Reuters UK Business

(Reuters) – Frasers, the largest shareholder in Boohoo, said on Thursday its two nominees for the board of the online fashion retailer would sign up to all protocols to address any governance concerns, if they were to be elected. Frasers has sought board representation for Mike Ashley, who majority owns the British sportswear and fashion …

Frasers says its Boohoo board nominees will not create any governance concerns Read More »

FRANKFURT (Reuters) – The European Central Bank cut its economic growth expectations for the euro zone once more on Thursday and confirmed it expects inflation to stabilise at its 2% target. Having seemingly tamed once runaway prices, the ECB has been steadily cutting interest rates for six months to support sluggish economic activity in many …

ECB cuts growth forecasts again, sees inflation settling at 2% Read More »

LONDON (Reuters) – British shoppers face renewed pressure next year with food prices set to rise by up to 4.9%, mainly driven by higher costs for businesses caused by measures in the government’s budget, a prominent grocery industry researcher said on Thursday. The Institute of Grocery Distribution (IGD) forecast 2025 food inflation in a range …

UK food inflation could hit nearly 5% in 2025, says industry researcher Read More »

LONDON (Reuters) – The euro fell marginally on Thursday, while shares pared earlier losses after the European Central Bank cut interest rates by 25 basis points to 3%, as expected. The euro wavered, but was last down 0.1% at $1.0485, having traded around $1.049 before the decision. Europe’s continent-wide STOXX 600 share index was last …

Euro dips slightly after ECB cuts rates by 25 basis points Read More »

FRANKFURT, Dec 12 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the …

TEXT-Statement from the ECB following policy meeting Read More »

By Ron Bousso LONDON (Reuters) – Shell will host an investor day earlier than expected next March where CEO Wael Sawan will present his longer-term vision following months of cost cuts, the company told Reuters on Thursday. The capital markets day will be held in New York on March 25. It comes earlier than previous …

Shell to hold investor day in March, earlier than expected Read More »

BERN (Reuters) – The Swiss National Bank could still take interest rates into negative territory, Chairman Martin Schlegel, although the likelihood of such a move has reduced after the central bank’s latest cut in borrowing costs. “At the current juncture we cannot exclude negative interests rates in the future,” Schlegel told reporters. “Now with these …

SNB says likelihood of negative interest rates has come down Read More »

By Samuel Indyk LONDON (Reuters) – The British pound was steady against the euro and the dollar on Thursday, with currency investors sitting tight before key central bank decisions. The European Central Bank announces its policy decision later in the day, while the Bank of England and Federal Reserve are scheduled to announce their last …

Sterling steady against euro and dollar Read More »