GSK raises $1.5 bln from offloading Haleon stake May 17 (Reuters) - GSK GSK.L has raised 1.25 billion pounds ($1.52 billion) from selling its entire remaining stake in consumer healthcare firm Haleon, the British drugmaker said on Friday. ($1 = 0.7898 pounds) Reporting by Prerna Bedi in Bengaluru; Editing by Varun H K
BRIEF-Land Securities Says Stabilization In Rates, Among Others, Starting To Attract More Interest May 17 (Reuters) - Land Securities Group PLC LAND.L : STABILISATION IN RATES AND EVIDENCE OF CONTINUED RENTAL GROWTH IS STARTING TO ATTRACT INCREASED INVESTOR INTEREST FOR BEST ASSETS AROUND 60% OF OUR PORTFOLIO ALREADY SHOWED STABLE VALUES IN SECOND
UK's Landsec posts smaller annual loss May 17 (Reuters) - British commercial property firm Land Securities Group LAND.L posted a narrower annual loss on Friday, driven by encouraging rental growth and occupancy levels, while elevated interest rates continue to weigh on the valuation of its buildings. The London-headquartered company said EPRA Net T
BRIEF-Glencore Says Ambition To Achieve Net Zero Industrial Emissions By End Of 2050 May 17 (Reuters) - Glencore PLC GLEN.L : GLENCORE PUBLISHES 2023 SUSTAINABILITY REPORT WE ARE TARGETING TO REDUCE OUR SCOPE 1, 2 AND 3 INDUSTRIAL EMISSIONS BY 15% BY END OF 2026, 25% BY END OF 2030, 50% BY END OF 2035 AMBITION TO ACHIEVE NET ZERO INDUSTRIAL EMISSIO
China expected to stand pat on lending rates in May SHANGHAI/SINGAPORE, May 17 (Reuters) - China is widely expected to hold benchmark lending rates steady on Monday, a Reuters survey showed, although expectations are growing for a cut in the mortgage reference rate as the authorities scramble to boost housing. The loan prime rate (LPR), normally charged to banks' best clients, is calculated each month after 20 designated commercial banks submit proposed rates to the People's Bank of China.
UPDATE 1-Turkey - Factors To Watch on May 17 Adds central bank's survey ISTANBUL, May 17 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Friday. The lira TRYTOM=D3 stood at 32.27 against the U.S. dollar a t 0417 GMT, weakening from Thursday's close of 32.24. The main BIST 100 share index .XU100 closed 1.59% higher at 10,319.96 points on Thursday.
GSK raises $1.5 bln from offloading Haleon stake May 17 (Reuters) - GSK GSK.L has raised 1.25 billion pounds ($1.52 billion) from selling its entire remaining stake in consumer healthcare firm Haleon, the British drugmaker said on Friday. ($1 = 0.7898 pounds) Reporting by Prerna Bedi in Bengaluru; Editing by Varun H K
LIVE MARKETS-Markets ponders rate path, shares listless Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com MARKETS PONDERS RATES PATH, SHARES LISTLESS The cold harsh reality of the Federal Reserve likely keeping interest rates higher for longer to combat inflation has put a lid on the post-U.S.
German farmers plant less winter wheat and rapeseed for 2024 crop HAMBURG, May 17 (Reuters) - Germany's winter wheat sown area for the 2024 harvest has been reduced by 8.3% on the year to about 2.6 million hectares, Germanyโs national statistics agency estimated on Friday. Winter rapeseed sowings for the 2024 crop were also reduced by 5.8% to some 1.1 million hectares, the agency said.
COLUMN-Serene euro debt markets still leave ECB queasy :Mike Dolan By Mike Dolan LONDON, May 17 (Reuters) - Becalmed by a likely interest rate cut as soon as next month, euro zone government bond markets seem serene - but the European Central Bank continues to fret about leftfield shocks. Cosseted largely by more than a decade of extraordinary ECB monetary policies and direct bond market interventions, the traumatic euro sovereign debt crisis of 2010-2012 that threatened to blow the currency blo
British grocer Sainsbury's partners with Microsoft to use AI for data insights LONDON, May 17 (Reuters) - Britain's Sainsbury's SBRY.L said on Friday it has agreed a five-year strategic partnership with Microsoft MSFT.O that will use the technology company's artificial intelligence capabilities and the supermarket group's rich data. Seeking revenue gains and cost savings, more retailers are using generative AI to boost personalised shopping experiences for consumers and make staff working practi
BRIEF-ACS Says CIMIC's Leighton Asia Wins Waterworks Project In Singapore May 17 (Reuters) - ACS ACS.MC : SAID ON THURSDAY CIMIC HAD WON WATERWORKS PROJECT IN SINGAPORE CIMIC GROUP COMPANY LEIGHTON ASIA GOT AWARDED CONTRACT FOR RECONSTRUCTION OF CHOA CHU KANG WATERWORKS CONTRACT AWARDED BY SINGAPORE'S NATIONAL WATER AGENCY PUB CONTRACT TO GENERATE
UPDATE 1-South Koreaโs KFA tenders for up to 69,000 T corn, traders say Adds shipment periods, detail HAMBURG, May 17 (Reuters) - South Koreaโs Korea Feed Association (KFA) has issued an international tender to purchase up to 69,000 metric tons of animal feed corn from South America or South Africa, European traders said on Friday. The deadline for submission of price offers in the tender from the KFAโs Busan section is Friday.
GRAPHIC-Foreigners sold Asian bonds in April amid firm dollar, Fed uncertainty May 17 (Reuters) - Foreign investors were net sellers of Asian bonds for a second straight month in April as a strong U.S. dollar and uncertainties around the Federal Reserve's interest rate cuts dampened appetite. Investors net sold bonds worth $1.91 billion from Indonesia, India, Thailand, Malaysia and South Korea, although the disposals were was significantly lower than $4.69 billion in March.
UPDATE 1-GM, LG agree on $150 mln relief for Chevy Bolt EV owners over faulty batteries Adds comment from General Motors in paragraph 3 and 4 May 16 (Reuters) - General Motors GM.N and South Korea' s LG Energy Solution 373220.KS , LG Electronics 066570.KS reached a settlement to establish a $150 million fund to provide relief to Chevrolet Bolt EV owners affected by defective batteries, documents filed in a U.S.
BRIEF-Engie Q1 Revenue Down At EUR 22.0 Billion May 17 (Reuters) - Engie SA ENGIE.PA : Q1 REVENUE EUR 22.0 BILLION VERSUS EUR 29.2 BILLION YEAR AGO Q1 EBITDA EUR 5.4 BILLION VERSUS EUR 5.4 BILLION YEAR AGO END-Q1 CAPEX EUR 2.6 BILLION VERSUS EUR 1.4 BILLION YEAR AGO END-Q1 CASH FLOW FROM OPERATIONS EUR 5.1 BILLION VERSUS EUR 3.8 BILLION YEAR AGO 2024 GUIDANCE CONFIRMED WITH NRIGS EXPECTED IN A RANGE OF EUR 4.2-4.8 BILLION Q1 EBIT (EX.
POLL-Japan inflation likely slowed again, may ease cost pressure By Tetsushi Kajimoto TOKYO, May 17 (Reuters) - Japan's core consumer inflation probably slowed for a second straight month in April from a year earlier, a Reuters poll of 18 economists showed on Friday, likely easing cost-push pressure. The core consumer prices index (CPI) is expected to decelerate to 2.2% from 2.6% in March, the lowest level in three months, but still at or above the central bank's 2% target for more than two year
EMERGING MARKETS-Asian currencies trim gains as U.S. inflation rally fades Repeats for Southeast Asia South Korean won falls 0.9% Indonesia's stocks jump 1.1% BSP expected to cut rates in August - analysts Indonesia and South Korea rate decisions expected next week By Poonam Behura May 17 (Reuters) - Asian currencies trimmed gains on Friday after a rally sparked by softer U.S.
UPDATE 2-Luxury group Richemont reports Q4 sales slowdown, appoints new CEO Adds details, background ZURICH, May 17 (Reuters) - Richemont CFR.S confirmed the slowdown in the luxury sector when the Cartier jewellery owner reported a drop of 1% in its fourth quarter sales on Friday. The company, which also owns high-end Swiss watch brands, such as Piaget and Jaeger-LeCoultre, said sales fell to 4.80 billion euros ($5.21 billion) in the three months to the end of March.
INSTANT VIEW-China to let local governments buy homes, cut mortgage rates to revive property sector Adds comment May 17 (Reuters) - China will allow local government authorities to buy some homes at "reasonable" prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the official news agency, Xinhua, said.
EMERGING MARKETS-Asian currencies trim gains as U.S. inflation rally fades South Korean won falls 0.9% Indonesia's stocks jump 1.1% BSP expected to cut rates in August - analysts Indonesia and South Korea rate decisions expected next week By Poonam Behura May 17 (Reuters) - Asian currencies trimmed gains on Friday after a rally sparked by softer U.S.
