By Johann M Cherian (Reuters) -UK’s FTSE 100 fell on Monday as a stronger pound and weaker oil prices weighed on the blue-chip index, while investors kept a close watch on the race for Britain’s next prime minister. The exporter-heavy FTSE 100 fell 0.7% as the pound gained, with Rishi Sunak set to become Britain’s …
FTSE 100 slips on stronger pound; PM race takes focus Read More »
LONDON (Reuters) -Mike Ashley’s Frasers Group has increased its maximum exposure to German fashion house Hugo Boss to 840 million pounds ($954 million) and has built a more than 5% stake in struggling British online fashion retailer ASOS. Frasers, formerly called Sports Direct, is on a drive to move upmarket and said on Monday it …
Mike Ashley’s Frasers raises Hugo Boss exposure and buys ASOS stake Read More »
By Paul Sandle LONDON (Reuters) -Education group Pearson said an “outstanding” performance in English language learning had helped deliver 7% growth in underlying sales in the last nine months, ahead of market expectations and keeping it on track for the full year. The British company reported 28% growth in English language courses, with demand boosted …
Strong demand for English language learning keeps Pearson on track Read More »
(Reuters) – Mike Ashley’s Frasers Group has bought a 5.1% stake in fashion retailer Asos Plc, the sportswear and fashion retail group said in a filing on Monday. (Reporting by Radhika Anilkumar and Sinchita Mitra in Bengaluru; Editing by Shailesh Kuber)
BUDAPEST (Reuters) -Thousands of Hungarians including teachers and students marched through Budapest on Sunday to protest against the government, demanding higher wages for teachers and a curb on surging inflation that is eroding incomes. Walking across a bridge over the Danube, protesters held up banners like “Orban get lost” and “No teachers, no future,” a …
Thousands protest against PM Orban’s government, “runaway inflation” Read More »
By Tangi Salaün PARIS (Reuters) -Credit Suisse Group settled a tax fraud and money laundering case in France on Monday with a 238 million euro ($234 million) payment to the state, putting another legal headache behind it as it readies to unveil a strategic overhaul. The agreement, announced in a French court and confirmed buy …
Credit Suisse settles French tax probe for 238 million euros Read More »
WARSAW (Reuters) – Bank Millennium, part of Portuguese banking group Millennium bcp, on Monday reported a third-quarter net loss of 1.0 billion zlotys ($205.31 million) as the bank counted the costs of loan repayment holidays. Poland earlier this year introduced measures to allow borrowers hit by rising interest rates to take advantage of so-called payment …
Poland’s Bank Millennium third-quarter results hit by payment holidays Read More »
BERLIN (Reuters) – Around one in four German companies currently seeking new loans are reporting restraint from lenders as high inflation and concerns over energy supply rattle Europe’s largest economy, according to a survey published on Monday. The figure – 24.3% – is the highest seen since 2017, said the Ifo institute, which conducted the …
German companies increasingly struggling to access credit – Ifo Read More »
LONDON (Reuters) – British businesses are suffering their worst month since January 2021, when they were under a COVID-19 lockdown, as the country’s political upheavals compound concerns about inflation and rising interest rates, a survey showed on Monday. The S&P Global/CIPS flash Composite Purchasing Managers’ Index (PMI) showed a contraction in activity for a third …
Political chaos tips British firms into deeper slide-PMI Read More »
BERLIN (Reuters) – Germany’s economic downturn deepened in October, the flash S&P Global composite purchasing managers’ index showed on Monday as its reading fell to 44.1 from 45.7 in September, the lowest since May 2020, when the country was under a COVID lockdown. High energy costs were a major factor, especially in manufacturing, where the …
Energy costs push Germany flash PMI to 29-month low – S&P Global Read More »
