By Jonathan Cable LONDON (Reuters) – The outlook for British home prices has barely changed in the last three months on steady expectations for falling borrowing costs, according to a Reuters poll of property experts who said the government would achieve around two-thirds of its construction target. Labour Prime Minister Keir Starmer has vowed to build …
WARSAW (Reuters) -Poland’s energy market regulator has cut the gas prices that wholesaler PGNiG Obrot Detaliczny charges to households and vulnerable users including hospitals and schools by 14.8%, increasing the chance of more interest rate cuts. Gas distribution fees remain unchanged, which will result in average gas bills falling by between 8.1% and 11% depending …
Poland cuts household gas prices, raising chances of lower interest rates Read More »
(Reuters) -British insurer Hiscox said it had appointed Peter Clarke, former CEO of hedge fund Man Group, as chair designate on Thursday. Clarke will take over from interim chair Colin Keogh starting July 1. Hiscox shares rose 0.9% as markets opened, slightly outperforming the FTSE 100 index. Hiscox’s previous chairman, Jonathan Bloomer, died nine months …
UK’s Hiscox names former Man Group CEO Peter Clarke as new chairman Read More »
LONDON (Reuters) -Glencore said on Thursday it had restructured its coal business by moving its recently acquired Canadian mines into a single unit run out of Australia, making it easy to manage. The Swiss-based miner and trader bought Canadian miner Teck Resources’ steelmaking coal assets for $6.9 billion and initially outlined a plan to spin …
Glencore restructures coal assets under single Australian unit Read More »
By James Davey LONDON (Reuters) -Britain is not in the midst of a supermarket price war despite some suggestions to the contrary, the boss of the UK arm of German discounter Aldi said, warning rivals his business still had “huge potential” for growth. In March, Asda, Britain’s third largest grocer, boosted speculation of a price …
There is no UK supermarket price war, says Aldi boss Read More »
By James Davey LONDON (Reuters) -The boss of British supermarket Asda said he was seeing “green shoots” of recovery after the group slowed the rate of its sales decline in its first quarter, helped by lower prices and better product availability. Asda, Britain’s third largest food retailer after Tesco and Sainsbury’s, said like-for-like sales in …
UK supermarket Asda seeing ‘green shoots’ of recovery Read More »
BENGALURU (Reuters) – The European Central Bank will almost certainly cut interest rates on June 5, with a more than 70% majority of economists polled by Reuters expecting policymakers to pause for the first time in a year in July despite a weak economy at risk from the U.S.-led trade war. There appears to be …
ECB to cut rates on June 5 but skip July as end of easing campaign nears: Reuters poll Read More »
By Danilo Masoni MILAN (Reuters) -A rally in Deutsche Boerse shares illustrates how Europe is bridging a value gap with its Wall Street peers, as fiscal stimulus and a shift in global capital flows help drive a broad re-rating from depressed levels. Following a near 30% rally so far this year, the German exchange operator …
Deutsche Boerse rally shows a European re-rating is underway Read More »
MADRID (Reuters) -International travel spending in Europe is expected to rise by 11% to $838 billion this year, with France and Spain among the countries set to receive record numbers of tourists, according to a report by the World Travel and Tourism Council. The rosy forecast may be influenced in part by some tourists avoiding …
International tourist spending in Europe seen up 11% this year, report says Read More »
By Eric Onstad LONDON (Reuters) -Britain’s Less Common Metals, one of the few firms outside China involved in a key step of rare earths processing, plans to build a plant in France, teaming up with a recycling firm there, LCM’s majority owner and chairman said. The move would mark another step to diversify Western supplies …
