Reuters UK/EU - Squid Business

UK’s Capita flags up to 140 million pound cash outflow in 2024, shares fall

(Reuters) -Britain’s Capita on Tuesday flagged a free cash outflow of 120 million pounds to 140 million pounds ($152 million-$178 million) in 2024 as the outsourcing firm’s exit from low-margin contracts dents revenue, sending its shares sharply lower. Shares in the FTSE Small Cap company fell as much as 11% to a more than four-month …

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UK’s Land Securities acquires 92% stake in Liverpool ONE for $622 million

(Reuters) – British commercial property firm Land Securities (Landsec) on Tuesday said it acquired a 92% stake in shopping centre Liverpool ONE for 490 million pounds ($622.1 million), betting on retailers’ focus on “bigger and better” stores. “The top 1% of the UK’s shopping destinations provide brands with access to 30% of all in-store retail …

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Russian general killed in Ukrainian ‘special operation’, Kyiv source says

(Reuters) -The Security Service of Ukraine (SBU) killed Russian Lieutenant General Igor Kirillov in a special operation in Moscow on Tuesday, a source in the agency told Reuters. Reuters could not independently verify the claim. The source said Kyiv regarded Kirillov as a war criminal and an “absolutely legitimate target”, accusing him of ordering the …

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Oil washes up on Russia’s Black Sea coast after tankers damaged, governor says

MOSCOW (Reuters) – Spilled oil has washed up along “tens of kilometres” of the Russian Black Sea coast after two tankers were badly damaged in a storm at the weekend, a local governor said on Tuesday. Veniamin Kondratyev, the governor of Russia’s southern Krasnodar region, said on his Telegram channel that fuel oil had been …

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Poland seizes liquid cocaine worth $1.9 million in wine shipment

WARSAW (Reuters) – Polish authorities have seized 44 litres of liquid cocaine worth about 7.5 million zlotys ($1.85 million) that was hidden in cartons of wine, the Border Guard said on Tuesday. Officers from the Maritime Border Guard Unit in the northern port city of Gdansk worked with Czech customs officers to seize the drugs …

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ECB’s Rehn says speed, scale of rate cuts to be decided at each meeting

HELSINKI (Reuters) – Finnish ECB policymaker Olli Rehn said on Tuesday that euro area inflation is more clearly stabilising at the European Central Bank’s 2% target, and that this helps set the stage for further interest rate reduction. “The direction of our monetary policy is now clear,” ECB Governing Council member Rehn said in a …

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Germany joins U.S., UK in making diplomatic contact with Syria’s HTS

BERLIN (Reuters) – Germany plans talks with representatives of Hayat Tahrir al-Sham (HTS) in Damascus on Tuesday, the foreign ministry said, joining the United States and Britain in establishing contact with the Islamist group after it led the overthrow of Syria’s Bashar al-Assad. German diplomats’ first talks with representatives of the HTS-appointed interim government will …

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VW, unions resume last-ditch round of talks for the year on cost cuts

BERLIN (Reuters) – Volkswagen management and labour representatives will resume high pressure talks on Tuesday morning over planned cost cuts to the carmaker’s German sites after a 13-hour negotiation round on Monday failed to produce an agreement. Unions said late on Monday night that it was still “far from clear” whether Tuesday’s talks would bring …

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Swiss economy to grow 1.5% next year, government forecasts

ZURICH (Reuters) – The Swiss economy will grow by 1.5% next year, the government forecast on Tuesday, slightly revising down its outlook for one of Europe’s traditionally most resilient economies. This year, the economy is expected to grow 0.9%. Switzerland’s export-oriented economy had previously been forecast to grow by 1.2% this year and 1.6% next …

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Czechs get assurances German gas levy to be abolished, deputy minister says

PRAGUE (Reuters) – The Czech Republic has received assurances from Germany that it will abolish a gas transit fee this week or in early January, news agency CTK reported, citing a deputy industry minister. Germany’s neighbours, also including Austria and Slovakia, want the fee waived as it pushes up prices as they seek to shift …

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