By Shashwat Chauhan and Johann M Cherian (Reuters) -UK’s FTSE 100 closed at its highest since May 2018 on Friday, with AstraZeneca among the top gainers, while investors were relieved by how the domestic economy performed in November. The blue chip FTSE 100 closed 0.6% higher, recording its second straight week of gains. In November, …
UK FTSE 100 at highest since May 2018, boosted by economic data Read More »
LONDON (Reuters) – Britain’s accounting watchdog said on Friday it had opened an investigation into Ernst & Young LLP’s audit of the 2019 financial statements of Stirling Water Seafield Finance, a UK unit of French group Veolia. The Financial Reporting Council (FRC) said in a statement it was examining the audit by the “Big Four” …
British watchdog examining EY audit of Veolia’s UK unit Read More »
BERLIN (Reuters) – German economic output likely stagnated in the final quarter of last year and grew by 1.9% over the full-year 2022, the Federal Statistics Office said on Friday, suggesting Europe’s largest economy may just escape a recession over the winter. The 1.9% full-year increase in gross domestic product (GDP) compared with the mid-range …
German economy likely stagnated in Q4 – stats office Read More »
BERLIN (Reuters) – Siemens Energy plans to expand its cooperation with Iraq by developing projects with a capacity of over 6 gigawatts in the next five years, a company spokesperson said on Friday. Among other things, this will involve the construction of conventional power plants as well as developing renewable energies and stabilising the power …
Siemens Energy plans to expand cooperation with Iraq Read More »
By Aby Jose Koilparambil (Reuters) -British housebuilder Taylor Wimpey Plc is considering job cuts to keep a lid on costs and will build fewer homes in 2023 than last year as the industry faces sluggish demand. The company’s actions provide more evidence of a slowdown in the UK housing market, partly in response to a …
Taylor Wimpey looks at job cuts to rein in costs, lowers homebuilding target Read More »
(Reuters) – An independent investigation into Revolution Beauty Group’s accounts found several concerns, including over certain historical sales, inventory provisioning methods and personal loans made by a former CEO, the company said on Friday. The British company’s former chief executive officer Adam Minto had stepped down from the post in November amid the accounting probe. …
UK’s Revolution Beauty says accounting probe shows many concerns Read More »
LONDON (Reuters) -A cyber incident that led to severe disruption to Royal Mail’s international export services was caused by Lockbit, a ransomware group that some cybersecurity experts say has members in Russia, Britain’s Telegraph newspaper reported. Royal Mail, one of the world’s largest post and parcel firms which serves thousands of businesses, was still unable …
Ransomware group with links in Russia behind UK Royal Mail incident -Telegraph Read More »
LONDON (Reuters) – More than 70,000 staff at 150 universities across the UK will strike for 18 days between February and March in disputes over pay, working conditions and pensions, the University and College Union (UCU) said on Thursday. “The clock is now ticking for the sector to produce a deal or be hit with …
Over 70,000 university staff in Britain to strike for 18 days over pay Read More »
(Reuters) – Crayfish Bidco Oy, a company controlled by Triton, said on Thursday it has bought a 9.9% stake in Finnish construction company Caverion Oyj, following the Swedish venture capital group’s $1.17 billion takeover bid on Tuesday. The move signals Triton’s strong commitment to the tender offer, Crayfish said. Triton on Tuesday offered Caverion shareholders …
Triton-controlled Crayfish takes 9.9% stake in Finnish constructor Caverion Read More »
By Andy Bruce MANCHESTER, England (Reuters) -The Bank of England is not at the point in its interest rate-rising cycle where it needs to worry about the risk of over-tightening, Monetary Policy Committee member Catherine Mann said on Thursday. “You have a lot of different ways of looking at it. My reading is we’re not …
BoE’s Mann does not see risk of raising rates too high Read More »
