By James Davey LONDON (Reuters) -Aldi UK, the British arm of the German discount supermarket group, said on Monday its sales increased 3.4% in the four weeks to Dec. 24 year on year to top 1.6 billion pounds ($2 billion), helped by shoppers trading up to its premium own-label products. Britain’s fourth-largest grocer behind Tesco, …
Aldi UK’s Christmas sales boosted by demand for premium products Read More »
MADRID (Reuters) – Spain’s service sector expanded in December at its fastest pace since April 2023, driven by a sharp rise in new business and a recovery in activity following the country’s deadly flooding in late October, S&P Global reported on Monday. The HCOB Spain Services PMI rose to 57.3 in December from 53.1 in …
Spain’s December services activity grows at fastest pace in 20 months, PMI shows Read More »
PARIS (Reuters) – French finance minister Eric Lombard said France’s budget situation was “serious” , adding he targeted a 2025 deficit in a range of 5% to 5.5% of gross domestic product (GDP). Lombard also told France Inter radio that the budget deficit would “probably” be around 6.1% in 2024. (Reporting by Dominique Vidalon; Editing …
French finance minister says eyes 2025 budget deficit in 5-5.5% range Read More »
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Markets have mostly been on a random walk in Asia, punctuated by reports embattled Canadian Prime Minister Justin Trudeau might announce his resignation as early as today. The muted market reaction suggested the news was priced in and investors …
Morning Bid: Canadian dollar calm as Trudeau heads for the exits Read More »
(Reuters) -Italy is in advanced talks with Elon Musk’s SpaceX over a 1.5 billion euro ($1.55 billion) deal for the company to provide secure telecommunications to the government, Bloomberg News reported on Sunday. Discussions are ongoing and a final agreement on the five-year contract has not been reached, but the project has already been approved …
Italy in talks over $1.5 billion SpaceX security services deal, Bloomberg News reports Read More »
DUBLIN (Reuters) – Irish services sector activity expanded slightly slower in December but growth in new business hit its fastest pace since March and optimism for the coming 12 months improved, a survey showed on Monday. The AIB Global S&P Purchasing Managers’ Index (PMI) slipped to 57.1 in December from 58.3 in November, but remained …
Irish services new business growth hits nine-month high in December, PMI shows Read More »
By Scott Murdoch and Shivangi Lahiri SYDNEY (Reuters) -Insignia Financial shares shot to a three-year high on Monday after it revealed a A$2.87 billion ($1.78 billion) takeover bid from U.S.-based investment manager CC Capital Partners, eclipsing a A$2.67 billion offer from Bain Capital. The deal would give CC Capital access to Australia’s $A4.1 trillion superannuation …
Australia’s Insignia gets $1.8 billion bid from CC Capital, topping Bain offer Read More »
By Sergio Goncalves LISBON (Reuters) – Portuguese oil company Galp Energia is investigating an anonymous complaint about an alleged personal relationship between Chief Executive Filipe Silva and a company manager, economic website ECO reported on Saturday. Galp’s ethics committee is analysing “alleged conflicts of interest due to a close and personal relationship (which had been) …
Portugal’s Galp probes alleged CEO relationship, website ECO says Read More »
By Gnaneshwar Rajan and Surbhi Misra (Reuters) – Swiss bank UBS is working with an independent ombudsman to shed light on Nazi-linked accounts, it said on Saturday, after the Wall Street Journal newspaper reported some accounts at collapsed bank Credit Suisse, which UBS bought in 2023, had not been disclosed in earlier investigations. The Journal …
UBS investigates undisclosed Nazi-linked accounts at Credit Suisse Read More »
(Reuters) – Sales of new passenger cars in Russia increased by 47% year on year to 1.55 million units in 2024, Russian news agencies reported on Saturday, citing industry and trade ministry data. New sales in 2025 are seen dropping by around 10% to 1.43 million units, Sergei Tselikov, head of Russian analytical agency Autostat, …
Russia’s new car sales up 47% in 2024, agencies cite industry ministry Read More »
