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UK pensions insurance deals to rise more than 25% in 2022-adviser
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UK’s Wetherspoon to slip into the red amid ‘laborious’ pub recovery
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Cellnex withdraws offer for Deutsche Telekom’s $18 billion towers unit
Investing
FTSE 100 falls as UK’s surprise growth fails to ease recession fears
European shares slip ahead of U.S. inflation; investors focus on euro
Date: July 13, 2022
By Susan Mathew (Reuters) -European shares slipped on Wednesday, as investors awaited data for U.S. inflation, expected to hit 40-year highs, cementing the case for a large interest rate hike by the Federal Reserve, and possibly pushing the euro to parity with the dollar. The pan-European STOXX 600 index fell 0.8%, after ending higher in...
Exclusive: Tesla supplier Panasonic eyes 20% jump in battery density by 2030
Date: July 13, 2022
By Norihiko Shirouzu (Reuters) – Panasonic Energy Co, a major Tesla supplier, is working on new technology to increase battery energy density by a fifth by 2030, the Japanese company’s chief technology officer told Reuters. That gain, if achieved, could boost the driving range of a Model Y, for example, by over 100 km (62...
PageGroup profit swells as employers fast-track hiring
Date: July 13, 2022
(Reuters) -London-listed global recruiter PageGroup Plc said on Wednesday quarterly gross profit rose nearly 26%, fuelled by tightening competition for candidates and shorter hiring times thanks to video interviewing. The jobs market has seen red-hot demand in the face of tight labour markets and a raging war for talent, as employees move jobs and employers...
Eight hopefuls wanting to be next UK PM face first vote to narrow field
Date: July 13, 2022
By Michael Holden LONDON (Reuters) – Conservative lawmakers will vote on Wednesday to narrow the field of eight candidates hoping to succeed Boris Johnson as party leader and prime minister, as rival camps trade barbs in an increasingly fractious contest for the leadership. Three of the 11 initial challengers for the premiership fell away on...
Commodity swings could pose ‘outsize’ hit to economy, says G20 watchdog
Date: July 13, 2022
By Huw Jones LONDON (Reuters) – The G20’s financial watchdog said on Wednesday that commodity markets should be closely monitored, since energy and metal prices swings like those triggered by Russia’s invasion of Ukraine potentially pose an “outsize” hit to the global economy. The Financial Stability Board, which groups treasury officials, central bankers and regulators...
China Q2 GDP growth seen dipping to 1% on COVID hit, 2022 growth at 4% – Reuters poll
Date: July 13, 2022
By Kevin Yao BEIJING (Reuters) – China’s economic growth likely slowed sharply in the second quarter as COVID-19 lockdowns hit factories and consumer spending, a Reuters poll showed, suggesting policymakers may have to do more to spur a faster recovery. Gross domestic product (GDP) likely grew 1.0% in the April-June quarter from a year earlier,...