By Ankika Biswas and Sruthi Shankar (Reuters) -European shares fell on Tuesday, knocked down by losses in luxury majors and a weak update from Swiss wealth manager Julius Baer, while investors were also vigilant of economic data from the region and the U.S. debt ceiling deadlock. The pan-European STOXX 600 index closed 0.6% lower, logging …
European shares hit by slide in luxury majors, Julius Baer weighs Read More »
LONDON (Reuters) – Britain’s government said on Tuesday it would be ready to act when a Competition and Markets Authority (CMA) review of food and fuel pricing was ready. “The Chancellor (finance minister) confirmed that the government stands ready to update pricing rules and guidance on the back of the CMA’s review of unit pricing,” …
UK government ready to act on competition watchdog’s food and fuel price report Read More »
By David Milliken LONDON (Reuters) – The International Monetary Fund no longer expects Britain’s economy to fall into a recession this year, it said on Monday as it upgraded forecasts published last month and warned that the outlook remains subdued. The IMF said British gross domestic product now looks set to grow by 0.4% in …
IMF says UK is no longer heading for a recession in 2023 Read More »
By Eva Mathews (Reuters) -British meat producer Cranswick Plc reported a rise in annual profit and revenue on Tuesday on the back of higher prices, strong Christmas demand and easing cost pressures, sending its shares up 5%. The 49 year-old firm, which traces its roots to a pig farming collective in Yorkshire, grappled with the …
UK meat producer Cranswick’s annual profit rises on strong demand Read More »
MILAN (Reuters) – Financial software firm ION Group has found a compromise with lenders to unlock the financing it needs to carry out its proposed 1.3 billion euro ($1.4 billion) acquisition of Italian credit manager Prelios, two sources close to the matter said. ION has been in talks for months with U.S. investment fund Davidson …
ION unlocks financing to finalise Italy’s Prelios buy-sources Read More »
By Radhika Anilkumar (Reuters) -SSP Group flagged upbeat annual profit expectations on Tuesday, as summer travel and increased traffic in North America underpinned robust demand in the transit outlets of the owner of eatery Upper Crust. Shares in the London-headquartered company, which operates food and beverage outlets at train stations and airports in 37 locations, …
Upper Crust owner SSP offers bullish profit outlook on strong travel demand Read More »
By Andy Bruce LONDON (Reuters) -Britain borrowed more than expected in April as high inflation pushed the government’s debt interest bill to a new record for the month, even before expected tax cuts by Finance Minister Jeremy Hunt ahead of the next election. Public sector net borrowing, excluding state-owned banks, rose in April to 25.56 …
High inflation helps to swell UK budget deficit in April Read More »
(Reuters) – German flagship carrier Lufthansa signed a contract to purchase four additional Airbus A350-900 long-haul planes, the company said on Tuesday. The planes will be acquired from UK-based aircraft asset manager Deucalion Aviation and delivered to the group later this year. Lufthansa did not disclose the value of the deal. (Writing by Andrey Sychev; …
By William Schomberg LONDON (Reuters) – Companies in Britain’s services sector increased prices at a rapid pace in May as they saw another month of strong demand, according to a survey that could add to the Bank of England’s worries about the persistence of high inflation. Measures of inflation for services firms’ costs and their …
Inflation tightens grip on UK services firms in worry for BoE -flash PMI Read More »
By Jonathan Cable LONDON (Reuters) -Euro zone business growth remained resilient but slowed slightly more than thought this month as the bloc’s dominant services industry lost a little of its shine and the downturn in the manufacturing sector deepened, a survey showed on Tuesday. HCOB’s flash Composite Purchasing Managers’ Index (PMI) for the bloc, compiled …
Euro zone business growth solid in May but shows signs of easing -flash PMI Read More »
