(Reuters) – Twitter CEO Linda Yaccarino on Tuesday tweeted a defense of the temporary cap announced July 1 on the number of tweets users can read in a day, and the company said advertising has been stable in the days since the step that drew heavy criticism from users and marketing professionals. Yaccarino wrote in …
Twitter CEO backs widely criticized tweet-reading rate limits Read More »
DUBLIN (Reuters) – Ireland intends to increase core public expenditure by 6.1% next year in an overall budget package of 6.4 billion euros ($6.98 billion), according to its Summer Economic Statement. Two years ago, the government said it would try to anchor expenditure growth to the growth rate of the economy, at around 5% per …
Ireland to hike core government spending by 6.1% in 2024 Read More »
By Huw Jones and David Milliken LONDON (Reuters) – British banks should have to serve a customer even if they disagree with his or her lawful political views, and should apply anti-money laundering checks proportionately, financial services minister Andrew Griffith said on Tuesday. Earlier on Tuesday Nigel Farage, the former Brexit Party leader, said British …
UK banks should not close accounts over customers’ politics, minister says Read More »
LONDON (Reuters) -British retailer Marks & Spencer’s food business has made “a good start” to its 2023-24 financial year, the group’s boss told investors on Tuesday. Chief Executive Stuart Machin said M&S took a 130 basis points hit to its food margin in the year ended April 1 as it decided not to pass on …
M&S food makes good start to new financial year, says boss Read More »
LONDON (Reuters) – Scottish and Southern Energy Networks (SSEN) said on Tuesday it had signed a joint venture agreement with Britain’s National Grid Electricity Transmission (NGET) to build a 2 gigawatt (GW) subsea cable linking northern Scotland to England. The Eastern Green Link 2 (EGL2) will be the country’s largest ever electricity transmission project, will …
UK’s National Grid and SSEN in JV for 2 GW electricity transmission project Read More »
LONDON (Reuters) – Britain should be cautious about whether to issue a digital version of the pound given privacy and other issues involved, financial services minister Andrew Griffith said on Tuesday. The finance ministry and Bank of England have launched a public consultation on whether to issue a so-called central bank digital currency or CBDC, …
UK financial services minister urges caution over central bank digital currency Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) -Britain’s FTSE 100 edged lower on Tuesday, as weakness in industrial stocks on recessionary worries and financial shares outweighed a rebound in healthcare stocks. The blue-chip index ended 0.1% lower after a range-bound session, while the midcap FTSE 250 index added 0.1%. Industrial sectors including construction and …
UK’s FTSE 100 inches lower as industrials dip; healthcare stocks rebound Read More »
By Nell Mackenzie LONDON (Reuters) – Odey Asset Management (OAM) will lift the suspension of its Brook Developed Markets Fund, it said in a letter to investors on Tuesday seen by Reuters, as the hedge fund grapples with the fallout from sexual misconduct allegations against its founder. Crispin Odey, 64, was ousted in June from …
Odey Asset Management to lift suspension of Brook Developed Markets Fund Read More »
By Amruta Khandekar and Shreyashi Sanyal (Reuters) -European shares were steady in thin trading on Tuesday, with a lack of fresh economic data from the region and uncertainty around the direction of global interest rates keeping investors cautious. The pan-European STOXX 600 index inched 0.1% higher at the close, trading within a two-point range for …
European shares steady, interest rate uncertainty remains Read More »
LONDON (Reuters) – Thames Water will need “substantial sums of money” to stabilise its finances, regulator Ofwat said on Tuesday, as it acknowledged that it should have stepped in earlier to stop companies taking on so much debt. Thames Water is fighting to secure more equity as it struggles under the weight of its 14 …
Thames Water needs ‘substantial sums’, whole sector took on too much debt – UK regulator Read More »
