LONDON (Reuters) -British supermarket group Sainsbury’s has exchanged contracts with LXi REIT on a deal to sell 18 stores in southern England for 500 million pounds ($562 million) to the property investor and then lease them back. The companies had said on Wednesday they were in talks on a deal. LXi REIT said on Thursday …
UK’s Sainsbury’s agrees 500 million stg sale of stores to LXi REIT Read More »
By Victoria Klesty OSLO (Reuters) -Norway’s central bank raised its benchmark interest rate by 50 basis points to 2.25% on Thursday, as most economists had expected, but said future hikes would be more “gradual”, weakening the crown currency. Norges Bank said it would probably hike again in November, but its rate path forecasts suggested a …
Norway raises rates by 50 basis points, eyes smaller hikes ahead Read More »
FRANKFURT (Reuters) – Deutsche Bank will need to look at 2023 “with caution”, the lender’s finance chief James von Moltke said on Thursday. Von Moltke, speaking at a financial conference, foresaw a “difficult time ahead” for households and corporations. (Reporting by Tom Sims and Marta Orosz; Editing by Madeline Chambers)
(Reuters) – Ball Corp said on Wednesday that it has completed the sale of its beverage packaging business in Russia to Arnest Group for $530 million. In March, the sustainable metal packaging maker reduced operations at its three manufacturing facilities in Russia immediately after the country’s invasion of Ukraine and were looking to pursue a …
Ball Corp sells Russian business to Arnest Group for $530 million Read More »
(Reuters) -A union representing workers at BT Group and its networking arm Openreach said on Wednesday its members will hold a national strike over pay in October, adding to a wave of industrial action as inflation hits 40-year highs. Some 40,000 workers, including BT Group’s 999 emergency call handlers, will hold a strike for four …
BT Group workers announce further strike action over pay dispute Read More »
By Mehnaz Yasmin (Reuters) -Citigroup Inc said on Wednesday it was planning to wind down its retail bank in the United Kingdom, aiming to further streamline operations as part of its chief executive’s strategy. The move would help Citi improve its focus on services to wealthy clients, the bank said, adding that it had asked …
Citigroup plans to wind down UK retail bank as part of strategic refresh Read More »
LONDON (Reuters) – Prime Minister Liz Truss’s plans to cut payroll taxes and reverse a planned increase in corporation tax risk putting Britain’s national debt on an unsustainable upward path, the Institute for Fiscal Studies think tank said on Wednesday. Truss promised the tax cuts, worth around 30 billion pounds a year, as part of …
UK tax cuts risk ‘unsustainable’ debt rise – think tank Read More »
By Paul Sandle LONDON (Reuters) -The British government on Wednesday said it would cap wholesale electricity and gas costs for businesses at less than half the market rate from next month, helping relieve the pressure of soaring energy costs but adding to the government’s fast-rising spending. Wholesale prices for electricity will be capped at about …
UK eases pressure on business by halving energy bills this winter Read More »
By Tim Hepher and Jamie Freed PARIS/SINGAPORE (Reuters) – Airbus is quietly relaxing pressure on suppliers to commit to a sharp output hike to 75 narrow-body jets a month by mid-decade, amid growing doubts over the ability of battered supply chains to meet the deadline, industry sources said. Officially, Airbus continues to target output of …
Airbus eases pressure on suppliers but keeps output goals -sources Read More »
PARIS (Reuters) – French energy major TotalEnergies should pay about $30 billion in terms of taxes and production taxes worldwide, its chief executive Patrick Pouyanne told a French parliament committee hearing. He also said that refining margins are positive at the moment. (Reporting by GV De Clercq; Editing by Sudip Kar-Gupta)
