(Reuters) – Spanish national consumer prices rose 8.3% year-on-year in April, according to data from the National Statistics Institute on Friday, compared to 9.8% in March, and a Reuters poll forecast of 8.4%.
LONDON (Reuters) – Ken Murphy, the CEO of Tesco, Britain‘s biggest retailer, received a total pay package of 4.75 million pounds ($5.8 million) in 2021-22 and has been awarded a salary increase for the current year, the group’s annual report showed.
(Reuters) – UKs FTSE 100 recouped losses on Friday towards the end of a volatile week, led by a rebound in oil and banking stocks, even as investors continued to wrestle with concerns over stubborn inflation and economic slowdown.
LONDON (Reuters) – A team of U.S. Congress members will travel to London and other capitals as concerns grow in Washington about the tensions caused by Britains post-Brexit stand-off with the European Union over Northern Ireland, the Guardian newspaper said.
FRANKFURT (Reuters) – EnBW, Germanys third-largest energy firm, said on Friday it nearly doubled its quarterly profit after a weak first quarter of 2021 thanks to strong performance at its generation unit as it worked to reduce its dependence on Russian energy.
A look at the day ahead in markets from Dhara Ranasinghe.
By Byungwook Kim SEOUL (Reuters) – South Korea was the first country to launch a fifth-generation mobile network in 2019, heralding a warp-speed technological transformation to self-driving cars and smart cities.
LONDON (Reuters) – Britains minister for Brexit opportunities, Jacob Rees-Mogg, said on Friday that a tighter monetary policy and constrained fiscal policy would be the right response to control inflation and help ease a cost-of-living crisis.
OSLO (Reuters) – Norways economy contracted in the first quarter amid coronavirus lockdowns, but growth resumed towards the end of the period, Statistics Norway (SSB) data showed on Friday.
LONDON (Reuters) – British software company Sage met market expectations with a 4% rise in organic operating profit for the six months to end-March on Friday and said its margin was expected to trend higher in the second half and beyond.
(Reuters) – French care home group Orpea, which faces criminal complaints over how it runs its centres and treats its elderly residents, said on Friday it would not pay a dividend on 2021 earnings and announced a financing scheme with its lenders as it faces major
By Davide Barbuscia NEW YORK (Reuters) – U.S. loans have outperformed other debt instruments this year because of the protection they offer from rising interest rates, but a sharp deterioration in financial markets over the past few weeks has spilled even into this traditional safe haven.
OSLO (Reuters) -Norwegian Air posted a loss for the first quarter on Friday and said rising fuel costs will partly offset the positive effects of increased bookings for the summer season.
(Reuters) – German telecoms group Deutsche Telekom reported first quarter core profit just above market estimates on Friday and raised its guidance for 2022.
KYIV (Reuters) – Russias Gazprom has reduced the booked capacity for gas transit through Ukraine via the Sudzha entry point on May 13 to 60.8 million cubic metres (mcm) from the previously announced 65.7 mcm, Ukraine pipeline operator data showed on Friday.
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A surprising lack of panic in the U.S. stock market as measured by Wall Streets “fear gauge” is keeping some investors from calling a bottom on an already bruising equity selloff.
By Dhara Ranasinghe, Saikat Chatterjee and Davide Barbuscia
MILAN (Reuters) – Italy‘s second-biggest insurer UnipolSai targets overall net profits of 2.3 billion euros ($2.39 billion) over the next three years as it invests in technology and bancassurance to consolidate its position in the country’s insurance industry.
By Rozanna Latiff and Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysias economic growth picked up pace in the first quarter on recovering demand and a stronger labour market as the global economy rebounds from the coronavirus pandemic, the central bank said on Friday.
JAKARTA (Reuters) – Indonesia has impounded at least 81,000 litres of cooking oil bound for East Timor, the trade ministry said, as the Southeast Asian country seeks to enforce a ban on exports of crude palm oil and its derivatives including cooking oil.