By Siddarth S and Shubham Batra (Reuters) -UK’s FTSE 100 logged a six-day winning streak on Wednesday, as home builders led gains for a second straight session, while Prudential climbed after reporting strong half-year profit. The benchmark FTSE 100 index was up 0.1%, hovering around two-week highs. FTSE 250 index climbed 0.5%. The sterling ticked …
FTSE 100 gains for sixth day on homebuilders’ boost Read More »
BERLIN (Reuters) – Inflation rose in four of six key German states in August, according to data released on Wednesday, casting doubt on a continuation of a national downward trend. Economists surveyed by Reuters have forecast a harmonised inflation rate for the whole of Germany of 6.3%, easing slightly from 6.5% in July. The national …
Data show inflation rising in some German states Read More »
LONDON (Reuters) -British consumers increased their borrowing by less than expected in July in a possible sign of caution among households as borrowing costs rise, Bank of England data showed on Wednesday. Unsecured lending to consumers rose by 1.191 billion pounds ($1.51 billion) in net terms, less than the 1.3-billion-pound increase which was the median …
UK consumers slow pace of borrowing as costs mount Read More »
By Shashwat Chauhan (Reuters) – European shares struggled for direction on Wednesday as losses in utilities, led by Denmark’s Orsted, kept a lid on gains, while insurers rose on positive results from Prudential. The pan-European STOXX 600 held steady at 460.1 points, having touched a near three-week high moments after the opening bell. UK’s FTSE …
European shares subdued by Orsted slide, insurers rise Read More »
PARIS (Reuters) -Retail prices in France will not fall significantly before March, the boss of supermarkets group Les Mousquetaires said on Wednesday, echoing a warning by a rival group that French consumers were spending less due to the high cost of living. Thierry Cotillard, whose group has more than 3,000 stores in France, is among …
French prices to stay high till March -Les Mousquetaires grocery chain Read More »
By Jakub Olesiuk (Reuters) – Spanish inflation rose to 2.6% year-on-year in August, boosted by higher fuel prices, preliminary data from the National Statistics Institute (INE) showed on Wednesday. That was higher than the 2.3% rate in July, and in line with analysts’ average forecast in a Reuters poll. Still, August consumer prices rose at …
Spanish inflation rises to 2.6% in August on higher fuel prices Read More »
(Reuters) -Shares in Instem Plc soared over 39% on Wednesday after the British life sciences software company agreed to a take-private deal with French private equity firm Archimed SAS for 203 million pounds ($256.5 million). The deal will help Instem expand its reach in the healthcare IT sector and use the capital for acquisitions, the …
UK’s Instem shares pop on $257 million take-private deal from French firm Read More »
By Stephanie Hamel and Victor Goury-Laffont (Reuters) -French telecom provider Iliad reported a more than 4% rise in half-year core profit on Wednesday, supported by gains across markets and the expansion of its activities in Italy. The unlisted company, which operates in France, Italy and Poland, posted earnings before interest, taxes, depreciation and amortization and …
Iliad posts profit growth against tough telecom sector backdrop Read More »
MOSCOW (Reuters) – Russia’s largest oil producer Rosneft said on Tuesday its January to June net income reached 652 billion roubles ($6.90 billion). Its sales stood at 3.87 trillion roubles. The company did not provide a comparison for the corresponding period in 2022. ($1 = 94.4250 roubles) (Reporting by OLesya Astakhova and Vladimir Soldatkin; Editing …
Russia’s Rosneft shows H1 net income at 652 billion rbls Read More »
By Noele Illien ZURICH (Reuters) – UBS will publish on Aug. 31 its first earnings report since a hastily arranged takeover of its Swiss rival Credit Suisse, shedding new light on the deal’s impact and the inner workings of the new banking giant. Besides its second quarter figures – delayed by over a monthbecause of …
Explainer-After Credit Suisse takeover, UBS gives first glimpse of new group Read More »
