By Bansari Mayur Kamdar (Reuters) -UK’s blue-chip index extended gains for the second straight session on Wednesday, as a rally in oil and mining stocks helped counter early gloom amid concerns about tighter U.S. monetary policy. After falling as much as 0.2%, the FTSE 100 reversed course to gain 0.2%, closing at its highest since …
Commodity-linked stocks lift UK’s FTSE 100 after dull start Read More »
(fixes sentence in 10th para to say “much cheaper” rather than “still much cheap”) By Joice Alves LONDON (Reuters) -European automobile stocks rose more than 2% to a record high on Wednesday as investors turned increasingly bullish on the sector on growing expectations for stronger car sales in 2022. Investors’ interest in car stocks across …
Europe’s auto stocks hit record high as traders bet on strong 2022 Read More »
LONDON (Reuters) – The pound climbed to a two-month high on Wednesday as investors ramped up expectations that the Bank of England will raise interest rates as early as next month after a surprise hike in December. And growing expectations that Britain will not introduce COVID-19 measures clamping down on economic activity was also boosting …
LONDON (Reuters) – Britain needs a better supply of cheap and affordable energy, Prime Minister Boris Johnson said on Wednesday. Asked by a lawmaker in parliament whether he could do more to help cushion rising energy costs, including a review of the renewable energy levies on bills, Johnson said: “We are determined to do what …
UK needs better supply of cheap energy, says PM Johnson Read More »
By Huw Jones LONDON (Reuters) -Getting ahead in global finance after Brexit needs sustained British government impetus, the City of London’s policy chief said on Wednesday, adding that COVID-19 may be masking some of the impact of leaving the EU. Britain’s financial sector lost most of its access to the European Union, which had been …
City of London says COVID is masking Brexit hit to finance Read More »
BERLIN (Reuters) -Prosecutors in Munich have charged a former senior employee of BMW with corruption and of having defrauded the German carmaker of millions of euros, a court spokesperson said on Wednesday. The man was charged with 18 counts of commercial corruption and 33 counts of breach of trust at the expense of the carmaker, …
BERLIN (Reuters) – TUI is planning to finance new hotels and cruise ships by setting up investment funds rather than through borrowing, its strategy director was quoted by German magazine WirtschaftsWoche as saying. The world’s largest holiday company had to be propped up with billions of euros of government aid after its travel business collapsed …
TUI to finance hotels, cruise ships with investment funds -report Read More »
LONDON (Reuters) -British supermarket group Asda has recruited former Tesco executive Ken Towle as its new retail director with responsibility for all stores, it said on Wednesday. The UK’s third largest grocer, owned since last February by Mohsin and Zuber Issa and private equity company TDR Capital, has been without a chief executive since Roger …
Britain’s Asda recruits former Tesco director to run stores Read More »
LONDON (Reuters) -Facebook-owner Meta has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds that include challenging the finding that the deal removed a potential competitor in display advertising. Meta said last month it had lodged an appeal against the decision by the Competition and Markets Authority (CMA) to …
Facebook-owner Meta sets out grounds for UK appeal on Giphy Read More »
By Christoph Steitz and Vera Eckert FRANKFURT (Reuters) -German utility Uniper has secured credit facilities worth up to 10 billion euros ($11 billion) from parent Fortum and state bank KfW in a move to cope with unprecedented volatility in energy markets, it said. Uniper, in which Finland’s Fortum owns more than 76%, said as part …
Uniper secures $11 billion of credit to cope with gas volatility Read More »
