UK’s Hargreaves Lansdown CEO Hill to step down
By Sinchita Mitra (Reuters) -Hargreaves Lansdown said on Monday its Chief Executive Officer Chris Hill would step down after more than..
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How Britain’s pension scheme hedge became a trillion pound gamble
By Tommy Wilkes and Carolyn Cohn LONDON (Reuters) -It started out simply enough: British pension schemes were looking for a way to mat..
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Credit Agricole and CACEIS to buy RBC Investor Services’ Europe unit
PARIS (Reuters) – CACEIS, the asset servicing business owned by French bank Credit Agricole and Spanish bank Santander, has stru..
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Broadcom banking on early EU approval of $61 billion VMware deal
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom will seek early European Union antitrust approval of its proposed $..
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Analysis-G7 fails to reach intervention deal to ease pain of soaring dollar
By Leika Kihara WASHINGTON (Reuters) – Japan and other countries facing the fallout from a soaring U.S. dollar found little comf..
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Euro zone bond yields fall as ECB policymaker flags recession risk, gilts eyed
By Stefano Rebaudo (Reuters) -Euro zone bond yields fell on Friday after a European Central Bank (ECB) policymaker flagged recession r..
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Royal Mail warns of thousands of job cuts as it slides into red
By Yadarisa Shabong (Reuters) -Royal Mail could cut up to 10,000 jobs and the loss-making business warned of more layoffs if planned s..
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Analysis-ECB ‘QT’ may be next challenge for tumultuous markets
By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – The European Central Bank is considering entering the maelstrom of vola..
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Euro zone posts record trade deficit in August amid soaring energy prices
BRUSSELS (Reuters) – The euro zone posted in August its largest trade deficit since it expanded to 19 countries in 2015, as high..
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Spain September final 12-month inflation revised down to 8.9%
MADRID (Reuters) – Spanish consumer prices rose 8.9% year-on-year in September, down from 10.5% in the period through August and..
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TomTom shares fall as 2023 uncertainties outweigh Q3 beat
By Federica Mileo and Augustin Turpin (Reuters) – Dutch navigation and digital mapping company TomTom on Friday cut its cash flo..
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German car industry baulks at supplier demands over energy hikes
By Victoria Waldersee WOLFSBURG, Germany (Reuters) – Germany’s giant carmakers may have secured their own energy supplies ..
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Athletics-Ujah will be considered for selection after doping ban – UK Athletics director
(Reuters) – UK Athletics technical director Stephen Maguire said Chijindu Ujah will be considered for selection after his 22-mon..
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Swiss National Bank makes another large draw on Fed swap line
(Reuters) – The Swiss National Bank this week drew nearly $6.3 billion from the U.S. Federal Reserve’s currency swap line ..
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By Paresh Dave OAKLAND, Calif. (Reuters) – Used by two-thirds of the world’s 100 biggest banks to aid lending decisions, c..
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Netflix ad-supported plan to launch in November at $7 a month
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Netflix Inc said on Thursday it will introduce a streaming plan with adve..
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EU, U.S. eye level playing field for EU electric cars in U.S. market
WASHINGTON (Reuters) -European Union and U.S. officials expect to reach agreement that would grant EU companies, including electric ca..
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Italy’s Giorgetti gets Meloni’s backing to be economy minister
By Angelo Amante and Gavin Jones ROME (Reuters) -Giancarlo Giorgetti, a former industry minister and the deputy leader of the right-wi..
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Rosneft sues Berlin over takeover of its German unit
BERLIN (Reuters) – Russian state energy giant Rosneft has filed a complaint with a top court in Germany against the government f..
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Is moving homes a good idea during high inflation?
The UK is amidst 40-year-high inflation, and we can’t pretend it’s not affecting every single market. However,..
Business
European airlines see travel withstanding consumer squeeze for now
By Sarah Young and Klaus Lauer LONDON (Reuters) – British Airways-owner IAG, Europe’s biggest airline Ryanair and rival ea..
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Hot U.S. inflation data reignites global selloff
By Marc Jones LONDON (Reuters) – MSCI’s global stock index lurched to a July 2020 low and dollar and bond market borrowing..
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IKEA reports record sales as price hikes offset weakening consumer confidence
By Anna Ringstrom STOCKHOLM (Reuters) -Budget furniture giant IKEA reported record high annual sales on Thursday as price hikes and ea..
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Britain’s Ofgem to urge public to reduce energy usage – FT
(Reuters) – Britain’s energy regulator Ofgem will on Thursday urge consumers to reduce their energy usage “where pos..
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Holocaust survivor to oversee start of rightist Italian parliament
By Crispian Balmer ROME (Reuters) – Italy’s new parliament opens on Thursday, with a Holocaust survivor due to preside ove..
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Sentiment in UK finance falls at fastest pace since 2019, survey
LONDON (Reuters) – Britain needs to restore stability to its finances to help reverse the fastest drop in financial sector senti..
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Russian regulator says mobile operator MTS breached anti-monopoly laws
MOSCOW (Reuters) -Russia’s competition watchdog on Wednesday said leading telecoms company MTS violated anti-monopoly legislatio..
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Britain’s bond market turmoil
LONDON (Reuters) – British government borrowing costs hit a 20-year high on Wednesday after Bank of England Governor Andrew Bail..
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Analysis – Turbulent UK bond market may force BoE’s hand again
By Dhara Ranasinghe and Harry Robertson LONDON (Reuters) – Bank of England Governor Andrew Bailey has been unequivocal: the cent..
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EU seeks to break impasse over gas price caps, ‘no regret’ plan floated
By Kate Abnett and Robert Muller PRAGUE/BRUSSELS (Reuters) – The question of how, when and whether to cap gas prices loomed over..
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Austria plans to bring budget deficit within 3% of GDP next year
VIENNA (Reuters) – Austria plans to bring its budget deficit within the European Union’s limit of 3% of gross domestic pro..
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UK economy on brink of recession as it shrinks in August
By William Schomberg and Andy Bruce LONDON (Reuters) – Britain’s economy looks set to go into recession as data showed it ..
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Swedish energy minister: need to decouple gas from electricity price
PRAGUE (Reuters) – The European Union needs to find a way to decouple gas and electricity prices, Swedish energy minister Khasha..
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Mercedes-Benz and Microsoft collaborate on supply chain data platform
BERLIN (Reuters) – Mercedes-Benz and Microsoft announced a partnership on Wednesday using Microsoft Cloud for a data platform in..
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Russian missiles hit 30% of Ukraine’s energy infrastructure in two days – minister
(Reuters) – Russia hit about 30% of Ukraine’s energy infrastructure in its missile attacks on Monday and Tuesday, Ukraine&..
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EFG International says profitability improved in first nine months
ZURICH (Reuters) -EFG International said it had seen a “significant increase” in underlying net profit for the first nine ..
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Twitter reviews policies around permanent user bans – FT
(Reuters) -Twitter Inc is reviewing its policies around permanently banning users, possibly bringing its content moderation in line wi..
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