By Klaus Lauer BERLIN (Reuters) – Ryanair plans to operate a full schedule of flights from Tel Aviv this summer and is hopeful that Ben Gurion Airport will reopen its shuttered Terminal 1, senior executive Eddie Wilson said in an interview on Thursday. Ryanair is one of a number of airlines to have withdrawn from …
Ryanair plans to fly full summer schedule from Tel Aviv Read More »
By David Milliken and Muvija M LONDON (Reuters) -British financial markets remain orderly and there is no need for authorities to intervene, deputy finance minister Darren Jones said on Thursday after sterling fell to a 14-month low and 30-year borrowing costs hit their highest since 1998. “UK gilt markets continue to function in an orderly …
UK markets are orderly, no need to intervene, minister says Read More »
By Helen Reid and Kane Wu LONDON/HONG KONG (Reuters) – Online fast-fashion retailer Shein is aiming to list in London in the first half of the year, according to two sources with direct knowledge of the matter, assuming it gains regulatory approvals for the initial public offering. The IPO could be completed as early as …
Shein aims for London IPO by mid-year, sources say Read More »
By Marek Strzelecki WARSAW/GDANSK (Reuters) -Poland’s oil refiner and petrol retailer Orlen plans to invest between 350 billion and 380 billion zlotys ($84.3 billion and $91.5 billion) by 2035, it said on Thursday as it unveiled its new strategy. That compares with 320 billion zlotys of investments over an eight-year period envisaged in the 2022 …
Poland’s Orlen plans to invest up to 380 billion zlotys by 2035 Read More »
(Reuters) – Polestar on Thursday reported rises in fourth-quarter retail sales and order intake, raising optimism amongst jittery investors over demand for the Swedish EV maker’s higher-priced models. The company reported retail sales of 12,256, up from 11,640, and a 37% rise in order intake compared to a year earlier. Polestar also announced a change …
LONDON (Reuters) -British bakery chain Greggs said its growth had slowed in the Christmas quarter, hurt by lower consumer confidence, and its boss warned of a challenging 2025, sending its shares down by 10% on Thursday. For the fourth quarter, Greggs posted underlying sales growth of 2.5%, behind the 5% level it recorded in the …
LONDON (Reuters) – British businesses expect to raise prices and reduce staff numbers in response to an increase in employers’ social security contributions that will take effect in April, a Bank of England survey of more than 2,000 firms showed on Thursday. The BoE’s Decision Maker Panel showed 61% of companies expected reduced profits, 54% …
UK firms to raise prices and cut jobs after tax hike, BoE survey shows Read More »
BERLIN (Reuters) – Germany recorded the highest number of company insolvencies since 2009 in the last quarter of last year, a study from the Halle Institute for Economic Research (IWH) showed on Thursday, reflecting high interest rates and increased prices. The fourth quarter of 2024 saw 4,215 company insolvencies with almost 38,000 jobs affected, according …
Germany records highest company insolvencies since financial crisis Read More »
By Paul Sandle LONDON (Reuters) – Marks & Spencer’s chief executive said on Thursday he would work to mitigate higher costs and consumer caution in the months ahead, even after the retailer delivered the best results on the UK high street for the all-important Christmas season. M&S shares, which have risen more than 30% in …
M&S seeks to fend off high street headwinds after bumper Christmas Read More »
FRANKFURT (Reuters) – Euro zone retail sales grew less than expected in November, confirming that consumption remains in the doldrums and adding to a recent string of gloomy data about the health of the currency bloc’s economy. Retail sales in the 20 nations sharing the euro grew by 0.1% in November compared to the previous …
Euro zone consumers hold back spending as economy stagnates Read More »
