LONDON (Reuters) – Sainsbury’s, Britain’s second largest supermarket group and one of the country’s biggest private sector employers, will raise the basic hourly pay of its store workers to at least 10 pounds ($13.55) an hour from 9.50 pounds previously. The group said on Friday the rate will increase to 11.05 pounds from 10.10 pounds …
Britain’s Sainsbury’s to pay store staff at least 10 pounds an hour Read More »
By Blake Brittain WASHINGTON (Reuters) – A U.S. trade court barred Google late Thursday from importing products that infringe home-audio company Sonos’ smart-speaker patents. The U.S. International Trade Commission affirmed an August decision that Google audio products infringed five Sonos patents and banned Google from importing “networked speaker devices” and devices that can control them …
Sonos wins Google import ban ruling in U.S. patent fight Read More »
(Reuters) – Apple Inc boss Tim Cook’s pay in 2021 was 1,447 times that of the average employee at the tech giant, a filing on Thursday showed, fueled by stock awards that helped him earn a total of nearly $100 million. In 2021, the median pay for employees was $68,254, Apple said, adding it had …
Tim Cook earned over 1,400 times the average Apple worker in 2021 Read More »
LONDON (Reuters) – Sterling was on track on Friday for weekly gains against the dollar and euro to start 2022, despite a mixed picture emerging for Britain’s economy. The currency has strengthened since mid-December in part due to the Omicron variant of COVID-19 proving less disruptive to the economy than originally feared, analysts have said, …
Sterling edges up despite cooling UK economic data Read More »
(Reuters) – British advertising group M&C Saatchi on Friday rejected a takeover offer from its biggest shareholder for an all-share deal, saying the proposal did not reflect the value of the business. Director Vin Murria’s investment vehicle AdvancedAdvT offered M&C investors 1.86 new shares in exchange for each M&C share they own, M&C Saatchi said …
Ad group M&C Saatchi rejects takeover offer from top shareholder Read More »
DUBLIN (Reuters) – Record euro zone inflation of 5% sounds “so strange” after a long period of little price growth but the rate will come down this year, European Central Bank chief economist Philip Lane said on Friday. Inflation across the bloc rose unexpectedly in December from 4.9% a month earlier, data on Friday showed, …
(Reuters) – Billionaire Richard Branson is set to launch his first European blank-check company on the Amsterdam stock exchange in the next few months, Sky News reported on Friday, as the British businessman taps investors for takeover targets. The tycoon aims to list the special acquisition company, or SPAC, on Amsterdam’s Euronext stock exchange instead …
British tycoon Branson to list blank-check firm in Amsterdam, Sky News says Read More »
(Reuters) -Aston Martin said sales to dealers in 2021 surged 82%, even as the British luxury automaker forecast lower-than-expected annual adjusted core earnings due to delays in shipments of its limited-edition Valkyrie sports car. Aston Martin said 10 Valkyries were shipped in the fourth quarter, fewer than previously planned. Aston Martin, fictional agent James Bond’s …
Aston Martin sales surge, Valkyrie delays hit profit Read More »
FRANKFURT (Reuters) – Euro zone inflation rose unexpectedly last month, likely making for more uncomfortable reading at the European Central Bank, which has consistently underestimated price pressures and come under fire for this from some of its own policymakers. Inflation in the 19 countries sharing the euro rose to 5% from 4.9% in November, a …
Euro zone inflation hits 5%, marking another record high Read More »
By Toby Sterling AMSTERDAM (Reuters) -ASML Holding NV, a key supplier to computer chip makers, said on Friday that a fire at its Berlin factory would have a limited impact on production this year. In a statement, ASML said that the Jan. 3 fire would not affect output or revenues for its DUV lithography systems. …
ASML’s Berlin factory fire to have limited impact on production Read More »
