4 Mins Ago UAE keeps eyes on ambitious growth target UAE Economy Minister Abdullah bin Touq al Marri has doubled down on Abu Dhabi’s intentions to chase economic growth of 7% of the national GDP in 2024, with a focus on expanding the country’s revenue streams. “On non-oil GDP we’re doing really above 5% and … Read more
20 Mins Ago Nissan will invest over £1 billion in the U.K. to build electric versions of top-selling models, CEO says Makoto Uchida, president and CEO of Nissan, tells CNBC of the auto giant’s growing electric investment in the U.K. An Hour Ago Retailers have learned how to stretch out Black Friday sales, analyst says … Read more
47 Mins Ago Sterling rises after UK business activity beats expectations The British pound gained Thursday after U.K. business activity defied expectations and returned to growth in November. The preliminary purchasing managers’ index from S&P Global/CIPS, a measurement of services and manufacturing, put activity at 50.1 — ahead of the 50 mark separating growth from … Read more
1 Min Ago Hunt: Universal Credit and other benefits to increase by 6.7% Hunt says Universal Credit and other benefits will increase by 6.7%, in line with September’s annual inflation figure and amounting to an average increase of £470 for 5.5 million households next year. Universal Credit is a means-tested social security payment to low-income … Read more
49 Mins Ago Europe stocks to open higher IG data shows European markets opening higher, with the FTSE 100 up 26 points at 7,473, France’s CAC 40 up 22 points at 7,085, and Germany’s DAX up 53 points at 15,197. — Jenni Reid 5 Hours Ago China services activity rebound slightly in October: Caixin survey … Read more
Deutsche Bank on Wednesday reported a third-quarter net profit of 1.031 billion euros ($1.06 billion), slightly beating expectations despite an 8% fall on the previous year and ongoing struggles in the lender’s investment unit. Analysts had expected a quarterly net profit attributable to shareholders of 997 million euros, according to LSEG data. Net profit was … Read more
A view of the Canary Wharf financial district of London. Prisma by Dukas | Universal Images Group | Getty Images LONDON — Barclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in its consumer and credit card businesses compensated for weakening … Read more
12 Hours Ago Battery raw material prices are falling ‘drastically,’ CRU says Martin Jackson, head of battery raw materials at CRU, says the lithium, cobalt and nickel markets are generally oversupplied and “it will continue to be like that for several years.” 14 Hours Ago Swiss pharma giant Roche agrees $7.1 billion deal to buy … Read more
17 Mins Ago Europe stocks open lower European stocks were lower early Monday, with the benchmark Stoxx 600 index falling 0.4%. Most sectors traded lower except oil and gas, keeping the U.K.’s energy-heavy FTSE 100 at a 0.3% loss as Germany’s DAX and France’s CAC 40 shed 1% and 1.1%, respectively. See Chart… Stoxx 600 … Read more
An Hour Ago Europe stocks open higher European stocks opened cautiously higher Monday, looking for a fresh start after the weakest quarter of the year and two straight monthly declines. The regional Stoxx 600 index was up by 0.3% at 8:10 a.m. London time, with France’s CAC 40 gaining 0.5%, Germany’s DAX up by 0.36% … Read more