By Huw Jones LONDON (Reuters) – The suspension of nickel trading in London and Stockholm’s flash crash in shares show the need to improve data on derivatives and review temporary halts to trading, the European Union’s markets watchdog said on Wednesday. Verena Ross, chair of the European Securities and Markets Authority (ESMA), said the halt …
Better derivatives data needed after LME nickel halt, says EU watchdog Read More »
MADRID (Reuters) – Spain’s Caixabank has hired real estate firm CBRE to sell its headquarters in downtown Madrid after it moved part its operations to a tower it bought from rival Bankia last year, a source with knowledge of the matter said. The source did not provide any detail about the potential price of the …
Caixabank hires CBRE to sell Madrid headquarters, source says Read More »
By Susan Mathew (Reuters) -European shares gave up early gains on Wednesday as weak German retail sales and slowing factory activity in the euro zone fanned worries about economic growth amid record high inflation. The pan-European STOXX 600 index was down 0.3%, after gaining as much as 0.4% in early trading. The benchmark shed 1.6% …
European shares slip as weak economic data heightens growth worries Read More »
By Foo Yun Chee LUXEMBOURG (Reuters) – Meta Platforms Inc on Wednesday compared searches by EU antitrust regulators to a fishing super trawler as they investigate the owner of Facebook’s data and online marketplace. Meta says it has already handed over more than a million documents to the European Commission since its first request in …
EU acted like a fishing trawler in antitrust data searches, Meta lawyer says Read More »
BRUSSELS (Reuters) – Euro zone unemployment was unchanged at its record low of 6.8% of the workforce in April, the European Union’s statistics office Eurostat said on Wednesday. In absolute terms, the number of people without jobs in the 19 countries sharing the euro eased to 11.181 million from 11.277 million in March. (Reporting by …
Euro zone unemployment unchanged at record low of 6.8% Read More »
LONDON (Reuters) – British businesses last month expected to raise their prices by 5.9% over the next year, cooling a little from 6.0% in April, a Bank of England survey showed on Wednesday. Companies expected to see wage growth of 4.8% over the coming year, the survey showed. (Reporting by Andy Bruce; editing by David …
UK firms expect to raise prices by 5.9% over coming year: BoE survey Read More »
(Reuters) – Sterling was struggling for direction on Wednesday, with investors concerned about a deteriorating growth outlook but ruling out a further significant pound decline. With UK markets closed on Thursday and Friday, analysts expect reduced volatility ahead of the long weekend. British manufacturing activity expanded in May at the weakest rate since January 2021, …
Sterling struggling for direction amid concerns about economy Read More »
(Reuters) – TomTom will slash hundreds of jobs due to improvements it has made in automating its mapmaking activities, the Dutch digital navigation company said on Wednesday, adding that the cuts would amount to around a tenth of its global workforce. “Regrettably, this will have an intended impact on approximately 500 employees in our Maps …
Navigation firm TomTom to cut jobs as it automates mapmaking Read More »
LONDON (Reuters) – British manufacturing activity expanded in May at the weakest rate since January 2021, as producers of consumer goods struggled against a worsening cost-of-living crunch, a survey showed on Wednesday. The final estimate of the S&P Global UK Manufacturing Purchasing Managers’ Index (PMI) fell to 54.6 in May from 55.8 in April, unchanged …
UK manufacturing growth hits 16-month low in May -PMI Read More »
(Reuters) -UK stocks were set for a long weekend with mild losses on Wednesday, as ex-dividend trading impacted shares of National Grid and Vodafone, while Dr. Martens surged more than 20% after the footwear brand lifted its annual revenue forecast. The blue-chip FTSE 100 snapped a five-session winning streak to drop 0.4%, with National Grid …
FTSE 100 slips ahead of long weekend as ex-dividend trades weigh Read More »
