By Dhara Ranasinghe and Sujata Rao LONDON (Reuters) – The euro’s tumble below $1 for the first time in two decades puts it on course for one of the worst years in its history, especially if the energy price shock triggered by the Ukraine conflict tips the bloc into a prolonged economic crisis. The single …
Analysis-Euro is at parity; its fate is now with energy markets Read More »
By William Schomberg and Andy Bruce LONDON (Reuters) -Britain’s economy grew unexpectedly in May, driven by a rise in doctor appointments but also broader demand for things such as holidays, according to data that could reassure the Bank of England about its plans to keep on raising interest rates. Economic output expanded by 0.5% in …
UK economy jumps in May as doctors and travel agents get busy Read More »
By Richa Naidu LONDON (Reuters) -Enfamil maker Reckitt on Wednesday afternoon flew 65 tonnes of baby formula to Chicago from its plant in Singapore, aiming to end a months-long shortage in the United States by late summer, a senior executive said. Similac maker Abbott Laboratories in February recalled dozens of types of baby formula, taking …
Enfamil maker Reckitt flies baby formula to U.S. from Singapore Read More »
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) -UK’s blue-chip FTSE 100 fell on Wednesday after hotter-than-expected U.S. inflation data slammed global markets, while a surprise growth in Britain’s economy failed to assuage recession worries. The FTSE 100, which houses several global companies that draw a large part of their revenue in dollars, dropped 0.7% …
FTSE 100 falls as UK’s surprise growth fails to ease recession fears Read More »
(Reuters) – Britain’s antitrust watchdog said on Wednesday it has started investigating if supermarket group Morrisons’ acquisition of certain assets of convenience store chain McColl’s would lead to lesser competition. The Competition and Markets Authority has set a deadline of Sept. 8 for its initial decision. (Reporting by Muhammed Husain in Bengaluru;Editing by Arun Koyyur)
LUXEMBOURG (Reuters) – EU antitrust regulators can scrutinise U.S. life sciences company Illumina’s $8 billion cash-and-stock takeover of Grail following a request from France and other EU countries, Europe’s second-top court said on Wednesday. The case is important for EU antitrust chief Margrethe Vestager who wants to expand the European Commission’s power to examine big …
EU regulators can examine Illumina, Grail deal, EU court says Read More »
LONDON (Reuters) – The British pound rose slightly on Wednesday, helped by a broadly weaker dollar and after data showed the UK economy grew unexpectedly in May. Economic output expanded by 0.5% in May, although consumer services fell as the surge in inflation hit shoppers. A Reuters poll of economists had pointed to zero growth …
Sterling edges higher as UK growth beats forecasts Read More »
BRUSSELS (Reuters) – Euro zone industrial production increased by more than expected in May as output of capital and non-durable consumer goods picked up sharply during the month, data showed on Wednesday. The European Union statistics agency Eurostat said industrial production in the 19 countries sharing the euro single currency rose by 0.8% month-on-month and …
Euro zone industrial output rises beyond expectations in May Read More »
By Brenna Hughes Neghaiwi and Elizabeth Dilts Marshall NEW YORK (Reuters) -UBS, the world’s biggest wealth manager, on Tuesday named Iqbal Khan the sole head of the Swiss bank’s global wealth management division in an executive board reshuffle. Khan, who joined Switzerland’s biggest bank in 2019 to co-head its flagship division, will take over when …
LONDON (Reuters) -Britain is likely to see around 35 billion pounds ($41.62 billion) in pensions buy-in and buy-out deals in 2022, up more than 25% from 2021, consultants Hymans Robertson said on Wednesday. Such deals involve offloading the risk of company defined benefit, or final salary, pension schemes to an insurer. Pensions’ funding positions have …
UK pensions insurance deals to rise more than 25% in 2022-adviser Read More »
