Category: News
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Pret A Manger leads high street coffee price hikes with 51% increase over five years, Greggs remains most affordable
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Pret A Manger has revealed it is the leading coffee chain with the biggest price increases over the past five years, with the cost of its most popular drinks rising by an average of 51%. According to research by Stocklytics, the price of Pret’s Americano coffee has seen the biggest…
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RBC Says Former CFO’s Texts Show Romance With Executive
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Breadcrumbs Path Links PMN Business Royal Bank of Canada said it had evidence that its former chief financial officer had an intimate relationship with a colleague, but did not disclose it, citing text and email exchanges between the two. Article author: Bloomberg News Christine Dube Published on August 16, 2024…
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NICE Systems names new CEO, beats analysts on Q2
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Nice Systems Ltd. (NASDAQ: nice – good; level:nice – goodNICE has appointed Scott Russell, a former senior executive at SAP, as its new CEO. He replaces Barak Elam, who announced he would step down at the end of the year when NICE published its first-quarter financial results three months ago,…
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Forexlive Americas FX news wrap: Gold hits an all time high above $2500
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Soft August jobs report could sway fed to deliver supersized rate cut in September By Investing.com
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Expectations of a major interest rate cut in September had lost steam after recent economic data showed that recession fears were just hype about nothing, but with the labor market now in the driver’s seat of monetary policy, the August jobs report has the potential to revive bets on a…
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Stocks secure best week of the year, reversing early August sell-off
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Despite the recent rally in tech stocks, mega-cap names like Alphabet (GOOG, GOOGL), Amazon (AMZN), and Microsoft (MSFT) have seen their shares decline over the past month as investors question the viability of the AI space. Shares of Google parent Alphabet Inc. fell 14%, while Amazon shares fell about 8%.…
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Maravai LifeSciences may be worth $15 to $20 share in a takeout – analyst
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franckreporter/E+ via Getty Images Maravai Life Sciences (NASDAQ: MROV) could be worth $15 to $20 per share in a potential acquisition based on previous transactions, according to an RBC analyst, after a report that Repligen (RGEN) has made an offer for the vaccine reagent vendor. Maravai Stock (MRVI)) jump 23%…
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Trump’s promised tariffs could spark trade war, inflation, expert warns
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As the 2024 presidential election approaches, the economic policies of the two main candidates, former President Donald Trump and Vice President Kamala Harris, have come into focus. Vice President Harris was recently criticize Because of her promise to fight “price gouging” by corporations if elected, with some prominent figures Economists…
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Kenya Re half-year profit dips 10pc on forex losses
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Kenya Re’s net profit in the six months to June fell 10 percent to Sh1.06 billion, as foreign exchange losses eroded higher income from reinsurance and local investments. The Nairobi Securities Exchange-listed reinsurer reported a net foreign exchange loss of Sh800.25 million in the period, compared to a profit of…
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Aldi poised to overtake ASDA as UK’s third largest grocer within five years
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ASDA is set to lose its place as the UK’s third-largest grocery chain, with Aldi set to overtake it by 2028, according to analysis by GlobalData, a leading data and analytics company. The forecast comes as Asda faces a range of challenges, including leadership turmoil, labour disputes and shrinking market…
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Onchain risk management co Chaos Labs raises $55m
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Israeli Chain Risk Management Company Chaos Labs Today, we announced the completion of a $55 million Series A funding round led by Haun Ventures with new investors including F-Prime Capital, Slow Ventures, and Spartan Capital. Existing investors Lightspeed Venture Partners, Galaxy Ventures, Wintermute Ventures, PayPal Ventures, General Catalyst, Bessemer Venture…
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Stocks Lose Steam as US Housing Data Disappoint: Markets Wrap
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(Bloomberg) — Stocks lost ground at the end of a strong week after a disappointing reading on the housing market, as traders awaited data on U.S. consumer sentiment. Most Read from Bloomberg Stocks fell in early trading in New York, with the S&P 500 set to end a six-day winning…
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Nike wins over more analysts on signs of a turnaround (NYSE:NKE)
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Thank you for your help/iStock Editorial via Getty Images Nike (NYSE: No) is looking to extend its recent rally as more Wall Street analysts point to a shift in the company that is slowly starting to affect it. Williams Trading has gone from being a bear in Nike (NKE) to……
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ForexLive European FX news wrap: Dollar retreats alongside bond yields
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Headlines: Markets: Japanese Yen Advances, USD, CAD Lag on the Day European stocks rise; S&P 500 futures down 0.2% The yield on the 10-year US Treasury note fell 5.9 basis points to 3.867%. Gold rises 0.6% to $2,469.79 West Texas Intermediate crude fell 2.9% to $75.86. Bitcoin price rises 2.9%…
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Matthew Perry’s assistant and 2 doctors charged in his death
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LOS ANGELES (Reuters) – Five people, including his personal assistant and two doctors, have been charged in the death of Matthew Perry in what prosecutors described as a “vast underground criminal network” dedicated to supplying the “Friends” star with the powerful surgical anesthetic that killed him. U.S. Attorney Martin Estrada,…
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Ode to Margaretta wa Gacheru: Artistes eulogise journalist as a careers-builder, mentor
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The Kenyan arts and theatre scene raises a glass – and perhaps a paintbrush – to celebrate the life and work of Margarita wa Gacheru. Margarita’s name is synonymous with the evolution of artistic narrative in Kenya. As a writer, her pen had as much influence on the art world…
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Rayner signals potential delays to key employment reforms
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Angela Rayner has indicated that some elements of her planned reform of workers’ rights could be delayed, in a setback for union leaders. At a key meeting at the Cabinet Office in Whitehall, the deputy prime minister told union and business lobby representatives that “not everything” initially proposed would be…
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Rayner signals potential delays to key employment reforms
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Angela Rayner has indicated that some elements of her planned reform of workers’ rights could be delayed, in a setback for union leaders. At a key meeting at the Cabinet Office in Whitehall, the deputy prime minister told union and business lobby representatives that “not everything” initially proposed would be…
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HSBC’s Play for Mideast Wealth Marred by Exits, Regulatory Curbs
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Breadcrumb Trail Links PMN Business At HSBC Holdings Plc, a star hire who was supposed to reinvigorate the firm’s private banking business in the Middle East is facing a reality check. Author of the article: Bloomberg News Archana Narayanan, Dinesh Nair and Ben Stupples Published Aug 16, 2024 • 7…