(Reuters) -Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of October: BANKS * SANTANDER: The Spanish bank said in October it would cut more than 1,400 jobs in its British business. * …
Factbox-European companies cut jobs as economy sputters Read More »
By Sarah Young and Paul Sandle LONDON (Reuters) -Water bills in England and Wales are set to rise by just over a third in the next five years to help tackle sewage spills, after the regulator said it would allow a bigger increase than it previously flagged – though still less than companies wanted. The …
Water bills in England and Wales set to rise a third to fix broken sector Read More »
LONDON (Reuters) – IAG-owned British Airways has had to make additional changes to its schedules over engine issues, it told Reuters on Thursday after several media outlets reported that it has cancelled summer flights from London’s Heathrow to Abu Dhabi. The airline had already cut long-haul flights this year because of delays in the delivery …
British Airways makes additional schedule changes over engine issues Read More »
By Alun John, Naomi Rovnick and Samuel Indyk LONDON (Reuters) – The Bank of England wrapped up a big year of central bank rate cuts by keeping rates steady on Thursday, a day after the Federal Reserve eased policy but suggested it would be more cautious in 2025. Seven of the world’s 10 major, developed-market …
Big year of central bank easing wraps up with dovish BoE, Fed caution Read More »
By Vladimir Soldatkin and Alexander Marrow MOSCOW (Reuters) -Russian President Vladimir Putin on Thursday accused Alphabet’s Google of being a tool used by the U.S. government to score political points and blamed YouTube for slowing speeds on the video hosting platform in Russia. Google, along with other foreign tech firms, has been under pressure in …
Putin says Google is a tool used by the United States Read More »
LONDON (Reuters) – The Bank of England kept its main interest rate unchanged at 4.75% on Thursday but policymakers became more divided about whether rate cuts were needed to tackle a slowing economy. Three of the BoE’s nine-person Monetary Policy Committee voted for a quarter-point rate cut instead, much higher than the one member economists …
Instant view: BoE keeps rates on hold but policymakers more divided Read More »
By Amir Orusov (Reuters) -German perfume and cosmetics retailer Douglas forecast higher 2025 sales and earnings on Thursday, citing a good start to the financial year that included the crucial pre-Christmas period. The first quarter is a peak season for Douglas, which sells beauty products from brands like Chanel and Dior, given a number of …
Cosmetics retailer Douglas sees sales, earnings growth in 2025 Read More »
LONDON (Reuters) – The pound slipped on Thursday after the Bank of England held interest rates but three policymakers voted to lower borrowing costs, denting a rebound against the dollar as markets swung in the wake of the Federal Reserve’s decision on Wednesday. Britain’s 10-year government bond yield fell and was last up 1 basis …
Pound and bond yields dip after BoE holds rates but three officials dissent Read More »
By Jan Lopatka PRAGUE (Reuters) – Czechoslovak Group (CSG) will seek higher military sales at U.S. small-calibre ammunition maker Kinetic after completing a $2.2 billion takeover last month, a board member told Reuters. CSG, owned by Czech billionaire Michal Strnad, has grown fast as militaries in NATO countries, Ukraine and elsewhere buy more artillery ammunition, …
Czech arms group CSG plans to boost Kinetic’s military ammo sales Read More »
By Simon Johnson STOCKHOLM (Reuters) -Sweden’s central bank cut its key interest rate by quarter of a percentage point to 2.50% as expected on Thursday, but said that after easing policy five times this year, it saw reasons to be more cautious as it enters 2025. The Swedish economy has been treading water for the …
Swedish central bank cuts policy rate, cautious on easing in 2025 Read More »
