UK retail sales go into reverse this month, CBI survey shows
(Reuters) -British retail sales softened this month after a recovery in May, and stores expect another drop next month, an industry s..
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Aussie dollar jumps on inflation spike, while yen stays under pressure
By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) -The Australian dollar rallied after a surprise jump in inflation on ..
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Exclusive-Doordash held talks with UK’s Deliveroo on takeover, sources say
Exclusive-Doordash held talks with UK’s Deliveroo on takeover, sources say By Amy-Jo Crowley and Abigail Summerville LONDON (Reu..
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Miner BHP’s carbon emissions to rise slightly this year
By Melanie Burton MELBOURNE (Reuters) -BHP Group’s operational carbon emissions are set for a “small increase” this..
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Analysis-France may be next test of the euro’s foundations
FRANKFURT/PARIS (Reuters) – “Because it’s France” was how Jean-Claude Juncker, European Commission president a..
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Oil ticks up on inventory drawdown outlook, Middle East risks
SINGAPORE (Reuters) -Oil prices inched up during Asian trade on Wednesday despite a surprise jump in U.S. stockpiles, driven by geopol..
Companies
Covestro eyes 400 million eur in cost cuts after ADNOC talks intensify
(Reuters) – Covestro, the German chemicals maker in talks to be acquired by ADNOC, on Tuesday launched an efficiency programme t..
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Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, filing shows
TOKYO (Reuters) – Toyota sold $2 billion worth of cross shareholdings of listed companies in the year that just ended, the Japa..
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Oil prices steady as inflation worries limit summer demand optimism
By Emily Chow SINGAPORE (Reuters) – Oil prices were little changed on Tuesday after rising in the previous session as investors..
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Asian shares subdued, yen hits record low versus euro
By Stella Qiu SYDNEY (Reuters) – Asian shares were subdued on Tuesday while the battered yen hit a record low versus the euro, ..
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China’s BYD launches third EV model in Japan
TOKYO (Reuters) -China’s BYD launched its third electric vehicle in Japan, it said on Tuesday, a sedan that will be its most ex..
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London’s FTSE 100 flat; energy, miners lead decline
(Reuters) – London’s FTSE 100 was flat on Monday as investors turned cautious ahead of key inflation data in the United S..
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Mike Ashley’s Frasers buys THG’s portfolio of luxury goods websites
(Reuters) -British e-commerce firm THG has agreed to sell its portfolio of luxury goods websites to Mike Ashley’s Frasers Group..
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Prosus full-year core headline earnings jump 84%
(Reuters) – Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong perfo..
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Oil eases as strong dollar weighs on commodities markets
By Florence Tan SINGAPORE (Reuters) -Oil prices inched down on Monday as concerns of higher-for-longer interest rates resurfaced and ..
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German residential property prices keep falling in Q1
(Adds missing economist name in paragraph 6) BERLIN (Reuters) -German residential property prices continued to fall in the first quar..
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UK’s Britvic rejects revised takeover proposal from Carlsberg
(Reuters) – British soft drinks maker Britvic rejected a revised, unsolicited, possible cash offer from Carlsberg Group as the ..
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Analysis-Consumer-focused lending under Labour could dent UK bank profits
LONDON (Reuters) – Once seen as hostile to banks, Britain’s Labour has courted lenders in recent years as it attempts to g..
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Asian shares end the week with a whimper, yen back to intervention watch
SYDNEY (Reuters) -Asian shares are ending the week with a whimper after a recent rally to 26-month highs drew profit-taking, while the..
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Swiss National Bank presses ahead as rate cutting front-runner
ZURICH(Reuters) -The Swiss National Bank cut interest rates on Thursday for the second time running, pointing to easing price pressure..
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Analysis-UK markets jolted back to life by rate cut hopes, election buzz
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Traders upped bets for a Bank of England rate cut in August, helping to u..
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Dino Decking Ltd: Leading the Charge in Sustainable Decking Solutions
As the world shifts towards sustainable building practices, Dino Decking Ltd is at the forefront, offering eco-friendly composite deck..
Business
Accenture forecasts 2024 revenue growth above estimates on AI demand
Accenture forecasts 2024 revenue growth above estimates on AI demand (Reuters) -IT services provider Accenture projected annual revenu..
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Italy boosts crypto risk oversight and toughens sanctions, draft shows
ROME (Reuters) – Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines fo..
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Morning Bid: Bailey likely to bail on rate change
A look at the day ahead in European and global markets from Ankur Banerjee British inflation may have returned to its 2% target for t..
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Credit Suisse collapse showed weakness in regulatory framework: SNB
ZURICH (Reuters) – The collapse of Swiss bank Credit Suisse last year has highlighted weaknesses in the regulatory framework, th..
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Asian stocks hold on to gains; BoE in focus
SINGAPORE (Reuters) – Asian stocks took a breather on Thursday, hovering near their highest in two years as traders waited for m..
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UK election pledges fall short of $48 billion health funding gap, think tank says
LONDON (Reuters) – Election pledges by Britain’s governing Conservatives and the opposition Labour Party do not set out h..
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British review of “politically exposed” bank clients put off until election
LONDON (Reuters) – Britain’s financial watchdog will wait until after next month’s national election to publish its..
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Germany’s working-age population to decline by 2% by 2045, study shows
BERLIN (Reuters) – Germany will see its working-age population decrease by 2% by 2045, according to a forecast released on Wedn..
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UK inflation back to 2% target for first time since 2021
By David Milliken and Suban Abdulla LONDON (Reuters) -British inflation returned to its 2% target in May for the first time in nearly..
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UK’s Berkeley turns to build-to-rent segment; raises earnings view
(Reuters) -British high-end homebuilder Berkeley lifted its earnings outlook by 5% for fiscal year 2025 on Wednesday and said it woul..
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Dollar steadies, sterling eases ahead of inflation data
SINGAPORE (Reuters) -The dollar recovered some ground on Wednesday after soft U.S. retail sales data reinforced bets of imminent Feder..
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Exclusive-Ferrari’s first electric car to cost over $500,000, source says
MILAN (Reuters) – Ferrari’s first electric car will cost at least 500,000 euros ($535,000), a source familiar with the mat..
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Dollar pares gains after US retail sales miss expectations in May
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar pared gains against the euro on Tuesday after retail sales data indicated signs o..
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European shares advance as French political concerns subside
(Reuters) -European shares closed higher on Tuesday, supported by a slip in government bond yields as investor concern over French pol..
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UK grocery inflation edges lower again ahead of election, Kantar says
By James Davey LONDON (Reuters) – UK grocery inflation fell for a sixteenth month in a row in June, industry data showed on Tue..
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