By David Milliken and Suban Abdulla LONDON (Reuters) -Britain’s economy returned to growth in January after entering a shallow recession in the second half of 2023, offering some relief to Prime Minister Rishi Sunak ahead of an election expected this year, official data showed. Gross domestic product grew by 0.2% month-on-month – boosted by a …
UK economy returns to modest growth at start of 2024 Read More »
By Romolo Tosiani (Reuters) -ERG on Wednesday posted a 39% rise in fourth-quarter adjusted core profit as the Italian energy group benefitted from the full contribution of new capacity installed in 2022 and 2023. Shares in ERG fell more than 8%, however, touching their lowest level in four months at the market opening, before paring …
Italian energy group ERG posts 39% jump in Q4 profit Read More »
By Harry Robertson LONDON (Reuters) – UK wage data did its best to pull sterling down from a seven-month peak on Tuesday but the economy is showing enough signs of improvement to persuade investors that the Bank of England will still have to keep interest rates higher for longer than its peers. Sterling dipped on …
UK economy may be turning from headwind into tailwind for sterling Read More »
BERLIN (Reuters) -Production started up again on Wednesday at Tesla’s European gigafactory in Gruenheide, Germany, local radio broadcaster rbb reported, after an arson attack on a nearby electricity pylon led to a costly week-long power outage at the plant. “The machines have been restarted in a controlled and safe manner so that the early shift …
Production up and running at Tesla’s factory in Germany, rbb reports Read More »
(Reuters) – Steelmaker ArcelorMittal said on Tuesday it will acquire an about 28.4% stake in Vallourec for around 955 million euros ($1.04 billion). ($1 = 0.9152 euros) (Reporting by Shivani Tanna in Bengaluru; Editing by Krishna Chandra Eluri)
By Chibuike Oguh NEW YORK (Reuters) -Shares of Arm Holdings, the British chip designer backed by Softbank Group, gained 2.1% to $129.50 on Tuesday as markets braced for increased trading activity following the expiration of the lockup period tied to its blockbuster initial public offering (IPO). Most market debuts include a lockup period of up …
Arm’s shares rise as Wall Street eyes IPO lock-up expiration Read More »
(Reuters) -John Barnett, a former Boeing employee who had reportedly raised concerns about the company’s production issues, was found dead of an apparent suicide, according to authorities in South Carolina. Barnett had worked at Boeing for 32 years before leaving the company in 2017, according to the BBC, which previously reported on his efforts to …
Boeing whistleblower found dead of apparent suicide Read More »
PARIS (Reuters) – The French economy will grow marginally less than expected this year on weaker consumer spending and investment, the central bank forecast on Tuesday, putting additional pressure on the strained public finances. The euro zone’s second-biggest economy is set to grow 0.8% this year, the Bank of France said in its quarterly outlook, …
By Foo Yun Chee BRUSSELS (Reuters) -Apple made a major concession in its battle to protect the dominance of its App Store on iPhones and other devices in Europe on Tuesday, saying developers will be free to distribute their apps directly to consumers. Apple announced the changes to comply with the European Union’s Digital Markets …
Apple retreats in fight to defend App Store in Europe Read More »
(Reuters) – UK’s Liontrust Asset Management said on Tuesday it was not in talks to buy smaller rival Artemis in response to a report about a potential takeover. Liontrust recently held early-stage discussions with Artemis about a potential tie-up, the Financial Times reported, citing three people familiar with the situation. Another source said talks were …
Liontrust Asset Management says it is not in talks to buy smaller rival Artemis Read More »
