LONDON (Reuters) – Uber on Friday won a ruling from London’s High Court that other ride-hailing apps should also face a 20% tax charge on their profit margins. The company brought the case following a 2021 decision by the United Kingdom’s Supreme Court, which ruled that Uber drivers were workers, which had an impact on …
Uber wins London court ruling over tax on rival apps Read More »
By Iain Withers and Lawrence White LONDON (Reuters) -NatWest chairman Howard Davies said political pressure ultimately led to the shock departure of chief executive Alison Rose, as the bank battles to contain the fallout from a damaging clash with former Brexit party leader Nigel Farage. Britain’s biggest business bank has faced severe criticism for mishandling …
NatWest chairman says political fallout of Farage storm forced out CEO Rose Read More »
BERLIN (Reuters) – The German economy stagnated in the second quarter of 2023, with no quarter-on-quarter change in gross domestic product in seasonally adjusted terms, the federal statistics office reported on Friday, missing estimates for slight growth. A Reuters poll of analysts had forecast an increase of 0.1%, after the economy fell into a mild …
German economy stagnates in Q2, missing estimate for slight growth Read More »
By Michal Aleksandrowicz and Nathan Vifflin (Reuters) -Bouygues on Friday posted 42% core profit growth that beat expectations, driven by new unit Equans, its telecom division and TV broadcaster TF1, lifting its shares as much as 3.3%. The French construction-to-telecoms conglomerate posted 727 million euros ($796.50 million) in half-year current operating profit from activities on …
France’s Bouygues H1 core profit beats estimates, shares rise Read More »
PRAGUE (Reuters) – Czech carmaker Skoda Auto, a unit of German group Volkswagen, posted a 35% year-on-year rise in first-half operating profit as global deliveries rose and the supply chain stabilised, the company said on Friday. “We have remained focused on overcoming supply chain issues and the reward now is being able to keep the …
VW’s Skoda first-half profit climbs as supply chain stabilises Read More »
By Sruthi Shankar (Reuters) -European shares retreated on Friday from multi-month highs scaled in the previous session as investors digested a mixed batch of earnings and as government bond yields climbed after the Bank of Japan tweaked its monetary policy. The pan-European STOXX 600 index slipped 0.3%. The benchmark index closed at its highest levels …
European shares dip after mixed earnings, BOJ policy surprise Read More »
FRANKFURT (Reuters) – The European Central Bank should take “a firm step further” on interest rates but whether or not it will come in September depends on incoming data, ECB policymaker Peter Kazimir said on Friday. The ECB increased interest rates for a ninth consecutive time on Thursday but raised the possibility of a pause …
LONDON (Reuters) -England and Wales saw the highest number of company insolvencies since 2009 during the second quarter of this year, government figures showed on Friday. On a seasonally adjusted basis, 6,342 companies were registered as insolvent in the three months to the end of June, 13% more than a year earlier and the highest …
England and Wales report highest number of company insolvencies since 2009 Read More »
ROME (Reuters) – Italian payment firms, banks and retailers’ associations have clinched a deal to reduce the cost of electronic transactions worth up to 30 euros ($32.9), parties said late on Thursday. While the accord does not alter significantly the current situation, it allows the government to drop the threat of a windfall tax on …
Italian retailers, financial firms clinch deal to soften card payment fees Read More »
By Eva Mathews (Reuters) -Even as the British housing market suffers a slowdown, Rightmove is confident of sustaining growth thanks to steady demand from homebuilders and agents looking for buyers and renters, company executives said on Friday. UK’s largest property portal reported a 10% rise in revenue for January-June, its highest revenue growth for the …
