UBS trimming headcount in Paris by 15 jobs - source
PARIS Swiss bank UBS is cutting about 15 investment banking jobs as it scales back its share-trading business in Paris, a source familiar with the bank's plans said.
DUBLIN The receiver at HMVHMV.F, the music and video retailer, permanently shut the group's 16 loss-making Irish stores on Tuesday because of a lack of interest from possible buyers.
All 300 staff at the group's Irish operation will now be made redundant, having been temporarily laid off on January 16 when the company went into receivership in Ireland, the day after HMV sought protection from creditors in Britain.
Unlike administration, known as examinership in Ireland, receivership is not aimed at keeping the company operating as a going concern.
"The marketplace is very difficult given competition from web-based retailers and digital downloads, compounded by a number of other factors including high levels of rent," Deloitte, the Irish receiver, said in a statement.
"All stores were loss making and it was not possible to attract a purchaser," Deloitte said.
Some 66 HMV stores are set to close in the next two months as Deloitte tries to salvage some that have remained open in Britain.
(Reporting by Stephen Mangan; Editing by Greg Mahlich)
OSLO Exports of Norwegian gas to Britain will not be affected by Britain's vote to leave the European Union, Norway's oil and energy minister told Reuters.
BERLIN Germany's domestic economy is set fair for further growth, with robust household and government spending propelling a self-reinforcing cycle of activity, though Britain's Brexit vote has unnerved German companies trading abroad.