Town Hall News

By John Revill (Reuters) -Siemens raised its full year sales and profit guidance on Wednesday after the German engineering and technology group beat sales forecasts during its second quarter. The maker of products ranging from trains and industrial software was in confident mood, boosted by its enormous order book which continued to expand, and a further easing in supply chain bottlenecks. Continued strong demand also helped its factory automation and […]

By Tassilo Hummel PARIS (Reuters) – French former president Nicolas Sarkozy lost his appeal against a 2021 conviction for corruption and influence peddling at the Paris Court of Appeals on Wednesday. The court upheld a three-year prison sentence. It said two of those years were suspended and that Sarkozy would wear an electronic bracelet instead of going to jail for the remaining year. Sarkozy arrived in court wearing a dark […]

By James Davey LONDON (Reuters) -JD Sports Fashion said on Wednesday it expected profit to exceed 1 billion pounds ($1.3 billion) for the first time this year as demand for trainers, joggers and hoodies from its younger shoppers keeps growing. JD has proved resilient to the cost-of-living crisis, with many of its young consumers not yet burdened by household bills, while its relationships with Nike and Adidas means special access […]

By James Davey LONDON (Reuters) -JD Sports Fashion said on Wednesday it expected profit to exceed 1 billion pounds ($1.3 billion) for the first time this year as demand for trainers, joggers and hoodies from its younger shoppers keeps growing. JD has proved resilient to the cost-of-living crisis, with many of its young consumers not yet burdened by household bills, while its relationships with Nike and Adidas means special access […]

By John Revill and Selena Li (Reuters) -UBS Group AG expects a financial hit of about $17 billion from the takeover of Credit Suisse Group AG, the bank said in a regulatory presentation as it prepares to complete the rescue of its struggling Swiss rival. UBS estimates a negative impact of $13 billion from fair value adjustments of the combined group’s assets and liabilities. It also sees $4 billion in […]

By John Revill and Selena Li (Reuters) -UBS Group AG expects a financial hit of about $17 billion from the takeover of Credit Suisse Group AG, the bank said in a regulatory presentation as it prepares to complete the rescue of its struggling Swiss rival. UBS estimates a negative impact of $13 billion from fair value adjustments of the combined group’s assets and liabilities. It also sees $4 billion in […]

By Michelle Nichols UNITED NATIONS (Reuters) – The last ship is due to leave a port in Ukraine on Wednesday under a deal allowing the safe Black Sea export of Ukraine grain, said a U.N. spokesperson, a day before Russia could quit the pact over obstacles to its grain and fertilizer exports. The United Nations and Turkey brokered the Black Sea deal for an initial 120 days in July last […]

By Michelle Nichols UNITED NATIONS (Reuters) – The last ship is due to leave a port in Ukraine on Wednesday under a deal allowing the safe Black Sea export of Ukraine grain, said a U.N. spokesperson, a day before Russia could quit the pact over obstacles to its grain and fertilizer exports. The United Nations and Turkey brokered the Black Sea deal for an initial 120 days in July last […]

By Katya Golubkova, Yuka Obayashi and Kate Abnett TOKYO (Reuters) – Japan’s energy companies were quick to embrace the G7’s support for natural gas investment in their statement last month but analysts caution that relying on the fossil fuel may open the companies up to long-term problems. Resource poor Japan, the world’s biggest buyer of liquefied natural gas (LNG), is committed to gas as a transition fuel to reach its […]