PARIS (Reuters) – French carmaker Renault said on Monday it had revised down its forecast for engineering and support jobs cuts in France between 2022 and 2024 to 1,700 from the 2,000 job losses previously expected. Renault, 15% owned by the French government, said in September it would start talks with unions on plans to …
Renault to cut fewer jobs than initially planned by 2024 Read More »
LONDON (Reuters) – Britain still has an acute shortage of heavy goods vehicle (HGV) drivers but the rate at which people are leaving the sector is at least slowing, an industry group said on Monday. Logistics UK, which represents freight and haulage businesses, estimates the country lacks around 120,000 drivers, shortages that have disrupted supply …
Britain sees ‘green shoots’ of recovery from trucker crisis Read More »
By Shadia Nasralla and Ron Bousso LONDON (Reuters) – Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising Cambo oil development to another private equity-backed company, NEO, sources told Reuters. But on Thursday Royal Dutch Shell, Siccar Point’s partner …
Analysis: UK North Sea’s oil and gas future darkens after Shell’s Cambo exit Read More »
LONDON (Reuters) -British new car registrations last month were 1.7% higher than a year earlier but almost a third below their average pre-pandemic level due to ongoing computer chip shortages, industry data showed on Monday. The Society of Motor Manufacturers and Traders (SMMT) said 115,706 new cars were registered in November, up from 113,781 in …
UK new car sales edge up in November, but chip shortages weigh Read More »
(Reuters) – British soft drinks maker A.G. Barr said on Monday it bought a 60% stake in porridge and oat milk maker MOMA Foods as it forays into the fast-growing plant-based milk sector. Best known for fizzy drink Irn-Bru, A.G. Barr said it had agreed to assume full ownership of MOMA Foods over the next …
AG Barr bets on plant-based milk with majority stake in MOMA Foods Read More »
(Reuters) -British sub-prime lender Amigo said on Monday it plans to contribute 97 million pounds ($128.32 million) under a new business rescue proposal, revised up from 35 million pounds that it had previously estimated. The lender laid out two different options — one dependent on the restart of lending operations as well as securing money …
Lender Amigo plans new $128 million rescue proposal, shares fall Read More »
(Reuters) -British fashion chain Ted Baker on Monday said Chairman John Barton had died, and senior independent director Helena Feltham would take on the role of interim chairman with immediate effect. In a brief statement, the London-listed retailer did not specify the cause of Barton’s death, but said it was sudden. Barton, 77, joined Ted …
UK fashion chain Ted Baker Chairman John Barton dies at 77 Read More »
(Reuters) – London Stock Exchange Group plc said on Monday it had acquired Quantile Group Limited to expand its range of Post Trade risk management solutions. Quantile is a provider of portfolio, margin and capital optimisation services. LSEG has agreed to pay up to £274 million ($362 million) to Quantile’s shareholders. LSEG owns finanical data …
ZURICH (Reuters) – UBS Switzerland, the domestic arm of UBS Group, will propose the election of Markus Ronner as chairman and Barbara Lambert as a new independent member of the board of directors at its annual meeting in April 2022, the companies said on Monday. Ronner will succeed Lukas Gähwiler, who has been nominated as …
UBS Swiss arm proposes veteran Ronner as chairman Read More »
LONDON (Reuters) – Britain’s economy looks set to grow more slowly than previously thought this year and in 2023 due to global supply chain problems and the government must encourage longer-term business investment, an employers group said on Monday. The Confederation of British Industry cut its forecasts for economic growth to 6.9% in 2021 and …
CBI cuts UK economic growth forecasts on supply chain hit Read More »
