By Suban Abdulla LONDON (Reuters) – British luxury fashion brand Burberry on Thursday reported stronger-than-expected fourth-quarter sales driven by a rebound in China but continued weakness in the United States sent its shares down sharply. Comparable store sales at the FTSE 100 group rose 16%, accelerating from 1% in the third quarter and above a …
Burberry shares drop as weak US demand overshadows China rebound Read More »
LONDON (Reuters) – An investor has raised a fresh question with the EMEA Credit Derivatives Determination Committee on whether a credit event occurred with regards to Credit Suisse, renewing a push to trigger payout on credit insurance linked to the Swiss lender. The question, which is asking for a ruling on whether a bankruptcy credit …
Investor raises fresh question over credit insurance for Credit Suisse Read More »
LONDON (Reuters) -British government departments spent an estimated total of 161.7 million pounds ($204 million) on Queen Elizabeth’s state funeral and related events, the Treasury said on Thursday. After Britain’s longest-reigning monarch died aged 96 on Sept. 8, the country entered 10 days of national mourning which concluded with her state funeral on Sept. 19. …
UK government spent 162 million pounds on Queen Elizabeth’s funeral Read More »
JERUSALEM (Reuters) – Israeli nationalists marking the 1967 capture of East Jerusalem were to march through the Muslim quarter of the Old City on Thursday in an annual parade that Palestinians see as a provocation. Here are details on “Jerusalem Day” and why it stirs fears of renewed violence: WHAT IS JERUSALEM DAY? Israel fought …
Factbox: What is ‘Jerusalem Day’ and why is it an Israeli-Palestinian flashpoint? Read More »
By Claudia Greco and Antonio Denti CESENA, Italy (Reuters) – Floods that killed nine people in Italy’s northern Emilia-Romagna region caused billions of euros’ worth of damage and hit agriculture particularly hard, the regional governor said on Thursday. Torrential rains this week devastated the eastern side of the region, known as Romagna, with up to …
Devastating Italian floods leave behind wrecked farms and ruined homes Read More »
By Gleb Garanich KYIV (Reuters) – Ukraine shot down 29 of 30 missiles launched by Russia in overnight air strikes but one person was killed in an attack on the southern city of Odesa, the Ukrainian military said on Thursday. Black smoke filled the sky over Kyiv during the ninth attack on the capital this …
Ukraine says it shot down 29 of 30 missiles in overnight Russian attacks Read More »
By Paul Sandle LONDON (Reuters) -BT Group, Britain’s biggest broadband and mobile provider, will cut up to 55,000 jobs including contractors by 2030 – potentially over 40% of its workforce – as it completes its fibre roll-out and adapts to new technologies such as AI. The company has been working through a transformation plan to …
BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive Read More »
By Samuel Indyk LONDON (Reuters) – Sterling was falling back towards a three-week low against the dollar on Thursday, as investors remained cautious after the pound’s recent rally, with the economy stagnating and the labour market softening. Data on Tuesday showed Britain’s jobless rate rose to 3.9% in the three months to March, while basic …
Sterling rally running out of legs on drab UK outlook Read More »
(Reuters) – Britain’s Unite union on Thursday said it has signed a recognition deal with offshore operator China National Offshore Oil Corporation (CNOOC), covering around 140 workers on the Buzzard, Scott, and Golden Eagle platforms in the North Sea. CNOOC runs the Buzzard oilfield which feeds into the Forties crude oil stream underpinning the Brent …
Britain’s Unite union inks deal with China’s CNOOC Read More »
By Yadarisa Shabong (Reuters) -International Distributions Services is targeting a return to profit this financial year after its UK business Royal Mail made a 1 billion pound ($1.26 billion) loss last year, partly the result of strikes in a long-running pay dispute. More than 115,000 postal workers at Royal Mail held a total of 18 …
Royal Mail owner sees return to profit after losses due to strikes Read More »
