(Reuters) -European shares rose on Friday, as sentiment stabilised at the end of a volatile week dominated by worries about aggressive monetary policy tightening and slowing global growth. The pan-European STOXX 600 index rose 1.3%, with banks and technology stocks leading early gains. Global markets, particularly U.S. stocks, have gyrated wildly this week as investors …
European stocks find support at end of volatile week Read More »
By Paul Sandle LONDON (Reuters) -British software company Sage said momentum in its cloud business would keep organic recurring revenue motoring in the second half as its customers turn to its digital products to help adapt to tougher economic conditions. The company, which provides accounting and other software to small and medium-sized businesses (SMBs), met …
Sage says small business customers remain ‘resilient’ Read More »
(Reuters) -Spanish national consumer prices rose 8.3% year-on-year in April, according to data from the National Statistics Institute on Friday, compared with 9.8% in March and a Reuters poll forecast of 8.4%. Core inflation, which strips out volatile food and energy prices, was at 4.4% year-on-year, up from a reading of 3.4% a month earlier …
LONDON (Reuters) – Ken Murphy, the CEO of Tesco, Britain’s biggest retailer, received a total pay package of 4.75 million pounds ($5.8 million) in 2021-22 and has been awarded a salary increase for the current year, the group’s annual report showed. Published on Friday, the report said Murphy, who joined Tesco in 2020, had fixed …
Boss of Britain’s Tesco made $5.8 million in 2021-22 Read More »
FRANKFURT (Reuters) – EnBW, Germany’s third-largest energy firm, said on Friday it nearly doubled its quarterly profit after a weak first quarter of 2021 thanks to strong performance at its generation unit as it worked to reduce its dependence on Russian energy. EnBW, whose VNG unit is one of Germany’s largest importers of Russian gas, …
More generation helps utility EnBW’s Q1 as it cuts imports from Russia Read More »
(Reuters) -French care home group Orpea, which faces criminal complaints over how it runs its centres and treats its elderly residents, said on Friday it would not pay a dividend on 2021 earnings and announced a financing scheme with its lenders as it faces major debt repayments. The firm said that with access to financial …
Care home operator Orpea skips dividend as it faces major debt repayments Read More »
FRANKFURT (Reuters) – Wingas, a Gazprom unit in Germany taken over by a German regulator and one of Germany’s biggest gas traders, said on Thursday it is one of the companies that no longer receives gas from Russia due to sanctions imposed by Moscow. Wingas added its customers are still receiving their contractually agreed gas …
Gazprom’s Wingas says it gets no gas from Russia, customers not affected Read More »
BERLIN (Reuters) – Germany’s lower house of parliament on Thursday approved a new version of a bill to secure energy supply, including possible expropriation of critical energy infrastructure and assets in the event of an emergency. As Europe’s biggest economy looks to guard against the risk of Russia turning off supplies, the new amendments, expected …
German lawmakers approve possible expropriation of energy companies Read More »
PARIS (Reuters) -French prosecutors have launched a preliminary criminal investigation after E. coli infections linked to a pizza factory for Nestle’s Buitoni brand could have led to the death of one person. An investigation was opened on Thursday on charges of the involuntary manslaughter of one person, the injuring of 14 others and breaches of …
French prosecutors probe death linked to E. coli at Nestle pizza plant Read More »
By Brenna Hughes Neghaiwi and Silke Koltrowitz ZURICH (Reuters) – The Swiss government on Thursday reported 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets frozen under sanctions to punish Moscow’s invasion of Ukraine, a drop from early April as around 3.4 billion francs in provisionally blocked assets were released. The figure marked a …
