Valentine’s Boost Fails to Offset Inflation as Volume Sales Continue to Fall
Total retail like-for-like sales grew by +6.4% compared to February 2022. Week three of the month saw strongest in-stor..
Finance
Finance
SIXT stronger than ever before in 2022: record revenue of more than EUR 3 billion, EBT reaches record high of EUR 550 million
Consolidated revenue up by a good third (+34.3%) compared to the previous year to EUR 3.07 billion, outperforming the pre-Covi..
Finance
Global equities gain, as rising bond yields pressure gold
By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) – Global shares stemmed a five-session rout on Tuesday as bank sha..
Finance
80% of British public want card payment fees slashed as the cost of living crisis hits businesses
Four in five Brits want retailers to pay less to card schemes, and put money back into the pockets of embattled British busi..
Finance
Market stress indicators react sharply after U.S. bank failures
By Amanda Cooper, Yoruk Bahceli and Naomi Rovnick LONDON (Reuters) – Financial market stress indicators reacted sharply on Monda..
Finance
Simply Asset Finance integrates Lendscape’s contract management solution
Lendscape’s contract management system will support Simply Asset Finance’s business growth and expand reach Both businesses sh..
Finance
Wall St flutters, Treasury yields ease as Powell resumes testimony
By Stephen Culp NEW YORK (Reuters) – U.S. stocks struggled for direction and Treasury yields wavered on Wednesday as a barrage o..
Finance
Dollar jumps as Powell flags higher terminal rate
By Karen Brettell NEW YORK (Reuters) – The dollar extended gains against a basket of currencies on Tuesday after Federal Reserve..
Finance
Dollar retreats, headed for biggest weekly loss since mid-January; bitcoin down
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday,..
Finance
Estonia’s pro-Kyiv government faces election test amid cost of living crisis
By Andrius Sytas KOHTLA-JARVE, Estonia (Reuters) – One of Europe’s most staunchly pro-Ukrainian governments faces a challe..
Finance
Volkswagen’s financial services undergoing reorganization
FRANKFURT (Reuters) – Volkswagen is reorganizing its financial services holding companies, Volkswagen Bank and Volkswagen Financ..
Finance
Zoom Video Communications Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Fourth quarter total revenue of $1,117.8 million, up 4% year over year as reported and 6% in constant currency; full fiscal ye..
Finance
Dollar slips, yuan gains on China PMI; hot inflation lifts euro
By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) -The U.S. dollar slid and China’s yuan gained on Wednesday after Chin..
Finance
New NatWest and NAB open banking white paper Calls for reform amid transition to smart data
NatWest and NAB have published a jointly authored white paper exploring the common threads that bind both Australia’s Consumer ..
Finance
Leading adviser urges HMRC to fully adopt R&D tax relief reforms proposed by House of Lords
A leading Research and Development (R&D) tax relief adviser has welcomed a House of Lords Committee report on reforming t..
Finance
“What next for UK SME’s struggling to keep their door open?”
Chirag Shah, CEO and Founder of Nucleus Commercial Finance After a slew of expensive energy payouts to households and difficult..
Finance
£18 Billion Corporation tax hike could cripple struggling UK Businesses warns expert
The UK’s business community will be under pressure to find an extra £18 billion per year of Corporation Tax payments by 2025/..
Finance
Dollar edges down from six-week peak, Swedish crown jumps
By Samuel Indyk LONDON (Reuters) – The dollar edged lower on Monday but kept close to Friday’s six-week high, after a flur..
Finance
Shares fall with oil prices amid concerns about U.S. Fed rate hikes
By Sinéad Carew NEW YORK (Reuters) – Stock markets around the globe fell on Friday and oil prices settled lower after U.S. econo..
Finance
Hawkish ECB comments push up rate-hike expectations
By Leigh Thomas and Francesco Canepa PARIS/FRANKFURT (Reuters) – European Central Bank interest rates still have some way to ris..
Finance
Dollar advances as strong U.S. data backs higher rates backdrop
By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK (Reuters) – The U.S. dollar held gains against a basket of currencies on..
Finance
Flat GDP in Q4 is cold comfort for small businesses amid energy fears
Responding to new Office for National Statistics (ONS) figures showing that GDP was flat in Q4 2022, Federation of Small Busine..
Finance
Slowdown in UK inflation eases pressure on Bank of England
By Andy Bruce and William Schomberg LONDON (Reuters) – British inflation fell by more than expected in January and there were si..
Finance
Financial services industry set for AI overhaul
AI will be crucial for better understanding user intent, providing tailored content recommendations, and streamlining how firms..
Finance
Dollar hits six-week high vs yen, rallies from two-week low after U.S. inflation data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose to a six-week high against the yen and climbed from a roughly t..
Finance
Sterling gains after strong jobs data add to pressure on BOE
LONDON (Reuters) – The pound rose against the dollar and euro on Tuesday after data showed British wages rose quicker than expec..
Finance
Love in a time of inflation: how much will Valentine’s Day set you back?
By Richa Naidu LONDON (Reuters) -This Valentine’s Day is set to look different after a year of record food inflation that has se..
Finance
Japanese yen gains as Ueda set to be named next BOJ governor
(Adds comment, U.S. data, NEW YORK dateline, byline, FX table, bullets, updates prices) By Samuel Indyk and Gertrude Chavez-Dreyfuss L..
Finance
Inkle raises $1.5M to power tax & accounting for US cross-border companies
The number of non-US based founders with registered companies in the US has grown substantially recently. Inkle is already se..
Finance
Eiffage and NGE won in consortium lot 2 of the Toulouse’s third metro line in a contract worth almost €590 million
Eiffage and NGE has been awarded in consortium by Tisséo the contract to carry out the civil engineering works for the tunnels, stati..
Finance
Bank of England officials split over future path for rates
By David Milliken and Andy Bruce LONDON (Reuters) -Bank of England policymakers disagreed on Thursday about where interest rates need ..
Finance
First Abu Dhabi Bank could renew $35 billion offer for StanChart -Bloomberg News
By Lawrence White LONDON (Reuters) – First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, could renew a p..
Finance
Italy inflation-adjusted retail sales fell in 2022
ROME (Reuters) -Italian retail sales increased in value terms but decreased in volume in 2022 compared to the previous year, with cons..
Finance
ECB survey shows rising inflation expectations despite energy price falls
FRANKFURT (Reuters) – Euro zone consumer expectations for inflation edged up again in December, a European Central Bank survey s..
Finance
Marketmind: Rates start to bite
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks on Tuesday come off the..
Finance
Bank of England’s Mann doubles down on backing for rate hikes
By Gergely Szakacs BUDAPEST (Reuters) – Bank of England rate-setter Catherine Mann on Monday backed further increases in interes..
Finance
UK seeing exodus of R&D activity, research reveals
Blow to ‘Science Superpower’ as more than two thirds of UK firms set up R&D activity abroad in 2022, with a noticeable tran..
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