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European gas prices advance on Russian pipeline uncertainty

Bloomberg European natural gas prices rose for a fourth consecutive session, with little clarity on future flows via a major Russian pipeline. While the Nord Stream pipeline is sending gas to Germany at a consistent rate of 40% of capacity following the end of maintenance on July 21, Russian President Vladimir Putin warned that this could decline to 20% if ...

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A US recession will also come to India’s tech hub

India’s tech industry is ruling out a US recession. Or so you would think from Infosys Ltd’s cheery forecast of 14% to 16% annual revenue growth, slightly better than what the country’s second-biggest exporter of software services was projecting just three months ago. The Bengaluru-based firm, which reported its June quarter earnings, is considered the industry’s weathervane. If it’s optimistic ...

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Primark is ready to shine on its own

It’s the end of an era for Primark’s owner Associated British Foods Plc, as longtime CFO John Bason prepares to retire in April next year. He will be succeeded by Eoin Tonge, the finance director of Marks & Spencer Group Plc. Behind the drama — Tonge was given an enlarged role at M&S only a few weeks ago and was ...

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