By David Milliken (Reuters) -The Bank of England needs to cut interest rates further as its policy stance is still very restrictive and is hurting living standards, business investment and potentially longer-term productivity, policymaker Swati Dhingra said on Friday. “A combination of all of those factors – the weak consumption, the weak investment and possible …
Bank of England’s Dhingra calls for more interest rate cuts Read More »
By Robert Harvey, Marek Strzelecki and Anna Hirtenstein LONDON (Reuters) – European energy firm Varo Energy is in talks to acquire Preem’s two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry sources told Reuters. Varo has been expanding fast in Europe’s refining and fuel trading in recent years. The company …
Exclusive-Varo Energy in talks to buy Preem’s Swedish refineries, sources say Read More »
By Gianluca Lo Nostro, Leo Marchandon and Florence Loeve (Reuters) – Vivendi will seek shareholder approval on Monday for a proposed break-up of the French media conglomerate, facing opposition from an activist investor who says the deal only benefits its top shareholder, the Bollore group. The group led by Yannick Bollore is backing a proposal …
Investors set to vote on Vivendi’s breakup gamble Read More »
By Gwladys Fouche OSLO (Reuters) -Norway’s $1.8 trillion sovereign wealth fund, the world’s largest, can start selling stocks it holds in Russian companies, as long as it complies with international sanctions, the deputy finance minister told Reuters on Friday. “Permission to sell the fund’s Russian stocks is given on the condition that the sale can …
Norway’s wealth fund can start selling Russian stocks, finance ministry says Read More »
FRANKFURT (Reuters) – Euro zone productivity growth remained weak in the third quarter despite a modest expansion in the bloc’s economy, continuing a poor run that has lasted years, data from Eurostat showed on Friday. Per capita productivity was unchanged compared to the same quarter a year earlier while it expanded by 0.5% based on …
Euro zone productivity growth remains weak in Q3, data shows Read More »
By Stefano Rebaudo (Reuters) – French debt risk premiums versus safe-haven German Bunds fell on Friday, after French President Emmanuel Macron said he would appoint a new prime minister in the coming days and his top priority would be getting a 2025 budget adopted by parliament. Meanwhile, hopes for joint funding at the European Union …
French debt risk premium drops as Macron says he will appoint new prime minister Read More »
LONDON (Reuters) -British house prices jumped in November by much more than expected, adding to signs of a strengthening property market mortgage lender Halifax said on Friday, but it warned that affordability challenges for buyers remain. House prices rose by 1.3% in monthly terms in November after an upwardly revised 0.4% increase in October to …
UK house prices surge in November as market gains steam, Halifax says Read More »
(Reuters) – Shares in Puig dropped sharply in early Friday trade after the luxury beauty and fashion company said its Charlotte Tilbury brand was voluntarily withdrawing select batches of its make-up setting spray. Puig, which listed in Madrid in May, said on Thursday the withdrawal was expected to impact performance of its makeup segment, but …
Puig shares drop after withdrawal of some batches of Charlotte Tilbury spray Read More »
(Reuters) -Embattled Swiss solar panel maker Meyer Burger said on Friday it had secured nearly $40 million in bridge financing to stabilise its business after its largest customer, DESRI, revealed last month it was pulling out. Meyer Burger said in November its future looked uncertain after DESRI’s move was announced, which came on the heels …
Meyer Burger secures $40 million bridge loan after top client’s exit Read More »
BERLIN (Reuters) – German construction companies expect to see sales slump for a fifth year running in 2025 but there is some relief on the horizon, the ZDB industry association said on Friday. “Companies are no longer looking deeper into the valley of the crisis, but are increasingly orientating themselves along the bottom of the …
Slowdown in German construction reaching ‘bottom of trough’, industry group says Read More »
