Burberry appoints McLaren’s Kate Ferry as CFO
LONDON (Reuters) – British luxury brand Burberry said on Wednesday it had appointed Kate Ferry as its next chief financial offic..
News
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Crown Agents Bank owner explores sale of British payments group –sources
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – Helios Investment Partners has been working with advisers to sell ..
News
Oil prices rebound after OPEC upgrades China demand outlook
By Yuka Obayashi and Florence Tan TOKYO (Reuters) – Oil prices rebounded more than 1% on Wednesday, recovering from the previous..
News
Asian shares gain as fears about rapid Fed hikes, bank crisis fade
By Ankur Banerjee SINGAPORE (Reuters) – Asian equities rose sharply on Wednesday, tracking a relief rally on Wall Street and as ..
News
KPMG stands by audits of Silicon Valley Bank and Signature Bank – FT
(Reuters) – KPMG’s U.S. boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank and Sign..
News
NatWest limits customers’ crypto transfers, citing scam concerns
By Elizabeth Howcroft LONDON (Reuters) – Britain’s NatWest has imposed new limits on the daily and monthly amount customer..
News
Five top tips to boost retirement planning – and one thing to be careful of
Make sure you are making the most of your employer contributions in your workplace pension. You can contribute the lesser of your ann..
Finance
London fears losing luxury shoppers to Paris and Milan
By James Davey and Sarah Young LONDON (Reuters) – London’s luxury retailers fear the city is losing its pull as a shopping..
News
Meta to cut 10,000 jobs in second round of layoffs
By Katie Paul and Nivedita Balu (Reuters) -Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making i..
News
Global equities gain, as rising bond yields pressure gold
By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) – Global shares stemmed a five-session rout on Tuesday as bank sha..
Finance
MFE offers to buy 1.05% stake in Mediaset Espana from Vivendi ahead of delisting
(Reuters) – MFE-Mediaforeurope said on Tuesday it agreed with Vivendi to buy a 1.05% stake in Mediaset Espana it did not own yet..
News
ING toughens oil and gas policy to include trade finance, midstream
By Virginia Furness LONDON (Reuters) – Dutch lender ING on Tuesday said it had again toughened its lending policy to the oil and..
News
Sainsbury’s pays $524 million for full ownership of store investment vehicles
LONDON (Reuters) -British supermarket Sainsbury’s said on Tuesday it would take full ownership of the Highbury and Dragon store ..
News
Fraport sees 2023 passenger traffic at 80-90% of pre-pandemic levels
(Reuters) – Frankfurt Airport operator Fraport on Tuesday said it expected passenger traffic to keep improving in 2023 but stay ..
News
A ‘recession like no other’: New research shows job seeker confidence higher than during the Financial Crash
Despite forecasts that the UK will enter a recession this year, employees and jobseekers remain surprisingly optimistic about their j..
Finance
Substantive Research survey uncovers vast pricing inconsistencies as FCA study into market data intensifies
For index data, some institutions are paying over 26 times (2632%) more than peers* For ratings data, some institutions are pa..
Opinion
Tennis-Panic attack ends Tsurenko’s Indian wells, as Raducanu marches on
(Reuters) -Emma Raducanu scored her biggest win since a run to the U.S. Open title beating Beatriz Haddad Maia 6-1 2-6 6-4 to reach th..
News
Australia’s nuclear submarine plan to cost up to $245 billion by 2055 -defence official
By Lewis Jackson CANBERRA (Reuters) -Australia’s nuclear-powered submarine programme with the United States and Britain will cos..
News
British EV startup Arrival gets $300 million funding, aims to slow cash-burn
(Reuters) -Electric-vehicle (EV) startup Arrival on Monday got a $300 million equity financing line from Westwood Capital and said it ..
News
UniCredit shareholders urged to reject CEO Orcel’s pay rise
By Valentina Za MILAN (Reuters) – Leading governance adviser Institutional Shareholder Services (ISS) on Monday recommended shar..
News
Meta to wind down NFTs on platforms amid crypto bust
(Reuters) -Meta Platforms Inc is cutting off support for digital collectibles or non-fungible tokens (NFTs) on its platforms less than..
News
Swiss regulator monitoring banks and insurers after SVB collapse
ZURICH (Reuters) – Swiss financial regulator FINMA on Monday said it was seeking to identify any potential contagion risks for t..
News
Market stress indicators react sharply after U.S. bank failures
By Amanda Cooper, Yoruk Bahceli and Naomi Rovnick LONDON (Reuters) – Financial market stress indicators reacted sharply on Monda..
Finance
Britain’s tax take risks blowing green energy off target
By Susanna Twidale and Shadia Nasralla LONDON (Reuters) – A cap on revenue and the lack of the kind of incentives offered to oil..
News
UK gives BBC World Service 20 million pounds to support English language broadcasting
LONDON (Reuters) – Britain said on Monday it had awarded a one-off payment of 20 million pounds ($24.13 million) to the BBC Worl..
News
Tesco to charge online, Booker suppliers new fulfilment charge
LONDON (Reuters) – Britain’s Tesco has told the suppliers of its online and Booker wholesale operations that they will nee..
News
Bristol Myers, Pfizer, AbbVie drugs likely to face U.S. price negotiation
By Michael Erman, Patrick Wingrove and Ahmed Aboulenein NEW YORK/WASHINGTON (Reuters) – The blood thinner Eliquis from Bristol M..
News
Porsche CEO: There is no conflict between e-mobility and e-fuels
WOLFSBURG (Reuters) – Porsche CEO Oliver Blume characterised the debate over e-fuels as “emotional” and said there w..
News
Britain toughens up diversity targets for UK companies
By Huw Jones LONDON (Reuters) – Britain’s top listed and private companies on Monday were called on to meet broader volunt..
News
The pound, gilts and stocks: likely winners and losers from UK budget
By Lucy Raitano, Samuel Indyk and Joice Alves LONDON (Reuters) – Britain’s City and business lobby are clamouring for swee..
News
HSBC acquires British arm of stricken Silicon Valley Bank
By Iain Withers LONDON (Reuters) -HSBC said on Monday it is acquiring the UK subsidiary of stricken Silicon Valley Bank for 1 pound, r..
News
Novartis launches new $11 billion share buyback
ZURICH (Reuters) -Novartis has formally launched its new share buyback programme where it could spend up to 10 billion Swiss francs ($..
News
Mobile games developer Huuuge says has $24.2 million at SVB
(Reuters) – Mobile games developer Huuuge Inc said late on Saturday about 10% of its cash and securities were held at the collap..
News
US stock futures, bonds rally as markets flirt with Fed pause
By Wayne Cole SYDNEY (Reuters) – U.S. stock futures rallied in tense Asian trade on Monday as authorities announced plans to lim..
News
Over a dozen Chinese-based firms say they have minimal exposure to SVB
HONG KONG (Reuters) -Over a dozen Hong Kong-listed companies have stepped forward to say they had little or no exposure to Silicon Val..
Business
S&P Global acquires firm to bolster capability to track commodity shipments
SINGAPORE (Reuters) – S&P Global Commodity Insights said on Monday it has acquired UK-based technology firm Tradenet and its..
Business
Who can identify crowdfunder’s signals best – equity experts or general investors?
Investors with a higher level of general human capital – including their level of education and entrepreneurial experience – ar..
Finance