By Dominique Vidalon PARIS (Reuters) – French spirits group Pernod Ricard reported a bigger-than-expected decline in third-quarter sales but said it was confident of delivering a strong performance over the 2022/2023 full year, predicting “very strong” sales in the fourth quarter. Pernod, the world’s second-biggest spirits group after Diageo, said that it expected consumer demand…
By Padraic Halpin DUBLIN (Reuters) -Global leasing giant Avolon said on Thursday it had committed to ordering 40 Boeing 737 MAX aircraft in a deal worth over $4 billion at current list prices, a boost for the U.S. planemaker as it grapples with fresh delivery issues. Avolon, the world’s third largest aircraft leasing firm, said…
By Laurie Chen and Sophie Yu BEIJING (Reuters) – Queues stretch hundreds of metres around temples in China on weekends, as despondent young worshippers pray to find jobs in an economy slowly clawing its way back from the coronavirus pandemic. “I hope to find some peace in temples,” said 22-year-old Wang Xiaoning, pointing to “the…
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. Germany’s biggest bank produced solid earnings at a time when banks had to be…
By Sarah N. Lynch, Idrees Ali and Phil Stewart (Reuters) -A U.S. Air National Guardsman accused of leaking classified military documents has a history of making violent threats, used his government computer to research mass shootings, and tried to destroy evidence of his crimes, federal prosecutors said on Wednesday. In a 48-page filing, the Justice…
By Lawrence White LONDON (Reuters) – Allegations made against British bank Barclays’ former CEO Jes Staley regarding his ties with sex offender Jeffrey Epstein are “very serious”, the lender’s current CEO C.S. Venkatakrishnan said on Thursday. In a call with reporters after the lender’s first quarter results were published, Venkat said he was not in…
By Marie Mannes STOCKHOLM (Reuters) -Sweden-based automaker Volvo Cars reaffirmed its outlook on Thursday and said it saw no point in cutting prices given healthy demand as its operating earnings beat estimates. Its shares shot up 8% at the market open before retreating to trade flat at 0736 GMT, which Bernstein analyst Daniel Roeska said…
By Scott Murdoch and Donny Kwok (Reuters) -Chinese spirit maker ZJLD Group’s shares ended down 18% on their first day of trading on Thursday, dampening hopes that a positive debut for the largest new share sale in Hong Kong in 2023 could spark a rush of listings in the second half. The KKR-backed company raised…
By David Morgan and Richard Cowan WASHINGTON (Reuters) – The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government’s $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. The bill isn’t expected to pass the Senate, and President Joe Biden would veto it if it did…
By Elizabeth Howcroft LONDON (Reuters) -European commercial real estate investment fell to its lowest in 11 years in the first quarter of 2023, MSCI Real Assets said on Thursday, as investors spooked by higher interest rates and the economic outlook put acquisition plans on ice. The number of offices sold – Europe’s largest real estate…
