By Johann M Cherian and Shristi Achar A (Reuters) -Britain’s blue-chip index posted its biggest weekly loss in over two months on Friday as weak domestic retail sales data and hawkish rhetoric from major central banks fuelled recession worries. The FTSE 100 fell 1.3% to a one-month closing low, pulled lower by oil and gas …
FTSE 100 posts worst week in two months on recession fears Read More »
(Reuters) – Retailers in Britain are looking to increase pay and attract staff in a tight labour market, as workers are increasingly taking to strike action amid a cost-of-living crisis in the country. Here are some pay rises and perks implemented by retailers operating in Britain as rising inflation rates hit 9.9% in August: LIDL …
Factbox-UK retailers raising staff pay amid cost-of-living crunch Read More »
By Andy Bruce LONDON (Reuters) -British retail sales slid unexpectedly in November, despite the men’s soccer World Cup and the Black Friday sales promotions, showing the stress felt by many households as the cost-of-living crisis eats into their finances. In the latest warning sign that Britain’s economy might have entered a recession, retail sales volumes …
World Cup and Black Friday fail to stop surprise fall in UK retail sales Read More »
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – In 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on more stable businesses that serve companies and retail customers as a way to restore profitability. It didn’t quite turn out that way. Germany’s biggest bank …
Analysis: Deutsche Bank’s rollercoaster ride towards more stability Read More »
By Pushkala Aripaka and Yadarisa Shabong (Reuters) -Amazon.com is seeking to bring popular fantasy game “Warhammer 40,000” to life after agreeing in principle to produce film and television content with British developer Games Workshop. The deal, whose commercial terms were not disclosed in the British company’s statement, underscores Amazon’s push to capitalise on a streaming …
Amazon to bring fantasy game ‘Warhammer 40,000’ onto screens Read More »
By Indradip Ghosh BENGALURU (Reuters) – Euro zone business activity shrank at the slowest pace in four months in December, suggesting a likely recession ahead will be shallower than previously thought, a survey showed on Friday, while prices rose at the most modest rate in about a year. S&P Global’s flash Composite Purchasing Managers’ Index …
Euro zone business activity falls at slower rate in Dec, inflation eases -PMI Read More »
By Sinead Cruise, Kate Holton and Dhara Ranasinghe LONDON (Reuters) – Major investors are rethinking their support for Britain’s economy following months of political turmoil and persistent Brexit uncertainties, as experts predict its recovery from a global recession will be slow and painful. While governments worldwide are grappling with high inflation and low growth, UK …
Analysis-Britain takes fight to restore investor faith into 2023 Read More »
(Reuters) – UK’s Taylor Wimpey said on Friday former Landsec chief Robert Noel would replace Irene Dorner as its chair in 2023, the home building company’s second top management change this year after it named a new chief executive in February. Currently a senior independent director and board member with Taylor Wimpey, Noel, 58, is …
UK’s Taylor Wimpey names industry veteran Noel as next chair Read More »
BERLIN (Reuters) – A downturn in German economic activity eased for the second month running in December, a preliminary survey showed on Friday, as retreating price` pressures added to hopes that an expected recession could be milder than first feared. S&P Global’s flash composite Purchasing Managers’ Index (PMI), which tracks both the manufacturing and services …
German downturn eases further, lifting some gloom – flash PMI Read More »
(Reuters) – European shares dipped on Friday and were set to post declines for the week after major central banks pledged further rate hikes to combat runaway inflation, spurring concerns about a global economic downturn next year. The Europe-wide STOXX 600 index fell 0.2% to a fresh one-month low of 427.96 at 0813 GMT and …
European shares eye weekly loss as central banks stay hawkish Read More »
