Reuters UK Business

LONDON (Reuters) – British-based equity funds attracted a record 14.2 billion pounds ($19.3 billion) in inflows in 2021, funds network Calastone said on Thursday, as investors piled in after government and central bank stimulus during the pandemic. Most investors put their cash in global funds, which attracted a record 13.4 billion pounds in inflows, while …

British-based equity funds see record $19 billion inflows in 2021 -Calastone Read More »

LONDON (Reuters) – Shopper numbers in Britain deteriorated sharply in December, to 18.6% below 2019’s level compared with November’s 14.5% decline on consumers’ increased nervousness around the rapid spread of the Omicron variant, industry data showed on Thursday. Researcher Springboard said its data, which ran from Nov. 28 to Jan. 2 showed shopper numbers, or …

Omicron drives 18.6% fall in December UK shoppers vs pre-pandemic Read More »

By Nick Carey LONDON (Reuters) – The global semiconductor chip shortage will continue to hurt British car sales throughout this year and into 2023 after making a serious dent in vehicle supply in 2021, an industry group said on Thursday. The Society of Motor Manufacturers and Traders (SMMT) said around one in six new cars …

Lack of chips to further hit UK car market in 2022 – industry group Read More »

By Victoria Klesty OSLO (Reuters) – Electric cars made up nearly two thirds of Norway’s new sales in 2021, with Tesla the top selling automobile brand overall, as the country pursues its goal of becoming the first to end the sale of petrol and diesel cars. While Norway, with a population of 5.4 million, has …

Electric cars hit 65% of Norway sales as Tesla grabs overall pole Read More »

By Stephen Nellis (Reuters) – Volvo Cars and self-driving sensor maker Luminar Technologies Inc said on Wednesday a hands-free driving system called “Ride Pilot” will be first released in California, though the companies did not give a specific date. Volvo is planning to deploy the technology, which will allow the car to fully take over …

Volvo to debut self-driving feature in California using Luminar sensor Read More »

By Huw Jones LONDON (Reuters) – Some European Union banks are shutting out asylum seekers and other types of customers in mishandled efforts to comply with anti-money laundering rules, the bloc’s banking watchdog said. Banks have become far more nervous as regulators in the EU, the United States and elsewhere crack down on inadequate “know …

Asylum seekers shut out of financial system by some EU banks, watchdog finds Read More »

By Sruthi Shankar and Ambar Warrick (Reuters) -Automobile stocks helped drive European shares to new highs on Wednesday, even as a new year rally appeared to be running out of gas due to concerns over COVID-19 and slowing growth. The continent-wide STOXX 600 index rose 0.1% to 494.35 points, its third consecutive record closing high. …

Carmakers put European stocks on road to record-high close Read More »

By Padraic Halpin DUBLIN (Reuters) -Ireland ran a lower-than-expected 2021 budget deficit of around 4% of the economy due to a surge in tax receipts, including another record contribution from the corporate sector, the finance ministry estimated on Wednesday. The ministry had forecast in October that it would finish the year with a deficit of …

Record corporate tax haul drives down Irish budget deficit Read More »