By Huw Jones and John McCrank LONDON/NEW YORK (Reuters) – Bankers and regulators will be at their screens on New Year’s Eve to see if what was once dubbed the world’s most important number slips quietly into the history books. The London Interbank Offered Rate, or Libor, is finally being switched off, ending its role …
Libor limbers up for ‘Y2K’ walk into a $265 trillion sunset Read More »
By Swathi Nair BENGALURU (Reuters) – The European Central Bank is set to halve the amount of assets it buys each month from April, according to a Reuters poll of ECB-watchers who judged that a reprieve from high euro zone inflation by late 2022 means an interest rate rise is years away. Policymakers at the …
ECB to halve bond purchases from April, say economists: Reuters poll Read More »
BERLIN (Reuters) – German wholesale prices rose by 16.6% on the year in November, official data showed on Monday, recording their biggest annual rise since data collection for the measure began in 1962 and suggesting higher consumer prices may follow. The price measure is widely considered an indicator of future inflationary tendencies as wholesale trade …
German wholesale prices see record jump as raw material costs soar Read More »
(Reuters) -Purplebricks warned of a potential financial hit of 2 million pounds to 9 million pounds ($2.7 million to $11.9 million), after the online estate agent found a “process issue” in communications with tenants about deposit registrations. Shares slumped about 18% to 26 pence in early trading on Monday, as the company also said it …
Purplebricks flags up to $12 million risk over tenant communication, shares tumble Read More »
By Victor Jack LONDON (Reuters) – The number of British manufacturers raising prices has hit its highest in at least two decades, according to a survey published on Monday as the Bank of England considers whether to head off inflation pressure with an interest rate hike this week. Trade body Make UK and accountants BDO …
Most UK manufacturers raising prices since at least 2000-survey Read More »
By Corina Pons and Jesús Aguado MADRID (Reuters) – An experienced team of managers should smooth leadership change at Inditex next year, when the family of billionaire founder Amancio Ortega will tighten its grip on the world’s biggest fashion retailer, sources and analysts said. Investors were rocked last month when the owner of the Zara …
New double act reinforces Ortega family grip on Inditex Read More »
LONDON (Reuters) – British sportswear and fashion group Frasers plans to start a new share buyback programme of up to 70 million pounds ($92.6 million), it said on Monday. The group, formerly called Sports Direct and controlled by Mike Ashley, said the programme would run until April 2022. Ashley owns about 66% of the group’s …
Mike Ashley’s Frasers starts new 70 million stg share buyback Read More »
LONDON (Reuters) – British subprime lender Amigo said on Monday it had finalised two potential rescue schemes for the ailing company, which will be voted on by creditors. Amigo said its first plan would mean the company would restart lending, after this was paused to deal with a deluge of past mis-selling complaints. The second …
British lender Amigo puts potential rescue plans to creditors Read More »
By Giulio Piovaccari MILAN (Reuters) -Italy’s Lancia will pursue profitability over volume to secure a long-term home in the 14 brand Stellantis stable and try to emulate German carmaker Mercedes to do so, its boss Luca Napolitano told Reuters. Lancia has in recent years retreated from a past littered with world rally titles and iconic …
Lancia to mimic Mercedes in pursuit of a future inside Stellantis Read More »
(Reuters) – Australia’s Ramsay Health Care Ltd said on Monday it would buy Britain’s Elysium Healthcare Ltd for 775 million pounds ($1.03 billion) as it looks to expand its presence in mental healthcare services. The COVID-19 pandemic has put an even larger spotlight on mental health as lockdowns take a toll on people’s wellbeing. With …
Australia’s Ramsay Health Care to buy mental healthcare group Elysium for $1 billion Read More »
