WASHINGTON (Reuters) – The European Central Bank may need to cut its growth outlook further as the fallout of Russia’s war in Ukraine weighs on households and businesses, ECB President Christine Lagarde said on Thursday. “Risks are skewed to the downside for growth – so there might be more cuts to come – and to …
ECB may need to cut growth outlook further -Lagarde Read More »
By Devik Jain and Amal S (Reuters) -London’s FTSE 100 pared losses to end flat on Wednesday as gains in cyclical and energy stocks countered underwhelming production updates from mining companies, while gains in airline stocks and brick maker Ibstock helped the midcap index stay afloat. The blue-chip index ended flat, with consumer staple names …
London’s FTSE 100 ends flat as miners weigh; Ibstock tops FTSE 250 Read More »
LONDON (Reuters) -Britain’s consumers increased visits to retailers and leisure providers in the run-up to the Easter holiday weekend and bookings at restaurants were their strongest in seven months, according to data published by the country’s statistics agency. Visits to retail and recreation locations increased by 8% to 91% of their pre-coronavirus levels in the …
More Britons go out shopping and dining ahead of Easter – ONS Read More »
PARIS (Reuters) -Shares in Carrefour fell nearly 4% on Thursday after Europe’s largest food retailer reported first-quarter sales that showed a lacklustre performance in its core French market, overshadowing more robust growth in Brazil. The French retailer said on Wednesday it was confident about its 2022 outlook, confirming a key cash flow target for the …
Carrefour shares fall as retailer’s French Q1 sales disappoint Read More »
By Lawrence White LONDON (Reuters) – Lloyds Banking Group has hired Rebecca Heaton as director of environmental sustainability, the British bank said on Thursday, as it moves to deliver on its promise of achieving net zero emissions. The hire comes at a time when rival banks are likewise hiring climate change experts, as they seek …
Lloyds hires Rebecca Heaton as director of sustainability Read More »
BRUSSELS (Reuters) – Euro zone inflation in March was marginally lower than earlier reported, the EU’s statistics office said on Thursday, but still at record highs because of a surge in the cost of energy. The European Union’s statistics office Eurostat said consumer prices in the 19 countries sharing the euro rose 2.4% month-on-month in …
Euro zone March inflation revised slightly down, still at record Read More »
BERLIN (Reuters) – Continental lowered its expected earnings margin for the year to 4.7-5.7% from 5.5-6.5% due to lower anticipated global production of passenger cars and rising costs in raw materials, energy, and logistics. The supplier said it expected global production of passenger cars and light commercial vehicles to increase 4-6% year on year in …
Continental lowers earnings outlook amid rising costs Read More »
By Kate Abnett BRUSSELS (Reuters) – European Union countries are edging towards a deal on how to share the burden of cutting greenhouse gas emissions within the EU, with states poised to accept national targets proposed by Brussels last year, according to diplomats and a draft document seen by Reuters. The EU’s “effort sharing” policy …
EU countries edge towards deal to share out emissions-cutting efforts Read More »
By Tom Wilson, Mrinmay Dey and Akriti Sharma (Reuters) -The world’s largest cryptocurrency exchange is deactivating the accounts of its major clients in Russia, it said on Thursday, cutting back its services in the country in line with European Union sanctions. Binance told users that Russian nationals and people living in the country, as well …
Crypto exchange Binance curbs services in Russia Read More »
By Anisha Sircar (Reuters) -European shares rose on Thursday following a series of positive earnings updates, while miners dropped more than 2% as Anglo American slumped after slashing its production outlook. The pan-European STOXX 600 firmed 0.5%, rising for a second straight day, with construction and travel shares in the lead. Miners dropped 2.3%, leading …
European shares extend gains on upbeat earnings; Anglo American drags miners lower Read More »
