CAPE TOWN (Reuters) -The Bank of England will “see the job through” on bringing high inflation back down to its 2% target even if there is a risk that high interest rates hurt Britain’s economy, BoE Chief Economist Huw Pill said on Thursday. In a speech that sought to underscore this month’s message from the …
BoE will see the job through on inflation, Pill says Read More »
MOSCOW (Reuters) – Russia’s No. 2 lender VTB still expects to earn 400 billion roubles ($4.21 billion) this year but this month’s big central bank rate hike has trimmed any upside to that guidance, Chief Financial Officer Dmitry Pyanov said. The state-controlled bank said last month its 2023 net profit could come in excess of …
Russia’s VTB sticks with profit guidance after central bank rate hike Read More »
By Maria Martinez BERLIN (Reuters) – German unemployment rose more than expected in August, showing the first cracks in what had been until now a very resilient labour market. The Federal Labour Office said on Thursday that the number of people out of work increased by 18,000 in seasonally adjusted terms to 2.63 million. Analysts …
German unemployment rises more than expected in August Read More »
By Huw Jones LONDON (Reuters) – The surge in money going into biodiversity funds is the “next frontier” of environment, social and governance (ESG) investing and warrants increased monitoring to avoid greenwashing, the European Union’s securities regulator said on Thursday. The European Securities and Markets Authority (ESMA) said data challenges in sustainable investing generally are …
EU watchdog monitors surge of cash going into biodiversity funds Read More »
By Dominique Vidalon PARIS (Reuters) -Pernod Ricard cautioned that sales would decline in the key Chinese and U.S. markets in the first quarter through September, driving its shares down 4% on Thursday despite forecast-beating annual results. The owner of Mumm champagne and Absolut vodka said that in an environment which remained volatile it expected broadbased …
Pernod Ricard shares drop after flagging slow Q1 in China and U.S. Read More »
By Anchal Rana (Reuters) -Gulf Keystone Petroleum on Thursday flagged doubts about its ability to continue as a going concern after the oil producer announced that it had cut 55% of its expat jobs to slash costs amid the suspension of Kurdistan crude exports. The London-listed company, focused on Iraqi Kurdistan, said it was reviewing …
Gulf Keystone fears for its future viability amid Kurdistan crude woes Read More »
(Reuters) – Revolution Beauty Group on Thursday appointed Lauren Brindley as its CEO as the British makeup company is roiled by accounting investigation and shareholder calls for better management. Bob Holt and Derek Zissman stepped down last month from the roles of the CEO and chairman, respectively, as part of a settlement deal with its …
By Anna Ringstrom and Supantha Mukherjee STOCKHOLM (Reuters) -Swedish payments group Klarna Bank reported on Thursday a much smaller six-month operating loss than a year earlier and said it had reached profitability on a monthly basis ahead of target. The January-June operating loss at the privately held (BNPL) fintech, which last made a full-year profit …
Klarna eyes return to quarterly profit “very soon” after H1 loss shrinks Read More »
FRANKFURT (Reuters) – Euro zone growth is weaker than predicted just a few months ago but this does not automatically void the need for more rate hikes, especially as investors are undoing some of the European Central Bank’s past work, ECB board member Isabel Schnabel said. The ECB has raised rates at each of its …
Markets may have undone some of the ECB’s work: Schnabel Read More »
MOSCOW (Reuters) -A Russian restaurateur and a pro-Kremlin rapper who together bought Starbucks’ business in Russia last year are now taking over the Russian assets of Domino’s Pizza, they announced on Wednesday. Anton Pinskiy and Timati said they would run the restaurants under the barely changed brand Domino Pizza, with the ‘i’ in Domino replaced …
Restaurateur and rapper take on former Domino’s Pizza outlets in Russia Read More »
