PARIS (Reuters) – Here are five facts about Patrick Drahi, the cable magnate who announced on Tuesday he had raised his stake in BT to 18%, becoming the company’s top shareholder and drawing a defensive response from the British government. * Born in Morocco, Drahi, 58, moved to France at the age of 15 and …
Factbox-Patrick Drahi, the dealmaker building a stake in BT Read More »
By William Schomberg and Andy Bruce LONDON (Reuters) -British employers hired a record number of staff in November, adding to signs that the labour market withstood the end of the government’s furlough scheme and underscoring the Bank of England’s dilemma as it meets on interest rates this week. Tax office data showed 257,000 people joined …
Strong UK jobs growth puts BoE on the spot over rates Read More »
LONDON (Reuters) – Reports that British retailer Marks & Spencer wants to increase its 50% stake in the Ocado Retail online supermarket joint venture with Ocado Group are “pure speculation”, Ocado Group’s finance chief said on Tuesday. “That newsflow is pure speculation,” Stephen Daintith told reporters after Ocado Retail updated on trading. “The partnership is …
Reports of M&S raising Ocado Retail stake are “pure speculation” -Ocado CFO Read More »
BERLIN (Reuters) – The German government expects to see weak economic output in the final quarter of the year as rules aimed at stemming the coronavirus and supply bottlenecks hold back recovery, the economy ministry said on Tuesday. Less than a fifth of businesses said that they believe the current situation will improve by Feb. …
COVID, bottlenecks hold back German economy in Q4 – ministry Read More »
LONDON (Reuters) – Marks & Spencer was Britain’s fastest growing food retailer in the 12 weeks to Dec. 4, market researcher NielsenIQ said on Tuesday, providing more evidence the group’s latest turnaround plan is delivering. NielsenIQ said M&S’s sales rose 9.1% in the period year-on-year, outpacing German-owned discounters Lidl and Aldi, which recorded growth of …
M&S was Britain’s fastest growing food retailer in last quarter -NielsenIQ Read More »
(Reuters) -British online supermarket group Ocado Group Plc said on Monday it had won a patent infringement lawsuit filed by Norwegian robotics company AutoStore Holdings Ltd in the International Trade Commission (ITC). AutoStore had filed the lawsuit last year in both the United States and the United Kingdom, saying it was the inventor and rightful …
Ocado wins patent infringement trial in ITC against AutoStore Read More »
By Hyunjoo Jin (Reuters) -Tesla Inc Chief Executive Officer Elon Musk has sold nearly $13 billion worth of shares since early November when the world’s richest person polled Twitter users about offloading 10% of his stake in the electric-car maker. The billionaire sold another 934,091 shares for $906 million on Monday to pay for taxes …
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By Christopher Bing, Raphael Satter and Joseph Menn WASHINGTON (Reuters) – A newly discovered vulnerability in a widely used software library is causing mayhem on the internet, forcing cyber defenders to scramble as hackers rush to exploit the weakness. The vulnerability, known as Log4j, comes from a popular open source product that helps software developers …
Widely used software with key vulnerability sends cyber defenders scrambling Read More »
By Jan Strupczewski BRUSSELS (Reuters) – The European Union’s idea of jointly borrowing for joint goals, such as for the post-pandemic recovery, could be used again by the EU if the implementation of the recovery scheme is a success, European Economic Commissioner Paolo Gentiloni said on Monday. In an unprecedented move to prevent economic fragmentation …
EU recovery fund idea could be used again, if it is a success now -Gentiloni Read More »
By Fernando Kallas and Corina Pons MADRID (Reuters) -Spain’s LaLiga has reached an agreement to sell its domestic broadcasting rights to Movistar and DAZN for 4.95 billion euros ($5.59 billion) over five years, it said in a statement on Monday. The deal is a record for the top-flight soccer league as its last contract, signed …
LaLiga grants domestic TV rights to Movistar, DAZN for 4.95 billion euros Read More »
