Reuters UK Business Archives - Page 2763 of 3179

Factbox-UK faces winter of strikes as workers demand higher pay

30 Nov 2022 30 Nov 2022

LONDON (Reuters) – Britain faces widespread industrial unrest in the run up to the Christmas holiday and into January as workers struggling with double-digit inflation resort to strike action to demand better pay and working conditions. Below are some of the industries in which labour unions have undertaken or threatened strikes, echoing actions across Europe: …

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Commodity stocks help UK’s FTSE 100 log its best month in two years

30 Nov 2022 30 Nov 2022

By Shashwat Chauhan and Shristi Achar A (Reuters) -UK’s FTSE 100 index closed with sharp gains on Wednesday and marked its best monthly performance in two years, lifted by commodity-linked and consumer stocks on hopes of Chinese demand recovery and easing domestic political concerns. The blue-chip index jumped 0.8%, to log its best month since …

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Poland’s Allegro posts higher profit on return to growth at home

30 Nov 2022 30 Nov 2022

(Reuters) -Poland’s biggest e-commerce platform Allegro reported a rise in third-quarter core profit on Wednesday, driven by recovery in its home market and smaller losses at Mall, the Czech online retailer it acquired earlier this year. Allegro, which bought Mall for 881 million euros ($1.02 billion), said it was focusing on reining in costs as …

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UK’s Home REIT rejects allegations by short-seller Viceroy Research

30 Nov 2022 30 Nov 2022

By Aby Jose Koilparambil (Reuters) – Britain’s Home REIT said on Wednesday its business was sound as it rejected allegations in a report by short-seller Viceroy Research questioning its financial situation. The housing provider for the homeless had delayed issuing its results, which were due for publication on Nov. 28, pending verification by its auditor …

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Ukrainian grain exports via Poland rise by 50%, minister says

30 Nov 2022 30 Nov 2022

WARSAW (Reuters) – Around 450,000 tonnes of Ukrainian grain are being transported via Poland monthly, over 50% more than in the middle of the year, Poland’s infrastructure minister said on Wednesday, as Warsaw helps its neighbour to increase its food exports. Ukraine is one of the world’s leading grain and oilseed exporters and a Russian …

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Russian lawmakers approve Kudrin exit, paving way for Yandex move

30 Nov 2022 30 Nov 2022

MOSCOW (Reuters) -The upper chamber of Russia’s parliament approved the resignation of Alexei Kudrin as head of the Audit Chamber on Wednesday, paving the way for him to take up a potential role at Russian technology giant Yandex. Kudrin, a close ally of President Vladimir Putin throughout his career, becomes the highest profile government official …

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French consumer spending falls in October, inflation unchanged in November

30 Nov 2022 30 Nov 2022

PARIS (Reuters) – France’s economy eked out meagre growth in the third quarter of 2022 while household spending fell more than expected in October and inflation remained at a high of 7.1% in November. Consumer spending fell 2.8% in October month-on-month against expectations of a 0.6% decline, reflecting notably a 7.9% fall in energy consumption …

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Fashion retailer H&M to cut 1,500 jobs in cost-saving drive

30 Nov 2022 30 Nov 2022

OSLO (Reuters) -The world’s No.2 fashion retailer H&M said on Wednesday it will cut 1,500 jobs to reduce costs amid softening demand as consumers cope with a surge in cost of living. The Swedish company, which employs roughly 155,000 people, had launched a plan to save 2 billion Swedish crowns per year in September. A …

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Airline SAS’ losses deepen, warns bankruptcy protection will drag out

30 Nov 2022 30 Nov 2022

STOCKHOLM (Reuters) -Crisis-hit Scandinavian airline SAS on Wednesday reported a much deeper loss in its August-October quarter than last year and said it will take slightly longer than previously expected to complete its bankruptcy protection process. The long struggling carrier, which sought bankruptcy protection in July in the United States as it tries to slash …

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European shares rise with the focus on data, Fed’s Powell

30 Nov 2022 30 Nov 2022

(Reuters) – European shares rose on Wednesday, joining Asian peers, although caution remained amid disappointing China factory activity data, and as investors looked to U.S. Federal Reserve Chair Jerome Powell’s speech for more clues on monetary policy stance. Broad-based gains saw the pan-European STOXX 600 index rise 0.3% by 0825 GMT, on track to break …

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