Blackrock tells investors to give mining a chance or risk green energy transition October 30, 2023 Blackrock said investor reluctance towards mining. could lead to shortages of vital materials
Samsung braces for biggest profit slump in years as consumer tech demand dries up October 6, 2022 Samsung Electronics could be swallowing its biggest profit slump in nearly three years in the third quarter, as a global economic crunch weighs on demand for consumer tech. The Korean technology giant may have had its profit dwindle by 25 per cent to $8.3bn (£7.3bn) in the three months to September, according to analysis by [...]
Nintendo: Super Mario movie success helps drive 50 per cent sales surge August 3, 2023 Nintendo has smashed forecasts for its first quarter results as the ever-popular virtual icons Mario and Zelda continue to attract gamers. The Japanese gaming company reported net sales of 461.34bn yen (£2.5bn) for the three months ended 30 June – a 50 per cent increase from the same period of 2022 and ahead of Refinitiv [...]
Russia and Ukraine extend Black Sea grain deal in bid to lower global food prices March 18, 2023 An unprecedented wartime deal that allows grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat has been extended. The extension was announced by the United Nations and by Turkish President Recep Tayyip Erdogan, but neither confirmed the length of the extension. The UN, Turkey [...]
H&M misses sales estimates as third quarter ‘got off to a weak start’ September 15, 2022 H&M has admitted its third-quarter “got off to a weak start” as shoppers fret about stark increases to household bills. The Swedish fashion group posted weaker than expected quarterly sales on Thursday, missing out on analyst expectations. Net sales were up three per cent from a year prior, at $5.4bn. However, Refinitiv analysts had expected [...]
London Stock Exchange commits to Refinitiv deal and posts strong results April 21, 2020 London Stock Exchange has said it is making “good progress” on its planning for the $27bn (£22bn) takeover of Refinitiv, emphasising that it is still committed to the deal despite the coronavirus pandemic. In its first quarter results, LSE said its gross profit rose 13 per cent to £555m. Its total revenue rose 10 per [...]
World’s biggest gold miner Newmont tables £14.1bn offer for rival firm Newcrest February 6, 2023 Top gold producer Newmont Corp has made a £14.1bn ($16.9bn) offer for Newcrest Mining to build a global gold behemoth.
Exclusive: LSE’s chief of tech swaps markets for climate ratings with BeZero Carbon move November 7, 2022 The London Stock Exchange’s chief of tech has jumped ship to ratings agency BeZero Carbon, swapping the markets for climate technology. As the new CTO, James Turck will be responsible for driving forward the London firm’s investment to build out ratings, as well as the risk and analytics tools that help to scale the voluntary carbon [...]
Credit Suisse shares tumble to record lows as sell-off continues November 29, 2022 Shares in Credit Suisse tumbled to record lows today as investors continued to shun the firm after warnings of a $1.5bn loss last week.
City watchdog gives Bloomberg terminals and credit agencies clean-ish bill of health February 29, 2024 The FCA ruled out major interventions due to potential unintended consequences but admitted that some areas of the market do not "work well".