By Nichola Groom (Reuters) – Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell, on Thursday said it raised $775 million in equity capital from new and existing investors. The announcement comes as renewable energy, and in particular solar, is experiencing a dramatic expansion in the United States. Financial institutions are …
Shell-backed U.S. solar developer raises $775 million in equity Read More »
By David Milliken LONDON (Reuters) -Britain’s services sector suffered its biggest loss of momentum last month since the country was last in lockdown, as the spread of the Omicron variant of coronavirus hammered hospitality and travel, a survey showed on Thursday. The IHS Markit/CIPS services Purchasing Managers’ Index (PMI) fell to a 10-month low of …
Omicron pushes UK services PMI to 10-month low – IHS Markit Read More »
By James Davey LONDON (Reuters) -British fashion retailer Next raised its full-year profit outlook for a fifth time in 10 months after beating guidance for sales in the run-up to Christmas, boosted by an unexpected revival in demand for adult formal and occasionwear. As the first major UK retailer to update on Christmas trading, Next …
Next raises profit outlook for fifth time after strong Christmas Read More »
BRUSSELS (Reuters) – Euro zone producer prices rose in November more than expected, but on a monthly basis their increase slowed significantly from October, Eurostat’s estimates released on Thursday showed. The European Union’s statistics office said prices at factory gates in the 19 countries sharing the euro rose 1.8% month-on-month for a 23.7% year-on-year surge. …
Euro zone producer prices rise in November more than expected Read More »
By David Milliken LONDON (Reuters) – New car registrations in Britain last year grew slightly from 2020 but were still far below pre-pandemic levels, reflecting a shortage of semiconductors as well as the direct impact of the pandemic, the industry said on Thursday. Some 1.65 million new cars were registered in Britain in 2021, 1.0% …
UK new car sales 29% below pre-pandemic level in 2021 – SMMT Read More »
LONDON (Reuters) – British consumer spending on credit and debit cards fell sharply in the week to Dec. 30, which covered the Christmas holiday period, according to non-seasonally adjusted figures released by the Office for National Statistics on Thursday. Card spending dropped by 40 percentage points from the previous week to 86% of its average …
UK consumer spending falls sharply in Christmas week Read More »
LONDON (Reuters) – The emergence of the Omicron variant of coronavirus hit British businesses’ expectations for sales, jobs and investment last month, a Bank of England survey showed on Thursday. The BoE’s Decision Makers’ Panel report showed companies expected to output price inflation to hit 4.5% in the three months to December 2022, up from …
Omicron hits UK companies’ plans for sales and jobs: BoE survey Read More »
LONDON (Reuters) – The trading outlook for British clothing retailer Next in 2022 is very dependent on what happens to wage inflation, its boss said on Thursday. “A lot depends on what happens to wage inflation,” Simon Wolfson told Reuters after Next reported better-than-expected Christmas trading. “The positive for retail is that we can adjust …
Next’s 2022 trading outlook dependent on UK wage inflation -CEO Read More »
LONDON (Reuters) – The chief executive of British food-to-go retailer Greggs said surging cases of Omicron were putting pressure on its store staff, but it was manageable from a business perspective. “It’s disruptive and it creates problems for our people,” Roger Whiteside said in an interview on Thursday. “It is the impact on the people …
Greggs says Omicron impact is being felt in stores Read More »
COPENHAGEN (Reuters) – Swiss-based container group MSC has overtaken Denmark’s Maersk as the world’s biggest shipper, the company said, confirming data from intelligence provider Alphaliner. After taking delivery of several ships last year, MSC or Mediterranean Shipping Company has capacity to move the equivalent of 4,284 million twenty-foot containers, Alphaliner said. That compares with Maersk’s …
Size not the main aim, shippers say, as MSC overtakes Maersk Read More »
