(Reuters) -UK’s blue-chip index ended lower on Monday as housebuilders were hit by $5.4 billion in costs to remove cladding from buildings, while a weaker pound lifted consumer staples. The FTSE 100 ended 0.5% lower following weekly gains spurred by a rotation into sectors such as banks, oil & gas and mining as investors priced …
Housebuilders dent London’s FTSE 100 even as consumer staples gain Read More »
By Nick Carey LONDON (Reuters) -Luxury carmaker Rolls-Royce, a unit of Germany’s BMW, said on Monday its sales soared 49% to a record high in 2021 despite the global coronavirus pandemic, as demand worldwide for luxury vehicles surged. In an online presentation, Rolls-Royce CEO Torsten Müller-Ötvös said the carmaker sold 5,586 vehicles to customers in …
Strong demand revs Rolls-Royce car sales to a record high in 2021 Read More »
BERLIN (Reuters) – Germany is planning about 130 million euros ($147 million) in support payments for financially stricken households to cope with a sharp rise in heating costs, according to a construction ministry document seen by Reuters. The draft document envisages a one-off payment of 175 euros for a two-person household, with an additional 35 …
Germany plans $147 million of household heating support Read More »
WARSAW (Reuters) – Poland plans to encourage banks to offer holders of FX mortgages out-of-court settlements by lowering the risk weighting attached to the loans if lenders offer this option, according to a draft amendment published on Monday. The move would lower the capital reserves banks need to hold to cover the risk related to …
Poland to encourage settlements in FX loan cases Read More »
BERLIN (Reuters) – A senior official from the party that leads Germany’s coalition government called on Monday for an end to a political dispute over the Nord Stream 2 pipeline to bring Russian gas to Germany. The pipeline under the Baltic Sea is backed by the Social Democratic Party (SPD) but opposed by one of …
German SPD official calls for end to Nord Stream 2 dispute Read More »
(Reuters) -Sterling was mixed on Monday after hitting new highs against the euro and the dollar amid rate rise expectations and easing fears about the economic impact of the Omicron variant. Analysts said the currency has strengthened since mid-December as UK government resistance to further COVID-19 restrictions provided a much-needed boost to sentiment. Britain has …
Sterling mixed after hitting new highs amid rate rise expectations Read More »
ZURICH (Reuters) – The Swiss Financial Market Supervisory Authority (FINMA) has appointed Thomas Hirschi as the new head of the Banks division, effective February, it said on Monday. Now head of the Asset Management division, Hirschi replaces Jan Bloechliger, who is leaving FINMA of his own volition, the agency said in a statement. Hirschi, 46, …
Swiss watchdog names Hirschi head of banking supervision Read More »
By Katya Golubkova and Oksana Kobzeva MOSCOW (Reuters) – A pipeline that usually sends gas from Russia to Europe was stuck in reverse after three weeks on Monday, pushing up prices in Europe at a time of political tension between Moscow and the West. Wholesale prices in Europe were up 6% on Monday as gas …
Gas prices rise as Russian pipeline stays in reverse after three weeks Read More »
PARIS (Reuters) – One of France’s leading unions, CGT, said on Monday that workers in the energy and mining sectors would strike from Jan. 25 for higher pay and pensions. The union added that the action is expected to be part of a week of strikes over wages and employment because “only the fight pays”. …
France’s CGT union calls Jan. 25 energy and mining sector strike Read More »
MILAN (Reuters) – Ferrari on Monday unveiled a new organisation and leadership changes to help it streamline processes, in the first major move by the sportscar maker’s new chief executive as the company embraces electrification. Benedetto Vigna, a tech industry veteran and a former top executive at chip maker STMicroelectronics, took the CEO role in …
Ferrari unveils new organisation and top team to face electrification challenge Read More »
