Shares in Ceres Power Holdings PLC (LON:CWR) slid sharply on Wednesday after the electrochemical company pushed back the time frame for it to begin seeing proceeds from its planned joint ventures to manufacture fuel cells in China. The Horsham, U.K.-based Ceres said most of the £30M license fee revenue from the agreements with diesel engine maker Weichai […]
The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to “respond forcefully, as necessary” to inflation, despite the economy entering recession. The BoE estimates Britain’s economy will shrink 0.1% in the third quarter, partly due to the extra public holiday for Queen Elizabeth’s funeral, […]
IT services firm Accenture (NYSE:ACN) Plc forecast first-quarter revenue below expectations on Thursday, weighed down by IT spending cuts amid high inflation and impact from a stronger dollar. Foreign exchange headwinds have intensified since Accenture’s third-quarter results, with the U.S. dollar at a two-decade high against a basket of currencies and up about 16% so […]
Manchester United reinstated an annual financial forecast for the first time since the pandemic on Thursday, after losses in the fourth quarter narrowed thanks to increased ticket sales. Annual revenue at the club, controlled by the American Glazer family and listed in New York, rose 18% to 583 million pounds ($658 million) in the year […]
Marsh’s U.S. clients will from Thursday be able to pay their fees in voluntary carbon offset credits or renewable energy certificates (RECs), the insurance broker said, part of a drive to help clients meet net-zero climate goals. While most corporate buyers of carbon credits would use them to offset their emissions and then ‘retire’ the […]
LONDON (Reuters) – World stocks were close to a 2-year low and Japan unilaterally intervened in FX markets for the first time since 1998 on Thursday as the Federal Reserve’s aggressive U.S. rate hike signals had put markets on the run. It was painful start in Europe where along with the economic strains, fears of […]
