By James Davey LONDON (Reuters) – The British arm of German discount supermarket group Lidl on Tuesday reported a rise in sales over the Christmas period and reiterated its pledge to offer the lowest prices in the market, a day after rival Aldi made the same promise. British consumers are about to be squeezed on …
Lidl GB makes prices pledge as Christmas sales rise Read More »
By Mathieu Rosemain PARIS (Reuters) – Qonto, a French online bank for small and medium-sized companies (SMEs), said on Tuesday it had raised 486 million euros, bringing its valuation to 4.4 billion euros ($4.98 billion), in another sign of the good health of the French fintech sector. France has recorded a streak of large private …
French fintech Qonto nears $5 billion valuation after new fundraising Read More »
(Reuters) – Britain’s competition regulator said on Tuesday it might accept the remedies offered by Pennon Group Plc to address its concerns over the water company’s 425 million pound ($577.49 million) acquisition of smaller rival Bristol Water. Last month, the Competition and Markets Authority (CMA) said the deal was likely to affect the UK water …
UK watchdog may accept Pennon’s remedies to allay Bristol Water deal woes Read More »
MILAN (Reuters) – Italian energy services group Saipem said on Tuesday it had won two offshore contracts in Australia and Guyana for a total amount of $1.1 billion. One of the contracts relates to the Scarborough gas field in the Carnarvon Basin, offshore Western Australia, for the export trunkline coating and installation of the pipeline …
Italy’s Saipem wins $1.1 billion contracts in Australia and Guyana Read More »
(Reuters) – UK’s competition watchdog said on Tuesday it was looking into the potential purchase of a stake in Scotia Gas Networks by Canada’s Brookfield Asset Management Inc. UK power producer SSE in August agreed to sell its entire 33.3% stake in Scotia Gas Networks for 1.23 billion pounds ($1.67 billion) to a Canadian consortium …
UK competition regulator to look into Brookfield’s stake buy in Scotia Gas Read More »
MILAN (Reuters) – The European Central Bank does not see euro zone inflation above its 2% target in the medium term, chief economist Philip Lane told Italian daily Il Sole 24 Ore in an interview published on Tuesday. Inflation across the block rose to 5% in December, another record high for the currency bloc and …
ECB does not see euro zone inflation above target in medium term – Lane to paper Read More »
By Huw Jones LONDON (Reuters) – The London Stock Exchange Group has led a $7.5 million funding round for BondCliQ, to help Wall Street’s first centralised corporate debt quote system expand into Europe. BondCliQ aggregates pre-trade bid and offer quotes for company bonds and has just over 40 participating dealers, averaging 70,000 quotes on 15,000 …
London Stock Exchange funds BondCliQ expansion into Europe Read More »
(Reuters) – Germany’s Delivery Hero SE expects its food delivery business to break even during the second half of 2022, as demand soars with more people eating in since the pandemic began. The company expects adjusted core earnings of up to 100 million euros ($113.24 million) in the fourth quarter, while investments related to its …
Delivery Hero expects food delivery business breakeven in second half of 2022 Read More »
By Gertrude Chavez-Dreyfuss and Chuck Mikolajczak NEW YORK (Reuters) – Some of Wall Street’s biggest banks now expect four U.S. interest increases this year starting in March, a more aggressive call than a week ago even as the situation remains fluid given the possibility that the supply shock to the economy could ease and consumer …
Wall Street banks see four U.S. hikes in 2022, but inflation is a wild card Read More »
COPENHAGEN (Reuters) – Danish jewellery maker Pandora said on Monday preliminary results showed record sales in the fourth quarter, fuelled by a strong U.S. market. Pandora, the world’s largest jewellery maker by production capacity, said sales totalled 9.0 billion Danish crowns ($1.37 billion) in the fourth quarter, above the 8.4 billion expected by analysts in …
Jeweller Pandora posts Q4 results above forecast Read More »
