COPENHAGEN (Reuters) – Jewellery maker Pandora said on Wednesday it will build a bigger distribution centre in the U.S. state of Maryland to support expansion in North America, its largest and fastest growing market. The Danish company, which has 500 stores in the United States, saw 12% organic growth in the country in the first …
Jewellery group Pandora builds bigger US distribution centre Read More »
ROME (Reuters) – Italian industrial output rose by 0.4% in July from the previous month, data showed on Wednesday, in a further sign of recovery for the long-struggling manufacturing sector. A Reuters survey of 14 analysts had pointed to a 0.1% decrease. The data was the second positive surprise in a row, after a 0.2% …
Italy’s July industrial output unexpectedly rises in renewed sign of recovery Read More »
(Reuters) -Wizz Air will cease its base operations in Vienna by March 2026, the Hungarian low-cost airline said on Wednesday, following a strategic review. “The airport cost base in Vienna, as well as taxes and ground handling services, has risen significantly since our launch, making continued operations unsustainable,” Managing Director Mauro Peneda said in a …
Wizz Air to cease Vienna base operations by March 2026 Read More »
OSLO (Reuters) -Equinor believes in offshore wind farm developer Orsted’s core business but is not at a stage where the two will merge their renewables businesses, the Norwegian group’s board chair said on Wednesday. Oil group Equinor holds a 10% stake in Orsted and has said it will take part in the Danish group’s emergency …
MOSCOW (Reuters) -Russia is considering a moratorium on bankruptcies in the metals industry, a government document showed on Wednesday, in a sign of growing concern about a sector struggling with falling demand, high interest rates and a strong rouble. The document, a protocol from the government’s financial stability commission meeting on August 28, asked the …
Russia considers moratorium on bankruptcies of indebted metals giants Read More »
By James Davey LONDON (Reuters) – Primark’s owner Associated British Foods warned that underlying sales at the budget fashion chain will decline in its second half, as improving UK trading is outweighed by weaker demand in continental Europe, sending its shares sharply lower. The group, which also owns major grocery, sugar, agriculture and ingredients businesses, …
AB Foods warns of Primark sales dip as Europe drags, shares tumble Read More »
LONDON (Reuters) -The pound held steady on Wednesday, hemmed in by a firm dollar ahead of key U.S. inflation data this week, and by a degree of stasis ahead of rate meetings at both the Federal Reserve and the Bank of England next week. Sterling was up 0.1% at $1.3539 around midday in London. The …
Sterling holds steady, propped up by rate outlook Read More »
BERLIN (Reuters) -The German government is examining several options for both SEFE and Uniper, the energy firms Germany nationalised during Europe’s energy crisis, including a separate sale or a possible listing, the economy ministry said on Wednesday. “The federal government is examining various options with an open mind,” a spokesperson for the ministry said. Gazprom …
Germany mulls several options for SEFE and Uniper, including sale or IPO Read More »
OSLO (Reuters) -Norway’s annual core inflation rate held steady at 3.1% in August, in line with July, official data showed on Wednesday, but underlying data pointed to an acceleration of prices, casting doubt on the prospect of interest rate cuts. Norway’s currency, the crown, strengthened slightly on the news, trading at 11.61 at 1009 GMT …
Norway’s underlying inflation casts doubt on rate cut Read More »
By Hannah Lang (Reuters) -The long-awaited New York listing of Stockholm-based buy now, pay later (BNPL) giant Klarna on Wednesday has once again shone a spotlight on the installment plans which have ballooned in popularity among U.S. shoppers in recent years. BNPL exploded as the COVID-19 pandemic forced more shoppers online, driving $82.4 billion in …
As Klarna readies IPO, five charts mapping BNPL use Read More »
