(Reuters) -British chemicals maker Johnson Matthey Plc forecast 2022-23 operating profit at the lower half of market estimates on Thursday, as supply disruptions due to China’s lockdowns and component sourcing from Ukraine hurt its auto customers. The …
UK home improvement retailer Wickes says trade demand ‘buoyant’
LONDON (Reuters) – British home improvement retailer Wickes said demand from trade customers remained “buoyant” as it reported year-to-date sales significantly up on pre-pandemic levels. Wickes, which demerged from Travis Perkins last April, said on a …
UK imposes 25% energy windfall tax to help households as bills surge
By William James and Andy Bruce LONDON (Reuters) – Britain announced a 25% windfall tax on oil and gas producers’ profits on Thursday, alongside a 15 billion pound ($18.9 billion) package of support for households struggling to meet soaring energy bill…
UK regulator suggests simpler listing rule for London
By Huw Jones LONDON (Reuters) -Britain’s twin-track company listing regime could be simplified into a single entry point to the London Stock Exchange to attract more startups, the Financial Conduct Authority (FCA) said on Thursday. Britain wants to bol…
Australia’s new PM shifts focus to domestic woes after Quad trip
SYDNEY (Reuters) – New prime minister Anthony Albanese said on Thursday Australia faces significant economic headwinds, turning his attention to domestic affairs after a first few days in office dominated by international security. “I want an economy t…
Explainer – Can U.S. gunmakers be liable for mass shooting
By Tom Hals (Reuters) – An 18-year-old gunman stormed a Texas elementary school on Tuesday and killed 19 children and two teachers, reigniting a debate in the United States over gun control and the potential legal liability for manufacturers of firearm…
Texas massacre shocks, but gunfire at U.S. schools at record high
By Tim Reid LOS ANGELES (Reuters) – On Tuesday three students were shot and wounded outside an elementary school in Washington D.C. A day earlier, three teenagers were shot as they left their high school in Philadelphia. Last week, there were three sho…
UK’s Boris Johnson salutes ‘rock’ Queen Elizabeth ahead of Platinum Jubilee
LONDON (Reuters) – British Prime Minister Boris Johnson will pay tribute to Queen Elizabeth on Thursday ahead of four days of celebrations next week to honour her 70 years on the throne, describing her as the nation’s rock. Elizabeth, 96, marked seven …
Commodities in ‘perfect storm’ says ERG, as crisis starts super cycle
By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Years of under-investment in mining of metals essential to energy transition, supply shocks and high energy prices will continue to drive commodity prices higher, Eurasian Resources Gro…
Global shares rise after Fed meeting notes hint at future rate hikes
By Elizabeth Dilts Marshall NEW YORK (Reuters) – Global shares rose on Wednesday after notes from the U.S. Federal Reserve’s early May meeting showed a strong likelihood that the world’s most powerful central bank will approve two more half-percentage-…