Reuters UK Business Archives - Page 2689 of 3179

Trade unions call for more strikes over Macron’s pension reform

19 Jan 2023 19 Jan 2023

By Antony Paone and Benoit Tessier PARIS (Reuters) -More than a million people marched through French cities on Thursday to denounce President Emmanuel Macron’s plans to raise the retirement age, with a wave of nationwide strikes halting trains, blocking refineries and curbing power generation. Buoyed by their success, the country’s leading trade unions called for …

Trade unions call for more strikes over Macron’s pension reform Read More »

Italy appoints veteran economist Barbieri as new Treasury head

19 Jan 2023 19 Jan 2023

By Giuseppe Fonte ROME (Reuters) – Italy’s government appointed on Thursday veteran economist Riccardo Barbieri as director general of the Treasury, replacing Alessandro Rivera in the influential position. The move marks a victory for new Prime Minister Giorgia Meloni, who was looking to remove Rivera and put her stamp on key positions within Italy’s powerful …

Italy appoints veteran economist Barbieri as new Treasury head Read More »

ISS says Capricorn shareholders should support Capricorn board overhaul

19 Jan 2023 19 Jan 2023

By Shadia Nasralla LONDON (Reuters) -Capricorn shareholders should vote to remove its chief executive and six other directors from the board on Feb. 1, shareholder proxy adviser Institutional Shareholder Services (ISS) has recommended in a document seen by Reuters on Thursday. The proposal has been put forward by activist shareholder Palliser, which also opposes Capricorn’s …

ISS says Capricorn shareholders should support Capricorn board overhaul Read More »

Shareholder proxy ISS recommends vote to overhaul Capricorn board, including CEO

19 Jan 2023 19 Jan 2023

LONDON (Reuters) – Shareholder proxy Institutional Shareholder Services (ISS) recommended voting for the removal of seven directors from the board of Capricorn, including the chief executive, according to an ISS document seen by Reuters on Thursday. The proposal has been put forward by activist shareholder Palliser, which also opposes Capricorn’s planned merger with Israeli gas …

Shareholder proxy ISS recommends vote to overhaul Capricorn board, including CEO Read More »

Global risk-off mood hits UK stocks, Dr Martens slumps to record low

19 Jan 2023 19 Jan 2023

By Johann M Cherian and Shashwat Chauhan (Reuters) -The UK’s main stock indexes tumbled on Thursday in a broad-based selloff sparked by worries over a recession, while shares of Dr. Martens slumped to a record low after the bootmaker issued a profit warning. The blue-chip FTSE 100 slid 1.1%, its biggest single-day drop in five …

Global risk-off mood hits UK stocks, Dr Martens slumps to record low Read More »

Meal delivery firm Deliveroo breaks even as orders dip

19 Jan 2023 19 Jan 2023

By Paul Sandle LONDON (Reuters) – British meal delivery company Deliveroo expects to be profitable this year after better cost control and higher customer fees helped it break even in the second half of 2022 even as order numbers slipped from pandemic highs. The company, which had benefited from surging demand during the pandemic, said …

Meal delivery firm Deliveroo breaks even as orders dip Read More »

UK bootmaker Dr Martens warns on profit, shares slide more than 20%

19 Jan 2023 19 Jan 2023

By Yadarisa Shabong (Reuters) -British bootmaker Dr Martens Plc issued a profit warning on Thursday, citing significant operational issues at its new distribution centre in the United States that sent its shares plunging by more than a fifth. Those issues could reduce annual core profit by 16-25 million pounds ($20 million-$30 million) and have knock-on …

UK bootmaker Dr Martens warns on profit, shares slide more than 20% Read More »

Chinook helicopters could cost Germany twice as much as planned -Business Insider

19 Jan 2023 19 Jan 2023

BERLIN (Reuters) – Germany’s planned purchase of 60 Chinook heavy-lift helicopters manufactured by Boeing to replace its ageing CH-53 fleet could cost almost twice as much as planned, Business Insider reported on Thursday, citing several government and industry sources. Six billion euros ($6.47 billion) had been budgeted for the helicopters, but the U.S. Army has …

Chinook helicopters could cost Germany twice as much as planned -Business Insider Read More »

European shares set to snap winning streak on slowdown fears, weak earnings

19 Jan 2023 19 Jan 2023

(Reuters) – European shares were on track to snap a six-session winning streak on Thursday, after lacklustre U.S. economic data rekindled fears of a global economic slowdown while downbeat corporate earnings at home soured investor appetite further. The pan-European STOXX 600 was down 0.6% at 0815 GMT. In the previous session, the benchmark index marked …

European shares set to snap winning streak on slowdown fears, weak earnings Read More »

Investors underpricing ECB rate hikes, Knot says

19 Jan 2023 19 Jan 2023

FRANKFURT (Reuters) – Markets may be underestimating planned rate hikes by the European Central Bank and most of the remaining increases will be done in multiples of 50 basis points, Dutch central bank chief Klaas Knot said on Thursday. The ECB flagged a steady pace of 50 basis point rates hikes in the months ahead …

Investors underpricing ECB rate hikes, Knot says Read More »