News

Bloomberg A weak share price, a fragile dividend and a switch of chief executives: conditions at Vodafone Group Plc may be ripe for a shake-up by US activist investor Elliott Management Corp. A report that Elliott has taken a stake in the world’s second-largest wireless carrier comes at a critical time for Vodafone, which is battling intense competition in Europe ...

Bloomberg A bumper day of euro-area economic releases showed the region’s vital signs remain good, if not great. The region’s economic expansion entered a sixth year but growth slowed to just 0.3 percent, the weakest in two years. Inflation accelerated further above the European Central Bank’s goal, though that was largely driven by stronger energy prices. Unemployment remained at the ...

Bloomberg Glencore Plc increased cobalt production by almost a third after restarting output at its Katanga unit in the Democratic Republic of Congo. The Swiss commodity giant is seeking to double its production of cobalt in the next two years, tightening its grip on the market for the key battery material in electric vehicles. First-half cobalt output jumped 31 percent ...

Bloomberg US consumer confidence increased modestly in July as Americans grew more upbeat about the economy and labor market, figures from the New York-based Conference Board showed. US confidence index rose to 127.4 (est. 126) from 127.1 in June (prev. 126.4). Present conditions measure increased to a 17-year high of 165.9 from a revised 161.7. A currently healthy labour market ...

Bloomberg Thomas Cook Group Plc said unusually hot weather is making its north European customers far less enthusiastic about booking last-minute beach holidays, weighing on the tour operator’s earnings. Summer bookings for the UK company’s package breaks were unchanged from last year through July 21, compared to a 3 percent gain through May, according to a statement on Tuesday, indicating ...

Bloomberg Honda Motor Co. joined the list of carmakers projecting challenges for the global auto industry hit by a trade war — though a weaker yen is helping the Japanese brand weather some of the storm. The Japanese company lowered its revenue forecast for the fiscal year as it shaved 75,000 vehicles off its sales projection for North America, citing ...

Bloomberg Sony Corp. raised its outlook for the current fiscal year, thanks to robust sales of the PlayStation console and a stake in recently listed Spotify Technology SA. Net income will be 500 billion yen ($4.5 billion) on sales of 8.6 trillion yen through next March, the Tokyo-based company said. The prior forecast called for 480 billion yen and 8.3 ...

Bloomberg China has charged its former top internet censor with corruption, formalising the demise of an official who became synonymous with the country’s strict control of online information. Lu Wei was charged with accepting bribes, taking advantage of his official position and using other officials to seek profits, according to a statement issued by the Supreme People’s Procuratorate, China’s top ...

Bloomberg Nissan Motor Co. may decide soon on building another factory in China as the company pursues a goal of expanding sales in the country by 1 million units by 2022, according to its CEO. “First step is adding capacity in the existing operation. We still have some room to expand,” Chief Executive Officer Hiroto Saikawa said Monday during an ...

Bloomberg Jaguar Land Rover posted a quarterly loss amid a decline in deliveries of its sport utility vehicles (SUV) F-Pace and Discovery Sport from a year earlier. The luxury unit of Tata Motors Ltd. reported a loss of $276 million in the three months ended on June 30, the automaker said. The parent also posted a loss of $277 million. ...