(Reuters) – Uber and Carrefour are teaming up to allow drivers of the ride-hailing company to access the French supermarket chain’s charging points for electric vehicles, the companies jointly announced on Tuesday. Uber is investing 300,000 euros ($323,400) to allow its VTC (tourist vehicle with driver) drivers using EVs to charge their cars at Carrefour …
Uber and Carrefour Énergies partner on EV charging points Read More »
LONDON (Reuters) -Fashion brand Zara said on Tuesday it regretted the “misunderstanding” over an advertising campaign featuring mannequins with missing limbs and statues wrapped in white that triggered calls for a boycott by some pro-Palestinian activists. “Unfortunately, some customers felt offended by these images, which have now been removed, and saw in them something far …
Zara regrets ‘misunderstanding’ over photoshoot after Gaza boycott calls Read More »
By Huw Jones LONDON (Reuters) -The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers. Regulators began rolling out the tougher capital rules after the global financial crisis …
UK lenders face smaller impact from Basel rules than rivals, BoE says Read More »
By James Davey LONDON (Reuters) – European discounter Pepco Group cautioned on Tuesday that “short-term sales challenges” would continue into 2024 for retailers, although the profit margin outlook was improving. The Warsaw-listed owner of the Pepco, Poundland and Dealz brands, which warned on the outlook twice in September, reported a 3.1% rise in core earnings …
Discount retailer Pepco forecasts ‘challenges’ into 2024 Read More »
By Harry Robertson LONDON (Reuters) – The pound struggled for direction on Tuesday after data showed British wage growth slowed in October but remained elevated, with investors focused on upcoming U.S. inflation figures. Sterling was last up 0.07% at $1.2564, while the euro was up 0.19% at 85.9 pence. The pound fell slightly after data …
Sterling flatlines as UK wage growth slows, focus on US inflation Read More »
(Reuters) -Shares in Hargreaves Lansdown and AJ Bell were among the leading losers in early London trade on Tuesday after Britain’s market watchdog expressed concerns about the amount of interest and fees charged by some investment platforms. The Financial Conduct Authority said on Tuesday said it had written to 42 firms warning it could intervene …
Hargreaves, AJ Bell shares slide after UK regulator warns on charges Read More »
(Reuters) – European shares inched up on Tuesday as investors drew comfort from softer-than-expected UK wage growth data and looked forward to a crucial U.S. inflation report later in the day. The pan-European STOXX 600 was up 0.1% as of 0814 GMT and is eyeing a three-day winning streak. British wage growth slowed more than …
European shares inch up ahead of US inflation data Read More »
LONDON (Reuters) – Sales of general merchandise at UK supermarkets fell 7% on the year in the four weeks to Dec. 2 as shoppers looked to save money, delaying spending to take advantage of seasonal grocery promotions before Christmas, researcher NIQ said on Tuesday. It said total sales growth at UK supermarkets slowed to 6.8% …
UK supermarkets’ sales of general merchandise slide ahead of Christmas -NIQ Read More »
MADRID (Reuters) – Private equity funds Bain Capital and Cinven are considering making an offer for Spanish defence company Indra’s tech unit Minsait, news website El Confidencial reported on Tuesday, citing unidentified sources close to the process. Minsait, which represents about half of Indra’s business, would be worth 1.6 billion to 1.8 billion euros ($1.72 …
Buyout funds Bain, Cinven mull buying Indra’s Minsait, El Confidencial says Read More »
LONDON (Reuters) -The governing body of London’s financial district is opening offices in New York and Washington, D.C., in a push by British policymakers to forge stronger international financial ties after Brexit. The City of London Corporation, which runs the capital’s so-called “Square Mile,” said its New York outpost opened on Monday, with the Washington …
London’s financial district opens US offices amid post-Brexit charm offensive Read More »
