By Sruthi Shankar (Reuters) – London’s FTSE 100 rose on Friday after data showed Britain’s economy contracted less than feared in the second quarter, while drugmaker GSK steadied after heavy selling this week on litigation concerns. The FTSE 100 rose 0.6% and was on course for a fourth straight weekly gain, while the FTSE 250 …
FTSE 100 climbs on smaller-than-expected GDP contraction, GSK rebound Read More »
By Shreyashi Sanyal (Reuters) -European shares rose on Friday after GSK led a rebound in healthcare stocks, while Flutter fuelled a rally in the travel and leisure sector after an upbeat earnings forecast. GSK added 2.2% after a tumble in the previous session on growing worries about U.S. litigation focused on a heartburn drug that …
European shares rise as healthcare rebounds, travel stocks gain Read More »
LONDON (Reuters) -Shares in GSK, Sanofi <SASY.PA and Haleon began to stabilise on Friday after the companies said that nothing material had changed regarding U.S. litigation focused on heartburn drug Zantac. The companies’ share prices had fallen sharply this week on investor concern about the litigation over potential cancer-causing impurities that prompted the drug’s withdrawal …
GSK, Sanofi and Haleon shares stabilise after Zantac litigation slump Read More »
By Andy Bruce and William James LONDON (Reuters) – Britain’s economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although sectors most exposed to a worsening cost of living crisis, like retail and restaurants, struggled. Output for the second quarter as a whole still contracted, …
Troubled UK economy rides out Jubilee disruption, but recession looms Read More »
By William James and Susanna Twidale LONDON (Reuters) -British leadership candidate Liz Truss, the front-runner to become prime minister, said that while energy giants should be held to account their profits should not be seen as either dirty or evil. Her comments came as analysts forecast a cap on the most widely used household energy …
UK’s Truss says energy firm profit is not evil as bill forecasts soar Read More »
BERLIN (Reuters) – Forty percent of Germans – more than ever before – expect to be worse off in a year’s time, an opinion poll published on Friday showed, highlighting households’ concerns about high inflation in Europe’s largest economy. The poll for broadcaster ZDF by Forschungsgruppe Wahlen, which surveyed 1,389 Germans of voting age from …
Inflation a growing concern for Germans, poll shows Read More »
By David Shepardson WASHINGTON (Reuters) – Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving Tesla Inc electric vehicles using Autopilot and advanced driver assistance systems, according to a letter seen by Reuters. U.S. Senator Gary Peters and Representative Jan …
Two lawmakers ask U.S. regulator about Tesla crashes, safety probes Read More »
By John Chalmers and Hyunjoo Jin BRUSSELS (Reuters) -The European Union and South Korea raised concerns about proposed U.S. tax credits for purchases of electric vehicles, saying they may adversely affect foreign-made vehicles and breach World Trade Organization (WTO) rules. Under the $430 billion climate and energy bill passed by the U.S. Senate on Sunday, …
EU, Korea say U.S. plan for EV tax breaks may breach WTO rules Read More »
By Arathy Somasekhar and Laila Kearney HOUSTON (Reuters) -U.S. offshore oil producers Shell, Chevron and Equinor on Thursday halted operations at facilities pumping hundreds of thousands of barrels of oil per day, citing an onshore pipeline leak that a port official said should take about a day to fix. The shut-ins are not expected to …
Oil output halted at 7 U.S. Gulf platforms on pipeline outage Read More »
By Arriana McLymore and Siddharth Cavale (Reuters) – Walmart Inc could face an uphill battle to reclaim U.S. shoppers who opted for the neighborhood dollar store or Aldi rather than driving farther to a Walmart Supercenter when gasoline was $5 a gallon. While gasoline prices have dropped nearly 20% over the past month, there are …
Inflation steers budget shoppers away from Walmart. Bringing them back may not be easy Read More »
