Reuters UK Business

PARIS (Reuters) – Orange’s headquarters were raided on March 10 by the French antitrust watchdog, business magazine Capital reported on Tuesday, notably over suspicions of an abuse of its dominant position in the fibre optic broadband market. The raid also targeted three other corporate sites of the state-controlled telecoms group, which has a 40% share …

Orange’s headquarters raided in March by French antitrust authority – Capital Read More »

By Tom Sims and Alexander Hübner FRANKFURT (Reuters) – Shares in Deutsche Bank and Commerzbank traded sharply lower on Tuesday after the previous day’s sale of more than 5% in both of Germany’s top two lenders by an undisclosed investor. The exit by the large shareholder follows a similar move by U.S. private equity firm …

Deutsche Bank and Commerzbank shares slide after investor sale Read More »

By Paul Sandle LONDON (Reuters) – EasyJet said it was yet to see an easing of crew sickness that is causing it to cancel flights and disrupt the Easter plans of thousands of travellers, but it was confident it would be able to return to a near pre-pandemic schedule this summer. The British low-cost carrier …

EasyJet says high crew absence not yet improving Read More »

LONDON – Sterling slipped against a stronger dollar on Tuesday after data showed that Britain’s jobless rate fell in the three months to February. While stock markets were in the red, the dollar was a touch higher as traders waited for U.S. inflation data that was expected to reinforce expectations for the Federal Reserve to …

Sterling slips, UK jobless rate lowest since 2019 Read More »

By Sruthi Shankar (Reuters) -European shares fell on Tuesday to their lowest in nearly a week as Deutsche Bank and Commerzbank slumped after a big stake sale, while investors awaited U.S. inflation data that could spur bets of bigger interest rate hikes. The pan-European STOXX 600 index fell 0.9%, with banks the worst hit. Deutsche …

Banks drag European stocks lower ahead of U.S. inflation data Read More »

By James Davey LONDON (Reuters) -Supply chain snags hammered first-half profit at ASOS and the British online fashion retailer warned its expectations for a much better second half could be disrupted by surging inflation. Shares in the company, which sells fast-fashion aimed at 20-somethings, dropped as much as 6% in early Tuesday trading after it …

Inflation clouds ASOS’s hopes for brighter second half Read More »

By Aby Jose Koilparambil (Reuters) – Britain’s Deliveroo said on Tuesday that consumer spending could slow for the remainder of the year after the food delivery firm reported higher order values for the first quarter. The warning comes as Europeans face a cost-of-living squeeze due to higher energy bills and soaring inflation, exacerbated by the …

Deliveroo warns of slower consumer spending after posting 12% rise in order value Read More »

FRANKFURT (Reuters) -Euro zone banks plan to sharply tighten access to corporate credit in the second quarter as the war in Ukraine weighs on the outlook and cuts deep into their risk tolerance, a European Central Bank survey showed on Tuesday. As the war drags on and inflation soars, policymakers have become increasingly concerned that …

Euro zone banks to tighten corporate credit access on war fears: ECB Read More »

(Reuters) -Sonatrach has signed on Monday a deal on gas with Italian firm ENI, but no details on volumes have been disclosed, the Algerian state-owned energy company said in a statement. The deal will allow the speeding of natural gas projects, the statement added. Sonatrach has also set with ENI new gas sales prices for …

Algeria’s Sonatrach says it signs gas deal with Italy’s Eni Read More »