By Alun John LONDON (Reuters) -The pound held steady on both the dollar and euro on Wednesday as the relief investors felt from a cooler-than-expected inflation print that sparked a rally in gilts outweighed the traditional relationship between the currency and yields. The pound was choppy, but was last around flat on the day at …
Pound holds firm as cooler inflation print spurs investor relief Read More »
(Reuters) – Britain’s ASOS Plc flagged a one-time impairment charge exceeding $200 million in fiscal 2025 due to the “mothballing” of its Atlanta distribution centre on Wednesday, as the online fashion retailer navigates a tough business environment. Over the last couple of years, ASOS has been working to transform its business after losing popularity among …
ASOS warns of $200 million hit from Atlanta distribution centre closure Read More »
(Reuters) -British restaurant and pub operator Mitchells & Butlers reported a rise in like-for-like quarterly sales on Wednesday due to strong demand during the Christmas season but said it witnessed a slowdown amid cold weather during the last couple of weeks. WHY IT’S IMPORTANT UK pub groups, which saw a higher footfall during the year-end …
UK’s Mitchells & Butlers posts higher sales during festive season Read More »
COPENHAGEN (Reuters) – Denmark’s Vestas said on Wednesday it had appointed Jakob Wegge-Larsen as its new chief financial officer, adding he will start the position in the second quarter of this year. Wegge-Larsen joins Vestas from DB Schenker where he currently serves as CFO. He will replace Hans Martin Smith, who stepped down as CFO …
PRAGUE (Reuters) – Czech-based turbine manufacturer Doosan Skoda Power on Wednesday announced plans for an initial public offering on the Prague stock exchange. The company, whose ultimate parent is South Korea’s Doosan Corp, said it expected the offering would consist of 21.5-26.5% of existing shares and up to the equivalent of 5-10% of shares to …
Doosan Skoda Power announces plans for Prague IPO Read More »
(Reuters) – Britain’s International Distribution Services said on Wednesday its revenue inched 0.8% higher during the busy Christmas period as its Royal Mail business handled more international parcel volumes. (Reporting by Yadarisa Shabong in Bengaluru; Editing by Varun H K)
ISTANBUL (Reuters) – Polat Energy said on Wednesday it had signed Turkey’s largest battery energy storage system supply agreement with Rolls-Royce, with a capacity of 132 MWh, to increase the storage capacity at the Goktepe wind power plant. The Goktepe plant is located in Yalova in northwestern Turkey. (Reporting by Ebru Tuncay; Writing by Daren …
Polat Energy, Rolls-Royce sign Turkey’s largest energy storage deal Read More »
By Helen Reid LONDON (Reuters) – The investment arm of Ingka Group, the biggest global IKEA retailer, said it will invest 1 billion euros ($1.03 billion) into recycling companies as it aims to better manage the waste created when IKEA furniture, bedding or mattresses are thrown away and end up incinerated or in landfill. The …
Biggest IKEA retailer to invest $1 billion in recycling firms Read More »
(Reuters) – British business confidence slid to a two-year low at the end of last year, pushed down by worries about tax following the Labour government’s first budget, a survey showed on Wednesday. The Institute of Chartered Accountants in England and Wales (ICAEW) said its gauge of business morale fell to 0.2 in the fourth …
UK business morale sank to 2-year low in late 2024, accountants say Read More »
By James Davey LONDON (Reuters) – Two thirds of British retailers will raise prices this year in response to higher employer social security costs introduced in the new Labour government’s first budget, a survey of finance chiefs showed on Wednesday. Trade body the British Retail Consortium (BRC) said its survey of chief financial officers and …
UK retailers to raise prices in response to budget tax hike, survey shows Read More »
