Macquarie warns of slowdown after bumper year, shares tumble almost 6%
By Savyata Mishra (Reuters) – Australias Macquarie on Friday warned of significantly lower income from its commodities trading arm and forecast transaction activity at its capital business to ease from record levels in the near term, sending its shares almost 6% lower.
Tokyo consumer prices rise at fastest pace in 7 years
By Yoshifumi Takemoto and Kantaro Komiya
Peloton seeks buyers for minority stake – WSJ
(Reuters) – Fitness equipment maker Peloton Interactive Inc is exploring the sale of a sizable minority stake in the company, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Court orders BitMEX co-founders to pay fine in connection with CFTC charges
(Reuters) – The U.S. District Court for the Southern District of New York ordered the co-founders of cryptocurrency platform BitMEX to pay a combined $30 million fine in connection with a 2020 complaint from the Commodity Futures Trading Commission.
Virgin Galactic delays launch of commercial space flight service
(Reuters) – Virgin Galactic Holdings Inc will delay the launch of its commercial space flight service to the first quarter of 2023, the space tourism company said on Thursday, citing supply chain crisis and labor constraints.
Foot Locker to focus more on Adidas as Nike lowers presence
(Reuters) – Foot Locker Inc is aiming to triple Adidas‘s sales of sneakers and other items at its stores, as it promotes the products of the German sportswear giant to counter Nike Inc’s shrinking presence at the retail chain.
The Chernin Group leads $263 million investment in Funko
(Reuters) – The Chernin Group, an investment firm known for backing emerging media, commerce and technology industries, announced on Thursday that it will lead a consortium making a $263 million investment in the lifestyle brand Funko Inc.
Britain to give new tech regulator statutory powers
LONDON (Reuters) – Britain will give statutory powers to a new technology regulator so it can enforce pro-competition rules and prevent tech giants including Google and Facebook from using their dominance to push out smaller firms and disadvantage consumers.
EOG Resources profit more than doubles, dividend raised on soaring oil prices
(Reuters) – U.S. shale producer EOG Resources Inc said on Thursday its first-quarter profit more than doubled and raised its dividend, as the Ukraine crisis pushed oil prices to multi-year highs.
ARK Innovation Fund drops nearly 9% during market selloff
NEW YORK (Reuters) – Star stock picker Cathie Woods ARK Innovation fund dropped nearly 9% on Thursday as concerns about rising inflation and slowing growth sent the benchmark S&P 500 down nearly 3.6%.
DoorDash raises core growth target after revenue tops estimates
(Reuters) – DoorDash Inc raised its full-year forecast for a key industry metric on Thursday, saying it has largely skirted labor woes that have plagued most sectors to ensure seamless delivery of food and groceries.
Struggling British pig industry calls for Tesco to step-up
LONDON (Reuters) – The trade body for Britain‘s pig industry on Thursday told Tesco, the country’s biggest supermarket group, it needs to do more to support struggling producers or risk losing its UK pork supply base. In an open letter to Tesco Chief
Block plunges to loss as bitcoin boost fades
(Reuters) – Block Inc, the payments company led by Jack Dorsey, on Thursday reported a loss for the first quarter as demand for bitcoin softened due to a decline in cryptocurrency prices.
Air Lease posts quarterly loss on charges from jets stranded in Russia
(Reuters) -Air Lease Corp on Thursday reported a quarterly loss after the aircraft lessor recorded a previously announced $802.4 million charge on the value of jets stranded in sanctions-hit Russia.
Bank of Englands Bailey forgoes pay rise again
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Thursday he would forgo a pay rise for a third year in a row after he urged people in Britain to show wage restraint in the face of fast-rising inflation.
Atlantia pockets 8.2 billion euros from sale of Italian motorway assets
MILAN (Reuters) – Italian infrastructure group Atlantia said on Thursday it had finalised the sale of its controlling stake in Italian motorway unit Autostrade per lItalia in a deal worth 8.2 billion euros ($8.6 billion).
Italys Fincantieri sales rise 18% in Q1
MILAN (Reuters) – Italys Fincantieri said its sales rose 18% in the first-quarter to 1.7 billion euros ($1.76 billion) driven by a strong performance of its core shipbuilding business.
Takeaway shares slump another 12% to close below 2016 IPO price
AMSTERDAM (Reuters) – A fall in the share price of Just Eat Takeaway.com NV accelerated in late European trading on Thursday, with the stock closing down 12% at 21.18 euros ($22.26) in Amsterdam – below the companys 2016 initial public offering price of 23 euros.
Soccer-Abramovich says he has not asked for Chelsea loan to be repaid
(Reuters) – Russian oligarch Roman Abramovich on Thursday denied media reports that he has asked for his loan to Chelsea football club to be repaid, saying that the suggestions are “entirely false”.
Musks $44 billion buyout of Twitter faces FTC antitrust review -report
(Reuters) – The U.S. Federal Trade Commission (FTC) is reviewing Tesla Chief Executive Elon Musks $44 billion takeover of Twitter Inc, Bloomberg News reported on Thursday, citing a person familiar with the deal.