LONDON (Reuters) – The return of some warm weather in May helped drive sales growth at British supermarkets and they are set for a boost from the upcoming Euro 2024 soccer championship, according to industry data published on Friday. Market researcher NIQ said sales at UK supermarkets rose 3.3% in the four weeks ending May …
UK supermarket sales set for Euro 2024 fillip, says NIQ Read More »
FRANKFURT (Reuters) – Euro zone inflation rose in May, data showed on Friday, in a sign the European Central Bank still faces a slow and uncertain journey to rein in prices. The bigger-than-expected increase in inflation was unlikely to stop the ECB from lowering borrowing costs from a record high next week, but may cement …
Euro zone inflation rises just as ECB prepares to cut rates Read More »
PARIS (Reuters) – Airbus is facing new pressure on its near-term production ramp-up for passenger jets due to parts and labour shortages, industry sources said on Thursday. It was not immediately clear whether the slowdown would put at risk delivery targets for 2024 since deliveries lag output decisions by several months, but the sources said …
Airbus faces new output pressure amid parts shortages, sources say Read More »
ROME (Reuters) – Technology investments by larger Italian banks lag behind those of their European peers, the central bank said on Friday, urging lenders to step up spending to support innovation in their offer of financial services. Italian banks have increased their investments in innovative technology four-fold since 2017, but they remain limited, Bank of …
Italian banks must invest more in technology, central bank says Read More »
ROME (Reuters) – The European Central Bank is set to ease monetary policy over coming months if data confirms its forecasts, and even after several rate cuts its monetary stance would remain restrictive, governing council member Fabio Panetta said on Friday. Panetta, the governor of the Bank of Italy, delivered a dovish message at his …
Panetta says several ECB cuts would still leave policy restrictive Read More »
ZURICH (Reuters) – Shares in Swiss consumer goods company Nestle posted further gains on Friday morning after a rally a day earlier sparked by upbeat comments from CEO Mark Schneider. Shares in Nestle rose by as much as 2.1% after jumping by more than 3% on Thursday, when Schneider said during a fireside chat with …
Nestle shares post further gains after upbeat CEO comments Read More »
By James Davey LONDON (Reuters) – British sportswear retailer JD Sports Fashion on Friday reported a 6.4% drop in first quarter sales in its home market, blaming a volatile clothing market, sending its shares sharply lower. Shares in the FTSE 100 group, which sells Nike, Adidas, HOKA and other sports brands, were down 11% in …
JD Sports’ UK sales dip in volatile clothing market Read More »
(Reuters) – Flutter, the world’s largest online betting firm, named Rob Coldrake as its new group CFO on Friday and said current group finance head Paul Edgecliffe-Johnson would be stepping down from his role as group CFO and executive director. Earlier this month, the Irish-founded company moved its operational headquarters to New York, saying it …
Online betting firm Flutter names Rob Coldrake as new group CFO Read More »
ZURICH (Reuters) -Swiss jewellery and crystal homeware maker Lalique said on Friday it planned to delist from Switzerland’s SIX stock exchange, sending the company’s share price up by nearly a third. Majority shareholder Silvio Denz is making a tender offer to public shareholders of the firm, offering 40 Swiss francs ($44) in cash per Lalique …
Swiss luxury goods firm Lalique to delist, shares surge Read More »
LONDON (Reuters) – Incomes in Britain grew at half the pace of those in the U.S. and lagged even further behind those in Germany over the 12 years to 2019, a period covering much of the ruling Conservative Party’s time in power, researchers said on Friday. With campaigning for a July 4 election focusing largely …
UK income growth lagged peers in period dominated by Conservatives, think tank says Read More »
