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Spain’s unemployment rate inches up to 12.87% in Q4 2022
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Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 million vehicles
UK income inequality widens after pandemic dip
Date: January 26, 2023
By David Milliken LONDON (Reuters) – British income inequality rose to a three-year high in the 2021/22 financial year after a dip during the coronavirus pandemic, but remains below peaks seen in the run-up to the 2008 financial crisis, official figures showed on Wednesday. The median British household had after-tax income – including wages, cash...
Global 2023 economic view downgraded, at odds with market optimism: Reuters poll
Date: January 26, 2023
By Hari Kishan BENGALURU (Reuters) – Global economic growth is forecast to barely clear 2% this year, according to a Reuters poll of economists who said the greater risk was a further downgrade to their view, at odds with widespread optimism in markets since the start of the year. Falling energy prices, a slowdown in...
London stocks rise as EasyJet flies high after results
Date: January 25, 2023
By Sruthi Shankar (Reuters) -UK shares rose on Wednesday, as upbeat earnings from airline EasyJet and insurer Aviva helped outweigh worries about Britain’s gloomy economic outlook and further interest rate rises. The blue-chip FTSE 100 edged up 0.1% and the midcap FTSE 250 index climbed 0.5%, bucking a cautious mood across European markets. Airline stocks...
Flavour maker Givaudan’s sales slow as North America weighs
Date: January 25, 2023
By Jagoda Darlak (Reuters) -Swiss fragrance and flavour maker Givaudan on Wednesday posted a slowdown in end-year sales, putting further strain on margins in a year marked by high input costs and supply chain disruptions. The group, which has so far passed the steep cost increases on to customers including cosmetics firms and drinks makers,...
Lonza to buy back $2.17 billion worth of shares, backs mid-term growth
Date: January 25, 2023
By Ludwig Burger and Tristan Chabba (Reuters) -Lonza on Wednesday said it will buy back shares worth 2 billion Swiss francs ($2.17 billion), despite an expected drop in annual margins, as the Swiss drug contract manufacturer backed its growth prospects for the near future. Lonza expects its 2023 core earnings before interest, depreciation and amortization,...
UK’s Wetherspoon posts 13.1% rise in sales for 25-wk period
Date: January 25, 2023
(Reuters) – UK’s J D Wetherspoon reported a 13.1% rise in like-for-like sales for the 25 weeks to Jan. 22 on Wednesday, as customers spent on drinks and food over the holidays, the first not marred by COVID restrictions. This was 0.7% lower than its pre-pandemic levels, Wetherspoon said. (Reporting by Radhika Anilkumar in...