UK services firms return to growth in April, but only just – PMI

UK services firms return to growth in April, but only just – PMI

LONDON (Reuters) – Britain’s giant services industry, spanning global banks to high-street hairdressers, staged only a timid recovery in April after contracting in the run-up to the original Brexit deadline in March, a survey showed on Friday. FILE PHOTO: …
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Liabilities of Jet Airways big worry for potential investors: SBI chief Rajnish Kumar

The negative net worth of Jet Airways is the biggest pain point for potential investors and has become a stumbling block in the bidding process, according to State Bank of India Chairman Rajnish Kumar. “Liabilities and losses are considerable. All these past …
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HSBC's Flint Zeros in on Cost Cuts After Quarterly Profit Beat

HSBC Holdings Plc Chief Executive Officer John Flint is pressing ahead with a plan to rein in costs after the Asia-focused lender reported its best quarter in more than three years. The better-than-expected first quarter results were driven by revenue growth …
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Buffett Finally Embraces Amazon as Berkshire Acquires Stake

Warren Buffett has said that he underestimated Amazon.com Inc.’s Jeff Bezos. Now one of Buffett’s deputies is willing to put money behind the tech giant. Berkshire Hathaway Inc. has been buying Amazon shares and the purchases will show up in a regulatory …
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Gilead Sciences Returns to Growth in the First Quarter

The biotech delivered solid growth in the first quarter on both the top and bottom lines, thanks to strong sales for HIV drug Biktarvy and some good news for its HCV franchise. Keith Speights. (TMFFishBiz). May 3, 2019 at 6:00AM. Gilead Sciences’ …
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