By Lawrence White LONDON (Reuters) – HSBC will pay some of its British workforce a one-off payment of 1500 pounds ($1,830) to help them deal with the cost of living, a memo seen by Reuters on Monday said. In doing so the bank became the latest British lender to boost staff pay, as the country …
HSBC set to pay some UK staff 1500 pounds to combat cost of living crisis Read More »
By Eva Mathews (Reuters) -British auto and aircraft parts supplier Senior Plc on Monday resumed dividend payouts after a more than six-fold rise in first half adjusted profit as planemakers ramp up production to serve the post-pandemic recovery in air travel. Revenue increased 16% to 402.2 million pounds ($489.80 million) in the six months to …
Boeing supplier Senior resumes dividend as air travel boom swells profit Read More »
BRUSSELS (Reuters) – Euro zone unemployment was steady at 6.6% of the workforce in June, the European Union’s statistics office Eurostat said on Monday, in line with market expectations. Eurostat said the number of people without jobs in the 19 countries sharing the euro was 10.925 million in June, compared to 10.900 million in May …
Euro zone unemployment flat at 6.6% in June as expected Read More »
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog finalised tougher rules on Monday for advertising high risk products, such as peer-to-peer loans and the mini-bonds sold by investment firm London Capital & Finance (LCF), whose collapse led to a government bailout of investors. The Financial Conduct Authority (FCA) said firms approving and issuing marketing …
British financial watchdog toughens rules on high-risk product ads Read More »
BRUSSELS (Reuters) – Refuse collection trucks were included in a European truck cartel the European Commission fined in 2016, the top EU court ruled on Monday, opening the door to claims from buyers of these vehicles. The case was referred to the EU court related to a claim in 2016 for damages by the German …
Refuse trucks were in cartel, EU court rules in Daimler damages case Read More »
By Bansari Mayur Kamdar (Reuters) – European shares edged up on Monday as a jump in banking stocks after HSBC’s strong results offset fears of a global economic slowdown fanned by disappointing Chinese economic data and figures showing contraction in euro zone manufacturing activity. The pan-European STOXX 600 rose 0.2% in volatile trade. [MKTS/GLOB] The …
European shares rise as banks, HSBC offset weak data Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -Heineken NV on Monday posted higher-than-expected first-half earnings, as consumers bought more beer despite inflationary pressures, but the world’s second-largest brewer shelved its margin target for 2023 as costs spiked. The brewer of Heineken, Europe’s top-selling lager, as well as Tiger, Sol and Strongbow cider, sold more beer than expected, …
Heineken posts strong first-half, shelves 2023 margin target Read More »
LONDON (Reuters) – British manufacturing output and new orders declined in July at the fastest rate since May 2020, as factories across Europe struggled with rising costs and slowing demand, a survey showed on Monday. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell last month to 52.1 from 52.8 in June, revised down …
UK factory output, orders shrink at fastest pace since 2020-PMI Read More »
ATHENS (Reuters) – Greek manufacturing activity declined in July, hit by faster contractions in production and new orders as high inflation took a toll on client demand, a survey showed on Monday. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about 10% of the Greek economy, fell to 49.1 in July from …
Greek July factory activity slumps, new orders fall – PMI Read More »
By David Milliken LONDON (Reuters) – British businesses do not expect any growth over the next three months, as a surging cost of living squeezes consumer demand, a monthly survey showed on Sunday. The Confederation of British Industry (CBI) said members reported above-average growth in the three months to the end of July – slightly …
UK businesses expect zero growth over next 3 months – CBI Read More »
