By Harry Robertson LONDON (Reuters) – The pound has just staged its biggest monthly rally in a year after shaking off weeks of British political turmoil, but this strength is likely only to be fleeting as investors return their focus to the stagnating economy and the Bank of England. The pound crashed to a record …
Storm clouds gather over the pound as focus turns back to dire economy Read More »
PARIS (Reuters) – Activity in France’s manufacturing sector weakened in October by more than initially estimated, according to a monthly survey, as inflationary pressures weighed on the euro zone’s second-biggest economy. S&P Global’s final manufacturing purchasing managers index (PMI) fell to 47.2 points in October from 47.7 in September. A flash forecast for the October …
French factory activity shrank in Oct more than first estimated – final PMI Read More »
OSLO (Reuters) – Norwegian energy firm Equinor said on Wednesday it had agreed to buy Denmark’s BeGreen, a solar project developer in north-west Europe, for an undisclosed sum. BeGreen has developed, sold and delivered solar PV capacity of more than 700 megawatt to date, with a further 6,000 MW under planning in Denmark, Sweden and …
By Pushkala Aripaka (Reuters) – Aston Martin blamed global supply chain problems for pushing back an expected improvement in its finances, as the luxury carmaker cut its 2022 deliveries and margin forecasts. Shares in the British company fell more than 12% in early Wednesday trade after it said cash inflows were only likely towards the …
Aston Martin says supply snags delaying turnaround Read More »
ROME (Reuters) – Italy’s manufacturing sector contracted for a fourth month running in October, with activity posting its steepest decline since May 2020 when the economy was struggling with COVID-19 lockdowns, a survey showed on Wednesday. The S&P Global Purchasing Managers’ Index (PMI) for Italian manufacturing came in at 46.5, down from 48.3 the month …
Italy manufacturing slump deepens in October – PMI Read More »
By James Davey LONDON (Reuters) -British clothing retailer Next reaffirmed full-year guidance that was cut in September as it reported a 0.4% rise in third-quarter full-price sales, slightly ahead of its expectations, sending its shares higher. Next, which trades from about 500 stores and online and is often considered a gauge of how British consumers …
Britain’s Next sticks to outlook after quarterly sales rise Read More »
LONDON (Reuters) – British supermarket group Sainsbury’s said on Wednesday it planned to recruit 18,000 temporary workers, as competition for staff for the busy Christmas trading period heats up. Sainsbury’s, the UK’s second biggest grocer after Tesco, said its supermarket business wanted 15,000 workers, while its Argos general merchandise business wanted 2,000. A further 1,000 …
Britain’s Sainsbury’s to recruit 18,000 workers for Christmas period Read More »
(Reuters) – European shares opened higher on Wednesday on a boost from Danish drugmaker Novo Nordisk, while hopes grew that the U.S. Federal Reserve would signal a slowdown in its aggressive policy tightening cycle later in the day. The pan-European STOXX 600 index rose 0.3% by 0812 GMT, with Novo Nordisk jumping 4.5% as it …
European shares open higher ahead of Fed decision, Novo Nordisk shines Read More »
FRANKFURT (Reuters) – Novo Nordisk said it will boost manufacturing capacity for future obesity drug launches and worry less about marketing and advertising after a bungled market introduction of its Wegovy injection last year. “As we look to launch future products, obviously we will take into consideration more of a ‘pull’ than a ‘push’ commercial …
Novo Nordisk to increase manufacturing capacity of weight-loss drugs Read More »
(Reuters) -Britain’s Royal Mail on Tuesday said members of its largest labour union, the Communication Workers Union (CWU), will conduct two 48-hour strikes in late November and early December, in the run-up to Christmas. The CWU, which represents more than 115,000 postal workers at Royal Mail, said workers will strike on Nov. 24 and Nov. …
Royal Mail workers’ union to strike in November and December Read More »
