The U.K. economy registered robust growth as estimated in the third quarter as strength in consumer spending offset the weakness in exports and business investment. Gross domestic product grew 0.7 percent sequentially in the third quarter, unrevised from the previous estimate published on October 24, second estimates from the Office for National Statistics showed Wednesday.
Tour operator Thomas Cook Group Plc Wednesday reported a narrower loss for fiscal 2014, as margins improved reflecting strong progress in delivering Wave 1 of its cost out and profit improvement programme. Revenues, however, declined from last year. The shares fell more than 22 percent in London.
A prolonged stagnation in the euro area could hurt global growth and stronger policy responses are needed to avoid such risks, the Organisation for Economic Co-operation and Development (OECD) said Tuesday. In its latest Economic Outlook, the Paris-based think tank said any prolonged stagnation in the euro area could drag down global growth.
Pubs and restaurants operator Mitchells & Butlers Plc reported Tuesday a decline in its fiscal 2014 profit due to higher charges. Revenues increased from last year on like-for-like sales growth. The company added that its like-for-like sales in the first eight weeks of fiscal 2015 grew 2.4 percent.
European home improvement retailer Kingfisher Plc Tuesday reported a decline in retail profit as well as sales for the third quarter, hurt by performance in France amid weaker sales and a lower gross margin percentage in a more price promotional environment. The company also issued a cautious outlook, with its main concern being France.
Jens Stoltenberg, Secretary General of the North Atlantic Treaty Organization or NATO requested the member countries to stop the cuts and to increase investment in defence as peaceful times has changed.
Speaking to the NATO Parliamentary Assembly in Hague at the 60th plenary session, he said defence...
Europe is again on a high alert against a possible outbreak of bird flu as health officials have detected avian flu virus in four instances in three countries.
Last week, health authorities have confirmed a case of bird flu in Yorkshire in UK. The Netherlands officials have detected H5N8 sub type...