Alexander Smith Journalist Profile

Articles

Financial Industry Groups Raise Concern on LME's OTC Trade Plans, Sources

2 months ago | gurutrade.com | Pratima Desai |Veronica Brown |Alexander Smith

LME members voice opposition via industry groups LME members raise issue with UK financial watchdog LME to consult on full details of the measures LONDON, Feb 5 (Reuters) - Two financial industry groups have raised concerns with the London Metal Exchange (LME) about its plans to require private deals between members and clients to be carried out on its own platform, five sources with knowledge of the matter said.
British growth plans get positive response in Davos, minister says | Financial News

Jan 24, 2025 | lse.co.uk | Alexander Smith |Elisa Martinuzzi

Finance minister Rachel Reeves led British delegation to Davos * Some investors and financiers say need to see results on growth * Economy forecast to have flatlined in last three months of 2024 By Alexander Smith and Elisa Martinuzzi DAVOS, Switzerland, Jan 24 (Reuters) - British industry and energy minister Sarah Jones said that meetings in Davos this week with CEOs considering where to make their next investment had been positive as the government took its growth mantra to the Swiss...
Swiss Industry Gloomy over Prospects, Sales and Exports Slip

Nov 20, 2024 | gurutrade.com | John Revill |Alexander Smith

ZURICH, Nov 20 (Reuters) - Swiss industry is struggling with falling orders and sales as weaker European demand and a strong franc hit exporters, with two surveys showing companies gloomy about their prospects. Escalating trade tensions, with the possibility of higher export tariffs when U.S. President-elect Donald Trump takes office next year is also raising concerns in Switzerland.
Jewellery sparkles for Cartier parent Richemont, despite China sales dip

Nov 8, 2024 | insideretail.com.au | John Revill |Friederike Heine |Alexander Smith |Celene Ignacio

Cartier jewellery owner Richemont reported a dip in quarterly sales on Friday, as the luxury goods group largely offset tougher conditions in China with growth elsewhere. The owner of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget said sales fell by 1 per cent at constant exchange rates to 4.81 billion euros (US$5.19 billion), slightly above analyst consensus forecasts of 4.78 billion euros cited by HSBC.
UK's Sainsbury's Warns Budget Tax Rises will be Inflationary

Nov 7, 2024 | gurutrade.com | James Davey |Catarina Demony |Alexander Smith |Philippa Fletcher

Flags 140 mln stg hit to 2025/26 tax bill First half 2024/25 profit up 3.7% Q2 like-for-like sales, ex fuel, up 4.2% Expects strong Christmas performance Maintains full-year 2024/25 profit forecast LONDON, Nov 7 (Reuters) - The boss of British supermarket Sainsbury's said changes to national insurance made by the government in last week's budget will add 140 million pounds ($181 million) to its tax bill next year and warned the move would be inflationary.
Pub Group Wetherspoons says UK Budget to Raise Costs by $77M

Nov 6, 2024 | gurutrade.com | Yamini Kalia |Sonia Cheema |Savio D'Souza |Alexander Smith

Forecasts 60 mln stg in costs after budget Sales up 5.9% in first 14 weeks of fiscal year Chairman confident of reasonable outcome for year Nov 6 (Reuters) - Pub group J D Wetherspoon said on Wednesday that measures in Britain's recent budget would increase its taxes and business costs by 60 million pounds ($77.12 million) for its current year, but it had no immediate plans to raise prices.
Italy Targets Savers in Planned $2.6B Poste Share Sale, Decree Shows

Sep 24, 2024 | gurutrade.com | Giuseppe Fonte |Alexander Smith

Poste sale is worth more than 2 billion euros Italy working on public offering to sell shares Opposition parties, trade unions oppose sale ROME, Sept 24 (Reuters) - Italy will target domestic savers in its planned public offering of around 14% of Poste Italiane, a government decree seen by Reuters showed on Tuesday.
Austria's RBI Sells Belarus Bank at a Loss to UAE Investor

Sep 20, 2024 | gurutrade.com | Rachel More |John O'Donnell |Miranda Murray |Alexander Smith

BERLIN, Sept 20 (Reuters) - Raiffeisen Bank International said on Friday it is selling its Belarus business at a loss to an investor from the United Arab Emirates, as the Austrian lender faces mounting pressure to also pare back its Russian arm. RBI has vowed to spin off its Russian business, which has provided a payment lifeline to hundreds of companies there, after pressure from international regulators on the biggest Western bank in remaining in the country.
What Happens After Company Purchases Gold Mine In Nevada…

Aug 9, 2024 | pinnacledigest.com | Alexander Smith

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Canal+ to be Listed in London Under Break-Up Plan, Vivendi

Jul 22, 2024 | gurutrade.com | Tassilo Hummel |David Goodman |Alexander Smith

PARIS, July 22 (Reuters) - Vivendi said on Monday it will pursue a listing in London for its Canal+ pay TV unit while its Havas advertising arm will be listed in Amsterdam as it detailed break-up plans. In April, Vivendi said a feasibility study for its planned split into four separate businesses was progressing. Canal+ and Havas would have virtually zero net debt, the company said, adding that Vivendi itself could have net debt of about 1.5 billion euros to 2 billion euros after the move.