By Amanda Cooper and Lucy Raitano LONDON (Reuters) -Britain’s stock market finally appears to be reversing years of underperformance against the rest of Europe, as a UK/U.S. trade deal, lighter regulation and cheap stocks deliver juicy returns that are starting to attract foreign investors. The FTSE 100 has gained nearly 10% this year to hit record highs this week, beating the STOXX 600, which i ...
Investing.com -- Husqvarna AB on Friday reported solid second-quarter results with adjusted EBIT of SEK 2,041 million, up 7% year-over-year and 9% above consensus estimates, despite a slight 1% decline in net sales to SEK 15,277 million. The Swedish outdoor power equipment manufacturer achieved 5% organic growth across its operations, with its robotic mowers segment growing 15% year-over-year, dri ...
Investing.com-- China’s Commerce Minister Wang Wentao said on Friday that he met with Nvidia (NASDAQ:NVDA) CEO Jensen Huang in Beijing this week, reaffirming China’s support for foreign investment in the country. The meeting came during Huang’s visit to attend a supply chain expo in the Chinese capital. Wang said Huang had been dominating social media during his stay, reflecting strong publi ...
PARIS (Reuters) -The head of Qatar-backed investment fund Mayhoola on Friday denied an Italian newspaper report that suggested the fund and Gucci-owner Kering (EPA:PRTP) were considering selling their jointly owned fashion house Valentino. "This news is untrue," Mayhoola chief executive Rachid Mohamed Rachid told Reuters. Kering shares, which have lost more than 60% of their value over the last ...