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Reuters - 9 hours ago

Sustainable Switch-The worst floods to hit central Europe

Sustainable Switch-The worst floods to hit central Europe Sept 19 - By Sharon Kimathi Energy and ESG Editor, Reuters Digital sharon.kimathi@thomsonreuters.com Hello, Today’s newsletter continues to follow the developments from central Europe’s fatal flood. The worst floods to hit central Europe in at least two decades have left a trail of destruction from Romania to Poland and killed at least 22 people.

Reuters - 13 hours ago

UK's Ocado soars after retail JV's outlook upgrade

BUZZ-UK's Ocado soars after retail JV's outlook upgrade Updates with share move, milestones ** Shares in British online grocer Ocado OCDO.L up 16.7% to 408.1p, highest in seven weeks ** Stock is biggest percentage gainer on FTSE midcap index .FTMC which is up 0.77% ** Ocado Retail lifted its forecast for 2023-2024 year after reporting a 15.5% increase in revenue in its latest quarter that reflected growth in customer numbers ** The joint venture between Ocado and Marks & Spencer MKS.L now sees l

Reuters - 14 hours ago

UK's Ocado seen opening 10% higher on retail JV's outlook upgrade

BUZZ-UK's Ocado seen opening 10% higher on retail JV's outlook upgrade ** Shares in British online grocer Ocado OCDO.L are seen opening 10% higher, according to premarket indicators from brokerage ** Ocado Retail lifts its forecast for 2023-2024 year after reporting a 15.5% increase in revenue in its latest quarter that reflected growth in customer numbers ** The joint venture between Ocado and Marks & Spencer MKS.L now sees low double-digit percentage growth in FY24 revenue, compared with its p

Reuters - 14 hours ago

UK's Ocado Retail lifts revenue outlook after shopper numbers grow

UPDATE 2-UK's Ocado Retail lifts revenue outlook after shopper numbers grow Q3 shopper numbers up 10.3% Q3 retail revenue rises 15.5% Lifts annual revenue guidance Sticks to annual margin guidance Recasts with CEO comments By Sarah Young LONDON, Sept 19 (Reuters) - British online supermarket Ocado Retail said it was focused on competitive pricing as it sticks with its strategy of prioritising customer growth after a strong third quarter helped lift its annual revenue guidance.

Reuters - 14 hours ago

UK's Ocado Retail lifts guidance on customer growth

UK's Ocado Retail lifts guidance on customer growth LONDON, Sept 19 (Reuters) - British online supermarket Ocado Retail lifted its guidance for its 2023-2024 year after reporting a 15.5% increase in revenue in its latest quarter that reflected growth in customer numbers. Reporting by Sarah Young; Editing by Kate Holton

Reuters - 2 days ago

UK's Asda says retail veteran Stuart Rose to lead business

UPDATE 2-UK's Asda says retail veteran Stuart Rose to lead business Co-owner Mohsin Issa steps back from leadership role Search for permanent CEO continues Asda has been losing market share Adds latest market share data paragraph 3, detail 10 to 12 By James Davey LONDON, Sept 18 (Reuters) - British supermarket group Asda, which has been losing market share, said its chairman, veteran retailer Stuart Rose, will assume the executive responsibilities of co-owner Mohsin Issa, who is stepping back fr

Reuters - 2 days ago

UK supermarket sales growth slows after summer holidays

UK supermarket sales growth slows after summer holidays UK supermarket sales up 4% in four weeks to Sept. 7 Ocado and M&S are fastest growing grocers Asda remains the worst performer LONDON, Sept 18 (Reuters) - British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer holidays, industry data showed on Wednesday.

Reuters - 2 days ago

London's Oxford Street could go traffic-free under mayor's plan

UPDATE 1-London's Oxford Street could go traffic-free under mayor's plan Previous version of plan was blocked by local council Deputy prime minister says plan will drive growth Mayor says aim is to get rid off all traffic, including bicycles Adds details, reaction in paragraphs 12-13, Khan quote in 5 By Suban Abdulla and Hannah Ellison LONDON, Sept 17 (Reuters) - London's Oxford Street, home to some of the British capital's most famous shops from Selfridges to Marks & Spencer, could be pedestria

Reuters - 2 days ago

London's Oxford Street could go traffic-free under mayor's plan

London's Oxford Street could go traffic-free under mayor's plan By Suban Abdulla LONDON, Sept 17 (Reuters) - London's Oxford Street, home to some of the British capital's most famous shops from Selfridges to Marks & Spencer, could be pedestrianised to attract more shoppers under a plan announced by city mayor Sadiq Khan on Tuesday. If approved, Oxford Street would join other major shopping hubs such as Times Square in New York and La Rambla in Barcelona that have gone fully traffic-free.

Reuters - 3 days ago

FTSE 100 rises ahead of key central bank meetings

UPDATE 1-FTSE 100 rises ahead of key central bank meetings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.1%, FTSE 250 up 0.2% Playtech leaps after hiking core profit forecast Phoenix Group down on halting SunLife sale BoE rate cut helps boost UK housing market but concerns remain Sterling gains ahead of UK inflation data, BoE meeting this week Fed monetary policy meeting, due Wednesday Updated at 1545 GMT By Khushi Singh

Reuters - 3 days ago

Target to hire 100,000 seasonal employees, launches early holiday promotions

UPDATE 4-Target to hire 100,000 seasonal employees, launches early holiday promotions Adds Walmart comment in paragraph 4 Sept 16 (Reuters) - Target TGT.N said on Monday it would employ about 100,000 seasonal workers this holiday season, in line with the last three years, even as inflation-weary shoppers are expected to stay frugal during the key shopping period.

Reuters - 4 days ago

Marks and Spencer hits more than 7-year high after Barclays hikes PT

BUZZ-Marks and Spencer hits more than 7-year high after Barclays hikes PT ** British retailer Marks and Spencer (M&S) MKS.L up 1.7% to 357.1pence, highest since June 2017 ** Barclays raises target price to 400p from 360p, maintains rating "overweight" ** Fifteen of the 17 analysts covering the stock rate it "buy" or higher and two "hold"; median PT

Reuters - 4 days ago

MTU Aero Engines, Nestle, Vusiongroup

EUROPE RESEARCH ROUNDUP- MTU Aero Engines, Nestle, Vusiongroup Sept 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including MTU Aero Engines, Nestle and Vusiongroup, on Monday. HIGHLIGHTS * Advanced Medical Solutions Group Plc AMSU.L : Peel Hunt raises target to 246p from 220p * MTU Aero Engines AG MTXGn.DE : Citigroup cuts to sell from neutral * Nestle SA NESN.S : Morgan Stanley cuts to underweight from equal-weight * Sodexo EXHO.PA : B

Reuters - 4 weeks ago

British Business - Aug. 26

PRESS DIGEST-British Business - Aug. 26 Aug 26 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The British Financial Conduct Authority has warned unregulated firms that they cannot help to arrange investment deals for private companies without regulatory permissions.

Reuters - 4 weeks ago

Sun and holidays boost UK supermarket spending but Asda struggles, says NIQ

Sun and holidays boost UK supermarket spending but Asda struggles, says NIQ UK supermarkets enjoy best growth in sales this year, says NIQ Ocado and Marks & Spencer are UK's fastest growing grocers Asda remains the laggard By James Davey LONDON, Aug 21 (Reuters) - Warm weather and household buying ahead of summer holidays accelerated sales growth at UK supermarkets in August, although No.

Reuters - 1 month ago

JDE Peet's announces surprise exit of interim CEO and chairman Vandevelde

JDE Peet's announces surprise exit of interim CEO and chairman Vandevelde By Anna Peverieri Aug 12 (Reuters) - Coffee and tea company JDE Peet's JDEP.AS said on Monday its interim CEO and chairman, Luc Vandevelde, had stepped down just four months after he was appointed . It said Chief Financial Officer Scott Gray would assume the additional role of interim CEO immediately.

Reuters - 1 month ago

Bangladesh garment factories reopen after Sheikh Hasina's flight

UPDATE 1-Bangladesh garment factories reopen after Sheikh Hasina's flight Adds comments on impact from paragraph 5 By Sam Jahan and Tanvi Mehta DHAKA, Aug 7 (Reuters) - Garment factories in Bangladesh, forecast to account for 90% of the country's exports, reopened on Wednesday hoping to swiftly resume full operations after production was disrupted by violent protests that ousted Prime Minister Sheikh Hasina this week.

Reuters - 1 month ago

Bangladesh garment factories reopen after Sheikh Hasina's flight

Bangladesh garment factories reopen after Sheikh Hasina's flight By Sam Jahan and Tanvi Mehta DHAKA, Aug 7 (Reuters) - Garment factories in Bangladesh, forecast to account for 90 % of the country's exports, reopened on Wednesday hoping to swiftly resume full operations after production was disrupted by violent protests that ousted Prime Minister Sheikh Hasina this week.

Reuters - 2 months ago

Financial Times - July 29

PRESS DIGEST- Financial Times - July 29 July 29 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK Labour's tax pledge will test plan to cut North Sea emissions, warns Equinor boss - Ocado chief plans to retain group's stake in M&S joint venture - UK ports to demand compensation if post-Brexit trade barriers with EU are lowered - Kemi Badenoch enters Tory race with vow to renew party b

Reuters - 2 months ago

Some sun, football and promotions fuel UK groceries spending, says NIQ

Some sun, football and promotions fuel UK groceries spending, says NIQ UK grocers sales up 3.6% yr/yr in 4 weeks to July 13 38% of branded goods sales made on promotion Ocado is fastest growing grocer, Asda the laggard By James Davey LONDON, July 24 (Reuters) - A week of hot summer weather at the end of June, England reaching the final of the Euro 2024 soccer championship and promotions on branded goods drove UK grocery sales over the last month, industry data showed on Wednesday.

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