, reporting it saw “only limited impact from the war” in Ukraine. While Carlsberg beer is no…
DALLAS (AP) — Southwest Airlines lost $278 million in the first quarter but said Thursday that it expects to be profitable for the rest of the year because of surging demand for travel. The upbeat forecast echoed similar predictions this month from other big U.S. airlines. They say that after being mostly cooped up for…
By Krishna N. Das and Munsif Vengattil NEW DELHI (Reuters) – India has reiterated its position on social-media accountability in response to Elon Musk’s pending takeover of Twitter, saying platforms must make checks on users and content. A change in ownership would make no difference, Rajeev Chandrasekhar, India’s junior minister for electronics and technology, said…
Caterpillar’s first-quarter sales climbed on strong demand for construction equipment despite supply chain challenges that continue to plague businesses ranging from car and phone makers to grocery stores. And the Deerfield, Illinois, manufacturer is not immune to surging inflation that has run up costs for both consumer and companies across the globe. Costs and expenses…
Higher U.S. menu prices and easing COVID-19 restrictions in Europe helped McDonald’s offset troubled markets like China and Russia during the first quarter. Revenue rose 11% to $5.66 billion in the January-March period, topping Wall Street expectations of $5.57 billion, according to analysts polled by FactSet. The Chicago burger giant said U.S. prices were up…
By Mike Stone and Ashwini Raj (Reuters) – U.S. weapons maker Northrop Grumman Corp reported a fall in first-quarter sales and adjusted profit on Thursday, hit by labor shortages and supply chain issues. An acute labor shortage due to the Omicron-led surge in coronavirus infections led to demand for workers far outpacing supply. Chief Executive…
By Richa Naidu (Reuters) -Unilever raised prices by over 8% in the first quarter and warned more hikes were on the way as the maker of Dove soap and Ben & Jerry’s ice cream lifted its cost inflation forecast for the second half of the year due to the Ukraine conflict. The company said it…
MILAN (Reuters) – Andrea Guerra, the former chief executive of Italian eyewear giant Luxottica, is leaving LVMH after leading its hotel business over the past two years, the French luxury goods group said on Thursday. Guerra, who had also taken on oversight of the group’s Fendi and Loro Piana Italian fashion brands and LVMH’s Thelios…
