By Johann M Cherian and Bansari Mayur Kamdar (Reuters) -UK’s FTSE 100 index fell on Thursday with Shell weighing on the commodity-heavy index after the oil major said its third-quarter profits would be pressured as concerns grew over a global economic slowdown. The benchmark FTSE 100 closed 0.8% down, while the more domestically oriented FTSE …
London’s FTSE 100 falls for second day as Shell weighs Read More »
LONDON (Reuters) – The Bank of England will unwind its gilt market intervention when risks to market functioning have subsided and based on an assessment of market conditions and the scale of purchases it has made, the bank said in a letter published on Thursday. “Once the purchase programme is complete, the operation will be …
BoE says it will unwind gilt market intervention once risks have subsided Read More »
By Ron Bousso LONDON (Reuters) – Shell said on Thursday its third-quarter profit would be pressured by a near halving of oil refining margins, crumbling chemical margins and weaker natural gas trading. The British energy giant reported two consecutive quarters of record profit in the first half of the year amid soaring oil and gas …
Weaker refining, gas trading to hit Shell’s Q3 results Read More »
BRUSSELS (Reuters) – Euro zone retail sales fell in August, data showed on Thursday, pointing to a weakness in consumer demand and underlining expectations of an approaching recession. The European Union’s statistics office Eurostat said retail sales in the 19 countries sharing the euro fell 0.3% month-on-month for a 2.0% year-on-year drop. Economists polled by …
Euro zone retail sales fall as expected in August Read More »
MILAN (Reuters) – Italy can face this winter with confidence as it will have its gas storage nearly full, the chief executive of energy group Eni said on Thursday. Nonetheless, the supply situation is tight and the country should be alert to uncertainties that could arise in case of a colder winter or unexpected problems …
Italy can face winter with confidence, Eni CEO says Read More »
LONDON (Reuters) -British businesses’ expectations for consumer price inflation in one year’s time rose to 9.5% last month, up from 8.4% in August, a Bank of England survey showed on Thursday. The BoE’s Decision Maker Panel survey of chief financial officers also showed that businesses expected output prices to rise by 6.6% in the year …
UK business inflation expectations rise in September – BoE Read More »
OSLO (Reuters) -Norway’s production of oil liquids is expected to rise by 15% in 2023 as the Johan Sverdrup field is set to ramp-up output by the end of this year, the government’s draft budget showed on Thursday. “The Norwegian continental shelf must continue to be a stable and long-term supplier of oil and gas …
Norway’s oil production seen rising by 15% in 2023 Read More »
PARIS (Reuters) – France has enough energy to get through this winter, even factoring in worst-case scenarios, President Emmanuel Macron said at a briefing with the bpifrance state bank. On Wednesday, the French government said France had tapped its strategic fuel reserves to resupply petrol stations that have run dry, amid strikes by workers at …
By Divya Rajagopal TORONTO (Reuters) – As British lender HSBC Plc explores a potential sale of its Canadian unit, lawyers and analysts say the country’s concentrated banking market could discourage big domestic banks from bidding as the government has charged the antitrust regulator to push for more competition. An HSBC deal would be the first …
Analysis-As British lender HSBC considers Canada unit sale, antitrust issues loom Read More »
(Reuters) – Fitch Ratings on Wednesday revised the outlook on the United Kingdom’s long-term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to “negative” from “stable” and affirmed the IDR at ‘AA-‘ (Reporting by Arunima Kumar in Bengaluru; Editing by Shailesh Kuber)
