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FRANKFURT (Reuters) – Euro zone consumer expectations for inflation edged up again in December, a European Central Bank survey showed on Tuesday, indicating that recent interest rate hikes and falling energy prices have not yet tempered price growth fears. Inflation peaked at over 10% in October but has been in rapid decline since on lower …

ECB survey shows rising inflation expectations despite energy price falls Read More »

By Patrycja Zaras GDANSK (Reuters) – Polish footwear and apparel retailer CCC’s shares fell in morning trading on Tuesday following remarks by its chief executive that the start of the year would continue to be weak after a challenging 2022. “A very demanding year is behind us, and we expect the beginning of this year …

Poland retailer CCC shares drop on weak outlook for early 2023 Read More »

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Danish brewer Carlsberg warned on Tuesday that a possible slowdown of beer consumption in Europe because increases in prices could dent profit growth this year. The world’s third-biggest brewer also said it expects to find a buyer for its large Russian business by June and is seeking an option to …

Carlsberg warns price hikes may hit beer sales in 2023 Read More »

(Reuters) – Apollo Global Management Inc is among a group of financial firms in talks to buy a stake in Credit Suisse Group’s revamped investment bank, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The talks with Apollo are continuing and could still fall apart, the report said, without mentioning …

Apollo Global in talks to buy stake in Credit Suisse unit -WSJ Read More »

(Reuters) -Postal workers at Britain’s Royal Mail called off a planned 24-hour strike over pay next week after receiving legal challenges by the company, the Communication Workers Union (CWU) said on Monday. Lawyers have advised that the union could defend its position in court, CWU said in a statement, but it added that the risk …

UK’s Royal Mail workers call off 24-hour strike, union says Read More »

FRANKFURT (Reuters) – German crude oil import volumes rose 9.4% in the first 11 months of 2022 on a year-on-year basis as the economy recovered from the COVID-19 pandemic, while the bill rose sharply due to higher prices, official data showed. Russia remained the top supplier, holding a 26.2% share of Germany’s oil imports in …

German Jan-Nov oil imports up 9.4%, bill up 77.4% Read More »

BERLIN (Reuters) -German industrial production fell more than expected in December, driven by a plunge in output from energy-intensive sectors, the federal statistics office said on Tuesday. Industrial production decreased by 3.1% on the previous month, the office said. In a Reuters poll, analysts had pointed to a drop of 0.7% for the month. The …

German industrial output falls more than expected in December Read More »

LONDON (Reuters) – British house prices were unchanged in January after falling in month-on-month terms in each of the previous four months as borrowing costs rose, mortgage lender Halifax said on Tuesday. The annual rate of house price growth slowed to 1.9%, the weakest increase in three years, Halifax said. Britain’s housing market saw a …

UK house prices stabilise after four-month fall, Halifax says Read More »

PARIS (Reuters) – A national strike against planned pension reforms reduced France’s power supply and disrupted petrol deliveries from French refineries on Tuesday. Strikes have been taking place since mid-January as unions protest against the government’s plans to make people work longer before retirement. Public transport and schools have also been affected. Total power supply …

French strike disrupts power supply and petrol deliveries Read More »