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- BusinessBloomberg•1 hour ago
U.K. July Retail Sales Rise, Led by Surge in Demand for Food
U.K. retail sales rose more than forecast in July, driven by the biggest jump in purchases of food in almost two years. The volume of goods sold increased 0.3 percent, just ahead of the 0.2 percent gain predicted by economists, the Office for National Statistics said Thursday. The increase in June was revised down to 0.3 percent from 0.6 percent, though the total for the second quarter was unrevised. Sales in July were largely driven by demand at supermarkets, with food sales up 1.5 percent, rebounding from a 1.1 percent drop the previous month. Yet almost every other category of sales posting a decline. Figures covering the past three months show how pressure on consumers from faster inflation
- FinanceTheStreet.com•6 minutes ago
[video]Cisco's Quarter Features a Mix of Troubling and Encouraging Numbers
It's not an easy question to answer, and how one answers it determines how one looks at a Cisco Systems Inc. Cisco reported July quarter (fiscal fourth-quarter) revenue of $12.13 billion (down 4% annually) and adjusted EPS of $0.61 (down 3%). On the bright side, Cisco reported that its closely watched product orders were flat last quarter, an improvement from the April quarter's 4% drop.
- BusinessCNBC•4 hours ago
European markets lower; Vestas down 5%; Novo Nordisk up 2%
Markets in Europe opened lower Thursday as uncertainty surrounding internal U.S. policy continued to weigh on investor sentiment despite lessening tensions from North Korea. The pan-European Stoxx 600 (^STOXX) started the day lower by 0.15 percent following a day of gains Wednesday. Danish wind turbine manufacturer Vestas also fell lower, down 4.6 percent, after reporting lower-than-expected operating profit in its second quarter results released Thursday.
