(Reuters) – UK’s FTSE 100 dropped to a near one-month low on Tuesday in the aftermath of strong wage data, while investors braced for clues on the Bank of England’s (BoE) future interest-rate trajectory later this week. The main FTSE 100 was down 0.6% as of 0950 GMT. Supplies distributor Bunzl was the worst-hit on …
By Mark Trevelyan LONDON (Reuters) – Russian prosecutors have demanded prison terms of nearly six years each for three lawyers who represented Alexei Navalny, an ally of the late opposition leader said on Tuesday. Vadim Kobzev, Igor Sergunin and Alexei Liptser are accused of taking part in an extremist organisation. They were arrested in October …
Russian prosecutors seek jail terms of nearly six years for three of Navalny’s lawyers Read More »
By Gavin Jones ROME (Reuters) – Italy’s growth rebound from the COVID-19 pandemic is petering out much faster than expected as structural weaknesses resurface, raising risks for the fragile public finances of the euro zone’s third largest economy. After gross domestic product unexpectedly stagnated in the third quarter, national statistics bureau ISTAT said this month …
Analysis-Italy’s growth bubble bursts to reveal fragile outlook Read More »
LONDON (Reuters) – Investor allocations to U.S. equities has hit a record high this month, at the expense of European stocks, commodities and cash, according to a December survey from BofA Global Research. This shift, according to a survey of 171 participants with $420 billion of assets under management, is on the back of U.S. …
Investor allocations to US equities at record high, to cash at record low, BofA says Read More »
GENEVA (Reuters) – The head of a U.N. investigative body has written to Syria’s new authorities to express a willingness to engage with them and to travel to Syria to secure evidence that could implicate top officials of the former government, he said on Tuesday. Rebels swept President Bashar al-Assad from power this month, flinging …
UN investigative body hopes to send team to Syria to secure evidence Read More »
By Amanda Cooper LONDON (Reuters) – The pound rose on Tuesday, supported by data that showed UK wage growth picked up more than expected in the three months to October, which in turn raises the chances that the Bank of England will not rush to cut rates next year. Average weekly earnings, excluding bonuses, were …
OSLO (Reuters) – Norway’s Equinor and partners have agreed to join two planned offshore wind projects in Britain into one legal entity, in a move it said would be more cost-effective and help to minimise the environmental impact. The projects are extensions to the operational Sheringham Shoal and Dudgeon Offshore Wind Farms, which currently power …
Equinor, partners combine two planned UK offshore wind projects Read More »
(This Dec. 16 story has been corrected to fix the timing of Ferrari’s EV launch in paragraph 2) SANT’AGATA BOLOGNESE, Italy (Reuters) – Italy’s Lamborghini will always make cars in Italy as it plans to launch its first electric model only in 2029, amid a market for luxury sports cars which is not ripe for …
Lamborghini delays first EV launch to 2029 as market not ready Read More »
By Sruthi Shankar (Reuters) -European shares fell to two-week lows on Tuesday, led by energy and healthcare stocks, as investors awaited a slew of major central bank decisions later in the week. The pan-European STOXX 600 index slipped 0.4% by 0924 GMT, trading at its lowest since Dec. 2. Oil and gas stocks dropped 1.2% …
Oil, healthcare stocks knock European shares to two-week lows Read More »
By Paul Sandle and Chandini Monnappa LONDON (Reuters) -Britain on Monday cleared Czech billionaire Daniel Kretinsky’s EP Group to buy Royal Mail in a 3.57 billion pound ($4.5 billion) deal, after securing commitments that the government said would protect one of the world’s oldest postal services. EP Group agreed to acquire Royal Mail parent International …
UK clears Czech billionaire Daniel Kretinsky to buy Royal Mail Read More »
