business-investment
BusinessUK’s reeves vows no repeat of budget tax rises after employers’ warning
BusinessGreggs’ growth story won’t be derailed by UK budget, CEO says
BusinessVW union proposes $1.6 billion of cuts, but no plant closures
FinanceInsolvencies in Germany up 22.9% year-on-year in October
Royal mail owner IDS returns to profit but warns on cost environment
Date: November 21, 2024
(Reuters) -International Distribution Services reported a first-half adjusted operating profit on Thursday, as sustained parcel demand helped the British firm narrow losses at its Royal Mail business despite a weaker-than-expected market. Royal Mail’s reported losses include an impairment charge, chiefly due to expected additional tax burden reflected in an about 120 million pound annual increase...
Comcast to spin off some cable TV networks as streaming dominates
Date: November 21, 2024
By Dawn Chmielewski (Reuters) -Comcast said on Wednesday that it plans to spin-off the bulk of its fading NBCUniversal cable TV networks, including MSNBC and CNBC, as the company said it is repositioning itself for growth in the streaming era. Shares of the company were off less than 1% after the announcement that Comcast would...
UK retail warns of inflation and job losses from budget, seeks reeves meeting
Date: November 19, 2024
LONDON (Reuters) – Britain’s biggest retailers have written to finance minister Rachel Reeves to warn her that last month’s budget will make both higher prices and job losses a certainty and dent investment. The letter, coordinated by the British Retail Consortium trade body and signed by 79 retail bosses, including those at Tesco, Marks &...
UK creates new businesses at slowest rate since 2010
Date: November 18, 2024
LONDON (Reuters) – Britons started new businesses last year at the slowest rate since 2010, a potential warning sign for longer-term economic growth and productivity, according to official data published on Monday. The number of new businesses started in the United Kingdom fell to 316,000 in 2023 from 337,000 in 2022, the Office for National...
While farmers protest, UK’s starmer says will defend budget ‘all day long’
Date: November 17, 2024
LONDON (Reuters) -British Prime Minister Keir Starmer said on Saturday he would defend decisions taken in his Labour government’s first budget “all day long”, while farmers protested over changes to inheritance tax. Addressing a Welsh Labour Conference in Llandudno, north Wales, Starmer did not refer directly to the farmers’ complaints, but he said he stood...
LVMH unit to close historic venice department store
Date: November 16, 2024
MILAN (Reuters) – DFS Group, the Hong Kong-based travel retailer controlled by luxury giant LVMH, said on Friday it was shutting down its business in Venice’s historic Fondaco dei Tedeschi building. DFS said it would fire over 220 employees, according to trade unions and Venice city councillor Simone Venturini. “This difficult decision is part of...