LONDON (Reuters) – British companies’ expectations for selling prices and wage increases in the year ahead cooled in March, adding to signs of easing inflation pressure, a Bank of England survey showed on Thursday. Wage growth expectations for the coming 12 months fell to 4.9% on a three-month moving average basis from 5.2% in February, …
Wage and price expectations cool in UK companies, BoE survey shows Read More »
By John Revill ZURICH (Reuters) -Swiss inflation eased to its lowest level in two-and-a-half years in March, pushing the Swiss franc lower on market expectations that the reading almost guarantees another interest rate cut by the country’s central bank. Consumer prices rose by 1% from March 2023, data from the Federal Statistics Office showed on …
Tame Swiss inflation opens door for more SNB rate cuts, weighs on franc Read More »
By David Milliken LONDON (Reuters) – Britain’s economy looks on track to exit recession when official first-quarter growth data is next published, despite a slowdown in services activity last month, a closely watched business survey showed on Thursday. The S&P Global Composite Purchasing Managers’ Index – which covers private-sector services and manufacturing firms – edged …
UK on track to exit recession despite slower services growth, PMI data shows Read More »
MILAN (Reuters) – French luxury group Kering said on Thursday it acquired an 18th century building in via Montenapoleone, the heart of Milan’s most exclusive shopping area, for 1.3 billion euros ($1.4 billion), from Blackstone Property Partners Europe. Kering’s deal is the latest in a series of acquisitions of buildings in top fashion locations by …
Kering buys building in Milan’s via Montenapoleone for $1.4 billion Read More »
PARIS (Reuters) – Activity in France’s services sector slowed in March, although the contraction was not as bad as first estimated, as sluggish demand hit business in the euro zone’s second-biggest economy, a monthly survey showed on Thursday. The HCOB final purchasing managers index (PMI) for the French services sector, compiled by S&P Global, edged …
French services sector contracted slowly in March, PMI shows Read More »
COPENHAGEN (Reuters) -Volvo Cars sold a record number of cars in March, boosted by the launch of its fully electric small SUV, the Swedish company said on Thursday, sending its shares up 4% in early trade. Sales for March rose by 25% from a year earlier to 78,970 vehicles, the highest number Volvo Cars has …
Volvo Cars posts record March sales, lifted by small electric SUV Read More »
MILAN (Reuters) – Former Gucci chief executive Marco Bizzarri said on Thursday he would invest in Italian fashion brand Elisabetta Franchi, taking a stake up to 23% of the company. Bizzarri will be appointed chairman of the group, which has said it expects to report revenues of 170 million euros ($184.48 million) in 2023, with …
Former Gucci CEO to take minority stake in Elisabetta Franchi Read More »
By Stephen Nellis (Reuters) – Microsoft and Quantinuum on Wednesday said they have achieved a key step in making quantum computers a commercial reality by making them more reliable. The move is the latest in a race to perfect quantum computing in which tech firms such as Microsoft, Alphabet’s Google and IBM are jostling with …
Microsoft, Quantinuum claim breakthrough in quantum computing Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Amazon, Alphabet’s Google and Microsoft may find it easier to bid for EU cloud computing contracts after draft cybersecurity labelling rules scrapped a requirement that vendors should be independent from non-EU laws, according to the document seen by Reuters. The European Union has struggled to agree to a …
EU drops sovereignty requirements in cybersecurity certification scheme, document shows Read More »
By Dawn Chmielewski, Lisa Richwine and Svea Herbst-Bayliss LOS ANGELES (Reuters) – Walt Disney shareholders backed Chief Executive Bob Iger and other company directors on Wednesday, defeating a campaign by activist investors who argued the storied entertainment giant had underperformed in the streaming-television era.The vote to re-elect all 12 of Disney’s current board members, announced …
Disney prevails over Peltz, ending bitter board battle Read More »
