LONDON (Reuters) -British digital bank Monzo has completed a fresh funding round valuing the company at $4.5 billion, in a vote of confidence from investors in the loss-making lender. The high-profile neobank, founded in 2015, has received the funding from investors in a round led by Abu Dhabi Growth Fund, a spokesperson for the bank …
Monzo valuation jumps to $4.5 billion after fresh funding round Read More »
By Sruthi Shankar and Susan Mathew (Reuters) -European stocks ended a volatile session lower on Wednesday after marking their strongest two-day gain in more than a year, with tech and luxury stocks reversing strong gains as investors pitted vaccine reassurances against COVID-19 curbs. After jumping 3.8% over the past two days, the region-wide STOXX 600 …
European shares end lower as tech, luxury stocks lose ground Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Britain’s Dyson, which makes bagless vacuum cleaners, on Wednesday lost its fight for 176 million euros ($198.4 million)in compensation from the European Commission for alleged losses due to EU energy labelling rules. Dyson had challenged the rules introduced by the EU executive in 2014, saying the labelling requirements on …
Dyson loses fight for $198 million compensation over EU energy labelling rules Read More »
By Nick Carey LONDON (Reuters) -French carmaker Renault on Wednesday received a blow for its popular Zoe electric model, as the European New Car Assessment Programme (NCAP) gave it a zero-star safety rating in tests that are standards for Europe. The carmaker, which is cutting costs and working to turn around its performance after overstretching …
Renault Zoe goes from hero to zero in European safety agency rating Read More »
LONDON (Reuters) – British trade union Unite said on Wednesday that pre-Christmas strike action by workers at four Tesco distribution centres had been suspended after an improved pay offer. Unite said it was recommending its members accept the supermarket group’s offer of a minimum of a 5.5% pay increase backdated to July 2021 and an …
British union Unite suspends Tesco strikes after new pay offer Read More »
BERLIN (Reuters) – German meal-kit operator HelloFresh plans to double its investments in production capacity, infrastructure and product development to about 450 – 550 million euros ($508.73 million to $621.78 million) in the coming year. Speaking at HelloFresh’s Capital Markets Day on Wednesday, CEO Dominik Richter said the company was responding to changes in consumer …
HelloFresh to double investments in 2022 as stock dives Read More »
(Reuters) – British travel and leisure stocks fell on Wednesday after media reports that the country could impose tougher COVID-19 rules as early as Thursday in an attempt to curb the spread of the Omicron variant of the coronavirus. The UK travel and leisure index declined as much as 1.5%. It later pared losses to …
UK travel, leisure stocks slip on reports of tougher COVID-19 curbs Read More »
By Jane Lanhee Lee (Reuters) – Synthesia, a London-based artificial intelligence startup that creates video avatars of real people, said on Wednesday it raised $50 million from Silicon Valley venture capital firm Kleiner Perkins and GV, formerly known as Google Ventures, and other investors. An increasing number of startups are creating such synthetic media and …
AI video avatar platform Synthesia raises $50 million in venture capital Read More »
PARIS (Reuters) – Shipping group CMA CGM has agreed to acquire most of Ingram Micro’s Commerce & Lifecycle Services (CLS) activities in a deal worth $3 billion aimed at accelerating CMA CGM’s push into end-to-end logistics, the French group said on Wednesday. CMA CGM, one of the world’s largest container shipping lines, will finance the …
CMA CGM to buy part of Ingram Micro in $3 billion logistics deal Read More »
LONDON (Reuters) – Climate activists, including a former oil refinery worker, accused the UK government in the high court on Wednesday of illegally subsidising fossil fuel producers through tax incentives which undermine its climate goals. Climate activists are increasingly turning to the courts to force a reduction of oil and gas production and deter investment …
UK court hears climate case against tax regime for oil companies Read More »
