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Telenor shares drop as stalling revenue growth cuts outlook

Bloomberg Telenor ASA, Norway’s state owned carrier and biggest operator in the Nordic region, slid as much as 4.4 percent after its earnings dropped in the second quarter and it cut its full-year outlook amid increased competition in its key markets. The company posted earnings before interest depreciation and amortisation of 11.1 billion kroner ($1.3 billion), missing an estimate of ...

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Amazon faces probe as EU antitrust chief plans summer finale

Bloomberg Amazon.com Inc is to be investigated by the European Union as the bloc’s antitrust chief Margrethe Vestager prepares for a summer finale to her five-year crackdown on US technology giants. The Dane, who heads the EU’s competition division, is poised to open a formal investigation into Amazon within days, according to two people familiar with the case, who asked ...

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Britain wages rise at fastest pace since 2008 in tight labour market

Bloomberg UK wages grew at the fastest pace in 11 years in the three months through May and unemployment remained at its lowest rate since the mid-1970s. Average earnings excluding bonuses rose 3.6 percent, the Office for National Statistics said on Tuesday. The number of people in work rose 28,000 to a record high, leaving the jobless rate at a ...

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