Commodities
EG Group eyes up Caffe Nero - report
The British billionaire brothers behind the £6. 8bn takeover of supermarket chain Asda are poised to swoop on coffee chain Caffe Nero, it was reported on Monday.
London job vacancies suffer hardest fall among EU capital cities
London has suffered the biggest fall in job opportunities among Europe’s biggest cities, according to a report by Indeed that showed the effect of Covid-19 on capitals across the region.
China's economy continues to rebound post Covid
China’s manufacturing sector expanded at the fastest rate in more than three years in November, official data showed on Monday, as the country’s economy continued to rebound from the impact of Covid-19.
Banco Sabadell gives Goldman mandate to sell TSB
Goldman Sachs has been given the mandate to sell Spanish lender Banco Sabadell's UK unit, TSB.
European state aid rules should be eased to help lenders, ECB official says
A top European Central Bank official said state aid rules should be eased and bank deposits protected to help lenders through the Covid-19 pandemic.
Germany to ask EU to close ski resorts
Germany is to push for ski resorts across Europe to stay closed until January, it was reported on Thursday.
German confidence falters on fresh round of lockdown restrictions
German consumer sentiment is forecast to tumble in December after lockdown measures introduced to tackle a resurgence in Covid-19 cases dented confidence.
Shell UK narrows gender pay gap in 2020
Royal Dutch Shell’s female employees in Britain earned 18% less on average than their male colleagues in 2020, a pay gap that has narrowed since 2019.
Brexit deal impossible to call, Brussels warns
The president of the European commission said she could not predict whether the EU would strike a post-Brexit trade deal with the UK with little more than a month until the deadline.
Weekly US jobless claims rise unexpectedly in latest week
First time unemployment claims in the US registered a moderate and unexpected rise last week.
Odey accuses Rio Tinto of destroying value over Mongolian mine
Odey Asset Management has accused Rio Tinto of destroying value through lack of action over problems at Turquoise Hill, through which Rio Tinto owns a giant copper mine in Mongolia.
Airlines could lose $157bn in 2020-21 - IATA
Airlines could lose a total $157bn this year and next, the International Air Transport Association warned on Tuesday.
Barclays upgrades Meggitt, Senior
Barclays upgraded Meggitt and Senior on Tuesday as it took a look at the European aerospace and defence sector.
Strong consumer spending sees German economy rebound in Q3
Germany’s economy rebounded strongly in the third quarter, official data showed on Tuesday, after lockdown restrictions were eased and consumer spending surged.
GSA ascertains Joe Biden is the winner of the 2020 US elections
The General Services Administration has ascertained that the Democratic party's Joe Biden was the "apparent winner" of the US presidential elections, in effect signalling the start of the transition period between the Trump administration and his own.
Proof of Covid-19 vaccination may be required for travel, says Qantas
International passengers will only be able to travel on Qantas flights if they have been vaccinated against Covid-19, the airline’s chief executive has suggested.
CMA mulling opening investigation into Google 'privacy sandbox' adtech
The UK’s Competitive Markets Authority is mulling whether to open an investigation into Google after receiving a complaint against what a group of companies alleged was an anticompetitive new advertising technology which the search giant was set to roll-out early in 2020.
Eurozone business activity slumps amid Covid-19 second wave
Eurozone business activity fell sharply in November, putting the bloc on track for a double-dip recession as governments imposed restrictions to stem a second wave of Covid-19 infections.
Mnuchin tries to play down dispute with Fed
US Treasury Secretary Steve Mnuchin tried to play down his decision not to extend several emergency Federal Reserve lending facilities but economists said his move risked damaging the economy.
BofA stays 'overweight' value versus growth, spies upside potential
Strategists at Bank of America reiterated their 'overweight' stance on so-called 'value' stocks versus 'growth', telling clients that it was the best way to position for an economic recovery into 2021 with potential upside to be had in the group versus their base case.