Adidas has around 100 stores left to get rid of in Russia, CEO says
(Reuters) -Adidas is still in the process of getting rid of around 100 stores as the German sportswear firm works…
Canada Goose beats sales expectations as China demand thrives, US recovers
(Reuters) -Canada Goose Holdings beat Wall Street estimates for quarterly revenue on Thursday, bolstered by a strong rebound in China…
Bank of England raises borrowing costs to 15-year peak, signals rates to stay high
(Reuters) – The Bank of England raised its key interest rate by a quarter of a percentage point to a…
Holiday travel boom here to stay, says Lufthansa
(Reuters) – The boom in holiday travel shows no signs of ending, German airline group Lufthansa said on Thursday, as…
Regeneron Pharma beats profit estimates on Dupixent demand
(Reuters) – Regeneron Pharmaceuticals Inc (NASDAQ:REGN) beat Wall Street estimates for quarterly profit on Thursday, driven by strong demand for…
Hasbro to sell eOne film and TV unit to Lionsgate for $500 million
(Reuters) – Hasbro said on Thursday it would sell its eOne film and TV studio to Lionsgate Entertainment for about…
Cheniere quarterly revenue tumbles on lower LNG prices
(Reuters) – Cheniere Energy (NYSE:LNG) Inc’s quarterly revenue nearly halved, the top U.S. liquefied natural gas (LNG) exporter said on…
PayPal drops as analysts say transaction GP growth ‘looks very weak’
PayPal reported second-quarter results that topped expectations as ongoing strength in consumer spending underpinned payment volume growth. However, PayPal (NASDAQ:PYPL)…
BMW forecasts growth in Europe, warns supply chain issues remain
(Reuters) -BMW on Thursday forecast growth in the European automotive market, robust sales in the United States and slight growth…
Volvo Cars sales up 21% year-on-year in July
(Reuters) -Sweden’s Volvo Cars on Thursday reported a 21% rise in car sales in July from a year earlier, selling…