For one day, the New York Stock Exchange was denim friendly. Levi Strauss & Company, the company that traces its roots to the days of the California Gold Rush, started trading publicly on Thursday for the second time in its 165-year history. Traders in New York were clad in denim pants and jean jackets, as […]
Tesco is selling a wedding cake made entirely out of cheese. Yes, you did just read that right. So if you're marrying someone who prefers savoury to sweet and would love nothing more than to tuck into a five tier cheese masterpiece, then this is the wedding cake for you. And to make matters even […]
HELSINKI (Reuters) – Finnish telecom equipment maker Nokia does not plan to take on any new business in Iran in 2019, it said in its annual report on Thursday, citing difficulties in dealing with conflicting U.S. and European trade policies. “The diverging EU and U.S. regulatory framework governing business activities in Iran will be far […]
Rent the Runway, the company known for lending designer dresses to women for special occasions, has received a new round of financing that increased its valuation to the unicorn level of $1 billion. The valuation announced on Thursday is a milestone for Rent the Runway, which was founded a decade ago and has been working […]
(Reuters) – Ford Motor Co on Thursday named Amazon.com Inc veteran Tim Stone as chief financial officer, the automaker’s first external hire for the role in seven decades. Stone, 52, replaces Bob Shanks, who will retire at the end of 2019 after serving the company for 42 years. Stone held various financial roles at Amazon […]
(Reuters) – Shares in Levi Strauss & Co surged 31 percent in their debut on Thursday, giving the U.S. jeans maker a market value of $8.7 billion and indicating a strong investor appetite ahead of much-awaited listings from Lyft and Uber Technologies. The 165-year-old company’s return to the public market comes at a time when […]
Agriculture Commissioner Phil Hogan has accused the United Kingdom of trying to force the EU to impose a hard border with Northern Ireland. He criticised the UK government’s behaviour in the run-up to Brexit saying it is “not in the spirit of the Good Friday Agreement”. He has also said there is no plan in […]
TANAISTE Simon Coveney hit out at hardline Brexiteers and warned they were having “a corrosive impact” on desperate efforts to avoid the UK crashing out of the EU without a withdrawal agreement. Mr Coveney said that while Ireland, the British Government and the EU all want an agreed withdrawal of the UK, hardline Brexiteers want […]
Easter and all its sweet-toothed treats might be heaven for chocoholics, but now someone has finally created the dream Easter egg for those of us more partial to crisps, bread or a good lump of cheese. A savoury masterpiece, the strange looking cream-coloured egg is made from 100% Lancashire-farmed cheddar cheese, with a soft, creamy […]
LONDON (Reuters) – European shares wilted and there was a stampede into bonds on Thursday, after the U.S. Federal Reserve’s abandonment of all plans to raise rates this year left traders wondering what might be lurking in the shadows. World markets’ reaction to a super-dovish Fed was not unlike the response to the European Central […]