LONDON (Reuters) – Advertised rents in Britain outside London have fallen on a quarterly basis for the first time since 2019 due mostly to a drop in demand from tenants, according to data published on Tuesday by property website Rightmove. The average advertised rent for new private-sector tenancies outside London fell by 0.2% in the …
UK rents outside London fall for first time since pandemic, Rightmove says Read More »
By Alessandro Parodi (Reuters) – Global sales of fully electric and plug-in hybrid vehicles will rise by at least 17% this year to over 20 million cars, helped by an extension of China’s auto trade-in subsidies, research firm Rho Motion forecast on Tuesday. Europe, the world’s second-biggest EV market, will return to sales growth as …
EV car sales to top 20 million in 2025, research firm says Read More »
LONDON (Reuters) – Prices in British shops fell a bit less sharply in January than in December and food costs rose at the fastest monthly pace since April last year, according to a survey published on Tuesday. The British Retail Consortium warned of the risk of further price pressure ahead as the sector copes with …
UK shop prices fall less quickly as retailers eye cost pressures, BRC says Read More »
LONDON (Reuters) – Britain has awarded a 285-million-pound ($355.57 million) contract to London-listed BAE Systems to upgrade the Ministry of Defence’s Royal Navy combat systems, the government said on Tuesday. Last week, the government said it had monitored a Russian spy ship in the English Channel, and promised to strengthen its response to secret operations …
UK awards 285 million pound Royal Navy contract to BAE Systems Read More »
GDANSK (Reuters) – Poland’s Big Cheese Studio’s said its game development work has not been jeopardised as a result of a cyberattack on its systems early on Friday. The game developer’s management is taking all the necessary steps to verify the scale of the breach and confirmed that no data has been lost as a …
Poland’s Big Cheese Studio says game development unaffected by cyberattack Read More »
By Laila Kearney and Liz Hampton NEW YORK/HOUSTON (Reuters) – Shares of U.S. power, utility and natural gas companies sold off on Monday in some of the biggest recorded one-day drops, as new AI technology from Chinese start-up DeepSeek cast doubt on a projected surge in U.S. electricity demand and tech spending. Power producers were …
US power stocks plummet as DeepSeek raises data center demand doubts Read More »
(Reuters) – Mercedes-Benz told investors on Monday it expected the adjusted margin of its passenger car division to be above its 6%-7% forecast for the fourth quarter of 2024, according to analysts at Bernstein Research and Jefferies. The luxury carmaker, which is due to report full-year results on Feb. 20, was confident it would achieve …
Mercedes-Benz expects higher margin on car division in fourth quarter, analysts say Read More »
(Reuters) – Siemens Energy, the world’s biggest maker of offshore wind turbines, reported on Monday a preliminary first-quarter revenue of 8.94 billion euros ($9.37 billion), up 18.4% on a comparable basis and slightly above consensus estimates. The firm’s preliminary order intake figures stood at 13.67 billion euros for the quarter, down 10.2% on a comparable …
Siemens Energy reports preliminary quarterly revenue of about $9.4 billion Read More »
(Reuters) – Estee Lauder is reviewing its portfolio of beauty brands, which could potentially lead to the sale of some of the labels, as the cosmetics company attempts to turn around under a new leadership, Bloomberg News reported on Monday. The company is working with Evercore Inc on the review of its brands, the report …
Estee Lauder is reviewing portfolio amid management change, Bloomberg News reports Read More »
ZURICH (Reuters) -Swiss National Bank Chairman Martin Schlegel has not ruled out taking the central bank’s policy rate into negative territory if necessary, he said on Monday, although such a step would not be taken lightly. “The SNB doesn’t like negative interest rates, at the same time we can’t rule negative interest rates out,” Schlegel …
Swiss National Bank will not lightly take interest rates negative, chairman says Read More »
