LONDON (Reuters) – The volume of payments made in Britain on so-called Cyber Monday was up 5.0% compared to the same point in 2021, data from Barclaycard Payments showed. “Despite a challenging economic backdrop, shoppers have made the most of the discounts on offer, with today’s data following an encouraging Black Friday and strong weekend …
UK Cyber Monday transactions up 5% vs 2021 – Barclaycard Payments Read More »
(Reuters) -Polish video game maker CD Projekt’s third-quarter net profit jumped more than 500%, topping expectations, helped by sales of its flagship Cyberpunk 2077 game. Interest in the game was spurred by the Cyberpunk: Edgerunners anime series which premiered on Netflix in September, and the release of an update to the game, the company said. …
Poland’s CD Projekt third-quarter profit soars thanks to Cyberpunk boost Read More »
By Valentina Za MILAN (Reuters) -Italy’s BPER Banca on Monday said it had agreed a partnership with loan manager Gardant, which will team up with state-owned peer AMCO to help the bank offload up to 2.5 billion euros ($2.6 billion) in bad debts. BPER was the only major Italian bank to still have full control …
Elliott-backed Gardant clinches bad loan venture with Italy’s BPER Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) -UK’s FTSE 100 closed lower on Monday, with commodity-linked stocks weighing heavy on the index, as global markets watched the rare protests in China against strict COVID-19 restrictions, leaving its economic outlook uncertain. The blue-chip FTSE 100 fell 0.2%, following two weekly gains that lifted the index …
Oil stocks drag FTSE 100 lower as China’s COVID protests shake markets Read More »
(Reuters) – British makeup group Revolution Beauty on Monday said online fashion retailer Boohoo had become its largest shareholder after earlier naming company insider Bob Holt as its new chief executive. Boohoo, in a statement confirmed it has raised it strategic investment in Revolution Beauty to about 26%. Earlier on Monday, Revolution Beauty said Holt …
Fashion retailer Boohoo raises stake in Revolution Beauty Read More »
LONDON (Reuters) – A bear market rally in equity markets will continue into next year before slumping as a recession in the world economy takes hold, Deutsche Bank said in its world economic outlook published on Monday. The German bank said it expected the S&P 500 to rally to 4,500 in the first half of …
Deutsche Bank: Equity bear market rally will stretch into 2023, dollar weaker Read More »
FRANKFURT (Reuters) – Bank lending to euro zone companies held steady, maintaining the sector’s biggest borrowing binge in over a decade, despite rising interest rates and a looming recession, European Central Bank data showed on Monday. Lending to businesses in the 19-country euro area expanded by 8.9% in October, unchanged on September when it rose …
Euro zone credit growth remains brisk despite gloomy outlook Read More »
MILAN (Reuters) -Italian banking unions on Monday voiced concerns at a reorganisation being implemented by state-owned lender Monte dei Paschi di Siena as it prepares for the departure of thousands of staff from this week. Monte dei Paschi this month raised 2.5 billion euros ($2.6 billion) in cash, braving stormy markets with a new share …
Italy’s MPS reorganises to cope with staff exits but unions unhappy Read More »
(Reuters) -European shares fell from three-month highs on Monday, led by losses in energy and mining stocks, as widespread and rare protests in China against stringent COVID-19 curbs sparked a wave of selling in global markets. The pan-European STOXX 600 index slipped 0.5%, tracking a sharp decline in Asian stocks. [MKTS/GLOB] China posted record-high COVID-19 …
FRANKFURT (Reuters) – Euro zone economic growth may turn negative this quarter but a recession is not a given since some economic data, particularly in Germany, have surprised on the upside, European Central Bank policymaker Klaas Knot said on Monday. “If you look at Germany, where actually the economy is doing better than then was …
Euro zone recession not a foregone conclusion, ECB’s Knot says Read More »
