(Reuters) – London stocks opened lower on Wednesday, with insurer Prudential hitting the bottom of the FTSE 100 index after full-year results, while investors awaited the UK spring budget due later in the day. The blue-chip FTSE 100 lost 0.4% by 0823 GMT, trading in the red after jumping more than 1% on Tuesday. Prudential …
London stocks fall as Prudential drops, spring budget in focus Read More »
BERLIN (Reuters) – Germany’s IfW economic institute said on Wednesday it did not expect a strong economic recovery in 2023 due to continued losses in consumer purchasing power as a result of stubbornly high inflation. The Kiel-based researchers raised their growth forecast for 2023 from 0.3% to 0.5%. The German government is predicting growth of …
Germany’s IfW predicts 0.5% GDP growth in 2023 amid stubbornly high inflation Read More »
By Victoria Waldersee BERLIN (Reuters) -BMW expects over 50% of new sales to be all-electric vehicles well ahead of its 2030 target and could envision a hydrogen-powered car going into production in the second half of the decade, the premium carmaker said on Wednesday. By 2025, a fourth of new sales will be all-electric, the …
BMW expects to hit 50% all-electric sales target ‘well ahead’ of 2030 Read More »
(Reuters) – European shares opened lower on Wednesday as declines in Inditex and H&M, two of the world’s largest fashion retailers, weighed down the broader retailing sector index. The pan-European STOXX 600 index was 0.2% lower by 0815 GMT, with the retailers index down 1.9%. Shares of Zara-owner Inditex, the world’s biggest fashion retailer, fell …
European shares open lower as fashion retailers slide after results Read More »
PARIS (Reuters) – French annual inflation rose to a revised 7.3% in February from 7.0% in January, partly as a result of higher food prices, according to final figures from the INSEE statistics body on Wednesday. The preliminary inflation figure for February released last month was 7.2%. Finance Minister Bruno Le Maire, who has said …
French inflation revised upwards in February to 7.3% – final figures Read More »
(Reuters) – ContextLogic Inc said on Tuesday that France had lifted the ban on its e-commerce marketplace, Wish, after it was delisted from search engines and app stores over concerns about product safety. France’s General Directorate for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF) banned the U.S.-based firm’s listings in November 2021 on grounds …
French regulators lift ban on online marketplace Wish Read More »
By Marwa Rashad LONDON/PARIS (Reuters) – Blockages at the three French liquefied natural gas (LNG) terminals will be extended for a second week as part of a national protest movement against President Emmanuel Macron’s pension reform plan, two trading sources and French media reported on Tuesday. The closure of the three terminals operated by Engie …
Unions extend blockage at three French LNG terminals for second week – sources, media Read More »
By Elizabeth Howcroft LONDON (Reuters) – Britain’s NatWest has imposed new limits on the daily and monthly amount customers can send to cryptocurrency exchanges, seeking to protect consumers from “crypto-criminals”, the bank said on Tuesday. From Tuesday customer transfers to cryptocurrency exchanges will be limited to 5,000 pounds ($6,088) per 30-day period, with no more …
NatWest limits customers’ crypto transfers, citing scam concerns Read More »
LONDON (Reuters) -Britain’s finance minister Jeremy Hunt is set to provide a 4 billion pound ($4.87 billion) expansion to free childcare for one and two year-olds in England in his budget plan on Wednesday, the Guardian reported on Tuesday. The Guardian report did not cite named sources for the information. The finance ministry said it …
UK to announce 4 billion pound boost for childcare in England – Guardian Read More »
MILAN (Reuters) – Intesa Sanpaolo is not offering higher remuneration on its retail deposits and has only moved to pass on higher interest rates to its key corporate customers, its finance chief told investors on Tuesday according to a person who attended the meeting. Speaking in London at a banking conference organised by Morgan Stanley, …
Intesa CFO says no retail deposit repricing – source Read More »
