Page 7 - M Ml News Today

British retailer Marks & Spencer upgraded its profit outlook on Friday after a jump in demand for food and a surge in online clothes' orders indicated that its latest turnaround plan was starting to deliver.

The U.S. Securities and Exchange Commission (SEC) said on Wednesday it has charged three former engineers at Netflix Inc (NFLX.O) with trading on nonpublic information around the company's subscriber growth that generated over $3 million in total profit.

Tropical depression Grace has strengthened into a storm again, causing floods across portions of the island of Hispaniola, the U.S. National Hurricane Center (NHC) said on Tuesday.

Shares in Aviva (AV.L) hit eight-week highs on Thursday after the British insurer said it will return at least 4 billion pounds ($5.5 billion) to shareholders, following pressure from activist investor Cevian.

India's industrial output (INIP=ECI) grew 13.6% from a year earlier, government data showed on Thursday, a sharp recovery reflecting a base effect due to the pandemic lockdown that hit economic activity last year.

Indian retail inflation eased in July after holding above 6% for two months in a row, helped by improving supplies following the lifting of pandemic restrictions, and the government said it would take all necessary steps to contain rising prices.

British supermarket Morrisons has agreed an improved takeover offer worth 6.7 billion pounds ($9.3 billion) from a consortium led by Fortress Investment Group, but wants a rival private equity suitor to be given more time to make a counter bid.

India's fuel demand slumped in May to its lowest since August last year with a second COVID-19 wave stalling mobility and muting economic activity in the world's third largest oil consumer.

Britain's competition watchdog on Wednesday approved Norway's Adevinta's (ADEV.OL) planned acquisition of U.S. e-commerce group eBay's (EBAY.O) classified ads business.

Brazil's economy expanded by 1.2% in the first quarter, data showed on Tuesday, a faster rise than economists had expected, as rebounding services and investments took Latin America's largest economy to its pre-pandemic size at the end of 2019.