Dec 12 (Reuters) – British outsourcing firm Capita said on Friday its sales growth eased in the second half of the year due to contract losses and revenue delays at key units. Revenue at its largest division Capita Public Service grew 4% in the 11 months to November 30, but moderated slightly in the second …
BERLIN, Dec 12 (Reuters) – German inflation rose to 2.6% in November, the federal statistics office said on Friday, confirming preliminary data. Inflation, or consumer prices harmonised to compare with other European Union countries, stood at 2.3% year-on-year in October. The statistics office gives more detailed monthly data on its website. (Reporting by Friederike Heine, …
OSLO, Dec 12 (Reuters) – Maersk has appointed Robert Erni as its new chief financial officer, replacing Patrick Jany who will step down during the first quarter of 2026, the Danish shipping group said in a statement on Friday. (Reporting by Terje Solsvik, editing by Essi Lehto)
By Andy Bruce MANCHESTER, England, Dec 12 (Reuters) – The Confederation of British Industry on Friday bumped up its economic growth forecast for next year, citing a temporary boost to government spending following the budget, while warning that deep-rooted problems remain. The business association predicted the economy will grow 1.3% next year, up from its …
UK’s CBI bumps up 2026 growth view due to ‘temporary’ budget boost Read More »
A look at the day ahead in European and global markets from Gregor Stuart Hunter After a banner year for precious metals, industrial metals are in focus today as the prospect of more stimulus from China pushes Shanghai copper futures to a record high. As the U.S. dollar falls to a two-month low after this …
Morning Bid: Copper edges past silver to take gold Read More »
LONDON, Dec 12 (Reuters) – Britons are set to spend 24.6 billion pounds ($32.9 billion) on presents and celebrations over the Christmas period this year, a 3.5% increase on 2024, despite a slow start to festive trading, according to a survey from PwC published on Friday. With Britain’s headline inflation rate running at 3.6% in October, PwC’s forecast would indicate …
UK Christmas spending to rise 3.5% despite slow start, says PwC Read More »
By Foo Yun Chee BRUSSELS, Dec 11 (Reuters) – Alphabet’s Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against favouring its own services and products in search results, people familiar with the matter said. A penalty against Google will likely rile the …
Exclusive-Google faces EU fine next year for favouring own services, sources say Read More »
By Aditya Soni and Kanchana Chakravarty Dec 11 (Reuters) – Oracle shares sank 13% on Thursday, sparking a tech selloff as the company’s massive spending and weak forecasts fanned doubts over how quickly the big bets on AI will pay off. The disappointing predictions from the crucial OpenAI cloud-computing partner show the uneven returns from …
Oracle slumps as gloomy forecasts, soaring spending fan AI bubble worries Read More »
By Abigail Summerville Dec 11 (Reuters) – Apollo Global Management is exploring options, including a sale or initial public offering, for Invited that could value the operator of golf and membership clubs at more than $3 billion including debt, according to sources familiar with the matter. Investment banks JPMorgan and Wells Fargo are working on …
By Foo Yun Chee BRUSSELS, Dec 11 (Reuters) – EU antitrust regulators failed to analyse properly the risks of Broadcom’s $69 billion acquisition of cloud computing firm VMware before clearing the deal, the Cloud Infrastructure Services Providers in Europe (CISPE) has told Europe’s second-highest court. CISPE, which has 46 members across Europe and both Microsoft …
