Exclusive: British investors step back from executive pay battle
LONDON (Reuters) – Investors in Britain’s largest companies have rowed back on the protests over pay which most readily symbolized public distaste over perceived corporate greed during last year’s ‘shareholder spring’.
Rite Aid posts third straight quarterly profit
(Reuters) – Rite Aid Corp , the No. 3 U.S. drugstore chain, posted its third consecutive quarterly profit on Thursday, helped by sales of higher-margin generic drugs.
UK watchdog says Lloyds must raise $13.5 billion capital
LONDON (Reuters) – Lloyds Banking Group must plug a capital shortfall of 8.6 billion pounds ($13.5 billion), Britain’s banking regulator said on Thursday, a day after the government signaled plans to return the part-state owned lender to the private se…
Rebound in UK retail sales signals solid second quarter
LONDON (Reuters) – British retail sales bounced back much more than expected in May, adding to evidence of accelerating economic growth in the second quarter and easing some of the pressure on the central bank to boost the economy.
French watchdog tells Google to change privacy policy
PARIS (Reuters) – France’s data protection watchdog ordered Google on Thursday to change its privacy policy or face fines, leading a Europe-wide push to get the Internet giant to clarify its intentions and methods for collecting user data.
Lehman Europe creditors to get further $5.5 billion payout
LONDON (Reuters) – More than 1,000 creditors of the European operations of failed U.S. investment bank Lehman Brothers will share a 3.5 billion pound ($5.5 billion) payout next week, its administrators said on Thursday.
Airbus pieces together air show order finale
PARIS (Reuters) – European planemaker Airbus sought to finalize a flurry of orders on Thursday to avoid a rare defeat to U.S. arch-rival Boeing at its domestic Paris Airshow.
Boeing launches 787-10 with $30 billion of orders
PARIS (Reuters) – Boeing launched the 787-10 version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday with 102 provisional orders worth nearly $30 billion at list prices.
Asia dominates world’s most expensive office spaces: report
NEW YORK (Reuters) – Five of the six most expensive office areas in the world are in Asia, as demand by global companies to locate their outstripped the supply, according to a semiannual report released on Thursday by real estate services company CBRE …
Euro zone business slump eases but second quarter contraction likely: PMI
LONDON (Reuters) – The euro zone’s private sector slump has eased more than expected this month, business surveys showed on Thursday, but a continued slide in new orders suggested a full recovery is still some way off.
