Meal delivery group close to sustainable breakeven Will return 250 million pounds to shareholders Shares rise 4 LONDON, Aug 10 Reuters Britain39;s Deliveroo lifted its earnings guidance sharply on Thursday after it improved its algorithm to deliver meals and groceries more efficiently, sending its shares up 4. Founder and Chief Executive Will Shu said Deliveroo had […]

Wilko enters administration 93year old retailer trades from 400 stores Failed to secure emergency investment PwC to keep stores open, talking to interested parties Warns if talks fail, store closures and job cuts likely LONDON, Aug 10 Reuters British homeware and household goods discount retailer Wilko said it had fallen into administration on Thursday, putting […]

HANOI, Aug 10 Reuters Vietnamese electric vehicle maker VinFast said it expects to start trading on the U.S. Nasdaq as soon as next week after its merger into a special purchase acquisition company SPAC was approved on Thursday. Shareholders of Hong Kongbased Black Spade Acquisition, a blankcheck company, voted on Thursday to approve the merger […]

Company lowers guidance for digital industries business Sees weakening demand in China Orders decline in all regions as customer buying normalises ZURICH, Aug 10 Reuters Siemens missed profit forecasts in its latest quarter, the German engineering company reported on Thursday, noting weakening demand in several markets including China. The trainstofactoryautomation manufacturer said China, long a driver […]

Company keeps FY 2023 forecasts for EBITDA, EBIT Cites recent increases in volumes, some short term rates Geopolitics, inflation, high stocks still create risks FRANKFURT, Aug 10 Reuters German container shipper HapagLloyd on Thursday posted net profit of 2.9 billion euros 3.18 billion for the first half of 2023, down by 67 from a year earlier, […]

Aug 10 Reuters Persimmon on Thursday became the latest British housebuilder to flag affordability concerns from higher mortgage rates, but forecast annual profit in line with its expectations, sending its shares over 2 higher in early trade. Britain39;s housing market has slowed in recent months against the backdrop of the Bank of England39;s sustained run of […]