By Mimosa Spencer PARIS (Reuters) – Louis Vuitton, the world’s biggest fashion label, will begin selling beauty products this fall and has tapped British makeup artist Pat McGrath to lead creative direction for the new venture, expanding its offer as the industry seeks new avenues of growth to offset a current slump. The move by …
Louis Vuitton to branch into beauty products, taps makeup star Pat McGrath Read More »
WARSAW (Reuters) – Monetary policy easing in Poland may begin in the second half of 2025, International Monetary Found (IMF) representative in Poland Geoff Gottlieb said on Wednesday during the European Financial Congress event in Warsaw. He added that the current level of Polish interest rates was restrictive, “well above neutral rate”. “Our view is …
Rate cuts in Poland may start in the second half of 2025, says IMF representative Read More »
LONDON (Reuters) -British clothing and food group Marks & Spencer said its 50,000 retail workers will get a 5% pay rise from April 1, an investment of 95 million pounds ($122 million). M&S said on Wednesday the pay for UK customer assistants will increase to at least 12.60 pounds an hour, with workers in London …
By Andrey Sychev and Christina Amann (Reuters) -German machine and car parts maker Schaeffler on Wednesday joined other auto suppliers in giving a gloomy outlook for 2025, as it sees no rebound for the automotive market during the year. Europe’s auto sector is being tested by multiple hurdles ranging from high production costs and managing …
Schaeffler sees no 2025 rebound for automotive market, losses in EV unit Read More »
(Reuters) -Britain’s competition regulator on Wednesday cleared chip-design-software maker Synopsys’ <SNPS.O> $35 billion deal to buy Ansys <ANSS.O> after accepting certain remedies from the companies. The regulator said it would not refer the proposed acquisition to an in-depth phase-2 probe. The watchdog had said in December the deal could reduce innovation and lead to higher …
UK competition regulator clears $35 billion Synopsys-Ansys deal Read More »
BERLIN (Reuters) – Germany could keep its top credit score despite a financial package worth hundreds of billions of euros planned by the parties hoping to form the country’s next government, a Scope analyst told Reuters on Wednesday. The conservatives and the Social Democrats (SPD) agreed on Tuesday to create a 500 billion euro ($536 …
Germany could keep top credit score despite vast spending plan, analyst says Read More »
By Suban Abdulla LONDON (Reuters) – British services firms in February cut staff at the fastest pace since 2020 ahead of tax and minimum-wage hikes that come into effect next month, an industry survey showed on Wednesday. The preliminary reading of the UK S&P Composite Purchasing Managers’ Index (PMI) for this month rose marginally to …
UK services job cuts intensify before employment tax hike, PMI survey shows Read More »
By Yamini Kalia (Reuters) -British wealth manager Quilter on Wednesday beat annual profit expectations and set aside a smaller-than-expected 76 million pound ($97 million) cost provision for its ongoing advice review, lifting shares nearly 9%. The company has been reviewing its historical services to customers amid heightened regulatory scrutiny of charging by fund managers. The …
UK’s Quilter sets aside smaller-than-expected $97 million for advice review Read More »
(Reuters) -The currency division of banknote printer De La Rue will beat expectations of double-digit core earnings growth in the 2026 fiscal year, the company said on Wednesday, supported by stronger orders as demand returns. UK-based De La Rue aims to deliver the bulk of its recent orders and contracts in the year to March …
Banknote printer De La Rue’s 2026 currency unit growth to beat forecasts Read More »
By William Schomberg LONDON (Reuters) – British finance minister Rachel Reeves is working out how she can get back on track to meet her budget targets, with spending cuts widely expected when she delivers an update on the public finances on March 26. The Office for Budget Responsibility, Britain’s fiscal watchdog, sent its latest estimates …
Explainer-UK’s Reeves working to get budget goals back on track Read More »
