(Reuters) – Italian retail sales rose 1.7% in January from the month before, data showed on Wednesday, following a 0.2% fall in December. Sales rose 6.2% in unadjusted year-on-year terms in January, ISTAT said. The data are expressed in value terms and are not adjusted for consumer prices, which increased 10.7% in January from the …
BUDAPEST (Reuters) – The Hungarian central bank’s tax-adjusted core inflation gauge slowed to an annual 25.1% in February from 25.3% in January, the bank said on Wednesday. It said indicators measuring households’ inflation expectations showed unusually high volatility and moderated slightly in February compared to the previous month. (Reporting by Krisztina Than)
By Alexander Hübner HERZOGENAURACH, Germany (Reuters) -Adidas will slash its 2022 dividend, the sporstwear maker said on Wednesday, warning a split with rapper and fashion designer Kanye West could push it to its first annual loss in three decades this year. Chief Executive Bjorn Gulden, who took the reins on Jan. 1, pledged to rebuild …
By Yadarisa Shabong (Reuters) -Wagamama owner Restaurant Group will slash the number of Frankie & Benny’s and Chiquito restaurants by about 30% it said on Wednesday after posting an operating loss for 2022. Its shares were down 12% in early trade, with an analyst at Stifel saying investors may be disappointed by the lack of …
Frankie & Benny’s owner to close dozens of restaurants Read More »
(Reuters) – Spain’s natural gas imports fell 12.1% in January compared with the same month a year earlier, government data showed on Wednesday. Spain imported the equivalent of 33.271 gigawatt-hours of natural gas in January, Cores, an arm of the Energy and Environment Ministry, said in a statement. (Reporting by Matteo Allievi, editing by David …
Spain’s gas imports fell 12.1% in January from same month a year ago Read More »
BERLIN (Reuters) – Continental is selling its operations in Russia including its factory in Kaluga because of Russia’s invasion of Ukraine, CEO Nikolai Setzer said on a press call on Wednesday. “The war is the reason for our controlled withdrawal from Russia. This means the sale of our activities, including our factory in Kaluga. We …
ZURICH (Reuters) -Swiss plumbing supplier Geberit on Wednesday reported a drop in 2022 results as higher raw materials costs weighed, and said a challenging global backdrop made its outlook for this year uncertain. The maker of bathroom ceramics and piping saw shareholders’ annual profit drop to 706 million Swiss francs ($749 million)from 756 million francs …
Geberit profit falls on higher costs, outlook unclear Read More »
(Reuters) – Intel Corp is seeking an additional 4 billion to 5 billion euros ($5.28 billion) in subsidies from the German government to build a chip manufacturing complex in the country, Bloomberg News reported, citing people familiar with the matter. The U.S. chipmaker last year postponed the plant construction in Magdeburg – for which it …
Intel wants $5 billion more in German subsidies for chip plant – Bloomberg News Read More »
LONDON (Reuters) – British trade union RMT on Tuesday said it had suspended all strike action on Network Rail following a new offer from the employer, after a long-running pay dispute led to months of disruptive transport strikes. “The RMT National Executive Committee has taken the decision to suspend all industrial action on Network Rail …
UK rail workers suspend strike action -RMT union Read More »
HOUSTON (Reuters) – Fuel efficiency in new light vehicles is having a bigger impact on fuel demand than rising sales of electric vehicles, BP Chief Executive Bernard Looney said at an energy conference on Tuesday. As old vehicles in the world’s 1.4 billion fleet of light vehicles are scrapped, newer vehicles with higher mileage per …
CERAWEEK-BP says fuel efficiency has more impact on oil demand than EVs Read More »
