PARIS (Reuters) – The European Central Bank is keeping its options fully open at upcoming interest rate meetings as the risk of undershooting its inflation target is now as big as of overshooting it, ECB policymaker Francois Villeroy de Galhau said on Friday. The ECB cut interest rates for the third time this year on …
ECB to keep options open in face of undershooting risk, Villeroy says Read More »
By Marie Mannes STOCKHOLM (Reuters) -Swedish truck maker AB Volvo forecast stagnant demand next year and posted a bigger-than-expected slide in quarterly adjusted earnings on Friday, after reduced freight and construction activity limited vehicle sales. Truck makers have experienced a slowdown in demand as markets have normalised following historically high sales in 2023 when customers …
AB Volvo profit misses forecast and expects flat truck sales next year Read More »
By James Davey LONDON (Reuters) – Struggling British online fashion retailer Boohoo said its CEO John Lyttle would step down as the group announced a strategic review that could see it broken up. The company, which trades as boohoo, boohooMAN, PrettyLittleThing, Debenhams and Karen Millen, said on Friday that Lyttle, CEO for five years, had …
Boohoo CEO to step down as strategic review launched Read More »
By Suban Abdulla LONDON (Reuters) -British retail sales unexpectedly rose in September, according to official data published on Friday that contradicted signs that consumers were downbeat about possible tax rises ahead of the new government’s first budget later this month. Sales volumes increased by 0.3% in September, beating economists’ expectations for a monthly 0.3% fall. …
UK consumers defy their budget worries to shop more Read More »
By Sinead Cruise and Naomi Rovnick LONDON (Reuters) – Higher capital gains taxes (CGT) could give Britain’s risk-averse savers further cause to shun UK stocks, fund managers and advisers say, potentially damaging Britain’s economy more than a threatened exodus of tax-shy multi-millionaires. Speculation about Prime Minister Keir Starmer’s fiscal roadmap due on Oct. 30 has …
Analysis-Investor tax hikes may hurt UK plc more than the super-rich Read More »
(Reuters) – British American Tobacco said on Friday a plan has been filed in a Canadian court to potentially resolve and settle its Canadian subsidiary’s tobacco litigation in the country, more than five years after the unit filed for bankruptcy protection. BAT’s unit Imperial Tobacco Canada (ITCAN) has been under a court supervised mediation process …
BAT says close to settling Canadian tobacco litigation Read More »
MULTAN, Pakistan (Reuters) – Pakistan beat England by 152 runs in the second test in Multan on Friday to level the three-match series at 1-1. Chasing 297 for victory, England were all out for 144 in the fourth day’s morning session. Skipper Ben Stokes had the top score for England with 37, while Noman Ali …
Cricket-Pakistan beat England by 152 runs to level series Read More »
By William Schomberg LONDON (Reuters) – Speculation is swirling about what new British finance minister Rachel Reeves might announce in her first tax and spending plan this month, but one thing she seems certain to say is that she is doing it for the “working people.” The term “working people” has been used repeatedly by …
The UK’s budget – it’s all about the ‘working people’ Read More »
GDANSK (Reuters) – CD Projekt’s chief strategy officer and former CEO Adam Kicinski will step down from the Polish video game maker’s management board at the end of 2024 and confirmed his plans to run for the supervisory board, the company said late on Thursday. “I believe that my 30 years’ worth of experience at …
CD Projekt’s former CEO Kicinski quits management board, to run for supervisory board Read More »
By Yoruk Bahceli and Naomi Rovnick (Reuters) – Traders raised their bets on quick-fire European Central Bank rate cuts on Thursday, taking the bank’s first consecutive rate cut in 13 years as a green light from policymakers that a speedier easing cycle has begun. A worsening economic outlook and signs that inflation is increasingly under …
Traders bet the ECB’s rate-cut floodgates are open Read More »
