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Citigroup to axe 20,000 jobs after posting £1.8bn Q4 loss
US bank Citigroup said it planned to cut 20,000 jobs as it announced a massive $1. 8bn quarterly loss, driven largely by charges ranging from currency exposure in Argentina and Russia to contributions towards the cost of regional bank failures last year.
Europe midday: UK GDP gives lift, but Burberry warning hits luxury stocks
European shares were higher as investors shrugged off higher-than-expected US inflation data and digested strong growth figures from the UK, while luxury stocks were hit by a profit warning at Burberry as demand for its products slumped.
Europe open: Shares up on UK GDP; Luxury stocks hit by Burberry warning
European shares jumped sharply at the open as investors shrugged off higher-than-expected US inflation data and digested strong growth figures from the UK.
US, UK launch airstrikes against Houthi rebels in Yemen
America and Britain have launched strikes against targets connected to Houthi militants in Yemen in retaliation for attacks on commercial shipping in the Red Sea, US President Joe Biden said early Friday.
China CPI improves slightly but still in deflation
Consumer prices in China improved slightly but were still deflationary for the third consecutive month in December, as the recovery in the world’s second biggest economy continued to struggle.
Vistry sees FY ahead of guidance on forward sales as loan rates ease
UK house builder Vistry on Friday said 2023 financial performance would be ahead of expectations, driven by strong forward sales.
Strong order book boosts Wood Group earnings
Oil industry services company Wood Group said full-year adjusted core earnings would be slightly ahead of expectations on the back of a strong order book.