LONDON (Reuters) – Britain’s biggest supermarket group Tesco, No. 2 Sainsbury’s and discounter Lidl were winners at Christmas, posting sales growth of 5.0%, 3.5% and 6.6%respectively, according to industry data published on Tuesday. No. 3 Asda remained the industry laggard, with sales down 5.8% in the 12 weeks to Dec. 29 compared with the previous …
Tesco, Sainsbury’s and Lidl are UK Christmas winners, says Kantar Read More »
By John Revill ZURICH (Reuters) – Swiss inflation fell again in December, according to data on Tuesday, fuelling expectations for more interest rate cuts by the Swiss National Bank this year that markets now view as virtually certain. Swiss prices rose by 0.6% in December compared with a year earlier, according to figures from the …
Swiss inflation falls again, pointing to more central bank rate cuts Read More »
AMSTERDAM (Reuters) – Dutch computer chip maker NXP said on Tuesday it has agreed to buy Austria’s TTTech Auto for $625 million, to strengthen its automotive operations. NXP is the biggest maker of chips for cars, while TTTech Auto makes safety-focused ‘middleware’ – software that helps a car’s operating system integrate with applications, and roll …
Chipmaker NXP to buy Austria’s TTTech Auto for $625 million Read More »
DUBAI (Reuters) – Dar Global said on Tuesday it plans to expand in the U.S. and Greece, after the Dubai-based developer recently unveiled projects in partnership with the Trump Organization. The international arm of Saudi Arabia’s Dar Al Arkan Real Estate Development Company said in a statement it plans to invest in “key international cities” …
Dar Global plans US, Greece projects after Trump Organization deals Read More »
By James Davey LONDON (Reuters) -British clothing retailer Next edged up its annual profit outlook for the fourth time in six months after a strong Christmas but warned of a slowdown in its home market in its new financial year as tax rises bite. Next reported a better-than-expected 6.0% rise in full-price sales for the …
Britain’s Next raises profit outlook but warns of slowdown ahead Read More »
(Reuters) – British lender Close Brothers named Mike Morgan as its new group CEO on Tuesday, and said that Chief Executive Adrian Sainsbury would leave the company to focus on his health after a period of medical leave. The changes occur at a time when the British lender navigates the repercussions of a motor finance …
British lender Close Brothers names Mike Morgan as new group CEO Read More »
(Reuters) – UK’s Serica Energy said on Tuesday that its Triton floating production storage and offloading (FPSO) vessel in the North Sea resumed production on Dec. 27, with a phased restart of the producing and new wells ongoing. It said its 2024 annual production averaged 34,600 barrels of oil equivalent per day (boepd), slightly below …
UK’s Serica Energy restarts production at Triton vessel Read More »
BERLIN (Reuters) – Thyssenkrupp Nucera on Tuesday extended CEO Werner Ponikwar’s contract by a further five years, until July 2030, and named Stefan Hahn as its new CFO effective from March 1. Hahn will succeed Arno Pfannschmidt, who would reach the age limit of 65 years during an extended term and will retire at the …
Thyssenkrupp Nucera extends CEO contract, names new CFO Read More »
LONDON (Reuters) – British house prices dropped unexpectedly last month for the first time since March although they finished the year higher than in December 2023, figures from mortgage lender Halifax showed on Tuesday. Halifax, part of Lloyds Banking Group, Britain’s biggest mortgage lender, said house prices fell 0.2% in December after a 1.2% rise …
UK house prices dip for first time since March, Halifax says Read More »
(Reuters) -Parcel locker company InPost reported a 20% rise in fourth-quarter volumes on Tuesday, hitting new highs during the peak holiday season, driven by both its home market Poland and abroad. InPost, which aside Poland operates in eight countries, delivered 322.1 million parcels in the quarter, which included the busy end-of-year holiday season. It said …
