Business

Exclusive-Samsung Electronics says it is not interested in spinning off foundry business

Exclusive-Samsung Electronics says it is not interested in spinning off foundry business

  By Neil Jerome Morales and Heekyong Yang MANILA/SEOUL (Reuters) – Samsung Electronics is not interested in spinning off i..

Italgas sees double-digit income growth to 2030, ups minimum dividend rise

Italgas sees double-digit income growth to 2030, ups minimum dividend rise

  By Francesca Landini and Cristina Carlevaro MILAN (Reuters) -Italy’s biggest gas distributor Italgas expects double-digit..

Keter Channels Its Sustainability Focus into Green Spaces and Recycling Partnerships

Keter Channels Its Sustainability Focus into Green Spaces and Recycling Partnerships

Keter brings its enduring sustainability commitment to life in multiple ways. First, this global consumer lifestyle solutions leader f..

Exclusive-Online retailer Shein to hold roadshows soon ahead of London IPO, sources say

Exclusive-Online retailer Shein to hold roadshows soon ahead of London IPO, sources say

By Julie Zhu, Amy-Jo Crowley and Hadeel Al Sayegh HONG KONG/LONDON (Reuters) – Shein is set to hold informal investor meetings i..

Levi Strauss shares fall on weak holiday-quarter forecast

Levi Strauss shares fall on weak holiday-quarter forecast

(Reuters) – Levi Strauss’ shares fell about 7% on Thursday after a tepid forecast for holiday-quarter revenue underscored ..

Britain’s Tesco lifts profit outlook after strong first half

Britain’s Tesco lifts profit outlook after strong first half

By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursday after..

Euro area long-dated yields rise after sharp drop, geopolitics in focus

Euro area long-dated yields rise after sharp drop, geopolitics in focus

By Stefano Rebaudo (Reuters) – Euro area government bond yields rose on Wednesday, a day after long-dated yields posted their ..

Sainsbury’s boss looks to UK budget to lift spending gloom

Sainsbury’s boss looks to UK budget to lift spending gloom

By James Davey COBHAM, England (Reuters) – Britons bruised by a cost of living crisis will not start spending strongly again unt..

SoftBank to invest $500 million in OpenAI, The Information reports

SoftBank to invest $500 million in OpenAI, The Information reports

  (Reuters) – Japanese telecom company SoftBank’s Vision Fund will invest $500 million in OpenAI’s latest fundi..

Grifols plans to invest $402 million in new industrial centre, El Economista says

Grifols plans to invest $402 million in new industrial centre, El Economista says

  (Reuters) – Spanish drugmaker Grifols plans to invest 360 million euros ($401.98 million) to build a new industrial plant..

Discounter Pepco’s sales hurt by supply chain disruption

Discounter Pepco’s sales hurt by supply chain disruption

  By James Davey LONDON (Reuters) -European discount retailer Pepco Group said its fourth-quarter underlying revenue was lower th..

Miniso shares slump on plans to buy stake in Yonghui Superstores

Miniso shares slump on plans to buy stake in Yonghui Superstores

  HONG KONG (Reuters) -Shares of Miniso Group Holding plunged as much as 39.2% to HK$20 ($2.57) on Tuesday after the company said..

Nike veteran Hill to replace Donahoe as CEO; shares jump

Nike veteran Hill to replace Donahoe as CEO; shares jump

By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the comp..

Nike’s next CEO Hill brings a bootstraps mentality

Nike’s next CEO Hill brings a bootstraps mentality

By Nicholas P. Brown (Reuters) – Elliott Hill started at Nike as an intern in 1988 but steadily scaled its ranks, banking on v..

UK supermarket sales growth slows after summer holidays

UK supermarket sales growth slows after summer holidays

LONDON (Reuters) – British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer ..

French millers face long grind as rain-hit wheat harvest comes in

French millers face long grind as rain-hit wheat harvest comes in

PARIS (Reuters) – Flour mills in France are facing higher costs and a long search for grain as they feel the effects of a dire w..

French central bank sees consumer gains easing budget pains

French central bank sees consumer gains easing budget pains

  PARIS (Reuters) – France’s economy is set to gain momentum in the coming two years as lower inflation boosts consum..

BP to sell its US onshore wind business

BP to sell its US onshore wind business

(Reuters) -BP plans to sell its U.S. onshore wind energy business, it announced on Monday, saying the assets were not aligned with its..

Central Europe factories and retailers shut in flood-hit areas

Central Europe factories and retailers shut in flood-hit areas

By Jan Lopatka PRAGUE (Reuters) -Factories and stores across central Europe shut down production lines and closed their doors on Monda..

British ministers head to Gulf for talks on new trade deal

British ministers head to Gulf for talks on new trade deal

(Reuters) – Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible..

UK’s Domino’s Pizza plans to hire 5,000 staff ahead of peak holiday season

UK’s Domino’s Pizza plans to hire 5,000 staff ahead of peak holiday season

  (Reuters) – Britain’s Domino’s Pizza Group said on Monday that it plans to hire 5,000 staff across the UK and..

Saipem wins $4 billion contract from QatarEnergy

Saipem wins $4 billion contract from QatarEnergy

  (Reuters) – Italian energy engineering group Saipem said on Sunday it had won an offshore contract worth $4 billion from ..

US locks in steep China tariff hikes, many to start Sept. 27

US locks in steep China tariff hikes, many to start Sept. 27

By David Lawder (Reuters) -The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty o..

Zara to offer its secondhand clothes service in US by October

Zara to offer its secondhand clothes service in US by October

MADRID (Reuters) – Zara will offer its service for selling, repairing or donating secondhand clothes in the United States by the..

Scotland’s only oil refinery to close next year, 400 jobs to go

Scotland’s only oil refinery to close next year, 400 jobs to go

By Ron Bousso and Robert Harvey LONDON (Reuters) -Grangemouth, Scotland’s only oil refinery, is to close in 2025 with the loss o..

Zara owner Inditex sees early autumn sales perk up after summer slowdown

Zara owner Inditex sees early autumn sales perk up after summer slowdown

By Corina Pons MADRID (Reuters) -Zara owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday, boosting it..

Services’ grip on UK economy tightens as manufacturing share ebbs further

Services’ grip on UK economy tightens as manufacturing share ebbs further

By Andy Bruce (Reuters) – Britain’s shift towards a services-dominated economy is accelerating, pushing manufacturing̵..

Etihad Airways plans IPO no earlier than 2025, sources say

Etihad Airways plans IPO no earlier than 2025, sources say

By Hadeel Al Sayegh, Andres Gonzalez and Federico Maccioni DUBAI/LONDON (Reuters) -Abu Dhabi’s Etihad Airways plans to make its ..

Key events at Nike under CEO John Donahoe

Key events at Nike under CEO John Donahoe

(Reuters) – Nike will hold its annual meeting virtually on Tuesday and a key issue to be voted on will be a workers’ right..

Retail, consumer CEOs see shorter tenures as boards act more quickly

Retail, consumer CEOs see shorter tenures as boards act more quickly

By Svea Herbst-Bayliss and Richa Naidu NEW YORK/LONDON (Reuters) – When two of the most powerful brands in retail and packaged f..

UK pay growth cools, keeping BoE on track for another rate cut

UK pay growth cools, keeping BoE on track for another rate cut

By Andy Bruce and Suban Abdulla LONDON (Reuters) -British pay growth cooled in the three months to July to a more than two-year low an..

Aldi UK says shoppers trading up as inflation eases

Aldi UK says shoppers trading up as inflation eases

By Paul Sandle LONDON (Reuters) -Supermarket group Aldi UK said its prices this summer were on average lower than a year ago, easing s..

UK retailer John Lewis to bring back 100-year old price pledge

UK retailer John Lewis to bring back 100-year old price pledge

  By Sarah Young LONDON (Reuters) – British department store John Lewis is reintroducing its 100-year old “Never Know..

Maersk says impact from Red Sea attacks continues to intensify

Maersk says impact from Red Sea attacks continues to intensify

  STOCKHOLM (Reuters) – The negative impact on maritime shipping and global supply chains from attacks in the Red Sea conti..

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

  (Reuters) – If producer group OPEC+ doesn’t reduce production further, the average price of oil could drop to $60 p..

South Africa’s SPAR sells Polish business to Specjal

South Africa’s SPAR sells Polish business to Specjal

  JOHANNESBURG (Reuters) – South Africa’s second-biggest grocery group SPAR has sold its loss-making business in Pola..

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll

  By Pranoy Krishna BENGALURU (Reuters) – Bank Negara Malaysia (BNM) will leave its key interest rate unchanged on Thursday..