By Shreyashi Sanyal (Reuters) -European shares dipped on Wednesday after higher-than-expected U.S. inflation cemented views of a large interest rate hike by the Federal Reserve next week, but a rally in retailers led by Spain’s Inditex kept declines in check. The continent-wide STOXX 600 index slipped 0.1%, with rate-sensitive technology stocks down 0.5%. The banks …
BRUSSELS (Reuters) – Euro zone industrial production was much weaker than expected in July, data showed on Wednesday, mainly because of a sharp drop in the output of capital goods that are used for to make finished products and reflect business investment. The European Union’s statistics office Eurostat said industrial production in the 19 countries …
Euro zone industrial production much weaker than expected in July Read More »
(Reuters) – Dunelm Group reported higher annual profit on Wednesday and said sales remained robust in the first ten weeks of the new fiscal year, signalling strong demand for home furnishing despite the cost-of-living crisis in Britain. Shares rose as much as 6.5% in early trade. Chief Executive Officer Nick Wilkinson said the operating environment …
Dunelm reports higher annual profit on robust demand Read More »
BERLIN (Reuters) – The German government has sold all of its remaining shares in Lufthansa, the airline said on Wednesday, meaning that the company is now back in the hands of private investors after a state bailout kept it afloat during the COVID-19 pandemic. (Writing by Rachel More; Editing by Madeline Chambers)
LONDON (Reuters) – The Bank of England said on Wednesday that it would delay the publication of its monthly bank and building society lending data by a day until Sept. 30, due to a public holiday to mark Queen Elizabeth’s state funeral on Sept. 19. The BoE said it was making the change to give …
Bank of England delays monthly mortgage and credit data by a day Read More »
By Foo Yun Chee LUXEMBOURG (Reuters) -Alphabet unit Google on Wednesday suffered its second setback in less than a year as Europe’s top court agreed with EU antitrust regulators that it had abused its dominance but trimmed the fine by 5% because of a disagreement on one point. Google lost its challenge to a 2.42 …
Google loses challenge against EU antitrust decision, wins 5% fine cut Read More »
By Kate Abnett BRUSSELS (Reuters) – The European Union will unveil a package of measures on Wednesday aimed at pulling down surging gas and power prices that are stoking record-high inflation, hampering industrial activity and inflicting sky-high bills upon citizens ahead of winter. At the start of this month, Russia said it would not reopen …
Factbox-Europe’s plan to tackle winter energy crisis Read More »
By Tom Wilson LONDON (Reuters) – Sterling gained against the dollar on Wednesday as the greenback moving broadly lower and British inflation unexpectedly eased for the first time in a year. The pound rose 0.5% to $1.1546, pulling away from its three-decade low of $1.14070 hit last week. Against the euro, it rose 0.2% to …
Sterling gains against the dollar as UK inflation falls Read More »
BERLIN (Reuters) -The German government has sold off its 20% stake in Lufthansa acquired during the coronavirus pandemic, it said on Tuesday. The state’s economic stabilisation fund (WSF), which saved Lufthansa from bankruptcy during the pandemic with a bailout package totalling 9 billion euros ($8.97 billion), had progressively reduced its stake in recent years with …
German government sells remaining Lufthansa shares Read More »
By Sheila Dang and David Shepardson (Reuters) -The FBI informed Twitter Inc of at least one Chinese agent working at the company, U.S. Senator Chuck Grassley said during a Senate hearing on Tuesday where a whistleblower testified, raising new concerns about foreign meddling at the influential social media platform. Peiter “Mudge” Zatko, a famed hacker …
Twitter whistleblower reveals employees concerned China agent could collect user data Read More »
