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An advertising board is seen during the first demonstration of the technology 5G in Lisbon, Portugal June 4, 2018. The highest indicative bid came in at just above 6 billion euros and included a premium based on Altice Portugal's market dominance, one of the sources said. A spokesperson for Altice said the company's Portuguese assets "were not for sale and are not for sale". read more"Altice needs to sell assets to focus more on other markets, such as Britain," the source said. "The company has a package of assets which are constantly being reviewed ahead of a possible sale and the Portuguese unit was - and still is - part of it."
Persons: Rafael Marchante, Patrick Drahi, Altice, Lazard, Pamela Barbaglia, Sergio Goncalves, Mathieu Rosemain, Kirsten Donovan Organizations: REUTERS, Reuters, Capital Partners, Telefonica, BT, Thomson Locations: Lisbon, Portugal, Europe, France, Britain, Portuguese, London, Paris
The United States said it had offered a “diplomatic path forward” in the standoff with Russia over Ukraine. In a series of bold security demands last month, the Kremlin asked that NATO deny membership to Ukraine and other ex-Soviet countries and roll back its military deployments in Central and Eastern Europe. Ambassador to Russia John Sullivan hand-delivered a response to the Russian security demands in Moscow on Wednesday. Alexander Zemlianichenko / APNATO also conveyed its written proposals to Russia, NATO Secretary General Jens Stoltenberg said late Wednesday. Meanwhile, Russia continued to enlarge its military presence near its borders with Ukraine, intelligence and defense officials told NBC News.
Persons: Vladimir Putin, Antony Blinken, Biden, won’t, Russia John Sullivan, Alexander Zemlianichenko, Jens Stoltenberg, Stoltenberg, Dmitry Peskov, Alexander Grushko, Russia’s, Dmitry Medvedev, Medvedev, Putin, Ria, , Organizations: Kremlin, NATO, Washington, U.S, NBC News, Intelligence Locations: States, Russia, Ukraine, Moscow's, Europe, Central, Eastern Europe, Moscow, U.S, , Belarus, Minsk
St Paul's Cathedral and areas of the financial district of the City of London are seen at dusk October 9, 2008. The study, which added Paris this year, looked at five areas like digital skills, regulation and talent. While London remains top overall from last year, New York is only slightly behind and closing the gap, followed by Singapore, Frankfurt, Paris, Hong Kong and Tokyo. "UK policymakers need to guarantee that its businesses continue to enjoy unrivalled access to the best of global talent," the study said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Huw Jones; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville LONDON, Huw Jones, Bernadette Baum Organizations: of, REUTERS, New, European Union, City of London Corporation, New York, London, Tokyo ., Reuters.com Register, London Graphic, EU, Bank of England, Thomson Locations: Paul's Cathedral, of London, London, New York, Singapore, Paris, City, Frankfurt, Hong Kong, Tokyo, London Graphic New York, Britain, IPOs
Scotland is a country famous for its history, beautiful landscape, golf, whisky — and of course, its food. Among the nation's culinary delights, its beef has global recognition. Unfortunately for the Scottish meat industry, global beef and veal consumption is trending downward, even as demand for meat grows in developing economies. In fact, when it comes to food, beef is one of the biggest offenders. Could carbon-intensive Aberdeen Angus one day be off the menu, and if so, what's going to be on our plates instead?
Organizations: Aberdeen Angus Locations: London, California, Scottish
BECOMING ENDEMICConservative lawmaker Andrew Bridgen told Reuters that further COVID-19 restrictions were "unlikely, unnecessary and politically impossible". Johnson himself told lawmakers last week: "As COVID becomes endemic, we will need to replace legal requirements with advice and guidance." Graham Medley, chair of the government's COVID modelling group, told Reuters that when Plan B was introduced, the severity of Omicron and the impact of boosters had been unclear. It's not just about living with COVID," said Matthew Ashton, Director of Public Health at Liverpool City Council. I definitely feel like we're on the journey towards living safely with COVID - but I don't think we're there yet."
Persons: Johnson, UKHSA's, Boris Johnson, COVID lockdowns, Andrew Bridgen, Graham Medley, Medley, Harkishan Mistry, We've, Mistry, Sajid Javid, It's, Matthew Ashton, Nick Thomas, Alistair Smout, Elizabeth Piper, Clara, Laeila, Kevin Liffey Organizations: Omicron, Health Security Agency, Reuters, Conservative, Aris Katzourakis, Oxford University, National Health Service, Public Health, Liverpool City Council, Thomson Locations: England, Bradford, Europe, Witney, London, Madrid
A 555.55 carat black diamond named The Enigma is pictured before being auctioned at Sotheby's in Beverly Hills, California, U.S., January 26, 2022. REUTERS/Mario AnzuoniBEVERLY HILLS, Calif., Jan 26 (Reuters) - A black diamond weighing a staggering 555.55 carats is going up for auction at Sotheby's and living up to its name "The Enigma." Sotheby's said it is the largest faceted Fancy Black Diamond known to ever appear at auction and was listed as the largest cut diamond in the world in the 2006 Guinness Book of World Records. Register now for FREE unlimited access to Reuters.com RegisterAlso known as a carbonado diamond, it is possible the black diamond came from outer space. The diamond, which was exhibited in Dubai last week, was shown in Beverly Hills this week before heading back to London for the auction.
Persons: Mario, Jan, Sotheby's, Aaron Celestian, Celestian, Rollo Ross, Karishma Singh, Sandra Maler Organizations: REUTERS, World Records, Central African, of Los, Reuters, Thomson Locations: Beverly Hills , California, U.S, HILLS, Calif, Sotheby's, Brazil, Central African Republic, of Los Angeles, Dubai, Beverly Hills, London
To qualify for the payments, farmers have to send their children to school, prune cocoa trees, plant shade trees and diversify their income with other crops or livestock. Children casually helping on family farms outside of school time do not fall under the International Labour Organization's definition of child labour. By 2025, it wants to be able to trace 100% of its cocoa back to specific farms under its in-house sustainability scheme, the Nestle Cocoa Plan. "We're very confident this will be a game changer on the road to reducing the risk of child labour," said Batato. The incentive will then be levelled at 250 francs after two years and progressively extended to all of Nestle's 160,000 cocoa farmers by 2030.
Persons: Luc Gnago, Nestle, Magdi Batato, Batato, Alexander von Maillot, Von Maillot, Silke Koltrowitz, Alexandra Hudson Organizations: REUTERS, Nestle, Reuters, University of Chicago, Sustainable Trade Initiative, International Labour, Nestle Cocoa Plan, Alexandra Hudson Our, Thomson Locations: Djigbadji, Soubre, Ivory Coast, Ghana, Ivory Coast ZURICH, LONDON, West Africa
A sign of AO is pictured outside the distribution centre in Crewe, Cheshire, Britain November 24, 2020. REUTERS/Carl RecineJan 27 (Reuters) - British electricals retailer AO World (AO.L) said on Thursday it has launched a review of its German business due to increased competition and rising costs, while online activity returns to pre-pandemic levels. read more (https://refini.tv/3IBnchI)The company's German business is being significantly impacted by a number of recent material changes to the local trading environment, AO World said, adding that competition in the online market has intensified and online penetration has returned to pre-pandemic levels. AO World said its digital marketing costs for the country have substantially increased compared to pre-pandemic levels and supply remains constrained. The London-listed firm said the review of its German business will include a range of options, without providing additional details.
Persons: Carl Recine Jan, Chris Peters, Sherry Jacob, Phillips, Shounak Organizations: REUTERS, Thomson Locations: Crewe , Cheshire, Britain, British, London, Bengaluru
easyJet sees short-term Omicron hit before summer recovery
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Jan 27 (Reuters) - British airline easyJet (EZJ.L) said the Omicron variant of COVID-19 was impacting its performance this quarter, but it expected to see strong demand this summer when its capacity will be near pre-pandemic levels. The company said on Thursday it flew 64% of pre-pandemic capacity in its first quarter to end-December, but its 77% load factor missed its forecast of over 80% after Omicron dented customer demand in December. The airline said it had about 67% of pre-pandemic capacity on sale for the current quarter, with the level ramping up from around 50% in January. In November, before the impact of Omicron was clear, easyJet had forecast its capacity this quarter would be around 70% of pre-pandemic levels. ($1 = 0.7450 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Paul Sandle; editing by Guy FaulconbridgeOur Standards: The Thomson Reuters Trust Principles.
Persons: Johan Lundgren, easyJet, Paul Sandle, Guy Faulconbridge Organizations: LONDON, Thomson Locations: Britain
Dealers work on the IG Group trading floor in London, Britain June 30, 2015. REUTERS/Neil HallJan 27 (Reuters) - Online trading platform IG Group (IGG.L) on Thursday reported a slower growth in half-yearly profit and said it added fewer new active clients than in the previous year, as market volatility spurred in part by the COVID-19 pandemic eased. The London-listed firm posted a single-digit rise in pre-tax profit to 245.2 million pounds ($329.23 million) for the six months ended November 2021, compared with 227.8 million pounds a year earlier. ($1 = 0.7448 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sinchita Mitra in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
Persons: Neil Hall Jan, Sinchita Mitra, Subhranshu Sahu Organizations: IG Group, REUTERS, Thomson Locations: London, Britain, Bengaluru
European lenders lost ground to Wall Street rivals during the pandemic because volatile markets boosted the earning power of U.S. banks' outsized trading arms. European rivals earn proportionately more from lending and benefit from a higher interest rate environment. As the continent's biggest lenders prepare to report full-year earnings for 2021, kicking off with Deutsche Bank(DBKGn.DE) on Thursday, European banks must seize the opportunity that now presents itself, analysts consultants and investors say. In investment banking, U.S. banks have beaten European rivals on their own turf by almost any metric in recent years, and the gap has been widening. European lenders have also largely avoided amassing mountains of bad loans as corporate borrowers weathered the COVID-19 pandemic.
Persons: Kai Pfaffenbach, Eriola Shehu Beetz, Goldman Sachs, Morgan Stanley, they've, Shehu Beetz, Steven van Rijswijk, moratoria, Jerome Legras, Oliver Judd, That's what's, Italy's, Spain's, Lawrence White, Iain Withers, John O'Donnell, Elaine Hardcastle Organizations: REUTERS, Wall Street, Deutsche Bank, Boston Consulting, JPMorgan, Citigroup, Bank of America, ING, Lloyds Banking Group, NatWest, European Central Bank, Investments, Aviva, Credit Suisse, UBS, Germany's Deutsche Bank, Spain's Santander, BNP, Standard Chartered, HSBC, Barclays, Lloyds, Thomson Locations: Frankfurt, Germany, United States, U.S, Europe, Middle East, Africa, Britain, London
A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne PlunkettSummary Banks top gaining sub-indexDr. Martens drops to record lowMitie Group top mid-cap gainer on strong profit outlookFTSE 100 up 0.2%, FTSE 250 off 0.6%Jan 27 (Reuters) - London's FTSE 100 rose on Thursday, as a weaker pound and strong gains in banking stocks outweighed worries over interest rate hikes, while boot maker Dr. Martens dropped to a record low and pulled down British mid-caps. The blue-chip FTSE 100 index (.FTSE) was up 0.2%. Banks HSBC Holdings (HSBA.L), Standard Chartered (STAN.L), Barclays (BARC.L) and Natwest Group (NWG.L) tracked bond yields higher and were the top gainers on the index. The domestically focussed mid-cap index (.FTMC) fell 0.6%, with boot maker Dr. Martens (DOCS.L) falling the most as its revenue growth slowed in the third quarter, knocking its share price to record lows.
Persons: Suzanne Plunkett, Banks, Martens, Johnnie Walker, Craig Erlam, Erlam, Shashank, Shailesh Kuber, Subhranshu Organizations: London Stock Exchange, REUTERS, Group, Banks HSBC Holdings, Standard Chartered, Barclays, Natwest Group, Fed, Bank of, BOEWATCH, Tobacco, Imperial Brands, Diageo, Mitie, Thomson Locations: London, Britain, Bank of England, Bengaluru
LONDON, Jan 27 (Reuters) - British consumers' spending on credit and debit cards increased slightly last week as more people went out shopping or to restaurants, according to weekly data that add to signs of a waning economic impact from the Omicron wave of COVID cases. Britain's economy regained its pre-pandemic size for the first time in November, but economists estimate that output slipped back in December and early January, when a wave of COVID cases hit the hospitality sector especially hard. Register now for FREE unlimited access to Reuters.com RegisterFor the past couple of weeks, figures collated by the Office for National Statistics have shown a pick-up in early measures of consumer spending and other economic activity. Nearly 60% of hotels and restaurants said sales were below normal, and more than 80% of 'other service activities' which includes businesses such as hairdressers and beauticians. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Milliken, editing by Andy BruceOur Standards: The Thomson Reuters Trust Principles.
Persons: David Milliken, Andy Bruce Organizations: LONDON, Office, National Statistics, Bank of England's, Thomson Locations: England
Diageo enjoys cocktail of rising sales and profit
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Jan 27 (Reuters Breakingviews) - Spirits company Diageo (DGE.L) is flying high. The Jack Daniel’s maker reported net sales of 8 billion pounds with organic growth of 20% in the six months to December compared to 2020. Despite rising input costs globally, the 85 billion pound group increased its operating margin 131 basis points organically to 34.5% by hiking prices up more than the cost of producing its drinks rose. That’s partly due to costs for products like whiskey, which can take over a decade to make, being smoothed out over years. Additionally, it’s because of what Diageo calls “drinking better”, or whacking up prices for posher drinks.
Persons: Jack Daniel’s, Don Julio, Ivan Menezes ’, Larry Culp, Neil Unmack, Karen Kwok Organizations: LONDON, Reuters, Spirits, Diageo, Twitter, Reuters.com, Bloomsbury, Ericsson Locations: China
3 Little Words to Send a Lamborghini on Its Way
  + stars: | 2022-01-27 | by ( Robert C. Yeager | ) www.nytimes.com   time to read: +1 min
But where is a Lamborghini Huracán driver headed? Wherever that may be, a new navigation system starting in 2022 models will help get the car there — and hopefully with greater certainty. A console-mounted app called What3words is coming to these Lamborghinis, and it will be the first of its kind to incorporate Amazon’s voice-activated Alexa feature. “The Huracán app is significant,” said Chris Sheldrick, chief executive of What3words, which is based in London. “So many drivers struggle with inputting the address and wind up at the wrong location.”
Persons: , Chris Sheldrick Locations: London
More than 100,000 Russian troops are on the border with Ukraine, raising fears of an invasion. A senior MP said the UK could not 'ignore' hostilities because of its role in money laundering. Tom Tugendhat, chair of the Foreign Affairs Committee, told BBC Radio 4's Today programme the UK had a responsibility to act because of London's role in global money laundering. Brian Lawless/PA Images via Getty ImagesTugendhat's committee of British parliamentarians has long warned that Putin has been emboldened by the inaction of the UK to extensive tackle money laundering in London. He told the Guardian: "We have again to address the issue of the dirty money in the UK.
Persons: Vladimir Putin, Ben Wallace, Tom Tugendhat, Brian Lawless, Putin, Putin's, Tugendhat, Biden Organizations: Service, Conservative, Russia, BBC, Foreign Affairs, BBC Radio, Tonbridge, Foreign, Guardian, American Center for Progress, London Locations: Ukraine, London, Europe, Ukrainian, Berlin, Moscow, Sarajevo, Bosnia, Russia, Edenbridge, Malling, Kremlin, City of London
Beauty brand Glossier just laid off more than 80 corporate employees. CEO Emily Weiss said in an internal email that Glossier "got ahead of ourselves on hiring." Glossier, which launched in 2014 off the back of Weiss' beauty blog, Into the Gloss, became known as social media's favorite beauty brand. Weiss was credited for turning traditional beauty retail on its head by cracking the code for selling makeup directly to consumers through social-media channels. However, the brand has come under increased pressure as new players entered the market and the beauty sector becomes more crowded.
Persons: Emily Weiss, Glossier, Weiss Organizations: Service, Modern Retail, of Fashion Locations: New York, Los Angeles, LA, Seattle, London
Deutsche CEO’s cost-cut ordeal is far from over
  + stars: | 2022-01-27 | by ( Liam Proud | ) www.reuters.com   time to read: +3 min
LONDON, Jan 27 (Reuters Breakingviews) - Deutsche Bank (DBKGn.DE) Chief Executive Christian Sewing has spent the last few years slashing expenses at the 24-billion-euro lender. The German lender’s full-year results on Thursday showed that annual costs have fallen to 19.6 billion euros, excluding legal charges and restructuring expenses, compared with 21.6 billion euros in 2019. Deutsche generated 9.6 billion euros from debt trading, underwriting and advising on deals last year, compared with 7 billion euros in 2019. Sewing’s targeted 75% cost-to-income ratio for the private bank compared with 62% on average for the retail-banking units of European peers. - Deutsche Bank shares were up 4.1% to 11.89 euros at 0920 GMT.
Persons: Sewing, pales, Karen Kwok Organizations: LONDON, Reuters, Deutsche Bank, Deutsche, BNP, , Jan
Register now for FREE unlimited access to Reuters.com RegisterThe longest-reigning monarch in British history, Elizabeth marks her Platinum Jubilee next month, with four days of celebrations planned from June 2-5. At London's Royal Hospital, a retirement and nursing home for some 300 British army veterans, several of its inhabitants, known as the Chelsea Pensioners, fondly recall the coronation, or being in the queen's presence. Judge, who served 25 years in the British army eventually met Elizabeth while on duty in China in 1986, helping to organise her visit. "All the neighbours came in and it was tea and cakes all around and everybody was grouping around this little nine inch television," Pearson said. In September 2015, she broke her great-great-grandmother Queen Victoria's record as the longest-reigning monarch in British history, saying the historical moment was "not one to which I have ever aspired".
Persons: Ray Pearson, Queen Elizabeth, Paul Childs, Tony Judge, Elizabeth, George VI, Pearson, Queen Victoria's, isn't, Hanna Rantala, Marie, Louise Gumuchian, Emelia Sithole Organizations: Chelsea, Royal Hospital Chelsea, REUTERS, Paul Childs LONDON, Army, Royal Hospital, Chelsea Pensioners, Thomson Locations: London, Britain, China
WeTransfer had planned to raise 125 million euros ($140 million) in its debut. At the upper range, WeTransfer would have scored a valuation of 716 million euros — over $800 million in dollar terms. While not the biggest tech IPO in Europe lately, WeTransfer's public offering would have been among the first major debuts in the region in 2022. It could be a sign of things to come for Europe's tech sector, which attracted a record $121 billion in venture capital funding last year, according to data from Atomico. Europe's tech sector sank about 1.6% in Thursday's trading session as investors reacted to the news.
Persons: Gordon Willoughby, WeTransfer, That's Organizations: Euronext, Investors, Federal Reserve, Bank of England, Nasdaq Locations: Euronext Amsterdam, Amsterdam, Europe, London
Swiss gold exports to China and India hit multi-year highs
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Jan 27 (Reuters) - Swiss gold exports rose last year to their highest since 2018 as demand for bullion in China and India, the biggest consumer markets, recovered from a collapse early in the COVID-19 pandemic, Swiss customs data showed. Shipments to India and China rebounded in 2021, while exports to the United States and Britain fell. Exports to India surged to 507 tonnes, up from 148 tonnes in 2020 and the most since 2015. Shipments to mainland China reached to 275 tonnes, up from 30.5 tonnes in 2020 and the highest since 2018. Swiss shipments of gold to the United States fell to 113 tonnes in 2021 from 508 tonnes in 2020.
Persons: Peter Hobson, David Goodman Organizations: LONDON, Thomson Locations: China, India, Switzerland, Asia, United States, Britain, Hong Kong, SWISS, Swiss
British Prime Minister Boris Johnson waves as he leaves Downing Street, in London, Britain, January 19, 2022. REUTERS/John SibleyLONDON, Jan 27 (Reuters) - British Prime Minister Boris Johnson has not been interviewed by the police about their investigation into alleged parties in his Downing Street residence during coronavirus lockdowns, his spokesman said on Thursday. Asked if Johnson had been interviewed, the spokesman said: "No." Johnson's office has not yet received civil servant Sue Gray's report into the possible lockdown breaches, he added. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elizabeth Piper, Writing by Kylie MacLellan; editin by William JamesOur Standards: The Thomson Reuters Trust Principles.
Persons: Boris Johnson, Downing, John Sibley, coronavirus lockdowns, Johnson, Sue Gray's, Elizabeth Piper, Kylie MacLellan, William James Our Organizations: British, REUTERS, John Sibley LONDON, Thomson Locations: London, Britain
Experts say it's important to grieve career regret, but in reality, there are chances for do-overs. Career regret is linked to anxiety as well as employee dissatisfaction, disengagement, and turnover. 'You need to forgive yourself'The difference between career regret and run-of-the-mill career disappointment is that the root of regret stems from a decision you made, as opposed to one that was made for you. A career disappointment is the job you didn't get; a career regret is the job you walked away from and can't get off your mind. 'In reality, there are plenty of do-overs'It's important to grieve career regret, experts say.
Persons: it's, Scott Wain, Wain, playbook, Ricardo Rodrigues, " Rodrigues, didn't, Alan Lemire, Lemire, Morgan, I've, Scott, could've, he's, Anne Genduso, Ron Carucci, Carucci, Gina Farran, Farran, Goldman Sachs, Goldman Organizations: Research, Honda, CNBC, King's College, London, Bicycles, de France Locations: London , Ontario, Canadian, Morgan Hill , California, Washington, DC, Lebanon, London
Parent firm BMW also says that the electrified Minis can drive in places like Oxford Street or Piccadilly Circus in London without the driver having to pay the environmental tax charged on combustion engine vehicles. Bernhard Filser/BMW Group
Persons: Bernhard Filser Organizations: BMW, Piccadilly Locations: London
The investors who aren't panicking
  + stars: | 2022-01-27 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com   time to read: +7 min
London (CNN Business) The stock market has been jolted by indications the Federal Reserve will move to aggressively raise interest rates to rein in inflation. What's happening: The Fed announced Wednesday that it would begin lifting rates "soon" to combat the sharp rise in prices. Even if the Fed pursues four interest rate hikes throughout the course of 2022, borrowing costs would still remain very low by historical standards, he continued. And even when the Fed does begin to reduce its holdings, the size of its balance sheet will remain "enormous," propping up investor confidence, according to Cairns. SWIFT unplugged Iranian banks in 2012 after they were sanctioned by the European Union over the country's nuclear program.
Persons: Jerome Powell, It's, Matthew Cairns, We've, Cairns, Antoine Bouvet, hasn't, Powell, We're, Ronald Reagan, Joe Biden's, Vladimir Putin, Charles Riley, SWIFT, Maria Shagina, Robinhood andfollow Organizations: CNN Business, Bell, CNN, Reserve, Fed, Bloomberg, Rabobank, ING, Economic, Monetary Fund, IMF, Federal Reserve, Senior, The, Worldwide Interbank, Telecommunication, Finnish Institute of International Affairs, Carnegie Moscow Center, European Union, Dow DOW JetBlue, Mastercard, Apple Locations: London, SPDR, Cairns, Russia, Ukraine, SWIFT, Europe, Iran
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