Reuters UK Business Archives - Page 2612 of 3179

German chemical lobby sees further industry decline in 2023

9 Mar 2023 9 Mar 2023

(Reuters) – German chemical association VCI on Thursday said it saw further decline in the country’s chemical industry in 2023, weighed down by persistently high inflation, weak global economy, energy crisis in Europe and Germany’s regulatory problems, among others. Industrial production including pharmaceuticals was set to decline 5% in 2023, while industry sales were expected …

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WANdisco flags going concern issues on discovering potential fraud

9 Mar 2023 9 Mar 2023

(Reuters) -WANdisco, a UK-based data software firm, said Thursday that an internal investigation showed after “significant, sophisticated and potentially fraudulent irregularities” by an employee, prompting significant going concern issues. The company said the investigation conducted by its chief executive and finance chief showed irregularities in its orders and bookings, as represented by a senior sales …

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Germany to spend billions helping industry with energy transition

9 Mar 2023 9 Mar 2023

BERLIN (Reuters) -Germany plans to provide its industry with a double-digit billion-euro amount to support the transition towards cleaner production in industry, the economy ministry said on Thursday. Under the mechanism, called ‘carbon contracts for difference’, which aim to shift the energy source used in energy-intensive industries from fossil sources to renewables and hydrogen, companies …

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Swedish central bank’s Bunge says hike of 25 or 50 points in April still the main scenario

9 Mar 2023 9 Mar 2023

STOCKHOLM (Reuters) – Swedish inflation is too high but an interest rate hike of either 25 or 50 basis points in April is still the main scenario, Deputy Riksbank Governor Aino Bunge said on Thursday. “Right now that is what I envision, but we will see when we approach that meeting,” Bunge told reporters. (Reporting …

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Dutch to restrict semiconductor tech exports to China, joining US effort

9 Mar 2023 9 Mar 2023

By Toby Sterling, Karen Freifeld and Alexandra Alper AMSTERDAM/WASHINGTON (Reuters) -The Netherlands’ government on Wednesday said it plans new restrictions on exports of semiconductor technology to protect national security, joining the U.S. effort to curb chip exports to China. The announcement marked the first concrete move by the Dutch, who oversee essential chipmaking technology, toward …

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Juventus again postpones results for first half of fiscal year

8 Mar 2023 8 Mar 2023

(Reuters) – Italian Serie A soccer club Juventus said on Wednesday that the board had decided to postpone the approval of its results for the first half of the 2022-23 fiscal year. Italy’s most successful team, which is now under scrutiny by prosecutors for alleged false accounting, posted a 239 million euro loss in the …

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UK’s RMT union to put Network Rail pay offer to vote

8 Mar 2023 8 Mar 2023

LONDON (Reuters) -Britain’s RMT rail workers’ trade union said on Wednesday it will ask its members to vote on an improved pay offer from rail infrastructure group Network Rail, after suspending plans for a strike. The new pay offer from Network Rail, the public sector group which owns and operates thousands of miles of tracks, …

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Vivendi hits antitrust hurdles in quest for Lagardere

8 Mar 2023 8 Mar 2023

By Mathieu Rosemain and Diana Mandia (Reuters) – French media group Vivendi hit antitrust hurdles in its quest to take over media group Lagardere, its chief executive said on Wednesday, as the company has a week to convince the European Commission over its proposed remedies. Hachette, the world’s third-biggest publishing group, currently owned by Lagardere, …

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French pension strikes to continue Thursday, disrupting fuel supply and air travel

8 Mar 2023 8 Mar 2023

By Forrest Crellin and Benjamin Mallet PARIS (Reuters) -Train and air traffic will again be disrupted in France on Thursday and garbage collection in cities including Paris will be patchy as strikes against a planned pension reform are set to enter a third consecutive day. Opinion polls show a majority of voters oppose President Emmanuel …

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French economy seen growing around 0.1% in first quarter-central bank

8 Mar 2023 8 Mar 2023

PARIS (Reuters) – The French economy is set to grow around 0.1% in the first quarter of 2023 after expanding 0.1% in the fourth quarter 2022, the central bank said on Wednesday. The Bank of France said companies polled in its monthly business sentiment survey reported activity in February was stronger than in January in …

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