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ReutersPub Group Mitchells & Butlers expects annual results at top end of forecast
Resilient demand has helped British pub groups during an uncertain economic environment even as high inflation curbs consumer spending. The owner of Toby Carvery, Harvester and All Bar One brands reported adjusted operating profit of 164 million pounds ($209.05 million) for the half year ended April 13, compared with a profit of 100 million pounds a year ago.
ReutersMacron urges TotalEnergies to stay in France after talk of US listing
A pillar of France's CAC 40 blue chip index, TotalEnergies is one of the world's largest oil companies and an important agent of French influence. Constantly in public focus over its carbon footprint and windfall energy profits, TotalEnergies is walking a PR tightrope in its home country where it offers pump rebates to drivers and is a large employer.
ReutersIndia's mid-tier IT firms gain share from industry goliaths
Mid-tier firms in India's $254 billion information technology sector took market share from industry goliaths in recent quarters as clients curtailed discretionary spending amid inflationary pressures and economic uncertainty, analysts said. Unlike their larger rivals such as Tata Consultancy Services and Infosys, mid-tier IT firms tend to focus on short-term deals aimed at helping clients cut costs rather than chase large-scale projects. LTIMindtree, Coforge, Mphasis and Persistent Systems are "increasingly viewed as challengers in (winning) Fortune 500 accounts, aiding the share gain process," Kotak Institutional Equities said.
