(Reuters) -British recruiter Hays said it would make further cost cuts after reporting a 47% drop in annual profit on Thursday due to the slowdown in the jobs market as economic and political uncertainty weighed on decision making. Shares in the FTSE mid-cap recruiter initially dropped but by 0834 GMT were up 1.4% as the …
UK recruiter Hays cutting more costs as profit drops on hiring slowdown Read More »
FRANKFURT (Reuters) – Austrian advocacy group NOYB has filed two complaints with the EU privacy watchdog against the European Parliament, accusing it of inadequately protecting employees’ personal data, the group said on Thursday. The group led by privacy activist Max Schrems said it was filing the complaints on behalf of four employees in response to …
Data privacy advocates file complaints against EU Parliament Read More »
By Andy Bruce (Reuters) – British business activity accelerated this month and cost pressures eased to their weakest in over three years, according to a survey on Thursday that signalled steady growth momentum going into the second half of 2024. The preliminary “flash” estimate of the UK S&P Global Composite Purchasing Managers’ Index rose in …
Upswing in UK business activity gathers pace in August, PMI shows Read More »
BERLIN (Reuters) – Germany’s state-owned Deutsche Bahn will no longer be able to financially support its loss-making freight operator DB Cargo as the result of an investigation by EU competition regulators, according to German government and supervisory board sources. The European Union opened an investigation into whether German support for DB Cargo could have given …
Germany’s Deutsche Bahn must cut off DB Cargo aid after EU probe, say sources Read More »
FRANKFURT (Reuters) -Deutsche Bank said on Wednesday that it had reached settlements with a number of plaintiffs who sued the lender for underpaying them for the acquisition of Postbank years ago. The development goes some way in helping Germany’s largest lender move beyond the years-long litigation that has cast a shadow over the bank. Deutsche …
Deutsche Bank makes settlements in Postbank acquisition lawsuits Read More »
WARSAW (Reuters) – Orlen’s Czech unit Unipetrol is shutting down production in its Litvinov refinery after an unexploded World War Two bomb was found in a remote part of the chemical complex in Zaluzi, the Czech company said on Wednesday. “After consultation with the Police of the Czech Republic, for precautionary reasons, we have started …
WARSAW (Reuters) -Polish oil refiner Orlen swung to a loss of 40 million zlotys ($10.42 million) in the second quarter from a net profit of 6.1 billion zlotys a year earlier due to tax payments on windfall profits and lower gas prices, the state-controlled company said on Wednesday. Orlen said its second-quarter earnings before depreciation …
Polish refiner Orlen swings to loss in Q2 on tax payments, lower gas prices Read More »
By Huw Jones LONDON (Reuters) – Some of Britain’s car, home and other insurers are still unable to show they provide good outcomes for consumers, the country’s financial watchdog said on Wednesday, a year after the introduction of tougher protections for policyholders. The Financial Conduct Authority (FCA) published a ‘thematic review’ of the general insurance …
Britain’s insurers told to demonstrate better value for customers Read More »
By Martin Coulter (Reuters) -Britain’s competition watchdog has closed its existing investigations into Apple and Google’s respective app stores, awaiting new laws governing digital markets. The tech giants have faced scrutiny around the world over the dominance of their respective App Store and Google Play store platforms, which critics say impose unfair charges on app …
UK watchdog shuts down probes into Apple and Google app stores Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will cut interest rates just once more this year, in November, a majority of economists said in a Reuters poll, as British inflation is expected to stay above target. At the August meeting, the Monetary Policy Committee trimmed Bank Rate to 5.00% from a 16-year …
Bank of England to deliver one more rate cut this year, economists say: Reuters poll Read More »
