By James Davey LONDON (Reuters) – Struggling British online fashion retailer Boohoo said its CEO John Lyttle would step down as the group announced a strategic review that could see it broken up. The company, which trades as boohoo, boohooMAN, PrettyLittleThing, Debenhams and Karen Millen, said on Friday that Lyttle, CEO for five years, had …
Boohoo CEO to step down as strategic review launched Read More »
By Suban Abdulla LONDON (Reuters) -British retail sales unexpectedly rose in September, according to official data published on Friday that contradicted signs that consumers were downbeat about possible tax rises ahead of the new government’s first budget later this month. Sales volumes increased by 0.3% in September, beating economists’ expectations for a monthly 0.3% fall. …
UK consumers defy their budget worries to shop more Read More »
By Sinead Cruise and Naomi Rovnick LONDON (Reuters) – Higher capital gains taxes (CGT) could give Britain’s risk-averse savers further cause to shun UK stocks, fund managers and advisers say, potentially damaging Britain’s economy more than a threatened exodus of tax-shy multi-millionaires. Speculation about Prime Minister Keir Starmer’s fiscal roadmap due on Oct. 30 has …
Analysis-Investor tax hikes may hurt UK plc more than the super-rich Read More »
(Reuters) – British American Tobacco said on Friday a plan has been filed in a Canadian court to potentially resolve and settle its Canadian subsidiary’s tobacco litigation in the country, more than five years after the unit filed for bankruptcy protection. BAT’s unit Imperial Tobacco Canada (ITCAN) has been under a court supervised mediation process …
BAT says close to settling Canadian tobacco litigation Read More »
By William Schomberg LONDON (Reuters) – Speculation is swirling about what new British finance minister Rachel Reeves might announce in her first tax and spending plan this month, but one thing she seems certain to say is that she is doing it for the “working people.” The term “working people” has been used repeatedly by …
The UK’s budget – it’s all about the ‘working people’ Read More »
GDANSK (Reuters) – CD Projekt’s chief strategy officer and former CEO Adam Kicinski will step down from the Polish video game maker’s management board at the end of 2024 and confirmed his plans to run for the supervisory board, the company said late on Thursday. “I believe that my 30 years’ worth of experience at …
CD Projekt’s former CEO Kicinski quits management board, to run for supervisory board Read More »
By Yoruk Bahceli and Naomi Rovnick (Reuters) – Traders raised their bets on quick-fire European Central Bank rate cuts on Thursday, taking the bank’s first consecutive rate cut in 13 years as a green light from policymakers that a speedier easing cycle has begun. A worsening economic outlook and signs that inflation is increasingly under …
Traders bet the ECB’s rate-cut floodgates are open Read More »
By Kevin Buckland A look at the day ahead in European and global markets from Kevin Buckland China is very much the center of attention today, following a barrage of data and remarks from its central bank chief, financial regulator and stats bureau. Unfortunately, though, none of it served to paint a clearer picture of …
MILAN (Reuters) – Italian start-up BeDimensional said on Friday it had secured financial support from the European Investment Bank (EIB) to boost its production capacity for graphene and other super-thin crystals. The European Union is looking at ways to reduce its reliance on imports of materials that are critical for the bloc’s energy transition. Graphene, …
Graphene maker BeDimensional gets EIB support to boost production Read More »
By Shivansh Tiwary (Reuters) – Republican U.S. presidential candidate Donald Trump said he received a call from Apple CEO Tim Cook over concerns about the financial penalties that have been imposed by the European Union on the iPhone maker. Apple did not respond to a request seeking confirmation of the authenticity of the phone call. …
Trump says Apple CEO Cook called him with concerns about EU penalties Read More »
