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[1/2] A headset is seen in front of displayed Hipgnosis logo in this illustration taken, June 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 6 (Reuters) - Major shareholders in music investor Hipgnosis Songs Fund (SONG.L) are preparing to block the sale of a rights portfolio worth $440 million to a private fund owned by Blackstone, the Financial Times reported on Friday. Hipgnosis had said the deal would help fund a share buyback, pay down debt and bolster its stock price. One of the top 10 investors in the company said that the price being offered by Blackstone was not high enough, according to the FT report. Reporting by Eva Mathews in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Hipgnosis, Shakira, Nelly, Blackstone, Eva Mathews, Saumyadeb Organizations: REUTERS, Blackstone, Financial Times, U.S, Thomson Locations: Bengaluru
A woman poses with a cigarette in front of Imperial Brands logo in this illustration taken July 26, 2022. The company also announced a share buyback of 1.1 billion pounds ($1.34 billion). Rival British American Tobacco (BATS.L) has lost more than 24% of its share value. In recent years, Imperial Brands has focused on its top five markets and expanding next-generation products deemed less harmful to health. ($1 = 0.8230 pounds)Reporting by Eva Mathews in Bengaluru; Editing by Nivedita Bhattacharjee, Krishna Chandra Eluri and Michael PerryOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, buyback, Hargreaves, Derren Nathan, Winston, blu vapes, Richard Hunter, Eva Mathews, Nivedita Bhattacharjee, Krishna Chandra Eluri, Michael Perry Organizations: Imperial Brands, REUTERS, FTSE, British American Tobacco, Interactive, Thomson Locations: Bengaluru
UK's CMA says examining Qualcomm's buyout of Israel's Autotalks
  + stars: | 2023-09-29 | by ( ) www.reuters.com   time to read: +1 min
Autotalks and Qualcomm logos are seen in this illustration taken, May 8, 2023. REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing RightsCompanies Autotalks Ltd FollowQualcomm Inc FollowSept 29 (Reuters) - Britain's antitrust regulator on Friday said it was examining whether Qualcomm's (QCOM.O) purchase of Israeli auto-chip maker Autotalks would lessen competition in the UK market. Qualcomm had said it would acquire Autotalks, a maker of chips used in crash-prevention technology in vehicles, but had not disclosed the terms of the deal. Autotalks, which makes dedicated chips used in the V2X communications technology sector for manned and driverless vehicles, would help Qualcomm expand its automotive business. Qualcomm and Autotalks did not immediately respond to Reuters' request for comment.
Persons: Dado Ruvic, Autotalks, Eva Mathews, Rashmi Aich, Dhanya Ann Thoppil Organizations: Qualcomm, REUTERS, Markets Authority, Politico, U.S . Federal Trade Commission, Reuters, Thomson Locations: Bengaluru
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/health/healthcare/these-employers-took-on-healthcare-costs-and-the-fight-got-nasty-54674114
Persons: Dow Jones
Cubs aim to shake off stunning loss to Braves
  + stars: | 2023-09-27 | by ( Field Level Media | ) www.reuters.com   time to read: +3 min
The Cubs squandered a six-run lead and lost 7-6 when right fielder Seiya Suzuki whiffed on a fly ball in the eighth inning. He hit a two-run triple in the loss and is hitting .364 (51-for-140) over his past 37 games. Taillon has not faced the Braves this season. Atlanta is six homers short of tying the major league record set by the 2019 Minnesota Twins. That leaves him one short of matching the modern-era franchise record (since 1900) set by Eddie Mathews in 1953.
Persons: Seiya Suzuki, We're, David Ross, Suzuki, Seiya, Ross, He's, he's, Jameson Taillon, Darius Vines, Taillon, Vines, Matt Olson, Eddie Mathews, Pete Alonso, Olson, Hank Aaron Organizations: Chicago Cubs, Atlanta Braves, Cubs, National League, Arizona Diamondbacks, Miami Marlins, New York Mets, Los Angeles Dodgers, Braves, Chicago, Atlanta, Colorado Rockies, Pittsburgh Pirates, Colorado, Washington, Minnesota Twins, Thomson Locations: Chicago, Atlanta
“It’s an old wives’ tale,” said Simon Travis, professor of clinical gastroenterology at the University of Oxford in the United Kingdom. “If you swallow chewing gum, it’ll go through the stomach, and go through into the intestine, and pass out unchanged at the other end,” Travis said. “There are cases of chewing gum lodging in the intestines of infants and even children if they’ve swallowed a lot, and then it causes an obstruction. “Chicle is a natural latex that comes from something called the Chico sapote tree, or sapodilla tree,” Mathews explained. When to worry about swallowing gumUnless you are in pain or have swallowed a lot of gum, Travis and Carroll said you don’t need to go to the doctor if you accidentally swallow a piece whole.
Persons: , Simon Travis, , Travis, ” Travis, they’ve, I’ve, Dr, Aaron Carroll, Carroll, wouldn’t, Jennifer Mathews, William Wrigley, Mayans, Mathews, ” Mathews, ” Carroll, Leila Kia, ” Kia, Kia Organizations: CNN, University of Oxford, Indiana University, Trinity University, Central America, Northwestern University’s Feinberg School of Medicine, Kia Locations: United Kingdom, , San Antonio , Texas, Americas, Mexico, Central, chico, Pima, United States, Chicago
Ladbrokes owner Entain warns on online gaming revenue
  + stars: | 2023-09-25 | by ( ) www.reuters.com   time to read: +2 min
Sept 25 (Reuters) - Ladbrokes owner Entain (ENT.L) warned on its online net gaming revenues for the third quarter and the full-year on Monday, as the British gambling firm grapples with ongoing regulation in the industry, particularly in the UK, and slower growth in Australia and Italy. The owner of online brands bwin and partypoker, said it expects third-quarter online net gaming revenue to be down by "high single digit percent" on a pro-forma basis. It also expects group online gaming revenue for the full year to be down "low single digit percent" on a pro-forma basis. Meanwhile, sports-betting service BetMGM, which Entain jointly owns with MGM Resorts (MGM.N) was on track to report positive core profit in the second half and full-year gaming revenues at the top end of its expectations, the British company said. ($1 = 0.8170 pounds)Reporting by Eva Mathews in Bengaluru; editing by Eileen Soreng and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Entain, Eva Mathews, Eileen Soreng, Louise Heavens Organizations: MGM Resorts, Turkish, Thomson Locations: Australia, Italy, London, Bengaluru
WASHINGTON (AP) — The Biden administration announced Monday that it has awarded more than $1.4 billion to projects that improve railway safety and boost capacity, with much of the money coming from the 2021 infrastructure law. The projects include track upgrades and bridge repairs, in addition to improving the connectivity among railways and making routes less vulnerable to extreme weather. “We’ve been fighting to return passenger trains to the Gulf Coast since it was knocked offline by Hurricane Katrina. A project in Kentucky will receive $29.5 million to make improvements to 280 miles of track and other infrastructure along the Paducah and Louisville Railway. And in Tennessee, $23.7 million will go to helping upgrade about 42 bridges on 10 different short-line railroads.
Persons: , Pete Buttigieg, Hurricane Katrina, Katrina, ” Sen, Roger Wicker, “ We’ve, Jim Mathews Organizations: WASHINGTON, Biden, Hurricane, Amtrak, CSX, Norfolk Southern, ” Rail Passengers Association, Railroad, Paducah and Louisville Railway, & $ Locations: Alabama , Louisiana, Mississippi, of Mexico, Gulf, Gulf Coast, Coulee, Washington, Kentucky, Paducah, Tennessee
Omar Abbosh, chief strategy officer at Accenture, speaks during the annual Cyberweek conference at Tel Aviv University, Israel June 20, 2016. Abbosh, 57, will take over the reins early in 2024 from Bird, 59, whose strategy of selling directly to consumers helped Pearson out of a tumultuous few years during the pandemic. Shares in Pearson were down 5.2% at 838 pence in morning trading in London. Bird sought to sharpen Pearson's focus to selling directly to consumers and away from traditional educational outlets as the pandemic boosted demand for online learning. Pearson would compensate Abbosh for leaving Microsoft, including cash and an award of restricted shares equivalent to a maximum of 50,813 Microsoft shares or about 13 million pounds ($16.06 million) at the current price and foreign exchange rates, it said.
Persons: Omar Abbosh, Amir Cohen, Bird, Pearson, Andy Bird, Abbosh, it’s, Hargreaves, Sophie Lund, Yates, Yadarisa Shabong, Eva Mathews, Janane Venkatraman, Jason Neely, Bernadette Baum Organizations: Accenture, Tel Aviv University, Israel, REUTERS, Microsoft, Pearson, Apollo, Microsoft's Industry Solutions, Walt Disney Co, British, Thomson Locations: Abbosh, Bird, London, Bengaluru
"I thought Matt would be the guy to break the record,” Jones said last weekend in Atlanta when his number was retired. Olson hit a solo shot in Atlanta's 7-6 win over the Phillies in 10 innings on Tuesday, tying the team record Jones set in 2005. Olson was raised in the Atlanta area and grew up a fan of Jones and the Braves. Olson hit two homers a night earlier against the Phillies, and the milestone 50th had to be retrieved from a fan. Olson, who also has a 10-game hitting streak, entered the game on pace for 56 homers and 143 RBIs.
Persons: — Andruw Jones, Matt Olson, , Matt, ” Jones, “ He’s, Olson, Jones, , ” Olson, Zack Wheeler, Wheeler, Hank Aaron, Eddie Mathews, Chipper Jones, Dale Murphy, Prince Fielder, ___ Organizations: PHILADELPHIA, Braves, Philadelphia Phillies, NL, Atlanta, Phillies Locations: Atlanta
UK's Direct Line appoints CEO after tough 2022
  + stars: | 2023-08-30 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Aug 30 (Reuters) - British motor and home insurer Direct Line Insurance Group (DLGD.L) on Wednesday named Adam Winslow, a senior executive at Aviva (AV.L), as its CEO, seeking to reset after profits fell by 95% in 2022. Winslow, who is currently CEO of UK & Ireland general insurance at FTSE 100-listed Aviva, will join Direct Line in the first quarter of 2024. His appointment comes after Penny James, Direct Line's CEO for nearly four years, stepped down in January and Chief Commercial Officer Jon Greenwood was appointed acting CEO. Direct Line reported in March that its operating profit dropped 95% in 2022 after inflation drove up the cost of motor repairs and it warned that 2023 would be impacted by higher than previously expected claims inflation. Direct Line reports first-half 2023 results on Sept. 7.
Persons: Adam Winslow, Winslow, Penny James, Jon Greenwood, Sinchita Mitra, Eva Mathews, Huw Jones, Varun Organizations: Line Insurance, Aviva, UK & Ireland, Direct, Thomson Locations: British, Bengaluru, London
UK's FCA temporarily suspends Superdry's shares on request
  + stars: | 2023-08-30 | by ( ) www.reuters.com   time to read: +1 min
Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo Acquire Licensing RightsCompanies Superdry PLC FollowAug 30 (Reuters) - Britain's Financial Conduct Authority (FCA) has temporarily suspended the listing of Superdry Plc's (SDRY.L) ordinary shares of 5 pence each on request, the fashion retailer said on Wednesday. "The board confirms that the delay is a result of normal procedures taking longer than anticipated during the first year that RSM are auditing the company," Superdry said in a statement. The company added it expects to request the listing's restoration on the release of its annual results before the end of the week. Earlier this month, it secured additional funding of up to 25 million pounds ($31.58 million) from restructuring specialist Hilco Capital.
Persons: Toby Melville, Superdry, Eva Mathews, Janane Organizations: FCA, Financial, Authority, REUTERS, RSM, LLP, Hilco, Thomson Locations: London, Britain, Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican University president on rising college costs: We have to focus on the value propositionSylvia Mathews Burwell, American University president and former HHS Secretary under President Obama, joins 'Squawk Box' to discuss the rising cost of higher education, why college is so expensive, the impact of A.I. in modern classrooms, and more.
Persons: Sylvia Mathews Burwell, Obama Organizations: American University
Aug 21 (Reuters) - DP Eurasia (DPEU.L) will file for bankruptcy for its Russian business and exit the country, the operator of the Domino's Pizza brand in Russia, Turkey, Azerbaijan and Georgia said on Monday. In December, the company said it was considering options for its Russian operations, including a divestment, like other Western firms which have exited Moscow following its invasion of Ukraine. Some have managed to negotiate swift exits, often selling at huge discounts or handing the keys to local management. The pace of exits has now slowed substantially but the rules are even harder to navigate for those remaining. DP Russia, the third-largest pizza delivery company in the country, operated about 142 stores.
Persons: Eva Mathews, Dhanya Ann Thoppil, Savio D'Souza Organizations: DP Eurasia, Eurasia, DP Eurasia's Turkish, DP Russia, Thomson Locations: Russia, Turkey, Azerbaijan, Georgia, Moscow, Ukraine, Bengaluru
The Pharmacy-Benefit Sector Just Took a Hit
  + stars: | 2023-08-18 | by ( Anna Wilde Mathews | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/health/healthcare/a-big-health-insurer-is-ripping-up-the-playbook-on-drug-pricing-ec152227
Persons: Dow Jones
LONDON, Aug 15 (Reuters) - Legal & General (LGEN.L) reported a forecast-beating operating profit of 941 million pounds ($1.20 billion) in the first half on Tuesday, boosted by its bulk annuity business, and said it was on track to meet its five-year ambitions. Analysts in a company-compiled consensus poll had forecast operating profit for the British life insurer and asset manager of 834 million pounds. Operating profit fell nearly 2% from a year earlier but analysts at Jefferies said they expected the results to be "well received" on Tuesday. British specialist insurer Just Group (JUSTJ.L) reported a 154% jump in first-half profit on Tuesday, also beating market estimates, boosted by bumper sales of its retirement income products and higher new business income. ($1 = 0.7868 pounds)Reporting by Carolyn Cohn in London and Eva Mathews in Bengaluru, editing by Sinead CruiseOur Standards: The Thomson Reuters Trust Principles.
Persons: Nigel Wilson, Jefferies, Carolyn Cohn, Eva Mathews, Sinead Cruise Organizations: General Investment Management, Thomson Locations: London, Bengaluru
How to Save for a House
  + stars: | 2023-08-09 | by ( Michele Lerner | ) www.wsj.com   time to read: +10 min
By Michele LernerThe need to save looms large in the home buying process. 5 strategies to save for a houseZillow estimates that it would currently take the typical household saving 5% of their income close to nine years to save a 10% down payment on a typical house. For example, if you’re aiming for $50,000 down on a $500,000 home in three years, you’ll need to save nearly $1,400 a month. That means the fastest way to save is often to cut costs on the place you live. However, he says you should at least save the minimum to earn any 401(k) matching contributions your employer offers and have a plan to increase your contributions after you buy a house.
Persons: Michele Lerner, you’re, , Isabel Barrow, Barrow, Cash, Tom Mathews, Matt Steenson, ” Barrow, Mathews, , you’ve, , ” Steenson, Steenson Organizations: National Association of Realtors, NAR, Edelman, News Corp, The, Street, PNC Bank, Federal Deposit Insurance Corp Locations: Alexandria, Va, Atlanta, Pittsburgh
Backers of AI predict a productivity leap that will generate wealth and improve living standards. The productivity gains it was once lauded for have slowed across many economies. In a globalised economy, there are other reasons to doubt whether the potential gains of AI will be felt evenly. That is just one of several factors that will help determine how AI shapes our economic lives - from antitrust policies that ensure healthy competition among AI suppliers through to re-training of workforces. "The question is: will AI exacerbate existing inequalities or could it actually help us get back to something much fairer?"
Persons: Richard Erkhov, Yiannis, Simon Johnson, Johnson, Daron Acemoglu, jenny, Natixis, Stefano Scarpetta, MIT's Johnson, Mary Towers, Eva Mathews, Mark John, Catherine Evans Organizations: REUTERS, MIT Sloan School of Management, McKinsey, Hollywood, Reuters, Labour, Social Affairs, Economic Cooperation, Development, UN, POWER, Britain's Trades Union, OECD, Thomson Locations: Pascal, Nicosia, Cyprus, U.S, American, Paris, Bengaluru
Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKayAug 1 (Reuters) - Metro Bank Holdings (MTRO.L) on Tuesday reported a first-half profit compared with a year-ago loss, helped by the British mid-sized lender keeping a tight rein on costs and benefiting from interest rate hikes. Bank profits have been lifted by successive rate increases by the Bank of England, enabling lenders to make more money on borrowing despite the threat to the economy posed by rampant inflation. The bank posted an underlying pre-tax profit of 16.1 million pounds ($20.65 million) for the six months ended June 30, compared with a loss of 48 million pounds a year earlier. Metro Bank, which was set up more than a decade back to challenge the dominance of mainstream lenders, reported total deposits of 15.53 billion pounds, down from 16.01 billion pounds as on Dec. 31.
Persons: Hannah McKay, Eva Mathews, Rashmi Organizations: Metro Bank, REUTERS, Metro Bank Holdings, Bank of England, Thomson Locations: London, Britain, British, Bengaluru
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
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 buzzy generative-AI startup Runway wants to revolutionize video creation and editing. Filmmakers and creators have been using the startup to make video editing more efficient. All sorts of AI startups are cropping up with the promise of simplifying video creation and editing. In traditional video editing, this would be done frame by frame, but Runway's AI can do it automatically. "This is a perfect example, the video required the initial iPhone shot that he recorded and the text prompts," Valenzuela said.
Persons: Cristóbal Valenzuela, It's, Ben Mathews, Valenzuela, Stephen Colbert, Oscar, Quinn Murphy, popstar Alicia Keys, Murphy, Kevin Parry, Runway's, Martin Haerlin, Paul Trillo, it's Organizations: Ventures, Runway, Netflix, Star Wars, Wars
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