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  • Evening Standard

    ‘Crisis time’: The £100 billion exodus from the London Stock Exchange

    There could be even bigger seismic shocks ahead with firms like Shell considering leaving the London Stock Exchange

  • Reuters

    Daimler Truck faces imminent strike by over 7,300 US workers

    Daimler Truck must reach a new labor contract with over 7,300 hourly workers at six facilities in the U.S. South by the end of Friday or face a possible strike by the United Auto Workers (UAW) union members. The workers are seeking higher pay, institution of cost-of-living adjustments and greater job security from the heavy-truck maker, UAW President Shawn Fain said during an online speech earlier this week. "Workers' wages at Daimler have not kept up," he said on Tuesday.

  • Reuters

    Exxon misses on Q1 profit despite big gains in Guyana

    Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources, posted first-quarter earnings of $8.22 billion, or $2.06 per share, compared to an $11.43 billion net profit a year ago. The results were the second highest for a first quarter in the past decade, behind the year-ago period, said Chief Financial Officer Kathryn Mikells.