PARIS (Reuters) – The French economy is set to grow a bit less than 0.75% in the final quarter of this year as firms grapple with an increasingly uncertain health situation, the central bank said on Tuesday. With France now in its fifth wave of COVID-19 outbreaks, the outlook was marginally less optimistic than last …
French economy set for fourth quarter growth slightly below 0.75% – central bank Read More »
LONDON (Reuters) -Shares in Tesco rose on Tuesday after industry data showed Britain’s biggest retailer had gained its highest market share since February 2019, though the threat of pre-Christmas strikes has escalated. The stock closed up 1.3%, extending 2021 gains to 23%, after market researcher Kantar showed Tesco significantly outperformed its main rivals – Sainsbury’s, …
Britain’s Tesco outperforming rivals, but strike threat grows Read More »
By Kirstin Ridley LONDON (Reuters) -Tom Hayes, the British trader who became the face of the global Libor interest rate scandal, has been blocked from referring his conviction back to the Court of Appeal in a provisional decision by the Criminal Cases Review Commission (CCRC). The former star UBS and Citigroup trader, who was released …
Ex-Libor trader Tom Hayes’s attempt to appeal conviction provisionally blocked Read More »
By Marwa Rashad LONDON (Reuters) -Friends of the Earth said a legal challenge to the British government which seeks to block a $1.15 billion financing for a Liquefied Natural Gas (LNG) project in Mozambique will be heard in the High Court on Tuesday. UK Export Finance (UKEF) has committed to provide up to $1.15 billion …
Friends of the Earth sues Britain over Mozambique LNG project Read More »
By Anisha Sircar and Susan Mathew (Reuters) -European stocks jumped 2.5% on Tuesday, boosted by a strong rebound in technology shares as worries somewhat eased over the Omicron coronavirus variant, while German shares surged close to 3% led by automakers. The continent-wide STOXX 600 index logged its best session since last November, bouncing back to …
Tech, auto help European shares to best gains in over a year Read More »
By John Revill ZURICH (Reuters) -ABB unveiled higher sales and profitability targets on Tuesday as the Swiss engineering company expects to benefit from higher demand from rebounding economies and trends such as decarbonisation and shrinking workforces. The maker of industrial automation and factory robots expects annual sales to increase in a range between 4% and …
By Bansari Mayur Kamdar (Reuters) -UK’s FTSE 100 rose to a three-week highs on Tuesday, boosted by mining stocks and positive earnings outlooks, with global markets taking relief from receding concerns about the Omicron variant of the coronavirus. The commodity-heavy FTSE 100 ended 1.5% higher with base metal miners leading gains as copper prices were …
Strong earnings forecasts, miners lift FTSE 100 to 3-week highs Read More »
(Reuters) – Irish building materials firm CRH Plc is planning a $3 billion sale of Oldcastle Building Envelope, its U.S.-based unit that makes glass building products, Bloomberg reported on Tuesday, citing unnamed sources. The Dublin-based company is working with advisers and has recently started reaching out to potential buyers for the sale of the unit, …
By William Schomberg LONDON (Reuters) – The Bank of England may hold off again next week on becoming the world’s first big central bank to raise interest rates from their pandemic lows, due to the emergence of the Omicron variant of the coronavirus. The BoE wrong-footed many investors a month ago when it kept Bank …
BoE rate hike plan up in the air again due to Omicron risks Read More »
By Giulio Piovaccari and Nick Carey MILAN (Reuters) – Automaker Stellantis rolled out its software strategy on Tuesday including a 2030 target of 20 billion euros ($22.54 billion) in annual revenue from related products and subscriptions as it takes aim at rival Tesla. CEO Carlos Tavares said the world’s fourth largest carmaker expected to have …
Stellantis looks to revenue-generating software for its cars Read More »
