LONDON (Reuters) – Britain will shake up its procurement rules to block contractors with a poor record and enable small and medium sized companies to win work instead, the Cabinet Office said on Monday. With about 300 billion pounds ($398 billion) spent every year on public projects, the government said the new system would place …
UK to block poor-performing companies from winning public work Read More »
LONDON (Reuters) -Speculation that the European Commission is set to propose stricter labour rules to regulate the gig economy have sent shares of companies in the sector sharply lower again on Monday building on losses from last week. Investors fear the business models of these companies might be jeopardized should the EU’s executive arm require …
Gig economy stocks plunge amid EU regulatory crackdown fears Read More »
By Michael Nienaber BERLIN (Reuters) -Weaker demand from abroad drove a much bigger than expected drop in German industrial orders, including cars, in October, data showed on Monday, further clouding the growth outlook for manufacturers in Europe’s largest economy. A pandemic-related scarcity of microchips and other electronic components has caused massive supply bottlenecks and production …
Weaker foreign demand sinks German industrial orders in October Read More »
BRUSSELS (Reuters) – EU antitrust regulators have temporarily halted their investigation into Nvidia’s bid for British chip designer ARM, the largest ever chip deal, as they await more information, according to a European Commission filing. The European Commission stopped the clock on its previous deadline on Nov. 25. Such delays have been common since the …
EU regulators pause investigation into Nvidia, ARM deal Read More »
PARIS (Reuters) -Orange, France’s largest telecoms operator, and Britain’s Vodafone discussed a merger of equals between mid-2020 and early 2021 but then abandoned the project due to French opposition, BFM TV reported, quoting sources. The French state, which owns 23% of Orange, was wary of losing some control and seeing the headquarters of the new …
Orange, Vodafone discussed but abandoned merger idea last year, BFM TV says Read More »
LONDON (Reuters) -Growth in Britain’s construction industry hit a four-month high in November, as supply-chain difficulties appeared to have passed their peak and a rise in commercial property work offset a slowdown in house-building, a survey showed on Monday. The monthly purchasing managers’ data also showed an easing in inflation pressures to their lowest since …
UK construction recovers as supply chain pressures ease Read More »
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 »
