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Europe close: Shares fall on China, EZ survey data, Middle East tensions
European shares closed lower on the first trading day of the year as downbeat manufacturing survey data from China and the eurozone, combined with worries over tensions in the Middle East, dampened investor sentiment.
Maersk suspends Red Sea sailings after weekend attack
Danish shipping giant Maersk said it was suspending all shipping through the Red Sea and Gulf of Aden until further notice after one of its vessels came under attack from Yemeni Houthi militants over the weekend.
Hapag-Lloyd to continue avoiding Suez canal until at least Jan 9
German shipping company Hapag-Lloyd on Tuesday said it would continue to divert its vessels away from the Suez Canal/Red Sea to avoid attacks by Yemeni Houthi militants.
Europe midday: Shares give up gains on weak EZ PMI data
European shares slipped into the red at midday after survey data indicated that the eurozone had likely slipped into recession in the third quarter of 2023.
Aldi, Lidl post record Christmas sales as shoppers seek value
Discount grocers Aldi and Lidl reported record Christmas sales as shoppers looked for value amid the cost-of-living crisis.
Europe open: Shares start on positive note; Eyes on EZ PMI data
European shares started 2024 in the green as optimism over potential rate cuts this year boosted optimism, while investors also looked ahead to eurozone manufacturing data.
Airtel Africa CEO to retire
Telecoms operator Airtel Africa said chief executive Olusegun Ogunsanya would be retiring and replaced by Sunil Taldar in the middle of the year.