By Sinead Cruise LONDON (Reuters) – Legal & General Group has not been a forced seller of gilts, the insurer said in an unscheduled trading statement on Tuesday, quelling investor unease after sudden yield spikes sparked a dash for cash by some pension fund clients. Wild swings in UK government bond prices following a “mini-budget” …
L&G says not a forced seller of UK government bonds Read More »
BRUSSELS (Reuters) – Euro zone producer prices jumped slightly more than expected in August, data showed on Tuesday, driven mainly by continuously rising energy costs, but price increases excluding that most volatile component decelerated. The European Union’s statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro rose 5.0% month-on-month …
Euro zone Aug producer prices rise slightly more than expected Read More »
BRUSSELS (Reuters) – Planemakers will at best reach 90% of their production targets because of constraints including the challenges of recruiting and training qualifed staff, the head of the world’s largest aircraft leasing company, AerCap, said on Wednesday. CEO Aengus Kelly also told a Eurocontrol aviation conference that demand for air travel would continue to …
Aercap CEO says jetmakers will at best reach 90% of output goals Read More »
By Jesús Aguado MADRID (Reuters) -Spanish banks will have to closely monitor risks and increase provisions to cover potential losses as an economic slowdown and energy price hikes are already hurting households and companies, Bank of Spain Governor Pablo Hernandez de Cos said on Tuesday. De Cos said that a very complex macro-financial situation, marked …
Spanish banks need to increase provisions amid economic slowdown, De Cos says Read More »
LONDON (Reuters) – The cost of insuring the bonds of Swiss bank Credit Suisse fell sharply on Tuesday from the previous day’s close, in line with a recovery in the company’s shares, as some concerns around the bank subsided. Credit Suisse’s five-year credit default swaps fell around 13 basis points to 308.32 bps from Monday’s …
Credit Suisse five-year CDS fall sharply as nerves subside Read More »
LONDON (Reuters) – HSBC’s board is exploring the sale of its operation in Canada, Sky News reported on Tuesday. (Reporting by William James; Editing by Kate Holton)
BERLIN (Reuters) -Volkswagen brands are preparing for stock market listings as a training exercise, CEO Oliver Blume told the Handelsblatt newspaper on Tuesday, without commenting on whether further listings were planned. Its listing of Porsche last Thursday prompted speculation of further listings as a means of unlocking value in the Volkswagen Group, which executives view …
Volkswagen brands prepare to list as training exercise – Handelsblatt Read More »
By James Davey LONDON (Reuters) -British baker and fast food chain Greggs said on Tuesday it traded well in its latest quarter, with its value offer chiming with consumers against the backdrop of a worsening cost of living squeeze. Confidence levels among Britain’s consumers sank to a record low last month as they struggle with …
Britain’s Greggs shows resilience with quarterly sales rise Read More »
BERLIN (Reuters) – German engineering companies’ orders stagnated in August as orders from abroad, particularly the euro zone, offset a dip in domestic orders, the VDMA engineering association said. August orders were at the same level as the same month last year, with domestic orders down 6% while foreign orders saw a 2% increase, the …
BUDAPEST (Reuters) – Hungary, one of the European Union’s most-reliant members on Russian energy, aims to eliminate Russian gas imports by 2050 by a large-scale electrification drive, Technology and Industry Minister Laszlo Palkovics said on Tuesday. Under a 15-year deal signed last year, before the start of the war in neighbouring Ukraine, Hungary receives 4.5 …
Hungary aims to eliminate reliance on Russian gas by 2050 – minister Read More »
