By Granth Vanaik (Reuters) -Domino’s Pizza on Monday beat Wall Street estimates for quarterly profit, supported by easing supply chain pressures and lower food costs including cheese even as demand remained pressured by still higher menu prices and delivery charges. The company’s shares reversed course from premarket to trade up 2% as investors focused on…
By Aby Jose Koilparambil (Reuters) – British homebuilders are building fewer homes, cutting down on land purchases and offering more incentives as high mortgage rates and the lack of any immediate support from the government make homes less affordable for first-time buyers. Top UK residential builder Barratt said this month it would build around 20%…
By Medha Singh (Reuters) -Shares of retail traders’ favorite AMC Entertainment Holdings soared on Monday after a U.S. court blocked the theater chain’s stock conversion plan that risked diluting investors’ holdings. A Delaware court judge said on Friday declined to approve the proposed settlement by AMC in a case that has alleged the company planned…
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – Tesla representatives are set to meet India’s commerce minister this month to discuss plans to build a factory to produce what the company has described as an all-new $24,000 car, a person with direct knowledge of the matter told Reuters. Tesla has expressed an interest…
(Reuters) -Self-storage operator Public Storage said on Monday it has entered a deal to buy Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion, as it looks to expand its market presence. Demand for storage space has waned from the heights of the pandemic, as people return to offices, and some…
(Reuters) -Mexico’s headline inflation rate eased to 4.79% in the first half of July to its lowest level in more than two years, the national statistics agency said on Monday, but was still above the central bank’s official target of 3%. The level, which was the lowest since March 2021, was also slightly above the…
(Reuters) -Shares of Wall Street’s most valuable companies were mixed on Friday ahead of a rebalance of the Nasdaq 100 index to address the benchmark’s “overconcentration.” Nvidia and Tesla dipped 1.4% and 0.4%, respectively, while Alphabet added nearly 1% and Apple and Amazon were near unchanged. Before trading begins on Monday, exchange operator Nasdaq will…
By Jason Xue and Tom Westbrook SHANGHAI/SYDNEY (Reuters) -Stocks and bonds in China’s real estate industry fell to around eight-month lows on Monday as fears of a cash crunch at two of the country’s biggest developers, Country Garden and Dalian Wanda, deepened a crisis of confidence in the sector. The slump suggests the troubles that…
LONDON (Reuters) -Guy Hands, one of Britain’s highest profile financiers, has stepped down as chairman of Terra Firma Capital Partners, the private equity firm he founded, after more than two decades in the role. Hands built up a reputation as a well-known and outspoken dealmaker in the private equity world, who was behind deals including…
By Diana Mandia (Reuters) -Health technology group Philips posted a fourth straight drop in order intake on Monday and warned that it expects global market conditions to remain highly uncertain, sending its shares down 5% from a recent 12-month high. The Amsterdam-based group, a former industrial conglomerate that now focuses on medical technology, said order…
