Reuters UK Business

MOSCOW (Reuters) – Natural gas supplies to Europe by Russian energy giant Gazprom were down 55.6% to 28.3 billion cubic metres (bcm) in 2023, Reuters calculations showed on Tuesday. The calculations, based on data from the European gas transmission group Entsog and Gazprom’s daily reports on gas transit via Ukraine, showed that average daily pipeline …

Russian pipeline gas exports to Europe down 56% in 2023 – Reuters calculations Read More »

LONDON (Reuters) – Euro zone factories ended 2023 on the back foot, with activity contracting in December for an 18th straight month, according to a survey which gave scant signs of any imminent strong bounceback in an economy likely in recession. HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, did …

Euro zone economy likely entered recession last year -PMI Read More »

AMSTERDAM (Reuters) – Computer chip equipment maker ASML said the Dutch government had partially revoked an export licence for the shipment of some of its machines to China, prompting a dip in shares and a protest from Beijing on Tuesday. The company said the government had revoked an export licence for some machines in a …

ASML shares dip after Netherlands revokes licence for some China exports Read More »

LONDON (Reuters) -Aldi UK and Lidl GB reported record Christmas trading on Tuesday, with sales at Aldi rising 8% in the four weeks to Dec. 24 to top 1.5 billion pounds ($1.91 billion) for the first time, while its smaller rival posted an even better 12% increase. Both chains said they recorded their busiest ever …

Aldi UK and Lidl GB report record Christmas sales Read More »

STOCKHOLM (Reuters) – New registrations of Tesla cars in Sweden increased in December from a year earlier and the car maker’s market share grew, industry data showed on Tuesday, despite union action against the company hampering imports. Data from Swedish auto industry association Mobility Sweden showed 1,789 new Tesla cars were registered in December, up …

Tesla new car registrations in Sweden rose 9% in Dec Read More »

By Yoruk Bahceli (Reuters) -Borrowers looking for relief from higher interest rates may be set for disappointment with financial markets indicating rates will stay elevated for years to come. However much they fall in 2024, pricing in money markets highlights a view that the decade of near-zero interest rates prevailing after the great financial crisis …

Higher forever? Markets see few rate cuts after 2024 Read More »

OSLO (Reuters) -Denmark’s Maersk still plans to sail more than 30 container vessels through the Suez Canal and the Red Sea in the time ahead despite a weekend attack on one of its ships in the area, a company schedule released late on Monday showed. But Maersk also put on hold plans for some vessels …

Maersk continues to schedule Suez journeys despite Houthi attack Read More »

PARIS (Reuters) – BNP Paribas has signed an agreement with France’s leading consumer group CLCV for between 400 million and 600 million euros ($662.3 million) compensation after its consumer credit unit was sentenced over misleading practices about swiss-franc mortgages, French daily Le Parisien said on Monday. BNP Paribas Personal Finance (BNPPF), known through its Cetelem …

BNP settles for up to 600 million euros in Swiss franc loan case -Le Parisien Read More »

(Reuters) – BT Group’s outgoing boss Philip Jansen has been approached about becoming the next chairman of advertising group WPP, replacing Roberto Quarta, Sky News reported on Monday. Quarta has been WPP’s chairman since 2015. Last year, BT, Britain’s biggest broadband and mobile provider, appointed Allison Kirkby as CEO to replace Jansen, effective from around …

BT chief Jansen approached about WPP chairmanship – Sky News Read More »

(Reuters) – DoorDash is looking to diversify beyond its core business of delivering restaurant meals to home diners, as the U.S. group seeks ways to invest a growing cash pile, the Financial Times reported on Monday. “The two largest areas of investment are expansion and penetration outside of the U.S., as well as the same …

DoorDash plots expansion outside core restaurant business in US – FT Read More »