BERLIN (Reuters) – The Ifo price expectations index in Germany rose to its highest level since April 2023 in December, with all economic sectors contributing to the increase, the economic institute Ifo said on Thursday. The index rose to 19.7 points in December, up from 15.8 points in November. The points for the Ifo price …
More German companies want to raise prices, Ifo says Read More »
(Reuters) -Premier Inn owner Whitbread reported on Thursday a modest increase in total accommodation sales in the UK for a six-week period, and reaffirmed its full-year 2025 forecast, supported by strong sales in Germany. Whitbread, the owner of restaurant and pub chains such as Beefeater and Bar+Block Steakhouse, reported a 2% rise in total accommodation …
Premier Inn owner Whitbread posts modest UK sales, reaffirms 2025 outlook Read More »
(Reuters) – British investment group Petershill Partners said on Thursday it sold its majority stake in venture capital firm General Catalyst for $726 million. Petershill Partners said it intends to pay a special dividend of 14 cents per share, amounting to $151 million, reflecting the return to shareholders of the majority of the net gain …
UK’s Petershill Partners sells majority stake in General Catalyst for $726 million Read More »
LONDON (Reuters) -Antofagasta on Thursday reported a modest 1% rise in its 2024 copper production to 664,000 metric tons, below its guidance, as higher production at its flagship projects was offset by lower grades. The company had previously guided to a range of 670-710,000 tons versus 660,600 tons in 2023. The Chilean miner, which operates …
LONDON (Reuters) – Britain’s finance minister Rachel Reeves said on Thursday she would press regulators on what more her government can do to deliver growth after data showed the country’s economic output inched up by a lower-than-expected 0.1% in November. “I am determined to go further and faster to kickstart economic growth,” Reeves said in …
UK’s Reeves says she will press regulators to help deliver growth Read More »
By James Davey LONDON (Reuters) -European discounter Pepco Group said on Thursday the performance of its struggling Poundland business in Britain deteriorated in the Christmas quarter, with underlying revenue falling 7.3%. The Warsaw-listed retailer, which also owns the Pepco and Dealz brands, said group like-for-like revenue fell 1.1% in the three months to Dec. 31, …
Discounter Pepco says Poundland’s sales fall worsened in Christmas quarter Read More »
ROME (Reuters) – Stellantis’ said on Thursday its fourth quarter shipments were down 9% compared to the previous year, to 1.395 million vehicles. In the final three months of 2024 shipments were down 28% in North America, fell 6% in Enlarged Europe area and up 12% in South America, it added in a statement. Stellantis, …
By Amy-Jo Crowley LONDON (Reuters) – An exodus of companies from London’s Alternative Investment (AIM) market is set to accelerate into 2025, even as Britain’s policymakers try to revive the country’s capital markets, bankers and financial advisers to AIM companies told Reuters. Already in 2025, Britain’s Alliance Pharma agreed to sell itself to asset management …
Analysis-London’s withering AIM market set to lose more members this year Read More »
PARIS (Reuters) – French automaker Renault said on Thursday that sales grew by 1.3% in 2024, with a strong fourth quarter driven by new launches helping to offset weak demand earlier in the year. Sales growth, however, slowed sharply from the 9% rise recorded in 2023, as the global auto sector faced a challenging year …
Renault 2024 sales volumes grow 1.3%, helped by hybrids Read More »
A look at the day ahead in European and global markets from Ankur Banerjee Global stocks and non-dollar currencies found some respite from their inflation-related anxieties, buoyed by a strong start to the earnings season and a softish U.S. core inflation reading that revived hopes for Fed rate cuts this year. But the relief rally …
Morning bid: Brief relief for markets after tame US inflation Read More »
