LONDON (Reuters) - COVID-19 lockdowns drove the online share of British grocery sales to a record 17% in February, a 1% increase in share in just a month, industry data showed on Tuesday. Market researcher NielsenIQ said British shoppers spent 1.5 billion pounds ($2.1 billion) on online groceries in the four weeks to...
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By Samuel Shen and Alun John SHANGHAI/HONG KONG (Reuters) - Bitcoin mania has fuelled a surge in fundraising by Chinese companies seeking to expand their cryptocurrency operations or move into the red-hot sector. From large listed companies tapping public markets to smaller players raising funds from venture capitalists, a jump in cryptocurrency prices and signs of growing acceptance of the technology by...
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(Reuters) - London's FTSE 100 fell on Tuesday after a solid start to the week, as a stronger pound pressured exporters, while data showed a nationwide lockdown hurt consumer spending in February. The blue-chip FTSE 100 index fell 0.2%, dragged down by mining stocks, including Rio Tinto (LON:RIO), Anglo American (LON:AAL) and BHP, falling between 2.6% and 3.5%....
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(Reuters) - Retailer WH Smith (LON:SMWH) said on Tuesday a surge in online sales during Britain's latest lockdown had bolstered its overall performance and helped it trim its monthly cash burn projection. The company, which sells everything from books and sandwiches to Bluetooth headphones, now estimates 12 million pounds ($16.60 million) to 17 million pounds in monthly cash burn between January...
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LONDON (Reuters) - The English cricket board must stop treating its players in a "namby-pamby way" and dock money if they put the lucrative Indian Premier League (IPL) above national duty, former test batsman Geoffrey Boycott said. Head coach Chris Silverwood has said England players would be allowed to miss the start of the test series against New Zealand in June if...
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(Reuters) - Some 17.1 million Americans watched Oprah Winfrey's bombshell television interview with Prince Harry and his wife Meghan, broadcaster CBS said on Monday. CBS said Sunday's two-hour interview, in which Harry and Meghan accused the royal family of racism and of failing to protect them from negative media coverage, drew the biggest audience for any entertainment special since the Oscars telecast...
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PARIS (Reuters) - A group of investors will urge a French court on Tuesday to back its claim for 1 billion euros ($1.2 billion) in damages from Vivendi (PA:VIV), alleging the media giant made false financial statements during a merger deal two decades ago. In their lawsuit, the 90 investors, represented by law firm Soffer Avocats, allege top executives...
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By Julie Zhu, Scott Murdoch and Yilei Sun HONG KONG/BEIJING (Reuters) - U.S.-listed Chinese electric vehicle (EV) makers Li Auto Inc, Nio Inc and Xpeng Inc plan to list in Hong Kong as soon as this year, to tap an investor base closer to home, said three people with direct knowledge of the...
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(Bloomberg) -- China’s economic planners are used to setting ambitious targets, and its latest five-year plan running to 2025 is no exception. Here are some of the most impressive numbers outlined by the government at its annual National People’s Congress, which kicked off Friday. Research Spending to Rival U.S. China’s leadership is worried about U.S. sanctions cutting off access to core technologies, and...
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HONG KONG (Reuters) - Beijing's plans to change Hong Kong's electoral system will protect the city's international role, a senior Chinese official said on Tuesday, as critics decry the move as an end of democratic hopes in the former British colony. Deputy Commissioner of China's Ministry of Foreign Affairs in Hong Kong Song...
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