Ed Warner: Forget WrestleMania, Super Bowl or the Olympics – London mayor should seek hefty portfolio of sporting events
McDonald’s revenue growth to moderate as menu prices ease July 27, 2023 McDonald’s said on Thursday that revenue growth was expected to moderate in the second half of the year as signs of easing inflation prompt the burger giant to temper menu prices. Shares of the company were, however, up 1.5 per cent in morning trading after the burger chain posted better-than-expected quarterly profit and sales as [...]
Mastercard beats profit estimates on spending boost July 27, 2023 Mastercard on Thursday reported a bigger-than-expected rise in second-quarter profit, boosted by resilient spending in a turbulent economy.
Income falls for Total Energies as refining profits slump July 27, 2023 French oil company TotalEnergies posted a drop in second-quarter net income on Thursday, reflecting lower natural gas prices,
EU launches investigation into Microsoft’s bundling of Office and Teams after Slack complaint July 27, 2023 The European Union will investigate Microsoft over its bundling of Office and Teams. Thursday’s announcement comes amid fears the packaging of productivity software Office with messaging and videoconferencing app Teams gives the tech giant an unfair edge over competitors. The 27-nation bloc’s top competition enforcer, the European Commission, said it will carry out the probe [...]
Nestle sales outlook brightens after strong first half July 27, 2023 Nestle improved its full-year organic sales outlook and reported better-than-expected first-half organic sales, as the world’s biggest packaged food company again raised prices to cope with higher input costs. Nestle said it is narrowing its full-year organic sales growth guidance – which does not include the impact of currency movements and acquisitions – to a [...]
The Square Mile and Me: Prospective alderman Marcus Fincham takes a stroll down memory lane July 27, 2023 We dig into the memory bank of the City’s great and good: this week, Marcus Fincham, prospective City alderman, reveals his top spots, favourite memories and career highlights. What was your first job? Working in a kennels – it was great fun feeding the dogs, but less fun cleaning up after them. What was your [...]
BNP Paribas beats estimates on debt financing and cost management July 27, 2023 BNP Paribas, the euro zone’s biggest bank, beat estimates in the second quarter as its corporate debt financing business and strong cost management partly offset a slump in securities trading. The French lender’s second-quarter net income fell 4.9 per cent on a reported basis to €2.8bn (£2.4bn), beating the €2.5bn analyst consensus compiled by the [...]
EDF swings to profit with energy firm powered by price increases July 27, 2023 French nuclear power giant EDF swung to profit in the first half of the year, rebounding from a record loss in 2022.
Coca-Cola forecasts upbeat annual results on higher prices, steady demand July 26, 2023 Coca-Cola Co raised its annual revenue and profit forecasts after beating quarterly results on the back of higher pricing, with demand for its sodas remaining resilient at a time when consumers are cutting back on non-essential spending. The company’s shares rose about one per cent in premarket trading on Wednesday. The results point to steady [...]
Uniper upgrades outlook and considers state aid repayments after bailout July 26, 2023 Bailed-out Uniper expects billions of euros in profits in 2023 as a result of more favourable than expected gas price developments.