Rolls-Royce signals job cuts as lowers engine output forecast
British aero-engine maker Rolls-Royce signalled on Thursday it expects to cut some of its workforce, after reports that it was considering cutting up to 8,000...
Britain’s Superdry sales plunge 37% as stores shuttered
British fashion retailer Superdry said its revenue plunged 37% in its latest quarter, reflecting the closure of its stores across the world because of the...
UK parliament tells Barclays CEO: explain emergency business loans delays
The British parliament’s treasury committee chairman has told the chief executive of Barclays to explain delays to granting emergency loans to small businesses....
Nintendo expects to sell 19 million Switch devices this financial year
Japan’s Nintendo Co Ltd said on Thursday it expects to sell 19 million Switch console units in the current financial year as consumers locked down...
Britain’s GSK to sell entire stake in Hindustan Unilever
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Anil D’Silva)...
BT pulls dividend until 2021/22 to cope with COVID
Britain’s biggest telecoms group BT has suspended its dividend until 2021/22, one of the biggest on the London stock exchange, and pulled its financial outlook...
Britain’s Next expands beauty business with former Debenhams stores
British clothing retailer Next said on Thursday it will expand its beauty business by taking on five former Debenhams beauty departments and rebranding them as...
Rolls-Royce eyes job cuts this month as aerospace market shrinks
British aero-engine maker Rolls-Royce signalled on Thursday it expects to cut some of its workforce to respond to the slump in the global aerospace market,...
AB InBev sees worse ahead, with some light in China
Anheuser-Busch InBev , the world’s largest beer maker, forecast a “materially worse” second quarter as coronavirus restrictions curb drinking across the globe, while noting some...
Bottler Coca Cola HBC’s April sales lose fizz as lockdowns weigh
Soft drinks bottler Coca Cola HBC AG on Thursday said sales in April fell by more than a third as fast-food chains, theatres and other...