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Sterling creeps higher despite downbeat data as dollar wavers
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Britain’s Sainsbury’s raises staff pay again and offers food perk
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Premium bicycles win new fans among China’s city folk
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Fuel markets to stay tight till mid-2020s as refining shrinks
European shares rise as deal cheer lifts Aveva, Schneider
Date: September 13, 2022
By Shreyashi Sanyal (Reuters) -European shares rose for a fourth straight session on Tuesday, with Aveva jumping on a report that France’s Schneider was nearing a deal to buy out the company. The pan-European STOXX 600 index had risen 0.3% by 0825 GMT, touching levels not seen in more than two weeks. Shares of British...
UK’s FTSE 100 gets a lift from commodities as U.S. inflation data looms
Date: September 13, 2022
By Bansari Mayur Kamdar and Johann M Cherian (Reuters) – UK’s main index ticked up in choppy trading on Tuesday on gains in commodity linked shares, while mixed labour market data pointed to more headache for the Bank of England looking to rein in surging inflation. Global investors are also closely tracking crucial inflation figures...
Bottlenecks, supply problems improving at ABB robotics division – board member
Date: September 13, 2022
MUNICH (Reuters) – Bottlenecks in the supply of semiconductors and other components for ABB’s robotics division are improving, the board member responsible for the unit said late on Monday. “It’s getting better right now, but it’s not over yet,” Sami Atiya, head of ABB’s robotics division, told reporters in Munich. “It will take a few...
Stora Enso sells paper mill to German Lidl owner Schwarz Group
Date: September 13, 2022
HELSINKI (Reuters) – Finnish forestry group Stora Enso said on Tuesday it would sell its Maxau paper production site in Germany to Schwarz Group, the owner of discount supermarket chains Lidl GB and Kaufland. The transaction is part of Stora Enso’s plan to divest four of its five remaining paper production sites as it shifts...
Spain August final 12-month inflation at 10.5%
Date: September 13, 2022
MADRID (Reuters) -Spanish consumer prices rose 10.5% year-on-year in August, slightly higher than the flash estimate released last month but down from 10.8% during the period through July, final data released by the National Statistics Institute showed on Tuesday. Analysts polled by Reuters had seen 12-month inflation to August at 10.4%. Although inflation has softened...
Ocado Retail cuts outlook as Britons tighten belts
Date: September 13, 2022
By James Davey LONDON (Reuters) -British online supermarket Ocado Retail downgraded its full-year outlook on Tuesday, saying customers are trying to navigate the cost of living crisis by buying fewer products and trading down to cheaper items. The business, a 50:50 joint venture between Ocado Group and Marks & Spencer, said it now expects a...