By Iain Withers LONDON (Reuters) – Abrdn said on Tuesday clients invested more cash with the British asset manager than they withdrew in the last few months of 2024, sending its shares up 6%, while its CEO said the company’s widely-mocked truncated name would stay for now. Abrdn still reported net outflows for the year, …
Abrdn’s swing to quarterly inflows boosts shares Read More »
By Susanna Twidale LONDON (Reuters) – U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife. Former President Joe Biden supported the offshore wind industry, setting a target for 30 gigawatts (GW) …
Factbox-European companies exposed as Trump takes aim at US offshore wind Read More »
(Reuters) – British food producer Premier Foods forecast annual profit at the upper end of analysts’ expectations on Tuesday, following robust sales of its branded products during the holiday season, sending its shares up 6%. The Christmas season bodes well for retailers in the UK, with customers splurging on discretionary items after a year of …
Mr Kipling maker Premier Foods boosts profit outlook on strong Christmas sales Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers are likely breathing a sigh of relief that the new U.S. administration did not impose the blanket trade tariffs some had feared and a rate cut next week now seems like a done deal. U.S. President Donald Trump held back from imposing …
Easing tariff fears cement bets on ECB rate cut next week Read More »
MILAN (Reuters) – European stocks saw their second largest allocation in a quarter of a century in January, as lagging risk assets played catch up, according to a survey of investors from BofA Global Research published on Tuesday. In a report titled “Make Europe Great Again”, BofA said asset allocation remained risk-on, with investors bullish …
Investors ‘make Europe great again’ with big stock allocation, BofA says Read More »
(Reuters) – British meat producer Cranswick said on Tuesday it had a record Christmas trading period, buoyed by strong demand for its premium value-added products, which would help its full-year profit meet market expectations. WHY IT’S IMPORTANT British supermarkets and retailers enjoyed robust Christmas sales but worries over weakening consumer confidence are dampening the economic …
UK’s Cranswick sees annual profit to meet market views after bumper Christmas Read More »
(Reuters) -French carmaker Renault said on Tuesday its CFO Thierry Pieton was stepping down to pursue new opportunities elsewhere, leaving the company in better financial health than when he took on the role two years ago. Pieton, who departs on Feb. 28, will be replaced by Duncan Minto, currently chief financial officer of Renault Group …
Renault CFO steps down, to be replaced by Alpine’s Minto Read More »
MILAN (Reuters) – Shares in some big European carmakers fell sharply on Tuesday on uncertainty over possible new tariffs after Donald Trump took office as U.S. President. Trump did not immediately impose tariffs as previously promised but said he was thinking about imposing 25% duties on imports from Canada and Mexico on Feb. 1 over …
European carmakers stocks fall after Trump’s inauguration Read More »
By Andy Bruce and David Milliken LONDON (Reuters) – British pay growth stayed stubbornly strong in the three months to November but there were more signs of a softening jobs market, according to data on Tuesday that reinforced the current outlook for Bank of England interest rates. Growth in private-sector pay excluding bonuses – a …
UK wage growth stays strong but job market dims, confirming BoE outlook Read More »
STOCKHOLM (Reuters) – Amortisation requirements and mortgage caps in Sweden have safeguarded household resilience and served the economy well, Riksbank Governor Erik Thedeen said in a statement on Tuesday. “The high level of debt, together with short periods for fixing interest rates, has made the Swedish economy more vulnerable,” he said ahead of a hearing …
Swedish amortisation requirements, mortgage caps gave resilience, Riksbank chief says Read More »
