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...Annual revenues were stable at €20.2bn while adjusted operating earnings before interest, taxes, depreciation and amortisation fell slightly to €3.1bn....
...But in the first quarter of this year, Turkey’s exports to Russia fell by a third year on year to $2.1bn....
...Ruth Gregory, deputy chief UK economist at Capital Economics, said the wet weather was probably a bigger driver of the fall in retail sales than the cost of living crisis....
...On an annual basis, however, it fell from 4.7 per cent to 4.3 per cent. “The most important message is that core inflation is still coming down,” said Gregory Daco, chief economist at EY....
...Shares in the FTSE 100 group fell almost 3 per cent in early trading on Monday before paring those losses....
...No mention of the B-word, then....
...Growth in the first quarter was driven by a 0.7 per cent increase in services output, suggesting stronger consumer activity as inflation fell....
...Borrowing fell from last year on the back of more revenues from taxes, which were up 10 per cent. Gregory said the figures provided “evidence that tax receipts remained buoyant”....
...Spending on recreation and culture also fell, including an 18 per cent decline for sports equipment and a 5 per cent drop for games and hobbies....
...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
...Kingfisher, the UK-based home improvement retailer with brands including B&Q, Screwfix and Brico Dépôt, warned that pre-tax profits would be lower than expected this year after like-for-like sales fell 2.2...
...Brent, the global benchmark, was down 0.3 per cent while WTI, the US equivalent, fell 0.8 per cent....
...Shares of defence company Northrop Grumman fell 6.3 per cent after it swung to a surprise loss in the fourth quarter due to a $1.17bn charge related to higher costs for its B-21 strategic bomber that is...
...Crude oil accounts for almost all Angola’s export earnings, but production fell from 1.5mn barrels a day in 2018 to just over 1.1mn b/d last year, straining the country’s finances....
...UK inflation slowed less than expected last month, making traders and economists more cautious about the likely pace of interest rate cuts even though the rate of price increases fell below the US for the...
...US benchmark West Texas Intermediate fell 2.5 per cent to $76 a barrel....
...Brent crude, the international benchmark, fell 3 per cent to $87.37 a barrel on Wednesday....
...Public sector borrowing fell to £7.8bn last month, about half the sum from a year earlier and the lowest figure for a December since 2019, according to data published by the Office for National Statistics...
...Bonds fell very, very rapidly in price. And all of a sudden, all of those bonds that SVB bought at the top of the market were worth a whole lot less....
...Production fell sharply during the Covid-19 pandemic as demand collapsed and workers were laid off....
...David Solomon, Goldman chief executive, described the operating conditions in 2023 as “not a B+ or an A environment” but expressed optimism for this year....
...Shares in German beauty retailer Douglas fell as much as 9 per cent in their Frankfurt debut last month....
...However, sales in France fell by 6 per cent in constant currency terms, with the market weakening as the year progressed. Retail profits fell by 30 per cent in France and by 47 per cent in Poland....
...Chevron’s fell from $6.4bn to $2.3bn....
...Demand in 2023 was 102mn b/d. IEA data shows the shift to EVs displaced $10bn in revenues from petrol and diesel taxes globally last year, net of modest gains from new electricity tax revenue....
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