(This Dec. 16 story has been corrected to fix the timing of Ferrari’s EV launch in paragraph 2) SANT’AGATA BOLOGNESE, Italy (Reuters) – Italy’s Lamborghini will always make cars in Italy as it plans to launch its first electric model only in 2029, amid a market for luxury sports cars which is not ripe for …
Lamborghini delays first EV launch to 2029 as market not ready Read More »
By Paul Sandle and Chandini Monnappa LONDON (Reuters) -Britain on Monday cleared Czech billionaire Daniel Kretinsky’s EP Group to buy Royal Mail in a 3.57 billion pound ($4.5 billion) deal, after securing commitments that the government said would protect one of the world’s oldest postal services. EP Group agreed to acquire Royal Mail parent International …
UK clears Czech billionaire Daniel Kretinsky to buy Royal Mail Read More »
(Reuters) -Britain’s Capita on Tuesday flagged a free cash outflow of 120 million pounds to 140 million pounds ($152 million-$178 million) in 2024 as the outsourcing firm’s exit from low-margin contracts dents revenue, sending its shares sharply lower. Shares in the FTSE Small Cap company fell as much as 11% to a more than four-month …
UK’s Capita flags up to 140 million pound cash outflow in 2024, shares fall Read More »
(Reuters) – British commercial property firm Land Securities (Landsec) on Tuesday said it acquired a 92% stake in shopping centre Liverpool ONE for 490 million pounds ($622.1 million), betting on retailers’ focus on “bigger and better” stores. “The top 1% of the UK’s shopping destinations provide brands with access to 30% of all in-store retail …
UK’s Land Securities acquires 92% stake in Liverpool ONE for $622 million Read More »
HELSINKI (Reuters) – Finnish ECB policymaker Olli Rehn said on Tuesday that euro area inflation is more clearly stabilising at the European Central Bank’s 2% target, and that this helps set the stage for further interest rate reduction. “The direction of our monetary policy is now clear,” ECB Governing Council member Rehn said in a …
ECB’s Rehn says speed, scale of rate cuts to be decided at each meeting Read More »
By William Schomberg and Suban Abdulla LONDON (Reuters) -British pay rose by more than expected in the three months to October, official data showed on Tuesday, prompting investors to further rein in bets on Bank of England interest rate cuts next year, despite warning signs of a slowdown in the economy. Average weekly earnings, excluding …
UK pay growth speeds up, adding to worries for Bank of England Read More »
ZURICH (Reuters) – The Swiss economy will grow by 1.5% next year, the government forecast on Tuesday, slightly revising down its outlook for one of Europe’s traditionally most resilient economies. This year, the economy is expected to grow 0.9%. Switzerland’s export-oriented economy had previously been forecast to grow by 1.2% this year and 1.6% next …
Swiss economy to grow 1.5% next year, government forecasts Read More »
By Kate Abnett BRUSSELS (Reuters) – The growth of solar power installations in Europe slumped to just 4% this year after years of double-digit increases, industry data showed on Tuesday, heightening concerns about the continent’s clean energy transition. The findings bode ill for the European Union’s plans to rapidly expand its use of renewable energy …
EU solar growth slows, raising fears for energy transition Read More »
A look at the day ahead in European and global markets from Ankur Banerjee Political upheaval is jolting governments from South Korea to Germany to Canada, but for now investors are keeping cool and Europe’s markets are set for a sedate open, waiting patiently for cues from this week’s slate of central bank meetings. The …
Morning bid: Investors look past politics to central bank moves Read More »
By Victoria Waldersee HANOVER, Germany (Reuters) -Volkswagen management and labour representatives negotiated late into the night on Monday in a last-ditch round of talks on cost cuts before Christmas, with unions saying it remained far from clear whether compromise would be reached. Talks ended after around 13 hours of negotiation in the early hours on …
VW talks drag into the night as union says outcome is ‘far from clear’ Read More »
