By James Davey LONDON (Reuters) -British shoppers faced renewed pressure on their budgets in October after grocery price inflation edged higher for the second month in a row, industry data showed on Tuesday. Market researcher Kantar said annual grocery price inflation was 2.3% in the four weeks to Nov. 3, having been 2.0% in the …
UK grocery inflation higher again as countdown to Christmas begins Read More »
By Chiara Holzhaeuser and Dave Graham ZURICH (Reuters) -Temenos, a Swiss banking software firm, on Tuesday trimmed its mid-term targets and presented a new plan to boost growth over the next four years by boosting its sales force and focusing on the U.S. market. CEO Jean-Pierre Brulard, who joined the company in May, said the …
Temenos counts on U.S. to outperform market mid-term Read More »
FRANKFURT (Reuters) -More European Central Bank interest rate cuts are coming and the deposit rate could hit the so-called neutral level in the first half of next year, Finnish central bank chief Olli Rehn said on Tuesday. The ECB has already cut rates three times this year as prices have fallen and further cuts at …
More ECB rate cuts coming but pace of easing uncertain, Rehn says Read More »
By Olena Harmash KYIV (Reuters) – Ukraine’s wartime government will boost domestic value-added production to reshape its commodities-driven economy, increase revenue, boost growth and return millions of Ukrainians home, the first deputy prime minister said. Yulia Svyrydenko, who is also the economy minister, told Reuters in an interview that the changes were needed for the …
Ukraine targets value-added production to reshape wartime economy Read More »
By Iain Withers LONDON (Reuters) -Britain’s abrdn is selling its Focus Solutions software business as the asset manager’s new CEO Jason Windsor looks to show he can deliver changes fast to improve its performance. Abrdn has agreed to sell the 100-person company, which it bought for 42 million pounds ($54 million) in 2011, to its …
Abrdn sheds software business as new CEO rings changes Read More »
By Ozan Ergenay and Tristan Veyet (Reuters) -German chemicals distributor Brenntag reported a nearly 5% drop in its quarterly core profit on Tuesday, missing market expectations, as it paid more to implement its digital transformation and growing volumes drove up transportation costs. Its shares, down by a third since the start of 2024, fell 9.7% …
Brenntag profit dragged by transport and digitalisation costs, shares slump Read More »
MADRID (Reuters) – Basque steel maker Sidenor has hired investment bank Alantra to buy up to a 29.9% stake in Spanish train maker Talgo, news website El Confidencial reported on Tuesday, citing several sources close to the matter. Sidenor would buy the stake from investment fund Trilantic, which owns 40.2% of Talgo, El Confidencial said. …
Spain’s Sidenor in talks with Trilantic to buy stake in Talgo, El Confidencial says Read More »
By Andres Gonzalez LONDON (Reuters) -Private equity firms expect an increase in deal activity in 2025, with 84% of the respondents of a survey expecting to execute at least 5 to 10 deals in 2025, according to a Deutsche Numis survey among private equity firms published on Tuesday. Last year, only 12% of the private …
Private equity firms’ confidence in UK dealmaking surges, survey shows Read More »
By Andy Bruce and David Milliken LONDON (Reuters) -British wage growth excluding bonuses fell in the third quarter to its lowest in over two years, official data showed on Tuesday, potentially boosting the Bank of England’s confidence that inflation pressures will continue to ease. Average weekly earnings, excluding bonuses, were 4.8% higher in the three …
UK regular pay grows at slowest pace in two years, pointing to lower inflation Read More »
By Lawrence White LONDON (Reuters) -Britain’s Financial Conduct Authority (FCA) has fined Metro Bank 16 million pounds ($20.51 million) for failings in its anti-money laundering controls, in the latest blow to the struggling mid-sized lender. The bank failed to have the right systems and controls to adequately monitor more than 60 million transactions, with avalue …
Britain’s watchdog fines Metro Bank $20 million for control failings Read More »
