Reuters UK Business

BERLIN (Reuters) – Germany’s BDI industry association said on Tuesday that it expects the German economy to grow 0.3% in 2024 while forecasting that the global economy will expand by 2.9%. “The economy is at a standstill in Germany. Compared to most other major industrialised countries, our country is falling further behind,” said BDI president …

German industry association expects economy to barely grow in 2024 Read More »

FRANKFURT (Reuters) – Euro zone consumers have slashed their inflation expectations, a European Central Bank survey showed on Tuesday, in comforting news for the ECB’s efforts to contain prices. The Consumer Expectations Survey (CES) is used by policymakers to gauge whether households have faith in the ECB’s ability to hit its 2% inflation goal, which …

Euro zone consumers slash inflation expectations – ECB survey Read More »

MADRID (Reuters) – Shareholders in Heathrow, Britain’s largest air terminal, accounting for a combined 35% stake, intend to exercise ‘tag along’ rights to sell their shares alongside Ferrovial, the Spanish infrastructure operator said on Tuesday. Ferrovial, which is in the process of selling its 25% stake in Heathrow to private equity fund Ardian and Saudi …

Holders of 35% of Heathrow to divest along with Ferrovial Read More »

(Reuters) – London’s blue-chip FTSE 100 index hit a one-month low on Tuesday, hurt by risk-off moves in Asia and Europe as hawkish remarks from central bankers outweighed support from better-than-expected UK wages data. The FTSE 100 dropped 0.6% by 0812 GMT to its lowest level since Dec. 14, 2023. The domestically-focussed FTSE 250 index …

UK’s FTSE 100 hits one-month low as global sentiment sours Read More »

By William Schomberg and Sachin Ravikumar LONDON (Reuters) – British wages grew at the slowest pace in almost a year, according to official data published on Tuesday that added to signs of a gradual cooling of the inflationary pressure in the labour market that has worried the Bank of England. Growth in wages excluding bonuses …

UK wage growth slows again, offering some relief to BoE Read More »

By Harry Robertson LONDON (Reuters) -The pound fell on Tuesday after data showed that growth in British wages slowed in the three months through November, supporting the idea that the Bank of England will cut interest rates sharply this year. Sterling was last down 0.37% at $1.2679, having traded around 0.3% lower at $1.2683 before …

Sterling slips after UK wage growth slows sharply Read More »

PARIS (Reuters) -French shipping giant CMA CGM and French-Dutch carrier Air France-KLM on Tuesday said they would end their air cargo alliance due to regulatory constraints. The cargo partnership, struck in May 2022 in parallel to a deal that saw CMA CGM become a shareholder of Air France-KLM, was part of a push by Marseille-based …

CMA CGM, Air France-KLM scrap cargo tie-up due to regulatory snags Read More »