By David Milliken LONDON (Reuters) – British manufacturing output grew at the fastest pace in six months in January as global supply chain pressures began to ease and factories largely shrugged off a wave of cases caused by the Omicron variant of coron…
Irn-Bru maker raises prices due to fizzing UK inflation
LONDON (Reuters) – The maker of Irn-Bru, the iconic orange Scottish soft drink, said on Tuesday that it had increased its prices due to soaring inflation in Britain. Consumer prices are rising at the fastest rate in almost 30 years, stoked by global su…
German retail sales slump in December as COVID measures hit trade
BERLIN (Reuters) -German retail sales dropped more than expected in December, data showed on Tuesday, as tighter coronavirus-related restrictions hurt trade in textiles, clothing, shoes and leather goods. The Federal Statistics Office said retail sales…
UBS books best annual profit since 2006, sets loftier goals
By Brenna Hughes Neghaiwi ZURICH (Reuters) -UBS on Tuesday reported its best annual profit since the global financial crisis, emboldening it to hike share buybacks and set more ambitious profit goals as it banks that more digital products will result i…
Mining, bank stocks lift London’s FTSE 100
By Amal S and Anisha Sircar (Reuters) -Mining and bank stocks supported London’s FTSE 100 on Tuesday as metal prices and bond yields rose ahead of a widely anticipated Bank of England meeting later in the week. The blue-chip FTSE 100 index gained 1.0%,…
Ireland’s Dalata Hotels expands into continental Europe
DUBLIN (Reuters) – Ireland’s largest hotel operator, Dalata Hotel Group, has expanded into continental Europe for the first time after announcing it had agreed to operate the leasehold interest in a new four-star hotel in Düsseldorf on Tuesday. Dalata,…
Myanmar marks coup anniversary with protests and unrest
(Reuters) -Streets in some of Myanmar’s main cities were nearly deserted on Tuesday as opponents of military rule held “silent strikes”, making the first anniversary of a coup that sparked deadly chaos and snuffed out tentative steps towards democracy….
GlobalWafers’ Siltronic deal fails as German govt approval misses deadline
BERLIN (Reuters) -Germany’s economy ministry said it could not complete its review of a planned sale of chip supplier Siltronic to Taiwanese rival GlobalWafers before a deadline for the approval set by the prospective buyer expired on Monday, scupperin…
Oil posts biggest monthly gain in a year on tight supply, political tensions
By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose on Monday to end January with their biggest monthly gain in a year, boosted by a supply shortage and political tensions in Eastern Europe and the Middle East. The most-active Brent contract, for A…
Leading Vodafone shareholder signals support for activist campaign – FT
(Reuters) – One of Vodafone Group’s biggest shareholders has hailed an activist campaign aimed at improving the telecom firm’s performance as “very sensible”, the Financial Times reported on Monday. The comment from Andrew Millington, head of UK equiti…