LONDON (Reuters) – Britain’s construction sector grew at its fastest pace in six months in January as worries about the latest wave of COVID-19 cases ebbed and cost pressures further diminished, a survey showed on Friday. The IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) rose to 56.3 – the highest reading since July last …
UK construction sector sees post-Omicron bounce in January – PMI Read More »
LONDON (Reuters) -British new car registrations are likely to grow less strongly in 2022 than previously thought due to the cost-of-living squeeze and ongoing supply problems, the Society of Motor Manufacturers and Traders (SMMT) said on Friday. Sales were now forecast to rise by more than 15% in 2022 compared with last year, hitting 1.897 …
UK auto industry cuts 2022 sales forecast due to income squeeze Read More »
LONDON (Reuters) -British new car registrations are likely to grow less strongly in 2022 than previously thought due to the cost-of-living squeeze and ongoing supply problems, the Society of Motor Manufacturers and Traders (SMMT) said on Friday. Sales were now forecast to rise by more than 15% in 2022 compared with last year, hitting 1.897 …
UK auto industry cuts 2022 sales forecast due to income squeeze Read More »
FRANKFURT (Reuters) – Euro zone companies expect wages to rise by 3% or more this year as workers demand to be compensated for inflation and it becomes more difficult to find staff such as builders and software engineers, the European Central Bank said on Friday. Wage growth is a crucial indicator for the ECB in …
Euro zone firms see wages rising by 3% or more, ECB says Read More »
FRANKFURT (Reuters) – Euro zone inflation could still fall below 2% next year, a fresh survey published by the European Central Bank showed on Friday, just a day after the bank warned about growing consumer price pressures. The ECB kept policy unchanged on Thursday but finally acknowledged mounting inflation risks and even opened the door …
ECB survey sees inflation back under target next year Read More »
By Isla Binnie MADRID (Reuters) -Spanish power and gas group Naturgy slightly beat its 2021 earnings guidance on Friday, boosted by a recovery in energy demand as the global economy emerged from the COVID-19 slump and higher gas prices. Naturgy generates and sells gas and power and operates gas infrastructure, mainly in Spain and Latin …
Naturgy beats 2021 earnings guidance on strong energy demand Read More »
(Reuters) -Britain’s energy regulator Ofgem on Friday opened a consultation on a proposal to switch from half-yearly to quarterly price cap updates and reducing the advance notice for new tariffs to take effect. “We are consulting on a number of changes to the price cap methodology in response to the recent unprecedented rise in wholesale …
UK energy regulator proposes more frequent price cap updates Read More »
By Terje Solsvik OSLO (Reuters) – Oil and gas firm Vaar Energi said on Friday its planned stock market listing in Oslo this month could value the Eni spin-off at up to 79 billion Norwegian crowns ($9.1 billion). The touted price tag could make Vaar Norway’s third largest new stock market entrant of all time, …
Vaar Energi’s Oslo IPO may value the Eni spin-off at $9 billion Read More »
LONDON (Reuters) -Major central banks are clearly moving into inflation-fighting mode, with the Bank of England on Thursday hiking interest rates for the second time in as many months. Others are also starting to lift ultra-low borrowing costs, and even the most dovish are beginning to unwind the stimulus unleashed to shield economies from the …
Exit from central bank stimulus gathers pace as BoE hikes again Read More »
ZURICH (Reuters) – Credit Suisse is pulling out of its wealth management business in a number of African countries, and the private clients are to switch to Barclays, a spokesperson for the Swiss bank said on Friday, confirming a Bloomberg report. “Credit Suisse has signed a private banking client referral agreement with Barclays as part …
Credit Suisse quits wealth management in several African countries Read More »
