LONDON (Reuters) – HSBC on Friday ramped up its forecasts for UK interest rate increases in a 2022, a day after the Bank of England surprised markets by hiking rates by 15 basis points. Among the first major investment backs to publish its changed forecasts, HSBC said it now expects three rate hikes in 2022 …
HSBC accelerates UK rate hike timetable after BoE surprise Read More »
By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) -Carmaker Stellantis is in exclusive talks with BNP Paribas, Credit Agricole and Santander over the reorganisation of its leasing and financing operations in Europe, it said on Friday. The group plans to create a 50-50 long-term leasing company with Credit Agricole Consumer Finance, and to reorganise its …
Carmaker Stellantis reshuffles European financing operations Read More »
(Corrects last paragraph in DEC. 15 story to make clear nuclear is around 70% of electricity mix, not more than 70%) By Benjamin Mallet and Tassilo Hummel PARIS (Reuters) -French power giant EDF said on Wednesday it had found faults on pipes in a safety system at its Civaux nuclear power station, and it would …
France’s EDF takes more nuclear reactors offline after faults found Read More »
(Reuters) – Johnson Matthey said on Friday it will sell its health business to investment firm Altaris Capital Partners for an enterprise value of about 325 million pounds ($432.71 million), as the chemicals maker plans to refocus on its core assets. The London-listed company said it would retain a 30% stake in the health business, …
Chemicals firm Johnson Matthey to sell health unit in $433 million deal Read More »
By David Milliken and Andy Bruce LONDON (Reuters) -British retail sales rose faster than expected last month, helped by Black Friday discounts, early Christmas shopping and no lockdown restrictions that closed many shops last year, official figures showed on Friday. Retail sales volumes rose by 1.4% in November on a seasonally-adjusted basis and were 4.7% …
British retailers report pre-Xmas sales boost in November Read More »
By Emma-Victoria Farr and Graham Fahy LONDON/DUBLIN (Reuters) – Permanent TSB said on Friday that it had finalised a deal to buy the loan books, branches and asset finance business of NatWest Group’s Ulster Bank. Permanent TSB (PTSB) said it will pay 6.4 billion euros ($7.25 billion) in cash and issue 90.9 million shares to …
Permanent TSB, NatWest agrees terms on Ulster Bank deal Read More »
AMSTERDAM (Reuters) – Just Eat Takeaway.com said on Friday it had struck a deal with British supermarket group Asda to sell groceries through its delivery platform. The deal, Just Eat’s first with a major British supermarket chain, comes after the company has faced criticism it has been slow to respond to similar moves by competitors: …
Just Eat strikes first British grocery deal with Asda Read More »
By Eric M. Johnson and Tim Hepher SEATTLE/PARIS (Reuters) – In Boeing Co’s factory of the future, immersive 3-D engineering designs will be twinned with robots that speak to each other, while mechanics around the world will be linked by $3,500 HoloLens headsets made by Microsoft Corp. It is a snapshot of an ambitious new …
Boeing wants to build its next airplane in the ‘metaverse’ Read More »
By Helena Soderpalm and Supantha Mukherjee STOCKHOLM (Reuters) – Northvolt Chief Executive Peter Carlsson wants to take on his old boss Elon Musk with the greenest electric vehicle batteries in the world. But he needs to start producing them first. The Swede is determined to get his factory, roughly 200 km south of the Arctic …
Batteries included? Northvolt goes all out to meet 2021 launch goal Read More »
LONDON (Reuters) – British house prices might only inch up in 2022 after the rapid upturn seen this year, mortgage lender Halifax said on Friday. House prices are likely to rise by around 1% next year following growth of around 8% this year, Halifax said. “With the prospect that interest rates may rise further in …
UK house price boom set to end in 2022, Halifax predicts Read More »
