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Factbox-Europe’s crisis measures to tackle energy price spike
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UK economy still below pre-pandemic size, underscoring challenge for Truss
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Bank of England won’t make emergency rate hike but will go big on Nov 3 – Reuters Poll
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Pizza group DP Eurasia sharpens Turkish focus as Russia risk high
Global dealmaking plunges as financing market hits rock bottom
Date: September 30, 2022
By Anirban Sen, Pamela Barbaglia and Abigail Summerville NEW YORK/LONDON (Reuters) – Global M&A shrank for the third consecutive quarter as rising interest rates forced lenders to pull back from financing large deals and the soaring dollar failed to spur U.S. companies into snapping up foreign targets amid persisting geopolitical tensions. A steep fall in...
UK minister says government will work with OBR on economic forecasts
Date: September 30, 2022
LONDON (Reuters) – Britain’s City minister Andrew Griffith said on Friday that Prime Minister Liz Truss and finance minister Kwasi Kwarteng would meet the independent fiscal watchdog regarding economic forecasts. “We all want the forecasts to be as quickly as they (OBR) can but also .. you also want them to have the right level...
Britain’s JD Sports extends Nike ties with partnership deal
Date: September 30, 2022
LONDON (Reuters) – Britain’s biggest sportswear retailer JD Sports Fashion has extended its links with Nike Inc with a deal that gives its customers access to more of the U.S. brand’s footwear and apparel. The retailer said on Friday it would be Nike’s first European retail partner for its Connected Partnership loyalty programme, giving JD...
UK job vacancies fall to post-pandemic levels, REC says
Date: September 30, 2022
LONDON (Reuters) – British job vacancies dropped to the lowest level since the COVID-19 pandemic last week, a sign of a further weakening in the labour market that has been cooling since July, according to data from the Recruitment & Employment Confederation (REC). There were 143,000 new job postings in the week of Sept. 19-25,...
UK watchdog contacts banks following huge withdrawal of mortgage deals -FT
Date: September 30, 2022
(Reuters) – Britain’s Financial Conduct Authority (FCA) has contacted lenders in the United Kingdom following the withdrawal of more than 1,600 mortgage products by most high-street lenders, the Financial Times reported on Thursday. In the aftermath of finance minister Kwasi Kwarteng’s fiscal plan that sent British financial markets into turmoil, the FCA was asking banks...
Lindt wins chocolate bunny battle in Swiss court
Date: September 30, 2022
ZURICH (Reuters) – Lindt & Spruengli’s foil-wrapped chocolate bunnies deserve protection from copycat products, Switzerland’s highest court ruled on Thursday, and ordered German discounter Lidl to stop selling a similar product in Switzerland and to destroy its remaining stock. Surveys submitted by Lindt showed Lindt’s Easter bunny was well known to the public, the Federal...