10 June

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UK outsourcer Mitie sees better year after pandemic dents profit By Reuters

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(Reuters) - British outsourcer Mitie Group (LON:MTO) on Thursday forecast a better-than-expected 2022 after annual profit tumbled 26%, hurt by project work clients cutting spending due to the pandemic and the loss of a high-margin government contract last year. The provider of engineering, security, cleaning and care services said revenue rose 18% to 2.56 billion pounds ($3.61 billion) for the year ended March 31, primarily due to its acquisition of rival Interserve (LON:IRV) Facilities Management. ($1 = 0.7091 pounds) ...

10 June

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Trading platform CMC Markets doubles full-year profit By Reuters

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(Reuters) - London-listed online trading platform CMC Markets said on Thursday annual profit more than doubled from a year earlier, thanks to high volumes. CMC, which upgraded its results targets multiple times amid the U.S. retail trading frenzy, said pretax profit rose to 224 million pounds ($315.91 million) for the year ended March 31 from 98.7 million pounds a year earlier. Net operating income jumped 63%. ($1 = 0.7091 pounds) ...

10 June

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Amigo says considering options, including insolvency By Reuters

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LONDON (Reuters) - Subprime lender Amigo Holdings PLC (LON:AMGO) said on Thursday it was considering all options for the company including a revised scheme of arrangement or insolvency, after a court last month rejected its rescue plan. Amigo said in a statement it was continuing to engage with the Financial Conduct Authority to find a way forward. However, based on the expected volume of complaints from current and past customers, the value of Amigo's assets would be less than its liabilities without an appropriate scheme of arrangement to deal with complaints, it said....

10 June

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China arrests over 1,100 suspects in crackdown on crypto-related money laundering By Reuters

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SHANGHAI (Reuters) - Police in China arrested over 1,100 people suspected of using cryptocurrencies to launder illegal proceeds from telephone and Internet scams in a recent crackdown, the Ministry of Public Security said. The arrests came as authorities in China step up their crackdown on cryptocurrency trading. Last month, three industry bodies banned crypto-related financial and payment services, and the State Council, China's cabinet, vowed to clamp down on bitcoin mining and trading. The public security ministry said that by Wednesday afternoon police had busted more than 170 criminal groups involved in using cryptocurrencies to...

10 June

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CEOs and investors push world leaders for stronger climate action By Reuters

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By Simon Jessop LONDON (Reuters) - A group of 79 company bosses and investors managing $41 trillion issued separate calls on Thursday for world leaders to accelerate action on climate change by enacting more ambitious policies in areas including carbon pricing. In an open letter to all governments as leaders of the G7 group of industrialised nations meet in Britain, and ahead of a global climate summit in November, the Alliance of CEO Climate Leaders called for "bold action" now to meet future emissions targets. To force corporate action, governments needed to change the rules of...

10 June

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Tesla to launch high-end Model S ‘Plaid’ to fend off Mercedes, Porsche By Reuters

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By Hyunjoo Jin (Reuters) - Tesla Inc will deliver a high-performance version of its Model S on Thursday, aiming to reignite interest in the nearly decade-old sedan and fend off rivals such as Porsche, Mercedes-Benz and Lucid Motors in the luxury electric vehicle market. Tesla redefined electric cars in 2012 when it launched its high-end Model S with a sleek design and long driving range, but is facing a raft of new challengers. The automaker plans to livestream the delivery of the first Model S Plaid at its U.S. factory in Fremont, California at 7 pm...

10 June

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Alibaba to develop self-driving trucks with logistics unit Cainiao By Reuters

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HANGZHOU, China/BEIJING (Reuters) - Chinese e-commerce leader Alibaba (NYSE:BABA) Group Holding Ltd plans to develop self-driving trucks with logistics subsidiary Cainiao, Chief Technology Officer Cheng Li said on Thursday. Cheng also said Cainiao aims to introduce 1,000 autonomous delivery robots in China over the next year. The announcement comes as dozens of startups, automakers and large technology firms, such as internet search leader Baidu Inc (NASDAQ:BIDU), accelerate work on self-driving vehicle systems, which are widely expected to bring a sea change to the transportation industry. Other self-driving truck makers include U.S. firm TuSimple...

10 June

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UK’s Morrisons faces investor heat over unhealthy food By Reuters

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By James Davey LONDON (Reuters) - Morrisons on Thursday became the latest British supermarket group to be targeted by activist shareholders over the amount of unhealthy food it sells. Responsible investment group ShareAction said it, along with seven institutional investors managing $1.1 trillion between them, had written to Morrisons Chairman Andrew Higginson ahead of the grocer's annual shareholders' meeting calling on it to boost sales of healthier food and drink products. Last month market leader Tesco (LON:TSCO) agreed to increase healthy food options at operations in Europe and Britain to appease investors co-ordinated by...

10 June

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Britain’s airlines say extra support needed if travel stays shut By Reuters

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LONDON (Reuters) - Airlines based in Britain have told the government they will need industry-specific support to help them survive if COVID-19 rules continue to keep travel markets shut. Companies including British Airways, easyJet (LON:EZJ) and Ryanair are in a deepening crisis after Britain's plans to restart travel on May 17 following a 4-1/2 month ban on foreign holidays fell far short of their hopes. Britons are still discouraged from travelling to most countries, and since the May reopening, the government has tightened the rules, removing one of the few destinations that was open,...

10 June

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Thomson Reuters shareholder support for human rights review rises By Reuters

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By Ross Kerber and Sheila Dang (Reuters) - A shareholder proposal for Thomson Reuters Corp to review human rights issues emerging from its U.S. government contracts gained increased investor support but failed to win approval at the company's annual meeting on Wednesday. Thomson Reuters, the parent of Reuters News, has contracts with U.S. Immigration and Customs Enforcement (ICE (NYSE:ICE)) worth at least $17.4 million, public records show. Company spokesman Dave Moran declined to say what the contracts were for. Moran said a contract to provide the CLEAR online investigation software to ICE had expired in February....

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News

UK outsourcer Mitie sees better year after pandemic dents profit By Reuters

Trading platform CMC Markets doubles full-year profit By Reuters

Amigo says considering options, including insolvency By Reuters

China arrests over 1,100 suspects in crackdown on crypto-related money laundering By Reuters

CEOs and investors push world leaders for stronger climate action By Reuters

Tesla to launch high-end Model S ‘Plaid’ to fend off Mercedes, Porsche By Reuters

Alibaba to develop self-driving trucks with logistics unit Cainiao By Reuters

UK’s Morrisons faces investor heat over unhealthy food By Reuters

Britain’s airlines say extra support needed if travel stays shut By Reuters

Thomson Reuters shareholder support for human rights review rises By Reuters

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