Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong.Xaume Olleros | Bloomberg | Getty ImagesShares in Burberry plunged 10% at the market open on Monday after a "disappointing" first-quarter performance led it to replace its CEO and axe its dividend.Joshua...
Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years.Net profit for the year beat expectations to come in at 2.2 billion euros ($2.36 billion), up from 1.4 billion euros a...
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2023. Brendan Mcdermid | ReutersMarkets are confused over the odds of a U.S. recession, and "somebody has got it wrong," according to hedge fund manager David Neuhauser.The CIO of Livermore Partners...
Virgin Atlantic Airways Airbus A350-1000 aircraft seen taxiing in front of the air traffic control tower at London Heathrow airport in U.K.Nurphoto | Nurphoto | Getty ImagesThe U.K.'s air traffic control provider reported a technical issue Monday which saw flights across the country disrupted."We are currently experiencing a technical...