(Reuters) – French advertising company Publicis SA said on Tuesday it would acquire Profitero, a global e-commerce software platform as it seeks to step up its clout in the online retail sector. Profitero, which employs 300 staff, is assisting brands i…
Upbeat earnings, banks lift European shares
By Sruthi Shankar and Shreyashi Sanyal (Reuters) – European stocks rose on Tuesday after a string of upbeat earnings, while banking shares gained as government bond yields hit fresh highs in anticipation of quicker interest rate hikes by global central…
Campari sales jump as bars stock up spirits before prices rise
By Francesca Landini and Keith Weir MILAN (Reuters) -Campari sales jumped in the first three months of the year as pubs and restaurants reopened in Europe, with demand further boosted by premises stocking up on spirits before price rises take effect, t…
Safilo Q1 sales rise on demand pickup in Europe, North America resilience
MILAN (Reuters) – Italian eyewear group Safilo posted on Tuesday a 8.4% rise in first-quarter sales at constant exchange rates, driven by the resilience of the prescription frames business and a rebound of sunglass sales, particularly in Europe. The ma…
Stocks rise, U.S. yields slip as markets await Fed rate hike
By Herbert Lash and Danilo Masoni NEW YORK/MILAN (Reuters) -A gauge of global equity markets edged higher on Tuesday while 10-year U.S. Treasury yields slid from the 3% level as investors remained cautious, expecting the Federal Reserve to hike rates b…
Amazon France pay deal rejected by unions on last day of talks
PARIS (Reuters) – Most unions at U.S. e-commerce giant Amazon’s French arm rejected the company’s 2022 pay proposal on the final day of talks, but no immediate industrial action is planned, union representatives said. A group unions had proposed a 5% p…
Exclusive-Germany’s SAP hires adviser for $1 billion Litmos software sale -sources
By Emma-Victoria Farr and Krystal Hu LONDON (Reuters) – German software firm SAP is working with investment bank Moelis & Co to sell its corporate learning software business Litmos as it seeks to streamline its operations and focus on cloud-based reven…
Former policy chiefs warn EU over hunt for non-Russian fossil fuels
By Kate Abnett BRUSSELS (Reuters) -The European Union must avoid locking itself into years of dependence on fossil fuels as it races to replace Russian oil and gas with supplies from other countries, 11 former EU policy chiefs have said in a letter to …
Some in Shanghai get out for a rare stroll; Beijing tightens COVID curbs
By Brenda Goh and Hallie Gu SHANGHAI/BEIJING (Reuters) -Some of Shanghai’s 25 million people managed to get out on Tuesday for short walks and shopping after enduring more than a month under a COVID-19 lockdown, while China’s capital, Beijing, focused …
Dollar dips before Fed announcement, Aussie gains after rate hike
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar fell against a basket of currencies on Tuesday, as investors evaluated how much of the Federal Reserve’s expected move to hike rates this week and beyond was already priced in. The dollar index hit…