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FTSE 100 Slides into Red as Ocado Weighs

FTSE 100 down 0.1, FTSE 250 off 0.05 Wage growth rises unexpectedly Revolution Bars Group slumps FTSE 100 hovers over 412year high Jan 17 Reuters UK39;s bluechip FTSE 100 edged lower on Tuesday, snapping a fourday winning streak, as Ocado sank on grim Christmas sales at its online supermarket venture, while data showing rising pay […]
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European Borrowers Start Year with 170B Euro Debt Sale Spree

Jan 17 Reuters European debt sales have had their fastest start to the year on record as governments and financial institutions take advantage of borrowing costs falling from multiyear highs. Borrowers raised 170 billion euros 184 billion in the first two weeks of 2023 from euro and sterling bond sales, Refinitiv data showed, the highest […]
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Lindt Spruengli FY Sales Rise 8, Backs 2023 View

ZURICH, Jan 17 Reuters Lindt Spruengli said on Tuesday that strong international sales helped organic sales grow by 8.4 last year and the Swiss chocolate maker backed its sales growth forecast for this year, despite expecting inflation to pose a challenge. Overall sales rose to 4.97 billion Swiss francs 5.30 billion in 2022, the maker of […]
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Renault Sales Fall for 4th Straight Year

PARIS, Jan 17 Reuters The Renault group on Tuesday said sales at its flagship brand fell for a fourth consecutive year in 2022 to 1,466,729 units excluding Russia, a 9.4 decline from 2021. The French carmaker, which was hit harder than most rivals by the COVID19 crisis and supply chain snags due to chip shortages, is […]
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Luxury Giant LVMH Hits 400 Billion Euro in Market Value

MILAN, Jan 17 Reuters LVMH shares rose to a fresh record high on Tuesday, giving the luxury goods group a market capitalisation of 400 billion euros 434 billion for the first time and cementing its lead as Europe39;s most valuable company. Like other luxury companies which are heavily exposed to China, LVMH has benefited this year […]
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New Zealand Business Confidence at Lowest since 1974

WELLINGTON, Jan 17 Reuters New Zealand39;s business confidence in the fourth quarter of last year hit its lowest level since 1974 as companies grapple with higher interest rates, cost pressures and soft demand, a private think tank said on Tuesday. A net 70 of firms surveyed expected general business conditions to deteriorate compared with 42 […]
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