Reuters UK Business

European shares rebound from Monday sell-off as energy stocks, miners jump

21 Dec 2021

By Anisha Sircar and Shashank Nayar (Reuters) -European shares ended higher on Tuesday, recovering Monday’s losses, with a jump in commodity-linked and travel stocks offsetting concerns about the spread of the Omicron coronavirus variant. The pan-European STOXX 600 added 1.4%, with miners and oil stocks among the biggest winners amid higher copper and crude prices. …

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Sterling recovers, investors focus on government Omicron response

21 Dec 2021

By Elizabeth Howcroft LONDON (Reuters) -A rebound in global risk appetite pushed the British pound up against the dollar and euro on Tuesday, after Britain announced support for businesses hit by the latest wave of COVID-19 infections amid fears of new restrictions on activity. A combination of the rapid spread of the Omicron coronavirus variant, …

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UK supermarket Iceland says trading strongly through Omicron

21 Dec 2021

LONDON (Reuters) – British supermarket group Iceland has experienced strong trading that is ahead of its expectations as the Omicron variant of coronavirus has spread across the United Kingdom and hit the hospitality industry, its managing director said on Tuesday. “Sales are actually really quite strong, we’ve had a good couple of weeks and we’re …

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Irish debt agency appoints funding director as new CEO

21 Dec 2021

DUBLIN (Reuters) – Ireland’s debt agency on Monday announced the appointment of its director of funding, Frank O’Connor, as its new chief executive. He will take over leadership of the National Treasury Management Agency on July 1, when Conor O’Kelly is due to step down from the position. O’Connor, currently Director of Funding and Debt …

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Recruiter PageGroup names ex-RAC boss Seymour-Jackson as chair

21 Dec 2021

(Reuters) – UK-based recruitment firm PageGroup named on Tuesday former RAC chief Angela Seymour-Jackson as its next chair to succeed David Lowden when he steps down next April. Seymour-Jackson, who joined Page as a non-executive director in 2017, serves as director at multiple British companies and was also until 2012 the chief executive officer of …

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UK retail sales growth slides as Omicron hits – CBI

21 Dec 2021

By David Milliken LONDON (Reuters) -British retail sales growth fell sharply in the first half of December as concerns about the Omicron variant of coronavirus kept shoppers at home, according to a survey which could add to pressure on the government to provide more emergency support. The Confederation of British Industry’s gauge of sales volumes …

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ECB’s Kazimir flags risk of high euro zone inflation for longer

21 Dec 2021

By Robert Muller PRAGUE (Reuters) – Euro zone inflation could remain elevated for longer than expected, European Central Bank policymaker Peter Kazimir said on Tuesday, joining a growing chorus of warnings on building price pressures. The ECB last week extended stimulus despite high inflation, arguing that price pressures will abate and inflation will languish below …

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Airline passengers can claim if flight brought forward – EU court

21 Dec 2021

BRUSSELS (Reuters) – Passengers in Europe are entitled to compensation not only if their flights are delayed but also if they are brought forward by more than an hour, the European Union’s top court ruled on Tuesday. Under EU rules, passengers can claim damages if their flights are cancelled less than 14 days before departure …

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