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...Pendragon’s takeover, which included spinning off its technology business Pinewood as a separate listed entity, was the latest takeover of UK-listed dealerships....
...He added: “If you’re growing at the pace that we are, then the P&L does manifest itself in cash requirements.” Sales at Interpath’s advisory business climbed to £26.9mn, up from £2.8mn a year earlier....
...At Chaumet, which has seen a surge in demand for tiaras in recent years, this manifests in graduating pearls atop a fine band of white gold and pavé diamonds....
...Metro Bank has promised to cut another £30mn off costs, adding to a £50mn plan already in place, as it pushes ahead with its restructuring programme....
...Unilever is to split off its ice cream business and cut 7,500 jobs as new chief executive Hein Schumacher tries to deliver on his promise to turn round the performance of one of the world’s largest consumer...
...Asian markets declined on Friday with the exception of Japan, as traders reacted to the increased likelihood of fewer interest rate cuts in the US....
...European stocks dropped amid a global sell-off as traders lost confidence in rapid US interest rate cuts and remained cautious about widening tensions in the Middle East....
...Wall Street stocks held steady in early trading and US Treasuries sold off as traders scaled back their bets on how many times the Federal Reserve will cut interest rates this year....
...It would also limit hiring, offer voluntary time off and trim its schedule for the second half of the year....
...The great bet on rate cuts — and it was enormous — is dead. At the start of 2024, the expectation was for six, maybe seven, US rate cuts this year....
...European stocks fell on Thursday, dragged down by a global sell-off in the technology sector and signs of sticky inflation in the US....
...Apple has reversed course on a plan to cut off access to applications that bypass its app store, which the iPhone maker had argued was necessary in order to comply with new EU regulations....
...Traders are pricing in fewer than two quarter-point interest rate cuts from the Bank of England this year, as policymaker Megan Greene said cuts “should still be a way off”....
...Its manifest purpose is to let the company off the hook and insist that concussions and crushed limbs are the workers’ responsibility....
...Mexico has cut ties and called for Ecuador to be expelled from the UN, while Nicaragua has broken off diplomatic relations with Quito....
...Government bonds sold off on Monday after US Federal Reserve chair Jay Powell pushed back against traders’ hopes for rapid and steep interest rate cuts....
...Mexico has cut ties and called for Ecuador to be expelled from the United Nations while Nicaragua has broken off diplomatic relations with Ecuador....
...But those earning £19,000 or less would actually be worse off, as they lose more from the threshold freeze than they gain from NIC cuts, according to the RF....
...The moves came after figures from the Bureau of Labor Statistics showed that new applications for unemployment aid — a proxy for lay-offs — jumped to their highest level since January in the week to March...
...US law firm Latham & Watkins is cutting off automatic access to its international databases for its Hong Kong-based lawyers, in a sign of how Beijing’s closer control of the territory is forcing global firms...
...Roche has cut a fifth of its drug pipeline in six months, shedding prospective cancer and neurology treatments as the Swiss company seeks to revitalise its business under new chief executive Thomas Schinecker...
...Hong Kong equities fell in early trading on Thursday following stronger than expected US inflation that caused US stocks and treasuries to sell off....
...yields remained higher on Tuesday afternoon, after Federal Reserve official Christopher Waller said that the central bank should “take our time to make sure we do this right” when it comes to interest rate cuts...
...Monday’s sell-off in US Treasuries deepened after fresh data showed that the country’s services sector grew more than expected in January, further denting the case for rapid interest rate cuts from the Federal...
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