BT (BT.L) heralded its progress in building Britain’s biggest fibre broadband network on Thursday, saying lower costs and strong demand would underpin returns to investors, in its latest effort to keep a circling shareholder at bay. Chief Executive Philip Jansen said such was the momentum in its rollout, BT had decided to fund the full […]

Britain’s largest sportswear retailer JD Sports (JD.L) must sell Footasylum, a UK watchdog said on Thursday after a second investigation found the combination could leave consumers worse off even after considering stiff online competition amid the pandemic. However, the CMA said that the evidence it has analysed showed that the two companies are adapting well […]

Volkswagen (VOWG_p.DE) CEO Herbert Diess sought to defuse a clash over the pace of reforms he thinks are needed to keep up with the likes of Tesla (TSLA.O) by addressing thousands of workers at the German carmaker’s Wolfsburg plant on Thursday. At the heart of the rift lies Diess’ concerns that Volkswagen might fall behind […]

Puma (PUMG.DE) is offering U.S. staff flexibility over when they work and a pandemic-driven redesign of its new North American headquarters, hoping to attract the people the German sportswear company needs to keep up its rapid expansion. Puma, which is growing faster than rivals Nike (NKE.N) and Adidas (ADSGn.DE), is putting a big focus on […]

Spanish telecoms firm Telefonica SA (TEF.MC) said on Thursday it swung to a net profit in the third quarter from a year-earlier loss thanks to the performance of its foreign units, though rising energy costs hit profitability in its domestic market. The company reported a net profit of 706 million euros ($818 million) in the […]

Tesla Inc (TSLA.O) and Hertz Global Holdings Inc (HTZZ.PK) are working out how quickly the rental car company can receive deliveries from its large order of Tesla’s electric cars, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Tesla and Hertz did not immediately respond to Reuters’ requests for comment. Last […]

The move marks an expansion of its policy after it stopped similar financing in Ecuador earlier this year alongside peers including Credit Suisse and BNP Paribas, after pressure from campaigners. Scientists see conserving the Amazon, the world’s largest rainforest, as critical to staving off catastrophic climate change because of the vast amount of greenhouse gas […]