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Jewellery retailer Pandora raises growth targets, shares jump
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Novo Nordisk’s Wegovy bonanza looms large in Denmark
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Birkenstock the latest shoe IPO to drop in a tough market
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UK new car sales rise about 20% in September, says industry body SMMT
UK PM Sunak offers billions for new links after scrapping HS2 northern leg
Date: October 5, 2023
UK PM Sunak offers billions for new links after scrapping HS2 northern leg By Alistair Smout and Sarah Young MANCHESTER (Reuters) – British Prime Minister Rishi Sunak cancelled the northern leg of the costly HS2 high-speed rail project on Wednesday and pledged to invest billions of pounds in local rail and road links instead, saying...
Europe could become energy self-sufficient in $2 trillion push – study
Date: October 5, 2023
Europe could become energy self-sufficient in $2 trillion push – study FRANKFURT (Reuters) – Europe could wean itself off fossil fuels and create a self-sustainable energy sector by spending around 2 trillion euros ($2.1 trillion) on solar, wind and other regenerative sources by 2040, according to a new study. The report, led by the Potsdam...
World’s biggest bond markets steady after heavy selloff
Date: October 4, 2023
World’s biggest bond markets steady after heavy selloff By Alun John and Naomi Rovnick LONDON (Reuters) -A broad selloff in world government bonds on Wednesday drove up U.S. 30-year Treasury yields to 5% for the first time since 2007 and German 10-year yields to 3%, moves that could hasten a global slowdown and hurt stocks...
UK business downturn eases after inflation data, BoE pause – PMI
Date: October 4, 2023
UK business downturn eases after inflation data, BoE pause – PMI LONDON (Reuters) – British services companies suffered a less severe downturn in September than first feared, reflecting a surprise fall in inflation and the Bank of England’s decision to leave interest rates on hold, a business survey showed on Wednesday. The final reading of...
Euro zone economy likely contracted in Q3 amid waning demand
Date: October 4, 2023
Euro zone economy likely contracted in Q3 amid waning demand By Jonathan Cable LONDON (Reuters) – The euro zone economy probably shrank last quarter, according to a survey which showed demand fell in September at the fastest pace in almost three years as indebted consumers reined in spending in the face of rising borrowing costs...
Global bond rout deepens before receding on relief rally
Date: October 4, 2023
Global bond rout deepens before receding on relief rally By Herbert Lash and Tom Wilson NEW YORK/LONDON (Reuters) -A rout in government bond markets deepened on Wednesday with benchmark U.S. yields hitting fresh 16-year highs as investors bet that persistently high interest rates will slow world growth and dampen the appetite for riskier assets. Treasury...