By Sruthi Shankar and Khushi Singh (Reuters) -British equities ended Friday mixed, as gains in non-life insurers stocks were offset by a sell-off in automobile and parts shares, while weaker-than-expected retail sales data further tempered expectations over the timeline for rate cuts. The FTSE 100 was flat, but marked its third weekly decline and the …
UK stocks log weekly losses, bleak retail sales data weighs Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) -European shares logged weekly declines on Friday, as investors tempered their expectations around major central banks reducing borrowing costs this year, with the focus now squarely on the European Central Bank’s next policy meeting. The pan-European STOXX 600 index ended 0.3% lower after rising as much as …
European shares clock weekly declines as rate-cut euphoria fades Read More »
LONDON (Reuters) – Kazakh carrier Air Astana confirmed its plan to float in London, aiming to raise fresh funds to help fuel its growth, and allowing its investors Kazakhstan’s sovereign wealth fund and British defence giant BAE Systems reduce their stakes. Air Astana said in a statement on Friday it expected its initial public offering …
Kazakh carrier Air Astana to float in London in February Read More »
By Ludwig Burger FRANKFURT (Reuters) -German chemicals giant BASF on Friday posted a 45% drop in 2023 operating earnings, worse than both the market and company anticipated, adding to the challenges the new CEO will face when he takes the reins in April. In October, BASF ramped up cost cuts in Europe and scaled back …
BASF earnings drop faster than expected ahead of CEO changeover Read More »
By Doyinsola Oladipo and Catarina Demony NEW YORK/MADRID (Reuters) – Some cruise operators have cancelled or adjusted their itineraries to avoid the Red Sea due to attacks on ships by Houthi militia, but the overall impact on the multi-billion dollar industry is not expected to be significant. The attacks by the Iran-backed militia in Yemen …
Royal Caribbean, MSC cancel cruises due to Red Sea attacks Read More »
(Reuters) -French shipping firm CMA CGM is set to buy British logistics firm Wincanton in a deal worth about $700 million that will take CMA CGM’s recent push in logistics to the UK supermarket sector. Through its CEVA Logistics unit, CMA CGM has made an all-cash offer for Wincanton of 450 pence-per-share offer, representing a …
CMA CGM to buy UK logistics firm Wincanton in grocery push Read More »
By Suban Abdulla and Andy Bruce LONDON (Reuters) – British retailers suffered the biggest drop in sales for almost three years during December, raising the risk that the economy entered recession late last year, official data showed on Friday. The Office for National Statistics said people doing their Christmas shopping earlier than usual – especially …
UK retail sales slump points to new risk of recession Read More »
MADRID (Reuters) – Global tourism is set to fully recover from the pandemic in 2024 as international tourist arrivals will likely be 2% more numerous than in 2019, the United Nations’ World Tourism Organisation said on Friday. Increased global air connectivity and a strong recovery of Asian markets will allow a full rebound of tourism …
United Nations sees international tourism fully recovering in 2024 Read More »
ZURICH (Reuters) – Further interest rate hikes from the Swiss National Bank are not needed given the bank’s latest inflation forecasts, SNB Chairman Thomas Jordan told Swiss newspaper Aargauer Zeitung in an interview. “We can currently see from the inflation forecast that further interest rate increases are not necessary to maintain price stability,” Jordan told …
Swiss central bank chief says further rate hikes not necessary – paper Read More »
LONDON (Reuters) -British meal delivery company Deliveroo said its 2023 earnings would be “slightly” ahead of the 60-80 million pounds ($76-101 million) it had guided, while the total value of orders on its platform had risen by 3%, in line with its forecasts. Founder and Chief Executive Will Shu said on Friday that the company …
Deliveroo sees 2023 earnings slightly ahead of guidance Read More »
