By Sam Tobin LONDON (Reuters) – British billionaire Richard Branson severely damaged Virgin Group’s reputation by residing in a tax haven while UK-based airline Virgin Atlantic sought a government bailout during the pandemic, according to internal Virgin emails cited in a $250 million London lawsuit on Monday. The emails were cited by lawyers for U.S….
By Amruta Khandekar and Shreyashi Sanyal (Reuters) -European shares erased gains by the closing bell to finish lower on Monday as AstraZeneca led falls among healthcare stocks that outweighed gains by Generali and among miners buoyed by hopes of more policy stimulus from China. The pan-European STOXX 600 index dipped 0.2%, reversing gains of some…
By Michael Holden LONDON (Reuters) -An alleged sex assault victim of Kevin Spacey said the “slippery” Hollywood actor had tried to “groom” him, and the repeated groping assaults had left him feeling physically sick, a London court heard on Monday. Spacey, 63, is on trial at Southwark Crown Court accused of a dozen allegations of…
LONDON (Reuters) – Megan Greene, who is due to join the Bank of England’s Monetary Policy Committee this week, said central banks should not assume that interest rates will settle back down at their pre-coronavirus levels along with lower inflation. In a column published by the Financial Times on Monday, Greene said it was unclear…
By David Milliken LONDON (Reuters) – Britain’s economy shrank fractionally less than previously estimated in 2020 when the COVID-19 pandemic prompted the government to require many businesses to stop face-to-face operations, revised data suggested on Monday. The Office for National Statistics said it now estimated that Britain’s economy shrank by 10.9% rather than 11.0% in…
A look at the day ahead in U.S. and global markets from Mike Dolan A holiday-staggered week for U.S. markets looks like picking up where a bumper first half of the year ended on Friday, with Tesla wowing the gallery with impressive delivery stats. Tesla stock zoomed 5% higher ahead of Monday’s open, beating forecasts…
By Lewis Jackson SYDNEY (Reuters) -PwC Australia has fired eight partners as part of an internal investigation into the leak of confidential government tax plans by another former partner, the firm said on Monday. The eight partners, who have left or are in the process of leaving, include former CEO Tom Seymour, who resigned in…
By Andy Bruce LONDON (Reuters) – The pace of decline in Britain’s manufacturing sector steepened in June and optimism faded despite weakening price pressures, a survey showed on Monday. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 46.5 from 47.1 in May, its lowest reading this year and one of the weakest…
By Yoruk Bahceli (Reuters) – Bond investors could be in luck for the rest of 2023 if market indicators signalling central banks will take policy tightening too far and tip their economies into recession prove accurate. Headline inflation has eased but underlying pressures remain high, keeping central banks hawkish. Canada resumed tightening and Britain and…
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. The big question for the day is how will investors greet Tesla’s announcement on Sunday that it delivered a record 466,000 vehicles in the second quarter, topping market estimates of around 445,000. The outperformance may have been due to…
