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The Competition and Markets Authority will be asking if the market is ‘working well for music lovers’.
ZURICH (Reuters) -Swiss chocolate maker Barry Callebaut said strong demand for chocolate, in particular from chefs and caterers, lifted its sales in the three months to Nov. 30, allowing it to confirm its mid-term forecasts. Global demand for chocolate confectionery recovered last year, and Barry Callebaut is benefiting from big food groups outsourcing chocolate production and smaller customers such as restaurants and bakeries also turning to it for upmarket chocolate supplies. Sales volumes rose 8.9% to 610,048 tonnes in the first quarter of fiscal year 2021/22, ahead of underlying chocolate market growth of around 3.1%, the world's biggest chocolate maker said in a statement.
Royal Mail shares have been volatile, so will short-term issues subside? Andrew Woods investigates where this stock might be heading next. The post Royal Mail shares: where are they going next? appeared first on The Motley Fool UK.
LONDON (Reuters) -British consumers' spending on credit and debit cards increased slightly last week as more people went out shopping or to restaurants, according to weekly data that add to signs of a waning economic impact from the Omicron wave of COVID cases. Britain's economy regained its pre-pandemic size for the first time in November, but economists estimate that output slipped back in December and early January, when a wave of COVID cases hit the hospitality sector especially hard.
IVECO GROUP N.V. IVECO_BUS_Crossway_CRI_Altobiocontenimento_Credits Croce Rossa Italiana Turin, 27th January 2022. The Italian Red Cross chose Crossway by IVECO BUS, a brand of Iveco Group (MI: IVG) and a leading manufacturer of buses and coaches, for its new high-biocontainment vehicle. The vehicle is a world first, capable of transporting up to 41 potentially infectious people plus 6 crew members, in total safety, within restricted areas like airports and to accommodation, hospital, and care f
FRANKFURT (Reuters) -Deutsche Bank delivered its most profitable year in a decade on the back of a dealmaking bonanza, strengthening Chief Executive Christian Sewing's hand as he fine tunes a new strategy and tackles costly competition for talent. Analysts had forecast a fourth quarter loss and shares in Germany's largest bank rose by more than 5% after the surprise finale to 2021, which marked the second straight annual profit following years of losses. Deutsche had to pay up to keep its traders and dealmakers on board, with compensation at its investment bank soaring 30% in the final quarter.
As UK shares go, these FTSE 100 companies could be some of the best shares to buy now, considering their unique competitive advantages. The post UK shares: my top no-brainer FTSE 100 stocks to buy now appeared first on The Motley Fool UK.
Could these dividend-paying FTSE 100 stocks be too good to miss? Here, Royston Wild gives the lowdown on the two cheap UK shares. The post Should I buy these cheap FTSE 100 dividend stocks? appeared first on The Motley Fool UK.
BERLIN (Reuters) -The German government expects consumer price inflation to rise further this year, contrary to earlier projections, which will likely lead to higher wage demands by labour unions, the economy ministry said in its annual economic report on Wednesday. The government predicts a national inflation rate (CPI) of 3.3% for 2022 after 3.1% in 2021 as higher energy costs and a scarcity of semiconductors and other intermediate products continue to push up overall prices, the ministry said. "The federal government is closely monitoring the development of the inflation rate and the key factors driving prices, especially those linked to energy markets and supply chain disruptions," it said.
With £1,000 to invest in the stock market after recent turbulence, our writer picks four shares he would buy for his portfolio. The post How I’d invest £1,000 in UK shares today appeared first on The Motley Fool UK.
LONDON (Reuters) -Budget airline Wizz Air warned its fourth-quarter loss would likely top the 213.6 million euros ($241.2 million) third-quarter hit reported on Wednesday, before an expected recovery takes off fuelled by demand from Britain. European airlines have been on a rollercoaster ride over the last year as governments dropped, and then sometimes reimposed, restrictions that increased both the cost and hassle of travel in a bid to contain waves of the pandemic. CEO Jozsef Varadi told Reuters Wizz Air had cut costs and acquired new landing slots, meaning it was in a stronger position to compete with the likes of Ryanair and easyJet once the long-expected recovery comes.
The Prime Minister toured Hanson UK’s plant in Penmaenmawr, where the firm has reopened a railway line to transport its construction aggregates.
STOCKHOLM (Reuters) -Hygiene products group Essity reported a bigger-than-expected drop in fourth-quarter profit on Wednesday and said it planned to further hike prices in the face of record high costs for raw material, energy and distribution. Operating profit at the world's second-biggest maker of consumer tissue fell 34% from a year earlier to 2.75 billion Swedish crowns ($297 million) despite an 11% rise in sales. The Swedish group, which sells consumer tissue such as toilet paper and napkins under a large number of brands including Lotus, Tempo and Vinda, announced plans to raise prices in all product categories and markets this year to compensate for the substantially higher costs.
Action filed in high court for alleged passing-off in relation to Wolfoo channel and merchandise
Citigroup plans £100m revamp of Canary Wharf tower. US investment bank to refurbish 42-storey building in London Docklands over next three years
MILAN (Reuters) -Italian lender UniCredit has signed an agreement with unions for 1,200 voluntary job cuts to be partly offset by 725 new hires, the country's biggest banking union said on Thursday. The accord follows a new three-year plan https://www.reuters.com/markets/europe/unicredit-targets-2024-net-profit-above-45-bln-euros-2021-12-09 to the end of 2024 presented on Dec. 9 by Chief Executive Andrea Orcel, who had taken over in April from predecessor Jean Pierre Mustier. At the time UniCredit had not disclosed job cuts, saying it first had to negotiate with unions.
(Reuters) -London's FTSE 100 rose on Wednesday with heavyweight mining, energy and banking shares leading gains before the outcome of a U.S. Federal Reserve meeting, while Playtech dropped on reports of a potential breakup. The blue-chip FTSE 100 rose 1.3% with Royal Dutch Shell, Glencore and HSBC Holdings the top boosts to the index. The FTSE 100 has gained 1.3% so far this year, significantly outperforming a 4.4% drop in the wider European stock aggregate, helped by cheap valuations, strong banking and energy gains and a lower exposure to technology stocks.
It’s as good as earlier models, and now comes with a little help from Alexa
The publisher said profits were set to be ‘materially’ ahead of market expectations for the year to February 28.
Crude oil prices have risen fast over the past year, but could rise even further. These two FTSE 100 stocks would make great buys right now, believes Manika Premsingh. The post Oil could rise to $150 – 2 no-brainer FTSE 100 stocks to buy appeared first on The Motley Fool UK.