News
Important Only
Kering CFO On US Tariffs: We Have Ability To Protect Our Margins If Needed
April 23 (Reuters) - Kering PRTP.PA CFO:ON POSSIBLE PRICE HIKES TO OFFSET U.S. TARIFFS: WAITING FOR OUTCOME OF EU-US TALKS WHILE ANALYSING SITUATIONON POSSIBLE PRICE HIKES/U.S. TARIFFS: WE HAVE ABILITY TO PROTECT OUR MARGINS IF NEEDEDDECLINES TO COMMENT WHEN DEMNA WILL PRESENT FIRST GUCCI COLLECTIONReuters
Wed, Apr 23
Kering reports 14% sales drop in first quarter as Gucci sales slide further
PARIS, April 23 - Kering PRTP.PA reported on Wednesday a bigger-than-expected decline in first-quarter revenue, the latest set of disappointing results from the luxury group as its star label Gucci continues to struggle amid a worsening economic environment.Group revenue in the first three months of...Reuters
Wed, Apr 23
Kering Q1 Revenue Down At EUR 3.88 Billion
April 23 (Reuters) - Kering SA PRTP.PA:Q1 REVENUE EUR 3.88 BILLION, DOWN 14% AT COMPARABLE CHANGEQ1 GUCCI REVENUE EUR 1.57 BILLION, DOWN 25% AT COMPARABLE CHANGEQ1 TRENDS IN ASIA-PACIFIC IN LINE WITH Q4; WESTERN EUROPE, NORTH AMERICA AND JAPAN SAW SEQUENTIAL DECELERATIONReuters
Wed, Apr 23
Swiss minister hails 'productive' meeting with U.S. Trade Rep Greer
ZURICH, April 23 (Reuters) - Swiss Economy Minister Guy Parmelin said on Wednesday he had had a productive meeting with U.S. Trade Representative Jamieson Greer during a visit to Washington, adding that he looked forward to future exchanges and continued collaboration.Parmelin made his comments on X...Reuters
Wed, Apr 23
Mariott to close Haiti hotel due to insecurity
PORT-AU-PRINCE, April 23 (Reuters) - Mariott MAR.O will shutter a hotel in Haiti's capital of Port-au-Prince due to ongoing insecurity, the head of Digicel Haiti, which jointly developed the site, told Reuters on Wednesday.Mariott opened the hotel in 2015. Armed gangs have made strong advances t...Reuters
Wed, Apr 23
EXPLAINER-What happens to Apple and Meta after the EU fine?
By Supantha Mukherjee STOCKHOLM, April 23 (Reuters) - European Union antitrust regulators on Wednesday fined Apple AAPL.O 500 million euros ($570 million) and Meta META.O 200 million euros to make the companies comply with the Digital Markets Act, which seeks to allow smaller rivals into markets ...Reuters
Wed, Apr 23
Vaccine-wary Slovak PM pauses COVID-19 shot purchases pending review
April 23 (Reuters) - The Slovak government halted purchases of COVID-19 vaccines on Wednesday pending a review of their safety by the Slovak Academy of Sciences, Prime Minister Robert Fico said.Fico, a populist who has himself declined coronavirus vaccination, has long criticised the COVID policies ...Reuters
Wed, Apr 23
Goldman shareholders OK executive pay packages, CEO warns of uncertain economic outlook
Shareholders approve executive pay despite proxy adviser oppositionCEO Solomon warns of uncertain economic outlookGoldman drops diversity section from annual filingRetention bonuses signal Waldron as Solomon's likely successorBy Saeed Azhar NEW YORK, April 23 (Reuters) - Goldman Sachs GS.N sh...Reuters
Wed, Apr 23
Lawsuits claim California insurers conspired to push homeowners onto FAIR Plan, exacerbating wildfire losses
By Isha MaratheApril 22 - (The Insurer) - Two lawsuits filed in Los Angeles said that top insurance companies colluded to limit their coverage in wildfire-prone areas of California, cancelled existing policies and refused to write new ones to force property owners onto the FAIR Plan, resulting in p...Reuters
Wed, Apr 23
Exclusive: Argo primary and excess casualty head Schramm departs
By James ThalerApril 23 - (The Insurer) - Argo’s head of primary and excess casualty Chris Schramm has left the company ahead of taking up another post elsewhere, broking and underwriting sources have said.Details on Schramm’s destination could not immediately be confirmed. A spokesperson for Argo d...Reuters
Wed, Apr 23
NFP adds IMA's Lyon and Beard to construction and infrastructure group
By Isha MaratheApril 23 - (The Insurer) - Aon-owned NFP has hired Jake Lyon as senior vice president, risk control advisory leader and Darren Beard as vice president, risk control, transportation, with both joining from IMA Financial Group.Both Lyon and Beard are based in the Kansas City, Missouri,...Reuters
Wed, Apr 23
US Senator Dick Durbin to retire, NYT reports
WASHINGTON, April 23 (Reuters) - U.S. Senator Dick Durbin, the top Democrat on the Senate Judiciary Committee, will retire after 44 years in Congress, the New York Times reported on Wednesday, citing an interview with the senator. Durbin's retirement is expected to be announced on Wednesday, the...Reuters
Wed, Apr 23
IPT bill reaches record 8.88 billion pounds in 2024/25 tax year
By Rebecca DelaneyApril 23 - (The Insurer) - Receipts from insurance premium tax (IPT) stood at 61 million pounds in March 2025, bringing the total for the 2024/25 financial year to a record 8.88 billion pounds, according to HMRC data.Total IPT revenue for the 2024/25 financial was up 9% from 8.15 b...Reuters
Wed, Apr 23
Chubb’s NA commercial P&C price increases slow in Q1, loss cost trend declines 'modestly'
By Michael LoneyApril 23 - (The Insurer) - Chubb’s commercial insurance price increases decelerated in the first quarter while there was also a modest decline in loss trend, with the insurer’s CEO Evan Greenberg also commenting that he is “mindful” of tariffs affecting short-tail lines.Speaking on a...Reuters
Wed, Apr 23
Patriot Growth promotes Galaviz to president
By Mia MacGregorApril 23 - (The Insurer) - Pennsylvania-based broker Patriot Growth Insurance Services has promoted John Galaviz, currently chief financial officer, to the newly created role of president, effective immediately.Based in Los Angeles, Galaviz will continue to report to Matt Gardner, ch...Reuters
Wed, Apr 23
Ivans: Umbrella pricing accelerates in Q1
By Chris MunroApril 23 - (The Insurer) - The umbrella segment was the only one of the six major business lines tracked by the Ivans Index where average premium renewal rates increased year on year in Q1 2025.In umbrella, premium renewal rate change averaged 9.26% in 2025’s first quarter, a big incre...Reuters
Wed, Apr 23
China backs Iran's nuclear talks with US, opposes 'illegal' sanctions
BEIJING, April 23 (Reuters) - China supports Iran holding talks on its nuclear program with the United States and opposes the use of force and "illegal" unilateral sanctions to try to resolve the issue, Chinese Foreign Minister Wang Yi told Iran's foreign minister on Wednesday. Beijin...Reuters
Wed, Apr 23
Baker Hughes says limited visibility in oilfield services & equipment segment beyond Q2
April 23 (Reuters) - Baker Hughes Co BKR.O:BAKER HUGHES CEO SAYS INTERNATIONAL UPSTREAM SPENDING IS EXPECTED TO FALL IN LOW TO MID SINGLE DIGIT RANGE: CONF CALLBAKER HUGHES EXPECTS GLOBAL UPSTREAM SPENDING TO BE DOWN BY HIGH SINGLE DIGITS IN 2025BAKER HUGHES EXPECTS LOW DOUBLE DIGIT DECREASE IN UPST...Reuters
Wed, Apr 23
