By Ananya Mariam Rajesh (Reuters) – Upstart footwear brands such as On Holding and Hoka are grabbing more shelf space at retailers globally, competing with giants like Nike and Adidas as their catchy styles and focus on premium running shoes make them a hit with sneakerheads. Following a pandemic boom in comfort dressing, the newer …
LONDON (Reuters) -Uber will open up its platform to London’s black cabs next year, the ride-hailing firm said on Wednesday, trying to win over the British capital’s taxis after a decade of tensions. London’s black cab drivers – who have to pass a test called “The Knowledge” requiring them to memorise thousands of routes within …
By Shashwat Chauhan and Khushi Singh (Reuters) -Britain’s FTSE 100 slipped for the third straight day on Wednesday following hawkish comments from Bank of England Governor Andrew Bailey, while insurance heavyweights Aviva and Prudential fell after bearish brokerage comments. The blue-chip FTSE 100 index dipped 0.4% and the domestically-focussed mid-cap index added 0.4%. Bailey said …
FTSE 100 slips for the third day as financials weigh Read More »
By James Davey LONDON (Reuters) -Britain’s antitrust regulator is launching a review of loyalty scheme pricing by supermarkets, such as Tesco’s Clubcard and Sainsbury’s Nectar, to consider whether it is fair that cheaper prices are available only to members. Loyalty schemes have proved hugely successful for the UK’s biggest supermarkets, offering much lower prices for …
UK regulator to review supermarket loyalty scheme prices Read More »
BRUSSELS (Reuters) – Belgium’s Prime Minister Alexander De Croo said at the European Business Summit that the next Belgian government should consider an extra 10 years of nuclear energy on top of the 10 years his government is currently negotiating with Engie, a spokesperson said on Wednesday. “We should definitely consider an extension of 20 …
Belgium’s PM De Croo calls for 20 years of nuclear energy Read More »
By Tommy Wilkes LONDON (Reuters) – Four major banks, including Standard Chartered Plc and HSBC Plc, have quit a United Nations-backed initiative to scrutinise climate targets set by corporations, according to people familiar with the matter. The lenders have abandoned efforts for the Science Based Targets Initiative (SBTi) to validate their goals because of concerns …
Exclusive-Four banks quit initiative assessing climate targets-sources Read More »
(Reuters) -Spain’s annual inflation rate fell to 3.2% in November as a result of cheaper fuel and tourist packages, preliminary data from the National Statistics Institute (INE) showed on Wednesday. The 12-month inflation rate was lower than October’s reading of 3.5% and below the 3.7% expected by analysts polled by Reuters. The drop in inflation …
Spain’s 12-month inflation falls to 3.2% in November Read More »
(Reuters) – J.P.Morgan expects economic uncertainty clouding the outlook for risky assets in the first half of next year as investors look for clarity on the direction of monetary policy. “Equities will likely need to negotiate earnings adjustment, as activity slows. We believe that the risk-reward for equities will start fundamentally improving once the (U.S. …
J.P.Morgan sees “challenging” backdrop for stocks in first half of 2024 Read More »
(Reuters) – UK’s largest oil and gas producer Harbour Energy is evaluating “a number of material” merger and acquisition opportunities as it looks to build a global company as part of its strategy, Chief Executive Linda Z Cook said on Wednesday. “Recent large transactions in our sector and our own discussions with potential counterparties indicate …
UK’s Harbour Energy eyes ‘a number’ of M&A opportunities Read More »
BERLIN (Reuters) – Half of German companies are struggling to fill vacancies due to labour shortages, the DIHK Chamber of Commerce and Industry said on Wednesday, despite the stagnation of the euro zone’s largest economy. Germany, like industrialised countries around the world, is facing deep labour shortages, particularly in skilled high-growth sectors. The proportion of …
Half of German companies face labour shortages despite economic stagnation – survey Read More »
