News

Analysis-Women in UK finance earn a third less than male colleagues, data shows

Analysis-Women in UK finance earn a third less than male colleagues, data shows

By Sinead Cruise and Carolyn Cohn LONDON (Reuters) – Some of Britain’s top financial firms pay women 28.8% less on averag..

Red hot U.S. payrolls pull rug under June Fed rate cut bet

Red hot U.S. payrolls pull rug under June Fed rate cut bet

By Huw Jones LONDON (Reuters) -The dollar and bond yields rose on Friday after much stronger than expected growth in March U.S. payro..

Oil heads for second weekly gain on tighter supply outlook

Oil heads for second weekly gain on tighter supply outlook

LONDON (Reuters) -Oil prices extended gains on Friday and were on course for a second weekly gain, supported by geopolitical tensions ..

European shares slide to two-week low on hawkish Fed comments, geopolitical worries

European shares slide to two-week low on hawkish Fed comments, geopolitical worries

By Johann M Cherian and Ozan Ergenay (Reuters) – European stocks fell to a more than two-week low on Friday, tracking a global ..

Dollar boosted after job growth in March exceeds expectations

Dollar boosted after job growth in March exceeds expectations

NEW YORK/LONDON (Reuters) -The dollar was up on Friday after data showed that U.S. job growth in March beat expectations, with nonfarm..

Senior doctors in England accept new pay offer and end strikes

Senior doctors in England accept new pay offer and end strikes

LONDON (Reuters) -Senior doctors in England have voted to accept an improved offer from the government on pay and conditions, easing ..

Tencent’s next level up: fewer big foreign franchise games, more in-house

Tencent’s next level up: fewer big foreign franchise games, more in-house

HONG KONG (Reuters) – (This March 21 story has been corrected to rectify the time period from ‘last month’ to ‘..

UK house prices fall for first time in 6 months as rates stay high

UK house prices fall for first time in 6 months as rates stay high

By David Milliken LONDON (Reuters) – British house prices fell 1.0% in March, their first drop since September 2023, figures fr..

Holcim to acquire South American concrete products firm Tensolite

Holcim to acquire South American concrete products firm Tensolite

ZURICH (Reuters) – Holcim on Friday said it will buy Tensolite, a maker and distributor of pre-cast concrete systems in South Am..

Sterling hits one-week high vs dollar, focus on rally against Swiss Franc

Sterling hits one-week high vs dollar, focus on rally against Swiss Franc

(Reuters) – Sterling edged higher against a weakening dollar and dropped versus the euro on Thursday, with investors focused on ..

Stocks and bonds take heart from Powell; commodities strong

Stocks and bonds take heart from Powell; commodities strong

By Amanda Cooper LONDON (Reuters) – Global shares rallied on Thursday as U.S. rate cuts remained on the table even if their tim..

UK on track to exit recession despite slower services growth, PMI data shows

UK on track to exit recession despite slower services growth, PMI data shows

By David Milliken LONDON (Reuters) -Britain’s economy looks on track to exit recession when official first-quarter growth data ..

Oil steady, bolstered by lower supply concerns

Oil steady, bolstered by lower supply concerns

LONDON (Reuters) -Oil prices were steady on Thursday, shored up by concerns about lower supply as major producers keep output cuts in ..

Dollar hits two-week low while battered yen stabilises

Dollar hits two-week low while battered yen stabilises

NEW YORK (Reuters) – The dollar hit a two-week low on Thursday as economic data supported expectations for quick rate cuts in th..

UK on track to exit recession despite slower services growth, PMI data shows

UK on track to exit recession despite slower services growth, PMI data shows

By David Milliken LONDON (Reuters) -Britain’s economy looks on track to exit recession when official first-quarter growth data ..

Tame Swiss inflation opens door for more SNB rate cuts, weighs on franc

Tame Swiss inflation opens door for more SNB rate cuts, weighs on franc

ZURICH (Reuters) -Swiss inflation eased to its lowest level in two-and-a-half years in March, pushing the Swiss franc lower on market ..

Former Gucci CEO to take minority stake in Elisabetta Franchi

Former Gucci CEO to take minority stake in Elisabetta Franchi

MILAN (Reuters) – Former Gucci chief executive Marco Bizzarri said on Thursday he would invest in Italian fashion brand Elisabe..

Britain’s Co-op profit slides after petrol forecourt sale

Britain’s Co-op profit slides after petrol forecourt sale

(Reuters) -Co-op, which runs Britain’s seventh-biggest supermarket chain, posted a steep drop in annual pretax profit on Thursd..

UK watchdog refers Vodafone, Three deal to in-depth probe

UK watchdog refers Vodafone, Three deal to in-depth probe

(Reuters) -Britain’s competition regulator said on Thursday it would need to open an in-depth investigation into the merger betw..

Japan’s Konica Minolta to cut 2,400 jobs, book $132 million in expenses

Japan’s Konica Minolta to cut 2,400 jobs, book $132 million in expenses

TOKYO (Reuters) – Japan’s Konica Minolta said on Thursday it will trim 2,400 jobs worldwide during the current fiscal year..

Novo says Ozempic starter kits still not available in Germany in Q2

Novo says Ozempic starter kits still not available in Germany in Q2

FRANKFURT (Reuters) – Novo Nordisk has warned that starter kits of its popular diabetes drug Ozempic will still not be available..

Euro zone inflation unexpectedly eases, boosting rate cut case

Euro zone inflation unexpectedly eases, boosting rate cut case

FRANKFURT (Reuters) – Euro zone inflation fell unexpectedly last month, solidifying the case for the European Central Bank to st..

UK supermarket sales rise 5.4%, NIQ market researcher says

UK supermarket sales rise 5.4%, NIQ market researcher says

LONDON (Reuters) – British supermarket total sales rose by 5.4% year-over-year in the four weeks to March 23 as slowing inflati..

UK’s Topps Tiles flags persistent weak demand in 2024 after lower H1 volumes

UK’s Topps Tiles flags persistent weak demand in 2024 after lower H1 volumes

(Reuters) -Britain’s largest tile retailer Topps Tiles said on Wednesday subdued demand in the domestic repair and maintenance ..

Swiss Re appoints Andreas Berger as new CEO from July

Swiss Re appoints Andreas Berger as new CEO from July

ZURICH (Reuters) -Reinsurance company Swiss Re said on Wednesday Andreas Berger would become group chief executive officer from July, ..

CMA CGM acquires 10% in stake in Volvo-Renault EV joint venture, Renault says

CMA CGM acquires 10% in stake in Volvo-Renault EV joint venture, Renault says

(Reuters) – French car manufacturer Renault on Wednesday announced that shipping group CMA CGM officially joined Flexis, its par..

Meldrum House unveils £500k super kitchen & new dining concepts

Meldrum House unveils £500k super kitchen & new dining concepts

Meldrum House Country Hotel in Aberdeenshire has unveiled a new state-of-the-art kitchen as part of a £500,000 investment. Doubling t..

Euro zone factory downturn deepened again in March, PMI shows

Euro zone factory downturn deepened again in March, PMI shows

LONDON (Reuters) – Euro zone manufacturing activity took a further turn for the worse in March, contracting at a steeper pace t..

News

IKEA Foundation backs emerging market EV push with $100 million grant

IKEA Foundation backs emerging market EV push with $100 million grant

By Simon Jessop and Virginia Furness LONDON (Reuters) – A global initiative to accelerate electric vehicle uptake has received a $100 million f..

UK shop prices rise at slowest pace since December 2021

UK shop prices rise at slowest pace since December 2021

LONDON (Reuters) – Prices in British shops rose at the slowest pace in more than two years in March, the British Retail Consorti..

Disney edges ahead in battle for board seats with activist investors

Disney edges ahead in battle for board seats with activist investors

NEW YORK (Reuters) – Walt Disney appeared to pull ahead of activist investors in the battle for board seats and the future of th..

UBS launches new $2bn share buyback

UBS launches new $2bn share buyback

ZURICH (Reuters) -UBS on Tuesday announced it was launching a new share buyback programme of up to $2 billion, with up to half being ..

BMW and India’s Tata Technologies to form JV for developing software

BMW and India’s Tata Technologies to form JV for developing software

BENGALURU (Reuters) -BMW Group and Tata Technologies will form a joint venture for the development of software for the German luxury ..

King Charles greets well-wishers after Easter Sunday service

King Charles greets well-wishers after Easter Sunday service

WINDSOR, England (Reuters) -Britain’s King Charles greeted well-wishers in an impromptu walkabout after an Easter church service..

China believes France will provide fair business environment for Chinese firms, foreign ministry says

China believes France will provide fair business environment for Chinese firms, foreign ministry says

BEIJING (Reuters) – China will import even more high-quality products and services from France and believes the European countr..

Exclusive-Microsoft to separate Teams and Office globally amid antitrust scrutiny

Exclusive-Microsoft to separate Teams and Office globally amid antitrust scrutiny

BRUSSELS (Reuters) – Microsoft will sell its chat and video app Teams separately from its Office product globally, the U.S. tech..

Meloni, Le Pen rift mars far right’s prospects of wielding EU power

Meloni, Le Pen rift mars far right’s prospects of wielding EU power

PARIS/ROME (Reuters) -When a French minister compared Italy’s nationalist Prime Minister Giorgia Meloni last year to the leader ..