By Shubham Batra and Sruthi Shankar (Reuters) – UK’s FTSE 100 rebounded on Thursday after a weak start to the new year as Next shares touched a record high after the clothing retailer upgraded its earnings outlook and helped outweigh a slump in JD Sports following its profit warning. The blue-chip FTSE 100 rose 0.5% …
FTSE 100 rebounds as Next outweighs slump in JD Sports Read More »
By Eva Mathews (Reuters) -Nearly 2 billion pounds was wiped off JD Sports Fashion’s market value on Thursday, after the British sportswear giant warned on annual profit, citing tepid consumer spending that bruised peak season sales and led to heavy discounting. The retailer, which sells Nike, Adidas and other sports fashion ranges, said softer demand …
JD Sports’ profit warning highlights consumer spending woes, shares take a hit Read More »
By Maria Martinez BERLIN (Reuters) – Inflation rose in six economically important German states in December, preliminary data showed on Thursday, suggesting a bumpy road ahead for German inflation. The inflation rate in North Rhine-Westphalia, Germany’s most populous state, rose to 3.5% in December from 3.0% in the previous month. In Bavaria, the inflation rate …
Inflation up in German states, pointing to national rise Read More »
By Indradip Ghosh BENGALURU (Reuters) – The contraction in euro zone business activity continued at the end of 2023 due to a persistent downturn in the dominant services industry, a survey showed on Thursday, indicating the bloc’s economy was in recession. HCOB’s Composite Purchasing Managers’ Index (PMI), compiled by S&P Global and seen as a …
Euro zone business activity shrank again in Dec, pointing to recession -PMI Read More »
By James Davey LONDON (Reuters) -British clothing retailer Next on Thursday raised its profit forecast for the year to end-January 2024 for the fifth time in eight months as it reported a better-than-expected rise in Christmas sales. The group, which trades from about 460 stores in the UK and Ireland and has an online presence …
UK clothing retailer Next ups profit outlook again on strong Christmas Read More »
PARIS (Reuters) – French December consumer prices rose in line with expectations, preliminary data from the national statistics body showed on Thursday, due to the increase in energy and services prices over the year. The preliminary figures from INSEE showed EU-harmonised yearly inflation stood at 4.1%, up from 3.9% in November. A Reuters poll had …
At 4.1%, French inflation rises as expected in December Read More »
A look at the day ahead in European and global markets from Kevin Buckland Global stocks extended 2024’s weak start into Thursday, exacerbated by Japan’s return from an extended New Year holiday. Equity investors there not only got their first chance to react to the global selloff, but to the massive quake that ravaged Ishikawa …
Marketmind: No let up in sombre New Year market mood Read More »
By Curtis Williams HOUSTON (Reuters) – Shell PLC has joined BP PLC in its battle against Venture Global LNG, accusing the liquefied natural gas (LNG) producer of denying it and other customers access to supplies while exporting more than $18 billion worth of the superchilled gas, according to a filing with U.S. regulators. Venture Global’s …
Shell backs BP in fight over Venture Global LNG exports Read More »
MADRID (Reuters) – Spanish telecoms group Telefonica said on Wednesday it had reached a deal with unions to lay off up to 3,421 employees in Spain in a plan it estimates will cost around 1.3 billion euros before taxes as it seeks to reduce costs. In a statement to the stock regulator, Telefonica said the …
Telefonica to spend 1.3 billion euros in layoff plan in Spain Read More »
PARIS (Reuters) -A consortium led by Czech billionaire Daniel Kretinsky will own and control 53.7% of French retailer Casino’s share capital once a restructuring plan is completed, Casino said on Wednesday. Current shareholders will be massively diluted to around 0.3% of the share capital, it added. The statement also cited a report by independent expert …
Kretinsky-led consortium set to own 53.7% of retailer Casino’s capital Read More »
