Reuters UK Business

By Shreyashi Sanyal (Reuters) -UK shares ended lower on Friday, tracking global markets betting on aggressive U.S. rate hikes, but the main indexes still marked their best week so far in 2022 as data showed Britain’s economy suffered less than feared from the Omicron coronavirus wave. The blue-chip FTSE 100 slipped 0.2%, while the mid-cap …

UK shares slip, but notch up best week so far in 2022 Read More »

By Anisha Sircar and Ambar Warrick (Reuters) -Losses in technology stocks dragged down European shares on Friday after red-hot U.S. inflation drove up bond yields, although a positive earnings season and strong commodity prices helped the STOXX 600 log its first weekly gain this year. The pan-European STOXX 600 index closed 0.6% lower, but added …

European shares end lower, but mark first positive week this year Read More »

By Toby Sterling AMSTERDAM (Reuters) – Venture capitalists have invested billions of dollars in fast grocery delivery services such as Turkey’s Getir and Germany’s Gorillas and Flink, in a race to expand across Europe to meet soaring demand during COVID-19 lockdowns. But this new mainstay of city life is facing pushback from some residents and …

European fast grocery hits speed bump with Dutch halt on new ‘dark stores’ Read More »

LONDON (Reuters) -British American Tobacco on Friday reported a 7% rise in full-year adjusted revenue to 25.7 billion pounds ($34.8 billion), helped by sales of e-cigarettes and oral nicotine. The world’s second-largest tobacco company also announced a dividend increase of 1.0% to 217.8 pence and a 2 billion pound share repurchase programme for 2022. It …

BAT sales jump on vaping, oral nicotine; announces 2 billion stg buyback Read More »

ZURICH (Reuters) -The Swiss Trade Union Federation (SGB) decided on Friday to launch a campaign for a referendum on tapping into the Swiss National Bank’s cash pile to help shore up the national pension scheme. “Due to extraordinarily high profits and negative interest rates, the SNB’s distribution potential has risen sharply. This money belongs to …

Swiss labour unions launch demand for SNB cash to bail out pensions Read More »

By Anne Kauranen HELSINKI (Reuters) -Finnair will remain a stand-alone airline and stick to its Asia-focused strategy while adding new routes to the United States, Chief Executive Topi Manner said on Friday. Finland’s national carrier has bet heavily on providing connections to Asia from its Helsinki hub so the recovery of Asian traffic from the …

Finnair to stay independent and stick to Asia strategy, says CEO Read More »

BELGRADE (Reuters) – Protesters have pitched tents in front of Serbia’s presidency building demanding a halt to lithium exploration on environmental grounds, fearing a project that has its licence revoked will be resurrected after April’s election. The protest is a headache for the ruling Serbian Progressive Party ahead of the vote expected on April 3 …

Green activists stage tent protest to halt lithium exploration in Serbia Read More »

FRANKFURT (Reuters) -Germany and Austria should curb a boom in house prices by setting caps on mortgages and forcing banks to build up more capital, the European Union’s financial stability watchdog said on Friday. The European Systemic Risk Board’s recommendations, published on Friday but dating back to early December, were designed to speed up action …

Germany and Austria told to curb boom in home prices Read More »