Reuters UK Business

By Savyata Mishra and Anna Pruchnicka (Reuters) -Shares of European and American spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on the labels of alcoholic drinks. The consumption of alcoholic drinks increases the risk of developing breast, colon, liver and other cancers, U.S. Surgeon General Vivek Murthy …

Alcohol stocks drop after US surgeon general calls for cancer warnings Read More »

MILAN (Reuters) -Key shareholders in Nexi, Europe’s biggest payments group by volume of transactions processed, have signed a governance pact that includes keeping CEO Paolo Bertoluzzo in charge, the company said on Friday. Nexi is set to name a new board of directors in the spring and there had been recurring speculation in financial circles …

Key Nexi shareholders back CEO Bertoluzzo for another term Read More »

MILAN (Reuters) -Vehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in car manufacturing, union figures showed on Friday. To address overcapacity in Italy, the group has relied heavily on state-funded temporary layoff schemes. Stellantis in December presented a plan to boost production, but …

Stellantis Italy output falls 37% in 2024, car production hits 68-year low  Read More »

(Reuters) -British consumer lending grew at the weakest pace since mid-2022 in November and lenders approved fewer mortgages than expected, according to Bank of England data released on Friday which chimes with other indications of a slowing economy. The annual growth rate of consumer credit cooled in November to 6.6% from 7.3%, its slowest pace …

UK mortgage and consumer credit data disappoint as economy slows Read More »

By Maria Martinez BERLIN (Reuters) -The number of people out of work in Germany rose less than expected in December, federal labour office figures showed on Friday. The office said the number of unemployed increased by 10,000 in seasonally adjusted terms to 2.87 million. Analysts polled by Reuters had expected that figure to rise by …

German unemployment rises less than expected in December, labour office says Read More »

(Reuters) – Shares of Tullow Oil jumped over 14% on Friday after the West Africa-focused company was exempted from a $320 million tax on its Ghana operations. The International Chamber of Commerce (ICC) ruled that the Branch Profit Remittance Tax (BPRT) does not apply to the firm’s operations in the Deepwater Tano and West Cape …

Tullow Oil jumps after being exempt from $320 million tax Read More »