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...The overhaul marks the latest big change inside the empire of JAB, the European investment group best known for its ownership of Pret A Manger, Coty and Krispy Kreme....
...President Volodymyr Zelenskyy wrote on Telegram: “Today, Russia struck with almost everything it has in its arsenal: Daggers, S-300, cruise missiles, UAVs. Strategic bombers launched Kh-101/Kh-505....
...Paramount Global was the S&P 500’s best performer, soaring 15 per cent on news reports Skydance Media had reached a deal to acquire the entertainment group....
...The benchmark S&P 500 was down 1.5 per cent in Friday afternoon trading....
...As well as the high proportion of index constituents advancing, all sectors rose, with utilities and real estate groups finishing as the top performers....
...People close to 777 said the group and the reinsurer had an “aggressive” investment strategy....
...Despite opening in positive territory on Monday, Wall Street’s benchmark swung to close 0.2 per cent lower as real estate, industrials and healthcare groups slipped....
...The S&P 500 was headed for a record closing high as traders assessed US inflation data that unexpectedly increased last month....
...Overall, almost three-quarters of the S&P 500’s constituents fell, with pharmacy operator Walgreens Boots Alliance the worst performer with a 9.9 per cent drop....
...Marks and Spencer has become the latest UK retailer to increase wages as large supermarket groups continue to battle to retain workers....
...M&S’s contract with HSBC, which owns M&S Bank, is up for renewal. M&S is likely to push for more control and a bigger cut of the spoils....
...The head of F1’s governing body told the FT last week it was “damaging the sport”....
...Companies to have defaulted in February included US ferry and cruise operator Hornblower, US software group GoTo and UK cinema group Vue Entertainment International....
...European coffee group JDE Peet’s is replacing its two top executives as controlling shareholder JAB Holding seeks to shake-up the owner of L’Or, Kenco and Douwe Egberts following a long period of underperformance...
...The S&P 500 eked out a new record high on Friday as a broad rally outweighed a dip in tech groups. The benchmark index rose by less than 0.1 per cent, with two-thirds of companies advancing....
...Deals worth more than £1bn are vanishingly rare for this group. They are not into “transformative” M&A or press conferences at the Savoy....
...US stocks rose, with gains for tech groups leading a broad rally that put the S&P 500 on track for a record high close....
...Ocado raised the prospect of taking legal action for the first time on Thursday, as the group reported an annual pre-tax loss of £394mn on sales of £2.7bn....
...The S&P 500 eked out its fourth consecutive record high close on Wednesday, helped by several big tech names rising to new peaks....
...These overlays are displayed on sites as varied as Mexico’s state oil company Pemex, LVMH and London-listed outsourcing group Capita....
...M&S is in the best place it has been for many years operationally and financially.”...
...The S&P 500 stock index has touched the milestone of 5,000 for the first time, setting a fresh record high as a narrow group of companies continued to drive the benchmark upwards....
...S&P is three years on from completing the purchase of analytics group IHS Markit for $44bn and chief executive Doug Peterson told analysts earlier this month that the company was open to “tuck-in acquisitions...
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