LONDON (Reuters) – Growth in Britain’s construction sector cooled in December as the Omicron variant of coronavirus spread, a survey showed on Friday. The IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) fell to a three-month low of 54.3 in December from 55.5 in November. A Reuters poll of economists had pointed to a reading …
Omicron slows growth of UK construction in December – PMI Read More »
(Reuters) -Irish drinks maker C&C Group Plc said on Friday its December sales lagged expectations, as renewed curbs in the UK and Ireland due to rising cases of the Omicron coronavirus variant hurt beverage supplies to restaurants and pubs. The Dublin-based producer of Bulmers cider and Tennent’s beer also cautioned that earnings for the second …
Beer maker C&C warns of renewed virus curbs dampening Dec sales Read More »
BERLIN (Reuters) – German exports grew in November despite persisting supply bottlenecks in manufacturing, as industrial output fell, data showed on Friday. The mixed data reflect the German economy’s struggles to overcome the bottlenecks as well as restrictions introduced to contain a spreading fourth wave of the coronavirus driven by the Omicron variant. Seasonally adjusted …
German exports rise, output falls slightly in November Read More »
LONDON (Reuters) -British house prices in December were 9.8% higher than a year earlier, the sharpest annual increase since the eve of the global financial crisis in July 2007, monthly figures from mortgage lender Halifax showed on Friday. House prices rose by 1.1% in December alone, the same increase as in November, and recorded their …
UK house prices rise at fastest rate since 2007 – Halifax Read More »
(Reuters) – French drugmaker Sanofi SA will partner with British AI firm Exscientia Plc to develop up to 15 drug candidates across oncology and immunology, in a deal worth up to $5.2 billion in milestone payments, the two companies said on Friday. Exscientia will get an upfront cash payment of $100 million, leading discovery and …
Sanofi partners with AI firm Exscientia to develop up to 15 new drugs Read More »
By Joice Alves LONDON (Reuters) -European bank shares rose further above a three-year high on Thursday, boosted by the U.S. Federal Reserve’s signal that it could raise rates faster than expected, which lifted some of the December gloom hanging over the sector. European banking stocks benefitted from a sharp rise in borrowing costs on Thursday …
Fed rate view brightens European bank stock outlook Read More »
By Harish Sridharan and Shashwat Awasthi (Reuters) – Australian building materials giant James Hardie Industries fired its CEO after dozens of top executives threatened to quit over his management style, a shock development for a company that has ridden a pandemic housing boom to record profit. The world No. 1 maker of fibre cement products …
Australia’s James Hardie fires CEO, says his conduct risked mass walkout Read More »
LONDON (Reuters) – EDF’s Hunterston B nuclear power plant in Scotland will close on Friday after some 46 years of operation, the company said. Britain’s nuclear power plants can supply around 20% of the country’s electricity demand, but around half are set to close in the next four years as they reach the end of …
EDF’s Scottish nuclear power plant Hunterston B to close after 46 years Read More »
(Reuters) – GlaxoSmithKline PLC said on Thursday it has signed agreements with the Canadian government to supply 20,000 more doses of its COVID-19 drug, as the country battles a surge in infections driven by the Omicron variant. The new purchase agreement follows October’s initial deal to supply 10,000 doses of the drug, sotrovimab, which included …
Canada signs deal to buy 20,000 more doses of GSK COVID-19 drug Read More »
By Mathieu Rosemain PARIS (Reuters) – The search for a new CEO at France’s state-controlled telecoms firm Orange has boiled down to a shortlist of three people chosen by a dedicated selection committee, two sources close to the matter said. The committee, composed of three board members, selected Orange’s Chief Financial Officer Ramon Fernandez, Schneider …
Orange’s board selects three candidates for new CEO – sources Read More »
