Author Archives: Syndicated Content
China lockdowns limit Burberry's first-quarter sales growth to 1%
LONDON (Reuters) -British luxury brand Burberry on Friday said its first-quarter comparable store sales rose by 1%, limited by COVID-19 lockdowns in China, its biggest market. Outside mainland China, ...
Jul 15, 2022
UK's Aston Martin to raise 653 million pounds, Saudi's PIF to become major investor
(Reuters) -Aston Martin said on Friday it was looking to raise 653 million pounds ($771.58 million) through a right issue to shareholders, while bringing in Saudi Arabia's sovereign wealth fund as its...
Jul 15, 2022
UK fast-charging battery startup Nyobolt raises $59 million
By Nick Carey LONDON (Reuters) - British fast-charging battery startup Nyobolt said on Friday it has raised 50 million pounds ($59 million) in Series B funding to build a UK manufacturing plant in 202...
Jul 15, 2022
Britain says Bakhmut likely to be Russia's next objective in Ukraine
(Reuters) - Russian forces have been slowly advancing westwards following shelling and probing assaults towards the town of Siversk in Ukraine's Donetsk region from Lysychansk, Britain's defence minis...
Jul 15, 2022
EU commission to sue Hungary over anti-LGBT law - Politico
Brussels (Reuters) - The European Union Commission will sue Hungary over its anti-LGBT law, news website Politico said on Friday, citing Hungarian newspaper Npszava. The law passed in June sparked anx...
Jul 15, 2022
Column: Undermining half the 30-year bond bull run: Mike Dolan
By Mike Dolan LONDON (Reuters) - A more insular world economy will come at a high price if the era of global currency reserve building follows globalisation into reverse. By some estimates, it could r...
Jul 15, 2022
Richemont posts 12% Q1 sales increase as markets outside Asia grow
ZURICH (Reuters) -Luxury goods group Richemont said on Friday higher sales in Europe, the Americas, Japan and the Middle East offset lower sales in the Asia Pacific region during the three months to J...
Jul 15, 2022
Chocolate factory to restart production after salmonella scare - Barry Callebaut
BERLIN (Reuters) - Barry Callebaut said that it would restart the first chocolate production lines as of early August at its factory in Wieze, Belgium, following a salmonella outbreak at the site. The...
Jul 15, 2022
Ericsson's $6.2 billion Vonage takeover gets U.S. clearance
COPENHAGEN (Reuters) - Sweden's Ericsson said on Friday it had received clearance from the Committee on Foreign Investment in the United States (CFIUS) to complete its acquisition of cloud communicati...
Jul 15, 2022
TomTom's Q2 loss widens as inflation, supply chain issues weigh
(Reuters) - Dutch navigation and digital mapping company TomTom on Friday reported worse-than-expected loss for the second quarter, citing high inflation and strained supply chains. The Amsterdam-base...
Jul 15, 2022
