By James Davey LONDON (Reuters) -Britain’s biggest retailer Tesco and food and clothing group Marks & Spencer are expected to emerge as Christmas winners from a raft of market updates as investors fret over a looming squeeze on consumer spending. The global industry will be watching as British retailers update the market on festive demand, …
Tesco, M&S seen as Christmas winners before UK spending squeeze hits Read More »
BERLIN (Reuters) – Investor morale in the euro zone rose in January as economic momentum is not expected to slow down despite new virus variants and rising coronavirus infections, a survey showed on Monday. Sentix’s index for the euro zone increased to 14.9 from 13.5 in the previous month. Analysts had on average expected the …
Euro zone investor morale rises slightly as mood stabilises Read More »
LONDON (Reuters) – British manufacturers are optimistic that business conditions and productivity will improve this year despite most saying they have been hurt by Brexit and rising costs, according to an industry survey published on Monday. Trade body Make UK and accountants PwC said 73% of manufacturers believed conditions for the sector would improve and …
UK manufacturers positive about 2022 despite Brexit and inflation Read More »
(Reuters) -Plus500 said on Monday it expects its annual profit to exceed market expectations even as the online trading platform reported a slower fourth-quarter growth as compared with the previous quarter on weak customer trading performance. Trading platforms have benefited ever since the pandemic took hold as more people traded online and market volatility increased …
Online trading firm Plus500 expects annual profit to top market view Read More »
PARIS (Reuters) -French technology consulting company Atos issued a profit warning on Monday, its second in seven months, causing its shares to slump to their lowest level since around mid-2012. The company’s latest profit warning also came just several days after its new CEO Rodolphe Belmer, appointed in October, officially took over the reins. Atos …
French tech company Atos issues new profit warning, causing its shares to slump Read More »
GDANSK (Reuters) – Poland’s top energy group PKN Orlen denied a media report it had picked buyers for assets of Grupa Lotos it is required to sell to win EU approval for its domestic rival’s takeover. In July 2020, the European Commission granted Poland’s biggest oil refiner and fuel retailer a conditional approval for the …
PKN Orlen says talks on sale of Lotos assets not finalised yet Read More »
By James Davey LONDON (Reuters) -The British arm of German discount supermarket group Aldi said on Monday its Christmas performance was boosted by record sales of its premium range and strong demand for beer, wine and spirits. Aldi UK and Ireland said its sales in December rose 0.4% compared to the previous year, when spending …
Aldi UK’s Christmas sales rise driven by premium products Read More »
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -Bayer on Monday struck a partnership deal with Mammoth Biosciences to develop therapeutic tools based on CRISPR/CAS9 gene editing as the German drug maker seeks to widen its cell and gene therapy development efforts. Unlisted U.S. biotech firm Mammoth will initially receive $40 million from Bayer plus …
Bayer in gene therapy collaboration with Mammoth Biosciences Read More »
SYDNEY (Reuters) – UBS Chairman Axel Weber said inflation was staying “stubbornly high” in the United States and may continue to surprise on the upside in major areas like Europe and the United Kingdom. He was speaking at UBS’ Greater China online conference on monetary policy on Monday. In a webcast, Weber said a current …
UBS’s Weber warns signs show global inflation to stay high Read More »
BERLIN (Reuters) – German food delivery group Delivery Hero said on Monday it had sold $150 million worth of its stake in the Latin-American delivery company Rappi, close to the entire capital it had invested in the company. Delivery Hero still holds just under 8% in Rappi on a fully diluted basis, valued at over …
