PARIS (Reuters) – Stellantis is offering a new stock investment plan to its French and Italian employees to help them with cost of living pressures and try to incentivise performance, two sources close to the company told Reuters. In France, 42,000 employees will be offered the chance to become shareholders under preferential conditions: a 20% …
Stellantis offers new share plan to French and Italian workers Read More »
By Sruthi Shankar (Reuters) -European stocks slipped on Friday after U.S. inflation data fuelled concerns about interest rates staying higher for longer, while weak inflation data from China added to jitters about the global economy. The pan-European STOXX 600 index fell 0.5%, with healthcare and financial services sectors leading losses. Wall Street’s main indexes closed …
European stocks dip as US rate worries resurface Read More »
MARRAKECH, Morocco (Reuters) – Bank of England Governor Andrew Bailey said on Friday that future interest rate decisions by the central bank would continue to be tight after officials voted to leave borrowing costs on hold last month by the finest of margins. Bailey echoed recent comments from other BoE officials who have stressed they …
BoE’s Bailey says future rate decisions will be ‘tight’ Read More »
BRUSSELS (Reuters) – Euro zone industrial production rose by more than expected in August, data showed on Friday, as factories made more consumer goods although overall output was down by more than 5% from a year earlier. The European Union’s statistics office Eurostat said industrial production in the 20 countries sharing the euro rose by …
Euro industrial output up in August, but sharply down year-on-year Read More »
LONDON (Reuters) – Shares in British American Tobacco fell more than 2% on Friday after the U.S. health regulator banned sales of some flavours of its key vape brand in the country, Vuse Alto. The U.S. Food and Drug Administration (FDA) said on Thursday it had issued marketing denial orders for three menthol flavoured and …
Shares in British American Tobacco fall on Vuse Alto sales bans Read More »
By Joseph White, David Shepardson and Abhirup Roy DETROIT/WASHINGTON (Reuters) – A senior Ford executive said Thursday the automaker is “at the limit” of what it can spend on higher wages and benefits for the United Auto Workers, and warned the union’s strike at the company’s most profitable factory could harm workers and slash profits. …
Ford says it is ‘at the limit’ with UAW contract offer Read More »
By Adrianna Ebert GDANSK (Reuters) -Shares in Polish video game producer CI Games dropped as much as 18% to a six month low on Friday, adding to heavy losses the day before, following some critical reviews of its newest game “Lords of the Fallen”. The PC version of the game currently has an average rating …
CI Games shares drop on critical reviews of ‘Lords of the Fallen’ Read More »
MARRAKESH (Reuters) – Inflation in Germany is on a downward trajectory, Bundesbank President Joachim Nagel said on Friday on the sidelines of an International Monetary Fund meeting in Marrakesh. “It seems we have passed the peak of inflation,” Nagel told reporters, speaking alongside German Finance Minister Christian Lindner. “The 10 interest rate hikes – and …
Inflation has peaked in Germany – Bundesbank’s Nagel Read More »
BERLIN (Reuters) – Germany’s economy is seen as shrinking slightly in the third quarter as the global economic slowdown, money tightening and energy prices slow its expected recovery, the economy ministry said in its monthly report on Friday. A moderate recovery is likely to set in at the turn of the year based on the …
German economy expected to shrink slightly in Q3 – econ ministry Read More »
By Pablo Mayo Cerqueiro, Emma-Victoria Farr and Amy-Jo Crowley LONDON/FRANKFURT (Reuters) -Brooks Macdonald is working with a defence adviser on its strategy amid takeover interest, three people familiar with the matter told Reuters. The British wealth manager, which oversees close to 17 billion pounds in client assets, has lined up investment bank Raymond James, said …
Brooks Macdonald lines up defence adviser amid takeover interest –sources Read More »
