Reuters UK Business

Germany holds ‘constructive’ talks with Telegram, plans more

4 Feb 2022

BERLIN (Reuters) – Germany’s Interior Ministry has held talks with representatives of Telegram, the messenger service popular with far-right groups and people opposed to pandemic-related restrictions, a ministry spokesperson said on Friday. “The Interior Ministry has held an initial constructive discussion with representatives of Telegram’s top management. It was also agreed to continue and intensify …

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BoE would have to think about more action if wage costs don’t ease-Pill

4 Feb 2022

LONDON (Reuters) – The Bank of England may have to take further action if higher wages and other domestically driven inflation pressures prove more persistent than the central bank is forecasting, BoE Chief Economist Huw Pill said on Friday. “A key assumption in our forecast… is that we don’t see from the middle of next …

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TomTom shares slump as lower car production weighs on recovery

4 Feb 2022

By Anait Miridzhanian (Reuters) -Shares of Dutch navigation and digital mapping company TomTom plunged on Friday after it reported a bigger-than-expected quarterly core loss due to lower car production volumes hurt by supply chain shortages. TomTom, whose customers include Volkswagen and Microsoft, has been hit by semiconductor supply chain issues, which have forced carmakers around …

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Italy’s Technoprobe eyes valuation of up to 3.8 billion euros in IPO

4 Feb 2022

MILAN (Reuters) -Italy’s Technoprobe said on Thursday it would price its shares between 5.40 and 6.30 euros each in an initial public offering valuing the microelectronics company at up to 3.8 billion euros ($4.35 billion). The offering is expected to run between Feb. 4 and Feb. 14, with the start of trading provisionally set for …

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ECB’s Kazimir says future inflation risks clearly on upside

4 Feb 2022

PRAGUE (Reuters) – Inflation risks in the euro zone are clearly on the upside and the European Central Bank will not hesitate to act, if needed, ECB Governing Council member Peter Kazimir said on Friday. “Risks related to future inflation developments are today clearly on the upside,” Kazimir said in comments on the Slovak National …

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French nuclear capacity low in February, need for vigilance remains – RTE

4 Feb 2022

PARIS (Reuters) -French power grid operator RTE said France’s nuclear capacity in February was expected to remain around the relatively low level recorded last winter, but there was little risk to power supply as mild weather was expected in the coming weeks. Still, the RTE said it was necessary to maintain a heightened level of …

French nuclear capacity low in February, need for vigilance remains – RTE Read More »

Facebook-owner Meta says it will pay new $2 million UK fine

4 Feb 2022

LONDON (Reuters) -Britain’s competition regulator said on Friday it had fined Facebook-owner Meta 1.5 million pounds ($2 million) over fresh issues regarding its purchase of Giphy, a sanction that the U.S. firm said it would accept. Britain’s Competition and Markets Authority (CMA) has taken a tough line with major tech groups in recent years, investigating …

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Upper Crust owner’s sales on the rise as UK commuters return to the office

4 Feb 2022

By Muhammed Husain (Reuters) -Britain’s SSP, owner of Upper Crust and other catering brands, said on Friday that sales were recovering as people were commuting by train to work again after coronavirus curbs hit travel and slowed growth at its airport and rail station outlets. SSP, which also runs Burger King and Jamie Oliver chains …

Upper Crust owner’s sales on the rise as UK commuters return to the office Read More »

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