British shoppers splurge over christmas as brexit chatter wanes

After British politicians took a break from Brexit negotiations over the Christmas period, some shoppers probably took their own break from worrying about the talks and spent more freely, according to Jefferies analyst James Grzinic. “As the political debate subsided, consumers appeared confident enough to spend more generously,” Grzinic wrote in a note that called […]

European Bank acquires 8.7% stake in Lithuania’s Auga Group

EBRD, European Bank

The European Bank of Reconstruction and Development (EBRD) has acquired 8.7 percent stake in AB Auga Group, one of Europe’s largest organic agricultural producers. EBRD acquired the stake by investing the sum of €9 million as part of a successful public equity offering, where Auga Group sold shares for a total amount of €36 million. […]

Turkey’s policy response insufficient to stabilize Lira, says Fitch


Turkey’s ‘incomplete policy response’ to the recent tumble in the lira was unlikely on its own to stabilise the currency and economy for a meaningful amount of time, Fitch Ratings said in a statement Friday The rating agency said the policy response was insufficient, and that Turkey’s policymakers need to boost the credibility of their […]