(Reuters) – Consultancy Next Fifteen Communications has terminated its takeover offer of M&C Saatchi after the required majority of the British advertising group’s shareholders did not vote in favour of the proposal at a court meeting on Monday. Amid a…
Dollar, bond yields rise ahead of pivotal rate hikes
By Marc Jones LONDON (Reuters) – Stocks stalled and the dollar and bond yields edged higher on Monday as record euro zone inflation, weak Chinese data and Russia’s withdrawal from a crucial grain pact set traders up for another bumper Federal Reserve r…
Trafigura’s Puma Energy completes oil logistics sale
LONDON (Reuters) – Trafigura’s Puma Energy said on Monday it had completed the sale of infrastructure assets to ITG Sarl, the parent of a Trafigura joint venture called Impala Terminals, as part of a plan to refocus the unit and reduce its net debt. Th…
UK energy price caps will help to reduce inflation, ONS rules
LONDON (Reuters) – Britain’s energy price cap for consumers and government-funded discounts on bills for businesses will push official measures of inflation lower, the country’s statistics office said on Monday. The Office for National Statistics said …
Norway military sharpens security in response to Ukraine war
OSLO (Reuters) – Norway’s military will sharpen the country’s security from Nov. 1 in response to the war in Ukraine, Prime Minister Jonas Gahr Stoere said on Monday. (Reporting by Gwladys Fouche, editing by Terje Solsvik)
Exclusive-Output of Apple iPhones at major China plant could fall 30% amid COVID curbs -source
By Yimou Lee TAIPEI (Reuters) – Production of Apple Inc’s iPhones could slump by as much as 30% at one of the world’s biggest factories next month due to tightening COVID-19 curbs in China, a person with direct knowledge of the matter said on Monday. M…
UK lending figures point to cooling economy, market turmoil
LONDON (Reuters) – Lending to British consumers rose last month by less than expected and the number of mortgages approved by British lenders eased back, according to Bank of England data on Monday that point to tougher times ahead for Britain’s econom…
A third of UK hospitality businesses could go bust, industry warns
LONDON (Reuters) – Over a third of the UK’s hospitality sector is at risk of going bust early next year due to soaring energy costs, rises in the cost of goods and falling consumer spending, according to a survey published on Monday. The survey by UKHo…
Germany condemns violence by Iranian security forces against protesters
BERLIN (Reuters) – Germany condemns “in the strongest terms” a violent crackdown by Iranian security forces against protesters and the state repression of journalists there, a German government spokesperson said on Monday Germany welcomed further sanct…
UK’s FTSE 100 dips as commodity stocks weigh
(Reuters) – UK’s FTSE 100 inched lower on Monday, weighed down by losses in commodity-linked stocks, even as reports Prime Minister Rishi Sunak could extend a freeze on British foreign aid soothed some nerves. The blue-chip FTSE 100 slipped 0.1% by 080…