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Ocado forecasts return to FY positive core earnings as sales rise
Online grocer Ocado Retail has forecast a return to positive earnings for 2022/23 year as the fourth-quarter revenues rose by almost 11%.
Europe midday: Shares down on Holzmann comments; Hugo Boss slumps
European stocks were lower on Tuesday as comments from a European Central Bank member on the timing of rate cuts dampened sentiment, while Hugo Boss shares slumped as earnings missed estimates.
Hugo Boss shares slump as Q4 earnings miss forecasts
Shares in Hugo Boss plunged on Tuesday as the German fashion brand’s fourth-quarter earnings missed expectations, despite a sharp rise in sales.
Europe open: Shares down after ECB's Holzmann comments on rates
European stocks were markedly lower at the open on Tuesday as comments from a European Central Bank member on the timing of rate cuts dampened sentiment.
Diversified Energy 'unaware' of reason for share price fall
Diversified Energy Company on Tuesday said it was unaware of any reason for the 12% slump in its share price on Monday.
German inflation confirmed at 3.8% in December
German inflation rose in December to 3. 8%, in line with preliminary data, the federal statistics office said on Tuesday.
Rio Tinto 2023 iron ore shipments rise 3%
Anglo-Australian mining giant Rio Tinto on Tuesday reported a rise in annual iron ore shipments as a ramp up of production at its Gudai Darri mine in Western Australia offset mine depletion.