By Shashwat Chauhan and Shristi Achar A (Reuters) -Britain’s FTSE 100 edged lower on Friday as a drop in oil stocks outweighed gains in industrials, while the index logged weekly gains on optimism about interest rates peaking in the U.S. The blue-chip FTSE 100 slipped by 0.1%, dragged by oil stocks falling 1.7%, tracking lower …
FTSE 100 closes lower at the end of best week in three months Read More »
By Sarah Young LONDON (Reuters) – Workers at Britain’s No.2 airport Gatwick will strike for eight days at the end of July and in early August, potentially causing cancellations and travel misery for thousands of passengers at the busiest time of year for summer holidays. European travellers are already on high alert over worries about …
Strikes at Britain’s Gatwick Airport could hit summer holidays Read More »
By Andy Bruce LONDON (Reuters) -High inflation will not help Britain’s public finances in the same way as in the past because government debt is now more sensitive to changes in interest rates and prices, the chair of the Office for Budget Responsibility said on Friday. Richard Hughes told the BBC that old notions of …
High UK inflation will not help public finances: OBR’s Hughes Read More »
By Wayne Cole SYDNEY (Reuters) – Australia has appointed the first female head of its central bank, passing over the current governor to elevate his deputy to the high-profile job amid a public backlash over steeply rising interest rates. Australian Treasurer Jim Chalmers and Prime Minister Anthony Albanese on Friday announced Michele Bullock would head …
Australia picks first female central bank head to shepherd through reform Read More »
(Reuters) – European airports are in the midst of another busy summer as passenger numbers globally recover to pre-pandemic levels, while airline and airport staff continue wage talks. The travel industry is on high alert for disruption after Europe’s peak season last year was hit by cancellations, causing chaos at airports. This summer, air traffic …
Factbox-Europe’s ongoing strike-related travel disruptions Read More »
WASHINGTON (Reuters) – A U.S. federal court rejected the Federal Trade Commission’s request that it order Microsoft to temporarily hold off on closing its $69 billion purchase of “Call of Duty” maker Activision Blizzard, according to a court filing. (Reporting by Kanishka Singh in Washington; Editing by Sandra Maler)
By Marie Mannes STOCKHOLM (Reuters) -Swedish property group SBB on Friday ruled out state support as it sought to repair its battered finances, marred by a heavy loss and dwindling liquidity. The $13 billion group, which owns swathes of property across Sweden including hospitals and schools, racked up a pre-tax loss of 11.1 billion Swedish …
Swedish landlord SBB rules out state support as finances deteriorate Read More »
By Diane Bartz and David Shepardson WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Thursday asked an appeals court to temporarily stop Microsoft from closing its $69 billion purchase of “Call of Duty” maker Activision Blizzard, just hours after a federal judge rejected a similar request. The San Francisco federal court had ruled in favor …
US asks appeals court to pause Microsoft deal after lower court refuses Read More »
LONDON (Reuters) -Britain’s competition regulator on Friday extended its final deadline on Microsoft’s $69 billion Activision Blizzard deal to Aug. 29 after its received a “detailed and complex” new proposal from Microsoft that claimed material changes in circumstance. The Competition and Markets Authority (CMA) become the first major regulator to block the acquisition of the …
UK regulator extends Microsoft-Activision deadline to Aug. 29 Read More »
(This July 13 story has been corrected to say Gotshal, not Gotschal, in paragraph 1) By Chiara Elisei LONDON (Reuters) – Corporate distress among small and medium-sized enterprises (SMEs) hit its highest since mid-2020 in the three months to May in Britain and Europe, as credit conditions tightened, an index compiled by law firm Weil …
Small business distress index hits mid-2020 high Read More »
