Reuters UK Business

BERLIN (Reuters) – Pressure on the German economy eased further in January as inflation slowed and businesses looked to the new year with optimism, a preliminary survey showed on Tuesday, although sentiment was still shy of predicting a return to growth.     S&P Global’s flash composite Purchasing Managers’ Index (PMI), which tracks both the manufacturing …

Pressures ease though German economy still shy of growth -flash PMI Read More »

(Reuters) – European stocks edged higher on Tuesday, boosted by a fresh run of gains for technology stocks, while investors awaited economic data that is expected to show a slight improvement in euro zone business activity. The pan-European STOXX 600 index rose 0.1% after a strong finish on Wall Street, lifted by tech stocks that …

European shares steady ahead of PMI data Read More »

BERLIN (Reuters) – German consumer sentiment is set to improve for a fourth consecutive month in February as energy prices fall, a GfK institute survey showed on Tuesday. The institute said its consumer sentiment index rose to -33.9 heading into February from a revised reading of -37.6 in January, but was slightly below forecasts from …

German consumer sentiment consolidates upward trajectory -GfK Read More »

PARIS (Reuters) – Output in the French economy fell slightly overall again in January, a purchasing managers’ survey showed on Tuesday, but manufacturing activity improved for the first time since August. A decline in activity in the country’s dominant services sector continued to drag down the overall picture, according to S&P Global’s flash composite purchasing …

Pickup in French manufacturing offers hope as services sector still weak -flash PMI Read More »

LONDON (Reuters) -Clothing retailer Primark reported better-than-expected trading over the Christmas quarter, parent Associated British Foods said on Tuesday, but cautioned economic headwinds may dent consumer spending in 2023. The group said Primark’s revenue was 3.15 billion pounds ($3.91 billion) in the 16 weeks to Jan. 7, up 15% on a constant currency basis as …

Primark cautious on 2023 outlook after ‘very strong’ Christmas Read More »

By Hyunjoo Jin and Jody Godoy SAN FRANCISCO (Reuters) -Elon Musk testified on Monday that he was sure he had backing from Saudi financiers in 2018 to take Tesla Inc private, but said the fund later backpedaled on its commitment. At a trial in San Francisco federal court, Musk told the investors’ lawyer Nicholas Porritt …

Musk testifies Saudis backed taking Tesla private before they backpedaled Read More »

LONDON/MADRID; (Reuters) – Spanish power company Iberdrola is considering the sale of a stake in its U.S. renewables business to help to finance new investments, two sources with knowledge of the matter told Reuters. One of the sources said that Iberdrola had appointed a bank to work on a possible sale of a minority stake …

Spain’s Iberdrola considers U.S. renewables stake sale, sources say Read More »

LONDON (Reuters) – Britain’s Crown Estate, an independent commercial business that manages the property portfolio belonging to the monarchy, said on Monday it had begun court proceedings against Twitter over alleged unpaid rent on its London headquarters. Court lists showed the case against Twitter had been filed at the High Court in London last week. …

Crown Estate sues Twitter over alleged rent arrears for UK HQ Read More »