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Walgreens keeps forecast as waning COVID vaccine demand weighs

Reuters
June 30 (Reuters) – Walgreens Boots Alliance Inc (WBA.O)on Thursday maintained its full-year earnings forecast due to declining COVID vaccinations, even as the drugstore retailer beat quarterly estimates on the back of strength in its UK-based Boots business. Shares of the second-biggest U.S. drugstore retailer by store count fell 4%......

Gazprom shares dive after dividend cancelled for first time since 1998

Reuters
Logo of the Russian energy company Gazprom is seen on а station in Sofia, Bulgaria, April 27, 2022. REUTERS/Spasiyana Sergieva Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, June 30 (Reuters)......

Emerging markets face bleak outlook after stormy start to the year

Reuters
An electronic board showing the graph of the recent fluctuations of market indices is seen as a man works on the floor of Brazil’s B3 Stock Exchange in Sao Paulo, Brazil, July 25, 2019. REUTERS/Amanda Perobelli/File Photo Register now for FREE unlimited access to Reuters.com Register War worries and rate......

S&P 500 limps to slightly lower close as quarter-end looms

Reuters
U.S. economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down......

H&M profit jumps as shoppers hit stores after pandemic

Reuters
The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, June 29 (Reuters) – H&M (HMb.ST), the world’s second-biggest fashion retailer, reported a forecast-beating 33% increase in March-May profit on Wednesday......

Credit Suisse tempers growth plans in turbulent market

Reuters
The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, June 28 (Reuters) – Credit Suisse (CSGN.S) may “temper” some of its key growth initiatives in......

Raft of U.S. banks raise dividends after stress tests

Reuters
BANGALURU/NEW YORK, June 27 (Reuters) – Morgan Stanley (MS.N), Goldman Sachs (GS.N), Bank of America (BAC.N)and Wells Fargo (WFC.N) hiked their dividends on Monday while JPMorgan & Chase (JPM.N) kept its payout flat, after the U.S. banks cleared their annual stress test exerciselast week. The U.S. FederalReserve said on Thursday......

China’s industrial profits slump for second month in May

Reuters
BEIJING, June 27 (Reuters) – Profits at China’s industrial firms shrank at a slower pace in May following a big slump in April, due to the resumption of activity in major manufacturing hubs, but COVID-19 curbs still weighed on factory production and squeezed factory margins. Profits fell 6.5% from a......

Frontier raises offer for Spirit to stave off JetBlue’s bid

Reuters
A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau//File Photo Register now for FREE unlimited access to Reuters.com Register June 24 (Reuters) – Spirit Airlines Inc (SAVE.N) on Friday urged its shareholders to back a......

Bargain cruises may hurt Carnival margins

Reuters
The Carnival cruise ship Sunrise is seen docked at Miami Port, in Miami, Florida, U.S., June 18, 2022. Picture taken with a drone. REUTERS/Marco Bello Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 23 (Reuters) – Carnival Corp (CCL.N) is expected to report a smaller quarterly......

Italy’s Monte dei Paschi seeks 2.5 bln euros for latest relaunch plan

Reuters
People are seen inside a Monte dei Paschi di Siena bank in Rome, Italy August 16, 2018. REUTERS/Max Rossi Register now for FREE unlimited access to Reuters.com Register Targets 3,800 voluntary staff exits in November Secures pre-underwriting accord with group of banks To lower costs, replenish capital with cash call......

Lennar flags home demand cooldown as surging interest rates spook buyers

Reuters
Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, U.S., November 13, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – U.S. homebuilder Lennar Corp (LEN.N) on Tuesday warned of a downturn in......

Primark to trial Click & Collect but online delivery still off the agenda

Reuters
The Primark logo can be seen on windows at Primark’s new Spanish flagship store in Madrid, Spain, October 15, 2015. REUTERS/Andrea Comas Register now for FREE unlimited access to Reuters.com Register To trial Click & Collect on children’s products Primark sales up 81% in third quarter Parent AB Foods’ sales......

Far-right sends shockwaves in France after electoral breakthrough

Reuters
Historic number of seats for far-right in parliament Le Pen’s strategy to turn party mainstream succeeds Finance minister bemoans far-right break through PARIS, June 19 (Reuters) – France’s far-right scored a historic success in legislative elections on Sunday increasing its number of lawmakers almost tenfold and cementing the party’s rise......

Tesco says Britons buying less and trading down to navigate inflation

Reuters
General view of a Tesco Extra store sign in Bletchley, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers Register now for FREE unlimited access to Reuters.com Register Says market environment is “incredibly challenging” Customers are increasing shopping trips, buying less Customers also buying cheaper products Reiterates full-year outlook LONDON,......

Analysis: Investors worry that U.S. profit forecasts are too high

Reuters
A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 16 (Reuters) – Concerns are growing that U.S. corporate earnings are increasingly......

IKEA puts Russian factories up for sale, plans job cuts

Reuters
Stores in Russia will remain closed Will seek to sell factories Aims to reduce 15,000-strong workforce Ingka’s 14 “MEGA” shopping malls in Russia to stay open STOCKHOLM, June 15 (Reuters) – IKEA said on Wednesday it would sell factories, close offices and reduce its 15,000-strong workforce in Russia, the latest......

S&P 500 dips with Fed policy announcement on tap

Reuters
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 7, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register FedEx jumps after lifting quarterly dividend by more than 50% Oracle rises as sales, profit top estimates......

Ferrari names Carla Liuni new chief brand officer

Reuters
A Ferrari logo is pictured during the ‘Universo Ferrari’ exhibition, in Maranello, Italy, September 9, 2019. REUTERS/Flavio lo Scalzo/File Photo Register now for FREE unlimited access to Reuters.com Register MILAN, June 13 (Reuters) – Ferrari (RACE.MI) on Monday named former jewellery executive Carla Liuni as its new chief brand officer......

France’s Cristal Union lures farmers to secure sugar beet supplies

Reuters
Granulated white sugar and sugar cubes are seen in this picture illustration taken December 16, 2018. REUTERS/Emmanuel Foudrot/Illustration Register now for FREE unlimited access to Reuters.com Register PARIS, June 13 (Reuters) – French sugar and ethanol maker Cristal Union promised farmers high prices for their 2023 sugar beet harvest in......

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