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July 27 (Reuters) - British asset manager Schroders (SDR.L) reported a drop in first-half assets under management on Thursday, due to weaker investor sentiment and market volatility. Schroders' assets under management fell to 726.1 billion pounds ($940 billion) in the six months to June 30, from 737.5 billion pounds at December-end. The company generated 5.7 billion pounds in net new business, excluding joint ventures and associates. In contrast, Jupiter Fund Management (JUP.L) jumped 14% to the top of the FTSE mid-cap (.FTMC) after it reported assets under management rose 2% to 51.4 billion pounds. The fund manager saw "small" net inflows of 23 million pounds, helped by institutional client demand.
Persons: Schroders, Calastone, Peter Harrison, Jefferies, James's, Peel Hunt, Eva Mathews, Savio D'Souza, Sinead Cruise, Sharon Singleton Organizations: Reuters, Bank of England, JPMorgan, Jupiter Fund, Peel, Thomson Locations: British, Bengaluru
This company has a knack for magnificent vistas. Its new home is high above the Hudson River in Garrison, N.Y., with breathtaking views. Picnicking, should you care to, is very much part of the preshow experience, and performances are alfresco, under a sturdy, festive, big white tent. But productions here often use the landscape just outside for striking tableaus, with the tent’s wide, arced entrance framing bits of action on the sloping lawn. (hvshakespeare.org)
Persons: Henry V ”, Davis McCallum, Amanda Dehnert, André, Penelope ”, , Eva Steinmetz, Alex Bechtel, Grace McLean, Steinmetz Locations: Garrison, N.Y
"We didn't just win the election but we won it in a landslide," said CPP spokesperson Sok Eysan. Hun Sen, 70, has ruled Cambodia for nearly four decades, with an increasingly heavy hand in recent years that has all but wiped out the opposition. Last week, Hun Sen signalled that Western-educated military general Hun Manet "could be" prime minister by next month. A group of parliamentarians from across Southeast Asia said the election was a "coronation for Hun Sen and his cronies". PM Hun Sen called on them to "confess" or face legal consequences.
Persons: Hun, Hun Manet, Sok Eysan, Hun Sen, Matthew Miller, Washington, Hun Sen's, Miller, Eva Kusuma Sundari, Prak Chan Tul, Chanta Lach, Simon Lewis, Kanupriya Kapoor, Michael Perry Organizations: Cambodian People's Party, Candlelight Party, Pro, State Department, ASEAN Parliamentarians, Human Rights, Thomson Locations: PHNOM PENH, United States, Cambodia, Phnom Penh, Southeast Asia, Washington
Sorrell's ad group S4 lowers outlook over wary tech clients
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
SummaryCompanies Co slashes FY revenue growth outlook to 2%-4%Says content business has been difficultShares down 20%July 24 (Reuters) - Martin Sorrell's S4 Capital (SFOR.L) cut its forecasts for annual revenue growth and core profit margin on Monday as tech clients dialled back marketing spend, sending the advertising group's shares down 20%. Last week, U.S.-based peers Interpublic (IPG.N) and Omnicom (OMC.N) also announced weak results that underscored the growing pressures on ad agencies. S4, founded by Sorrell after he left WPP (WPP.L), the world's largest ad group, said it now expects full-year like-for-like net revenue growth of between 2% and 4%, compared with an earlier forecast of 6%-10%. It expects an operational core profit margin of between 14.5% and 15.5%, down from 15%-16% forecast previously. In the first-half trading update, the company said revenue growth is expected to be about 5%, adding that performance in its content business has been more difficult.
Persons: Martin, Interpublic, Sorrell, Aby Jose Koilparambil, Eva Mathews, Dhanya Ann Thoppil, David Holmes Organizations: WPP, Thomson Locations: Bengaluru
Some strikes at UK airport Gatwick cancelled, suspended - union
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Passengers wait in the queue for check-in in the South Terminal building at Gatwick Airport, in Gatwick, Britain, December 21, 2018. REUTERS/Toby Melville/File PhotoLONDON, July 24 (Reuters) - Some of the strikes planned by baggage handlers and other workers at Britain's no.2 airport Gatwick in the peak summer travel period have been suspended or cancelled, the Unite trade union said on Monday. But improved pay offers mean that DHL workers, who provide services to easyJet, have cancelled their walk outs completely after they voted to accept a 15% pay rise, the union said. Currently ASC workers have not yet suspended their walk outs, while Menzies have suspended some of them. A fourth set of workers, who are contracted by GGS, have suspended strikes between July 28-Aug.1 to allow negotiations to continue but are still due to walk out Aug. 4-8.
Persons: Toby Melville, Menzies, Sarah Young, Eva Mathews, Savio D'Souza, Kylie MacLellan Organizations: Gatwick Airport, REUTERS, Gatwick, British Airways, DHL, Workers, Menzies, ASC, GGS, Thomson Locations: Gatwick, Britain, Britain's, TUI, easyJet, Rhodes, Greece, London, Bengaluru
The Benefits of Morning Meditation
  + stars: | 2023-07-21 | by ( Holly Burns | ) www.nytimes.com   time to read: +1 min
Meditation is another — research has shown it to help with everything from anxiety and depression to better sleep, lower stress levels and chronic pain relief. So start small — with five minutes of breathing exercises to calm and focus the mind every morning. In a recent study of almost 900,000 meditation app users, those who meditated in the morning were more likely to maintain the habit. Here’s how to kick off your day — every day — with a quick and simple meditation. Alma Ivanovic, the owner of Sun and Moon Meditation studio in Chicago, meditates every morning after she wakes up, sitting on the floor against her bed frame.
Persons: , Eva Tsuda, you’ll, Alma Ivanovic, , Organizations: UMass Memorial Health Center Locations: Chicago, meditates
CNN —The Los Angeles City Controller’s office is investigating after NBCUniversal severely trimmed a row of trees outside its studios where members of SAG-AFTRA were picketing company executives, eliminating shade during a searing heatwave. Our Office is investigating the tree trimming that occurred outside Universal Studios where workers, writers, and actors are exercising their right to picket. The trimmed trees are LA City managed street trees. “Quick shoutout to the good people at @UniversalPics for trimming the trees that gave our picket line shade right before a 90+ degree week,” he wrote. “We understand that the safety tree trimming of the Ficus trees we did on Barham Blvd.
Persons: Kenneth Mejia, Chris Stephens, , NBCUniversal, Mejia, Ron Perlman, Instagram, , ” Perlman, There’s, Pinkerton Organizations: CNN, Los Angeles City, SAG, Universal Studios, LA City, Twitter, Guild of America, Alliance, Television Producers, Disney, Warner Bros, Universal Pictures, , Los Angeles Public Works Department, National Weather Service, WGA, Labor Locations: LA, Los Angeles, America
3-Stock Lunch: LMT, CMG & PINS
  + stars: | 2023-07-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: LMT, CMG & PINSEva Ados, ERShares COO, joins ‘Power Lunch’ to discuss three stocks: Lockheed Martin, Chipotle and Pinterest.
Persons: Eva Ados, Lockheed Martin, Chipotle Organizations: Lockheed
CNN —Ford announced on Monday that it is slashing prices significantly for its electric F-150 Lightning pickup truck. Since the F-150 Lightning’s release in mid-2021, the auto manufacturer has raised prices several times, citing in part “significant material cost increases” for key electric vehicle battery components like lithium, cobalt, and nickel. The Platinum Extended Range, its most expensive model, is down more than $6,000 to about $92,000. These models are also eligible for a tax credit of up to $7,500 under the 2022 Inflation Reduction Act, according to Ford. Customers can expect these cheaper cars to become available as early as October.
Persons: CNN — Ford, Kelley, Ford, “ We’ve, , Marin Gjaja Organizations: CNN, Kelley Blue, Ford Locations: Michigan
Christie, who is running for president again versus Trump this cycle, also received $6,600 from Jones in the second quarter, according to his campaign finance disclosure. Longtime venture capitalist Joe Lonsdale donated at least $3,300 to DeSantis in the second quarter, according to the filings. DeSantis' campaign finished the second quarter with $20 million raised. Bill Ackman, the CEO of hedge fund Pershing Square Capital, contributed $3,300 during the early stages of the quarter, according to the filings. Ramaswamy's campaign finished the second quarter having raised over $7 million, most of which was self-funded.
Persons: Ron DeSantis, Donald J, Trump, Paul Tudor Jones, DeSantis, Jones, Mitt Romney's, Barack Obama, Jeb Bush's, Chris Christie's, Christie, Forbes, Joe Lonsdale, Lonsdale, Justin Siegel, Goldman Sachs, Goldman, Vivek Ramaswamy, Ramaswamy, Bill Ackman, Ramaswamy —, Robert F, Kennedy Jr, Ackman, Ed Hyman, Glenn Dubin, Eva, Jeffrey Epstein, Dubin, Nikki Haley Organizations: Florida Gov, Governors, Washington Post, Getty, New, New Jersey Gov, Trump, Wall Street, Capital, Pershing, Twitter, Democratic, Evercore ISI, Dubin, Co Locations: Florida, Washington ,, New Jersey
Here’s a look at the Capital One Venture vs. Chase Sapphire Preferred. Capital One Venture vs. Chase Sapphire PreferredFirst, let’s take a look at all the key details of these two cards side-by-side:Capital One Venture Rewards Credit Card Chase Sapphire Preferred Card Welcome bonus 75,000 bonus miles after spending $4,000 on the card in the first three months. The Capital One Venture and the Chase Sapphire Preferred are two popular rewards credit cards that offer a variety of benefits to cardholders. Getty ImagesThe Chase Sapphire Preferred has better travel and purchase protections than the Capital One Venture. Capital One Venture Rewards Credit Chase Sapphire Preferred Card Extended warranty Yes.
Persons: Chase, We’ll, you’re, Chase doesn’t, United MileagePlus, Wyndham Organizations: CNN, American Express, Chase, Capital, One Venture, Venture, Chase Sapphire Preferred, Chase Sapphire, Rewards, Hertz, Sapphire, TSA Precheck, Preferred, Rapid, Hyatt, Sapphire Preferred, Air France, KLM, Blue, Air Canada Aeroplan, British Airways Executive Club, Emirates Skywards, Singapore Airlines, Turkish Airlines Miles, Aeromexico Club Premier Air Canada Aeroplan Air France, British Airways Executive Club Cathay, Asia Miles Emirates, Etihad, Finnair, Qantas Frequent Flyer Singapore Airlines KrisFlyer TAP Air Portugal Turkish Airlines Miles, Smiles, Airlines Aer Lingus AerClub Air Canada Aeroplan Air France, KLM Flying Blue British Airways Executive Club Emirates, JetBlue, United, Virgin Atlantic Flying, Travel, Auto, Chase Capital Locations: Air, Hawaii, United, Iberia
Instagram's headcount is looking a bit smaller after layoffs, but it has a hit new app in Threads. Insider is highlighting 14 top executives at Instagram in 2023. Instagram's partnerships org, which handles relationships with public figures, creators, and brands, is also in for a massive overhaul, after cuts in May slashed many roles. Charles Porch will continue to lead Instagram's partnerships team as VP. Insider has compiled a list of 14 top executives at Instagram who lead teams from product marketing to diversity and inclusion.
Persons: Adam Mosseri, It's, Meta, Instagram, Tessa Lyons, Instagram's, Nick Grudin, Justin Osofsky, who's, Charles, Eva Chen, shepherding, he'll Organizations: Instagram, Meta, Dapper Labs Locations: London
Cinepolis exec Eduardo Acuna to become Cineworld CEO
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +2 min
July 13 (Reuters) - Cineworld Group (CINE.L) said on Thursday Eduardo Acuna, who runs the Americas operations of Mexican theatre operator Cinepolis, will become its CEO when the company emerges from bankruptcy proceedings, expected this month. The group, which filed for U.S. bankruptcy protection in September, said lenders had agreed to appoint Acuna as CEO of the newly formed parent company after its restructuring plan becomes effective. Cineworld had faced discontent from shareholders over executive pay in 2021, including bonuses to the CEO and his brother and deputy chief Israel Greidinger. Acuna, who has been with Cinepolis since 2005, previously held roles at McKinsey and Co and Goldman Sachs. Cineworld added that it "understands that a selection process for the remaining members of the new company's board is ongoing".
Persons: Eduardo Acuna, Acuna, Eric Foss, Mooky Greidinger, Greidinger, Cineworld, Israel Greidinger, Goldman Sachs, Eva Mathews, Yadarisa, Shinjini Organizations: Cineworld, U.S, Pepsi, Cinema City, Regal Entertainment, Financial Times, McKinsey, Thomson Locations: London, Britain, U.S, British, Bengaluru
What is flood insurance, and why do you need it?
  + stars: | 2023-07-12 | by ( Eva Rothenberg | ) edition.cnn.com   time to read: +7 min
But only four property owners in the entire town have active flood insurance policies. In the United States, FEMA has traditionally provided all flood insurance plans through the National Flood Insurance Program (NFIP). According to the Insurance Information Institute, an industry trade group, Florida, Louisiana and Texas account for 40% of all flood insurance policies nationwide. The origin of this exclusion can be traced to the 1968 National Flood Insurance Act, which established the NFIP. For example, in Miami, flood insurance can sometimes rival the amount that people pay for homeowners insurance, according to the Insurance Information Institute.
Persons: Kathy Hochul, , David Maurstad, it’s, Laura Lightbody, John Minchillo, Michael Barry, Barry, ’ ”, Lightbody, ” Lightbody, it’ll Organizations: CNN, Gov, Federal Emergency Management Agency, FEMA, National Flood Insurance, Flood, Insurance Information Institute, Pew, Trusts, Insurance, Institute’s, Flood Insurance Locations: Highlands , New York, , West, United States, America, Miami, Florida , Louisiana, Texas, Highland Falls, N.Y, New, Hudson
"Dakar looks great with certain coloured films, because they really bring out the warm, vibrant colours," Saar said, loading a fresh roll into the camera. "Film can be really great in Africa, because in general it’s sunny (and) very colourful.”Saar is part of a growing resurgence of analogue photography enthusiasts in Senegal, nurtured by Le Sel studio in the capital’s Ouakam neighbourhood. Founded two years ago in owner Kevin Aubert’s apartment, Senegal’s only studio of its kind aims to rekindle the country’s love for the craft through film sales and workshops. In the meantime, local photographers like Eva Diallo are already showing works developed there at some of Dakar’s most prestigious art houses. “The film process is much more conscious than digital or iPhone photos,” Diallo said during her solo exhibition at Dakar’s Gallerie Cecile Fakhoury.
Persons: Amy Saar, Kevin Aubert’s, Senegal’s, Le, Aubert, ” Aubert, Eva Diallo, ” Diallo, Dakar’s Gallerie Cecile Fakhoury, , Cooper Inveen, Alison Williams Organizations: Le Sel, Precision Reports, Le, Thomson Locations: DAKAR, Senegalese, Dakar, Saar, Africa, Senegal
Shell warns of significant drop in gas trading results
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: 1 min
July 7 (Reuters) - Energy giant Shell (SHEL.L) expects second-quarter gas trading results to be "significantly lower" than in the previous quarter, it said on Friday. In an update ahead of second-quarter results on July 27, the world's biggest liquefied natural gas (LNG) trader also flagged $3 billion in writedowns for the quarter, primarily driven by a 1% increase in the discount rate used for impairment testing. It added that trading performance in its chemicals and products business was also expected be lower than in the first quarter, with the indicative refining margin forecast to drop to $9 a barrel from $15 a barrel. U.S. rival Exxon also guided for lower refining margins this week. Reporting by Eva Mathews in Bengaluru Additional reporting by Shadia Nasralla Editing by Krishna Chandra Eluri and David GoodmanOur Standards: The Thomson Reuters Trust Principles.
Persons: Eva Mathews, Shadia, Krishna Chandra Eluri, David Goodman Organizations: Energy, Shell, Exxon, Thomson Locations: writedowns, Bengaluru
Shell warns of big drop in gas trading results
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: +2 min
July 7 (Reuters) - Shell (SHEL.L), the world's biggest liquefied natural gas (LNG) trader, said on Friday second-quarter gas trading results were expected to come in "significantly lower" quarter-on-quarter, though in line with the previous two years' second quarters. Shell cited "seasonality and fewer optimisation opportunities" as reasons for its lower gas trading result. The company does not provide figures for its gas trading results or say what proportion of its business it accounts for. "Shell's trading update included a number of operational indicators which were broadly in line with our forecasts," said RBC equity analyst Biraj Borkhataria in a note. "Weaker trading across oil and gas which should be expected by the market given lower gas prices and the seasonality of Shell's LNG portfolio."
Persons: Shell, Biraj Borkhataria, Eva Mathews, Nora Buli, David Goodman, Mark Potter Organizations: Shell, RBC, Exxon, Thomson Locations: Norway, writedowns, Bengaluru, Shadia, London
CNN —Wall Street bankers, investors and economists have for months waffled over whether a US recession is coming. But for some Americans, the unforgiving economic pain typical during recession has already set in. Consumer spending accounts for about two-thirds of economic output, so if more Americans are forced to cut back because they were laid off, that might throw the US economy into a recession. Bank of America Chief Executive Brian Moynihan told CNN last week that he expects a mild recession early next year, rather than the late 2022 recession many have predicted. That means that laid-off Americans were often able to find a new job quickly due to a hot job market.
Persons: Al Brown, Brown, it’s, ” Brown, That’s, Allison Joyce, haven’t, Nina McCollum, hasn’t, She’s, ” McCollum, , Thomas Simons, ” Simons, Eva Marie Uzcategui, , Timothy A, Clary, Brian Moynihan, frustrates McCollum, Regina Walton, Walton, she’s, “ It’s, I’ve, ” Walton, , I’m, Richard Murray, Murray, he’s, you’re Organizations: CNN, Wall, Flyers, New, New Hanover NCWorks, Workforce, Bloomberg, Getty, Investors, Jefferies, National Bureau of Economic Research, Traders, New York Stock Exchange, Bank of America, San Francisco Bay Area, Companies, Consolidated Omnibus Budget, Cascade Locations: Concord , North Carolina, America, New Hanover, Wilmington , North Carolina, Cleveland , Ohio, Miami , Florida, AFP, San Francisco Bay, , Boston
Johanna Ruf was a nurse in the Berlin bunker where Nazi dictator Adolf Hitler spent his final days. In 2017, she published her memoir on her time in the bunker as the Red Army advanced in 1945. Ruf died at 94, the Berliner Zeitung reported, citing confirmation from her publisher. The Berliner Zeitung reported that Ruf was also one of the last people to see Goebbels' children before they were murdered by their parents in the bunker. Wieland Giebel, who edited Ruf's book, said that he hoped it provided an insight into what really happened at the time, per Berliner Zeitung.
Persons: Johanna Ruf, Adolf Hitler, , Hitler, Goebbels, Helmut, Magda, Joseph Goebbels, Wieland Giebel, Reichminister Joseph Goebbels, Bundesarchiv, Eva Braun, Braun Organizations: Red Army, Ruf, Berliner Zeitung, Service, Bund Deutscher Mädel, Hitler Youth, The Times, Reich, Soviet Red Army, Third Locations: Berlin, Hitler's Berlin
The idea is that pension funds will allocate more risk to younger cohorts and less to those nearer retirement. The new rules also mean pension funds can be less strict in protecting against swings in interest rates and exchange rates using derivatives like swaps. Commerzbank expects a "seismic" change to the market, where Dutch pension funds are key players. Pension funds are surveying their members to understand how much risk different age groups are willing to take. Ultimately, interest rates determine how much risk pension funds need to take to generate future payments.
Persons: Eva Plevier, Wim Barentsen, Frank Vinke, Vinke, Jaap Teerhuis, Commerzbank, Onno Steenbeek, PGGM's Vinke, Achmea's, Gerard Moerman, Yoruk Bahceli, Dhara Ranasinghe, Catherine Evans Organizations: REUTERS, ABN AMRO, European, Achmea Investment Management, European Central Bank, Asset Management, Reuters Graphics, Aegon Asset Management, Thomson Locations: Amsterdam, Netherlands, AMSTERDAM
June 30 (Reuters) - Britain's competition regulator on Friday said Photoshop owner Adobe Inc's (ADBE.O) $20 billion buyout of cloud-based designer platform Figma may be referred to a deeper investigation as it could "reduce innovation". The Competition and Markets Authority (CMA) said unless the parties offer acceptable undertakings to address competition concerns, the deal would be referred to a Phase 2 investigation. CMA had said in May it was looking into the deal, announced in September last year. "Adobe has no meaningful plans to compete in the product design space," Adobe said in a statement. "We remain confident in the merits of the case as Figma's product design is an adjacency to Adobe’s core creative products."
Persons: We're, Sorcha O'Carroll, Adobe, Eva Mathews, Radhika Anilkumar, Chavi Mehta, Janane Venkatraman, Angus MacSwan Organizations: Adobe, Markets Authority, CMA, Regulators, Big Tech, Activision, Thomson Locations: U.S, Bengaluru
June 30 (Reuters) - Barratt Developments (BDEV.L) on Friday said it had agreed to sell 604 homes to Lloyds' (LLOY.L) private rental subsidiary Citra Living for 168.4 million pounds ($212.57 million) in cash, as Britain's largest housebuilder looks to diversify revenue. About 500 of the homes will be transferred to Citra's ownership by June 2024, while the remaining homes will be transferred the following year, Barratt said. The sale comes as the UK housing sector braces for a slower recovery due to persistent interest rate hikes which are set to hurt demand. Britain's biggest mortgage lender Lloyds launched its private rental business, Citra Living, in 2021 in a bid to find new revenue sources. "Our goal at Citra is to bring much needed high quality homes to the UK rental market ... Our partnership with Barratt helps us achieve that goal," Citra Managing Director Andy Hutchinson said in a statement on Friday.
Persons: Barratt, David Thomas, Andy Hutchinson, Eva Mathews, Rashmi Aich, Jason Neely Organizations: Barratt, Lloyds, Bank of England, Thomson Locations: Bengaluru
Three-Stock Lunch: Disney, Pfizer & Citizens Financial
  + stars: | 2023-06-29 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Disney, Pfizer & Citizens FinancialEva Ados, ER Shares chief operations, joins ‘Power Lunch’ to discuss three stocks: Disney, Pfizer and Citizens Financial.
Persons: Eva Ados Organizations: Disney, Pfizer, Citizens, Citizens Financial
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney stock downgraded on uncertain growth expectations. Here's what the pros are sayingJim Lebenthal of Cerity Partners, Josh Brown of Ritholtz Wealth Management, Stephanie Link of Hightower Advisors and Eva Ados of ERShares discussed Disney after KeyBanc downgraded the stock to sector weight from overweight.
Persons: Jim Lebenthal, Josh Brown, Stephanie Link, Eva Ados, ERShares, KeyBanc Organizations: Disney, Cerity Partners, Ritholtz Wealth Management, Hightower Advisors
Shop REI’s Fourth of July Sale for Big Summer Savings
  + stars: | 2023-06-28 | by ( ) www.wsj.com   time to read: +5 min
By Buy Side from WSJ StaffQuality gear can make every outdoor activity more enjoyable—and now is your opportunity to pick up that gear while it’s on sale during REI Co-op’s Fourth of July sale. The jacket is great as a single layer for warmer weather rain showers or as a top layer over a fleece in colder weather. Backpacking tentREI members can get the REI Co-op Half Dome SL 2+ Tent for more than $130 off during this sale. Classic lawn chairThis lawn chair may give you happy flashbacks to backyard gatherings and for REI members, it’s 30% off. Lightweight sleeping bagsBoth these sleeping bags are 40% for REI members and feature water-repellent 600-fill-power duck down insulation and recycled nylon shells.
Persons: REI, you’re, Gucci, Birkenstock, , Helly Hansen, HH Max, Blue Organizations: Staff, REI, Independence, North Face, HH, Navy Locations: Norway
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