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...net loss of €3.4bn last year, up sharply from a €1bn loss in 2022....
...it had discovered a potential 10bn barrels of oil off the coast of Namibia....
...JD Sports: Shares in the UK-based sports fashion retailer rose 5.1 per cent after it agreed to a deal to acquire US rival Hibbett for $1bn....
...UK media: Regulator Ofcom publishes a report on media use and attitudes of parents and children....
...Survey data from the previous quarter showed consumer confidence rose for a fifth consecutive quarter to its highest level in two years....
...Israel launched a retaliatory attack on Iran on Friday morning in response to last week’s strike by Iran on Israeli soil....
...Here’s what we know so far: A senior military official in Isfahan said air defences had fired at unidentified objects and played down any damage....
...Marks and Spencer: The UK food and clothing retailer’s shares rose 2 per cent after BNP Paribas lifted its rating to outperform from neutral....
...We should take a leaf out of America’s book and get better not just at sharing our achievements, but also making the space for others to do the same. jemima.kelly@ft.com...
...morning, in a suspected retaliatory attack by Israel following last week’s assault by Tehran....
...Ocado: Shares in the UK online grocery retailer and technology group rose 5.5 per cent after its joint venture with Marks and Spencer returned to positive full-year earnings in 2023, with revenues growing...
...European stocks sank in early trading on Friday amid a global sell-off after Israel launched retaliatory strikes against Iran....
...Gatwick, the UK’s second-largest airport, plans to pay a dividend this year for the first time since the pandemic....
...The group said adjusted profit before tax for the quarter was £83mn, swinging from a loss of £139mn in the same period last year....
...“It is absolutely necessary that the region remains stable and that all sides restrain from further action,” von der Leyen told reporters at a press conference with Finnish Prime Minister Petteri Orpo....
...“They do have enough nuclear material for several nuclear warheads — does that mean they have a nuclear weapon? No,” Grossi said. “It requires many other things. But the situation is a serious one.”...
...Société Générale: Shares in the French financial services group rose 4.5 per cent after it announced a deal with Saham Group to sell Société Générale Marocaine de Banques and La Marocaine Vie in a transaction...
...Adidas: Shares in the German sportswear brand advanced 6 per cent after it reported a better than expected first quarter and lifted its full-year guidance for operating profit to €700mn from €500mn....
...jemima.kelly@ft.com Letters in response to this column:We need a capitalism that rewards good behaviour / From Vladimir Petrenko, London School of Economics and Political Science, London WC2, UK Too much...
...I love this haiku from the 18th-century Japanese poet Kobayashi Issa: “What a strange thing! / to be alive / beneath cherry blossoms.” jemima.kelly@ft.com...
...a £1bn share buyback....
...M&C Saatchi: Shares in the British marketing agency slipped 2.3 per cent after its full-year results showed a 2 per cent fall in revenues and a 10 per cent drop in profit before tax....
...Robert Walters: Shares in the UK-based international recruitment company slipped 6 per cent after it reported a 16 per cent annual fall in net fee income for the first three months of the year and warned...
...Tui: Shares in the German travel company rose 3.5 per cent on its first day with a primary listing on the Frankfurt stock exchange....
...Many British retailers including Marks and Spencer, John Lewis and Tesco, entered financial services in the 1990s, at a time of strong lending growth....
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