DAVOS, Switzerland (Reuters) – Evidence from Portugal suggests some companies in the euro zone have been able to increase profit margins at a rate that risks hampering efforts to bring inflation down, Portuguese central bank governor Mario Centeno said on Wednesday. “The numbers for Portugal are very clear: profit margins increased quite a bit …
Profit margin growth ‘unsustainable’ -ECB’s Centeno Read More »
By Kate Chappell KINGSTON (Reuters) – Olympic champion Usain Bolt is seeking to recover more than $12.7 million that disappeared from his account with a Jamaican investment firm and is willing to take the case to court if necessary, Bolt’s attorney said. Bolt last week was informed that his account balance at Kingston-based Stocks and …
Usain Bolt seeks missing $12.7 million from Jamaica investment firm Read More »
MILAN (Reuters) – Italian asset manager Azimut expects to post a small loss on its business venture with UniCredit this year, but believes it will pay off in the longer term, its chairman said on Wednesday. “It’d be surprising if it didn’t show a slight loss for 2023 but there are doubtlessly profits ahead,” Chairman …
Azimut’s UniCredit deal to yield profits in the long run Read More »
By Johann M Cherian and Shashwat Chauhan (Reuters) -UK’s FTSE 100 was dragged down by consumer stocks on Wednesday as British inflation eased, though a sharp rise in food prices sparked fears that the Bank of England would continue with a tight monetary policy. The internationally focussed FTSE 100 edged 0.3% lower on close, hovering …
FTSE 100 slips as rising food prices hurt consumer stocks Read More »
(Reuters) -British asset managers Rathbones and Liontrust reported a rise in assets under management on Wednesday in the December quarter compared with the three months prior, helped by better fund flows. After witnessing robust asset growth during the pandemic, fund managers are now struggling with weak investor sentiment, volatile stock markets amid fears over raging …
UK’s fund managers post higher assets under management as fund flows improve Read More »
By David Milliken LONDON (Reuters) – British inflation eased last month after hitting a 41-year high in October, offering some comfort to the Bank of England, but the pressure on households remained intense as food and drink prices rose at the fastest pace since 1977. Annual consumer price inflation fell to 10.5% in December from …
UK inflation edges down to 10.5% in December, food prices surge Read More »
AMSTERDAM (Reuters) -Just Eat Takeaway.com NV, Europe’s largest meals delivery company, said on Wednesday that its orders fell in the fourth quarter of last year, but shares leapt on a 2023 profit forecast. The company, which has been cutting costs in a bid to improve profitability, said in a trading update that it had swung …
Takeaway sees stronger profitability in 2023 despite Q4 orders slump Read More »
By Thomas Escritt BERLIN (Reuters) – Europeans have dialled down their heating this winter, apparently heeding government calls to conserve energy amid the Ukraine crisis, with some delaying switching it on by almost a month and setting the temperature lower, data shows. The data, from hundreds of thousands of smart thermometers installed in households across …
Exclusive-Europeans dial down the heating, heed calls to save energy Read More »
ZURICH (Reuters) -Barry Callebaut announced a new lower three-year guidance for sales volumes growth on Wednesday, citing a return to pre-COVID demand levels. Volumes fell 5.1% in the three months to the end of November, the world’s largest chocolate maker said, as it was hit by lower output at its biggest factory. Volumes fell to …
Barry Callebaut pares back targeted volume growth Read More »
PARIS (Reuters) -BNP Paribas, France’s biggest listed bank, said on Wednesday that it had received all the necessary regulatory approvals to complete its previously announced sale of Bank of the West to Bank of Montreal. BNP Paribas added that this transaction was expected to close on Feb 1. Bank of Montreal agreed in December 2021 …
BNP Paribas wins all regulatory approvals for sale of Bank of the West Read More »
