LONDON, May 31 (Reuters) - British sportswear retailer JD Sports Fashion on Friday reiterated its 2024/25 profit guidance, despite a 6.4% drop in sales in its home market in the first quarter, weighing on the group in volatile trading. The FTSE 100 group, which sells Nike ( NKE ), Adidas , HOKA and other sports brands, said promotional activity in...

NEW YORK, May 31 (Reuters) - Snack maker Mondelez ( MDLZ ) resumed its production of Oreo cookies in Ukraine, after its plant in a small city in the eastern part of the country was badly damaged during Russia's invasion roughly two years ago. Mondelez's ( MDLZ ) plant in Trostyanets is now fully rebuilt after opening partially last year...

CATANIA, Italy May 31 (Reuters) - The European Commission on Friday approved Italian state aid for chipmaker STMicroelectronics to build a 5 billion euro ($5.4 billion) plant in Catania, Sicily, to make specialist microchips that boost energy efficiency in electric cars. Having a large, integrated European plant making and packaging the silicon carbide chips will have wide positive effects for...

SINGAPORE, May 31 (Reuters) - Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records. This could tighten available supply and further lift Asian spot prices that have already gained a third since April, with heatwaves across South and Southeast Asia...