LONDON (Reuters) -The British arm of German discount supermarket group Aldi said its sales in December rose 26% compared to the previous year, reflecting the opening of new stores and consumers’ search for savings in a cost-of-living crisis. Aldi UK and Ireland said on Tuesday its sales topped 1.4 billion pounds ($1.67 billion) in December …
LONDON (Reuters) – Reinsurers are excluding Russia, Ukraine and Belarus from policies offered to their insurance clients and cutting back their exposure to U.S. hurricanes, a report from reinsurance broker Gallagher Re showed on Tuesday. Reinsurers insure insurers and Jan. 1 is the most important date in the calendar for policy renewals. Some insurers have …
Reinsurers cut Russia, Ukraine from policies on Jan 1 -broker Read More »
(Reuters) – European shares extended gains on Tuesday as investors awaited consumer prices data from Germany, the region’s largest economy, for clues about inflation in the euro zone. The pan-regional STOXX 600 was up 0.5% at 0810 GMT, supported by financial and consumer discretionary stocks. Investors were focussed on Germany’s CPI data, due at 1300 …
European shares rise with all eyes on German inflation data Read More »
(Reuters) – The number of people registering as jobless in Spain fell by 1.52% in December from a month earlier, or by 43,727 people, leaving a total of 2.84 million people out of work, data from the Labour Ministry showed on Tuesday. Spain lost 8,347 net formal jobs in December to 20.31 million jobs, after …
Spain’s December jobless falls 1.52% from November to 2.84 million Read More »
BERLIN (Reuters) – German utility Steag, which has put itself up for sale, is changing the name of a large part of its business to Iqony in the course of a planned split-up, according to a website for the new company. Around 2,300 employees will work for Iqony, whose portfolio includes solar, wind, geothermal and …
Germany’s Steag renames large part of business ahead of sale Read More »
BERLIN (Reuters) – Material shortages eased further in Germany’s manufacturing sector towards the end of the year, according to a survey by the Ifo economic institute published on Tuesday. In December, 50.7% of the companies surveyed reported problems, down from 59.3 percent in November, the third consecutive fall, the survey showed. “Shortages appear to be …
Material shortages ease further for German manufacturers – Ifo Read More »
BERLIN (Reuters) – Deutsche Bank is on track with its restructuring targets and will retain its forecasts until 2025 despite the risks from the Ukraine war, aggressive inflation and recession, the German lender’s finance chief told daily Boersen-Zeitung. “We want to achieve a post-tax return on tangible equity of more than 10% and reduce the …
Deutsche Bank sticks to medium-term targets – finance chief Read More »
(Reuters) -French engineering group Gaztransport & Technigaz (GTT) said on Monday it was stopping its activities in Russia after analysing the latest European sanction packages which include a ban on engineering services with Russian firms. The group said its contract with Russian shipbuilding company Zvezda for 15 ice-breaking liquefied natural gas (LNG) carriers would be …
WARSAW (Reuters) -Polish regulator UOKiK has accused the Polish unit of T-Mobile of misleading advertising relating to a free mobile data offer, with the company potentially facing a fine of 10% of annual revenue. UOKiK said on Monday that T-Mobile Polska’s slogan “1200 GB free for a year” was misleading as 100 GB Internet packages …
Polish regulator accuses T-Mobile of misleading advertising Read More »
BOGOTA (Reuters) – Initial negotiations between Colombia, France’s Dassault Aviation and Sweden’s Saab AB to replace part of the South American country’s aging air force fleet have collapsed, the defense minister said on Monday. Colombia, which uses about 20 Israeli-made Kfir aircraft purchased three decades ago, has said replacing the planes is a priority so …
Colombia’s plan to replace fighter planes hits a snag Read More »
