(Reuters) -Britain’s McBride raised its estimate for half-year losses as the maker of Oven Pride cleaning products battles a relentless surge in costs from global supply chain pressures, driving its shares down 10% on Thursday. The company projected an interim operating loss of between 14 million pounds ($18.62 million) and 17 million pounds for the …
McBride warns of bigger loss as costs surge, shares slump Read More »
PRAGUE (Reuters) – Volkswagen’s Skoda Auto will extend its Christmas break until Jan. 10, unions at the largest Czech carmaker said on Thursday, as the automotive sector struggles with parts deliveries disruptions. Supply bottlenecks for chips have been dampening the car industry across the globe. The shortages again dragged heavily on Czech industrial output in …
VW’s Skoda to extend holiday break until Jan. 10, unions say Read More »
By Pushkala Aripaka (Reuters) -Britain’s Domino’s Pizza Group has struck a deal with its franchisees in the UK and Ireland over profit sharing, ending more than two years of negotiations and sending its shares more than 20% higher. The chain, a franchise of U.S.-based Domino’s Pizza Inc, will invest about 20 million pounds ($26.53 million) …
UK’s Domino’s Pizza resolves row with franchisees, shares jump Read More »
BERLIN (Reuters) – Growth in German private sector activity evaporated in December as restrictions to break an aggressive fourth wave of coronavirus infections hit the services sector in Europe’s largest economy, a survey showed on Thursday. IHS Markit’s flash composite purchasing managers’ index fell to 50.0, an 18-month low, from 52.2 in November. This was …
COVID curbs freeze Germany’s private sector growth in December – PMI Read More »
LONDON (Reuters) – The Rothermere family on Thursday won its battle to take the publisher of Britain’s Daily Mail private after the owners of 57% of the shares backed their recommended offer. The Rothermeres, who already controlled all of the ordinary shares in the company, agreed a deal to take Daily Mail and General Trust …
Rothermeres win battle to take Daily Mail publisher private Read More »
BERLIN (Reuters) – German collectively agreed wages barely grew this year despite soaring inflation, data showed on Thursday, effectively leaving consumers with less money in their wallets, which could hurt future household spending in Europe’s largest economy. The Federal Statistics Office said the negotiated wages of unionised employees rose by an average of 1.3% on …
German wages barely grew in 2021 despite skyrocketing inflation Read More »
BERLIN (Reuters) – Daimler Truck, Traton and Volvo have signed off plans announced in July https://www.reuters.com/article/truck-jv-electric-idCNL2N2OH0HN for a joint venture to set up a high-performance electric charging network for trucks and buses across Europe, the companies said on Thursday. The three firms will invest 500 million euros ($565.10 million) to set up and operate at …
Daimler Truck, Traton, Volvo sign off JV plans for Europe charging network Read More »
DUBLIN (Reuters) – Ryanair expects to fly around 10% fewer passengers in December and January due to customer concerns around the Omicron variant of COVID-19, Group Chief Executive Michael O’Leary told the Guardian newspaper in an interview. The airline expects to fly about 10 million people in December rather than the forecast 11 million, and …
Ryanair sees Omicron hit to December, January capacity Read More »
LONDON (Reuters) -British fund manager Schroders said on Thursday it was in advanced talks to buy a significant stake in renewables investment firm Greencoat Capital. Schroders issued the statement after a report by Sky News that it was close to taking a 75% stake for about 360 million pounds ($478 million), with a potential option …
Schroders in talks to buy stake in green investor Greencoat Read More »
LONDON (Reuters) -Swiss asset management group GAM International has been fined 9.1 million pounds ($12.1 million) by Britain’s financial watchdog for conflicts of interest and gifts and entertainment matters, the regulator said on Thursday. The Financial Conduct Authority (FCA) said GAM failed between 2014 and 2017 to conduct its business with due care and diligence. …
Britain’s financial watchdog fines Switzerland’s GAM $12 million Read More »
