By Sachin Ravikumar LONDON (Reuters) -Thousands of BT call centre and engineering staff voted on Thursday to strike over demands for better pay at the telecoms group, the latest in wave of labour disputes across industries that threatens a summer of di…
Activist Cevian increases CRH stake to 4%
DUBLIN (Reuters) – Activist investor Cevian Capital said on Friday it had increased its stake in Ireland’s CRH to 4%, with its managing partner saying he saw pent-up demand for the company’s products overcoming near-term “cyclical uncertainty”. The sta…
European shares suffer worst quarter since pandemic hit of early 2020
By Devik Jain (Reuters) -European shares on Thursday marked their worst quarter since the pandemic-led selling of early 2020, as investors became increasingly wary of a global recession given hawkish central bank actions to try to tame inflation. All t…
Ukraine fetes Russian pullback from strategic Snake Island outpost
By Tom Balmforth and Max Hunder KYIV (Reuters) -Russia on Thursday withdrew from Snake Island, a craggy speck of land in the Black Sea, handing Ukraine a symbolically-potent political victory and depriving Moscow of a strategic outpost for its air defe…
Nuts and bolts of the LME’s cancelled nickel trades legal case
By Pratima Desai LONDON (Reuters) – Hedge fund Elliott Associates and Jane Street Global Trading are suing the London Metal Exchange for up to $500 million after the LME cancelled nickel trades on March 8 when prices soared to record highs above $100,0…
IKEA’s stocks back at 2019 levels in Europe as transport bottlenecks ease
By Anna Ringstrom STOCKHOLM (Reuters) – Warehouses for IKEA stores in Europe are as full as they were before the pandemic after an easing of transport bottlenecks in the region, the retail manager of Ingka Group, which owns most IKEA stores world-wide,…
EU, New Zealand conclude negotiations for trade deal – EU’s von der Leyen
BRUSSELS (Reuters) – The European Union and New Zealand have completed negotiations to create a free trade agreement that could boost trade between the two partners by 30%, European Commission President Ursula von der Leyen said on Thursday. Free trade…
Exclusive-EU countries, lawmakers set to agree on plan to curb state-backed foreign buyers
BRUSSELS (Reuters) – EU countries and EU lawmakers are likely to agree on the European Commission’s proposal to curb foreign subsidised companies’ takeover of EU businesses with at least 500 million euros ($520 million) in turnover, a person familiar w…
Danish PM dealt harsh criticism over illegal mink cull
By Nikolaj Skydsgaard COPENHAGEN(Reuters) – A Danish parliamentary probe on Thursday levelled harsh criticism against the government over its order to cull millions of mink in 2020 due to coronavirus concerns, potentially paving the way for an impeachm…
Shipping firm CMA CGM to cut price for French retailers in inflation fight
PARIS (Reuters) -Shipping firm CMA CGM will lower container shipping rates by about 10% for large retailers in France to support government steps to curb inflation, it said on Thursday. The group, one of the world’s largest container shipping lines, wa…