Category: Business
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U.K. Water Utilities Can Hike Bills by 36% Over Next Five Years, Watchdog Says
Water companies in England and Wales can raise customers’ bills over the next five years to help pay for improvements to prevent sewage spills into waterways, the regulator said.
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European Indexes Fall on Slower U.S. Rate Cut Projections
Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.
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Sony to Raise Stake in Kadokawa, Becoming a Top Shareholder
Sony Group plans to acquire an additional stake in Japanese publishing house Kadokawa for more than $300 million to become one of its largest shareholders.
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Auto & Transport Roundup: Market Talk
Find insight on Hyundai , Renault, Air Canada and more in the latest Market Talks covering Auto and Transport.
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Lamb Weston Replaces CEO, Cuts Outlook
Lamb Weston Holdings said it was replacing its chief executive and slashing guidance again as demand for frozen potato products sputters, sending shares sharply lower.
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Activist Investor Widens Call for Review of Rio Tinto’s Dual-Listing
Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.
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Apple Faults Meta For Software-Access Requests as EU Crackdown Looms
Apple called out Meta for seeking access to software tools that it said could compromise user privacy, a criticism that comes as the EU tries to force the iPhone maker to give developers greater access to its technology.
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Energy & Utilities Roundup: Market Talk
Find insight on Fluence Energy, Rivian and more in the latest Market Talks covering Energy and Utilities.
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Basic Materials Roundup: Market Talk
Find insight on Kingboard Laminates, Syrah and more in the latest Market Talks covering Basic Materials.
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Thousands of Amazon Workers Strike During Pre-Christmas Rush
The action comes over contract negotiations and the company’s refusal to recognize the Teamsters labor union.