LONDON (Reuters) -Britain announced a new annual tax on homes worth more than 2 million pounds ($2.63 million), expected to raise 0.4 billion in 2029-30, according to estimates from the country’s budget watchdog published on Wednesday ahead of the finance minister’s budget statement. The new surcharge will come into force in April 2028. The OBR …
UK announces new tax on expensive homes from 2028 Read More »
By Forrest Crellin, Isla Binnie, David French and Andres Gonzalez PARIS/NEW YORK/LONDON (Reuters) -French state-owned utility EDF is considering selling all of its U.S. renewable energy business, its CEO said on Wednesday, as the company focuses on building up its domestic nuclear operations and U.S. support for wind and solar has been rolled back. Bernard …
Exclusive-EDF weighs full sale of US renewable unit to focus on French nuclear Read More »
LONDON (Reuters) -Some brokers shifted their trade recommendations in favour of British government bonds and the pound on Wednesday, after the country’s finance minister Rachel Reeves announced a big tax raising budget. Nomura said it had closed its recommendation to buy the euro against sterling as the budget “avoided the major tail risks that could …
Brokers turn more bullish towards gilts, pound after UK budget Read More »
By Amanda Cooper LONDON (Reuters) -Investors piled into long-dated UK bonds on Wednesday, pushing yields down by the most since April, and boosted the pound after UK finance minister Rachel Reeves’ budget helped alleviate some concern about Britain’s long-term finances. Reeves delivered a budget that will take more tax from workers, people saving for a …
Investors pile into UK bonds and sterling after budget Read More »
LONDON (Reuters) -The Magnum Ice Cream Company on Wednesday said it had completed a 3 billion euro ($3.48 billion) debut bond issue that was oversubscribed seven times, less than two weeks before the company will finalise a spinoff from Unilever and list in Amsterdam. Magnum, which also includes brands such as Wall’s and Ben & …
Magnum Ice Cream raises $3.5 billion in bond issue, Unilever spinoff nears Read More »
By Andy Bruce LONDON (Reuters) -Britain’s fiscal watchdog apologised for publishing details of Rachel Reeves’ budget early on Wednesday, a blunder that stole the finance minister’s chance to reset the political narrative after months of leaks and speculation about her plans. The unprecedented error by the independent Office for Budget Responsibility (OBR) sparked anger and …
UK watchdog’s early budget release steals Reeves’ thunder, stirs markets frenzy Read More »
By Marleen Kaesebier and Emanuele Berro (Reuters) -Aroundtown, one of Germany’s largest listed landlords, said on Wednesday that the first of its data centres is set to go live in Berlin within the next three years. The real estate company said in May that it aimed to convert vacant office spaces into data centres as …
Aroundtown says first German data centre to go live within 3 years Read More »
FRANKFURT (Reuters) -The European Central Bank still needs to see a slowdown in non-energy inflation to be confident that overall price growth will hold at its 2% target, ECB chief economist Philip Lane said on Wednesday. Inflation has been hovering around target for most of this year but non-energy inflation is still well above 2% …
ECB still needs to see slowdown in non-energy inflation, chief economist says Read More »
(Reuters) -TelevisaUnivision said on Wednesday it signed a multi-year distribution deal with YouTube TV, restoring the Spanish-language media company’s networks on the pay-TV service after a nearly two-month blackout. The channels went dark on one of the largest pay-TV services in the U.S. on September 30. Univision, owned by TelevisaUnivision, had said that YouTube TV …
TelevisaUnivision networks return to YouTube TV under new deal ending two-month blackout Read More »
LONDON (Reuters) -Britain will levy a pay-per-mile tax on electric and plug-in hybrid vehicles from April 2028, finance minister Rachel Reeves said in her budget on Wednesday, to offset some of fuel duty revenue that will be lost as drivers switch to cleaner cars. The charge will be set at 3 pence per mile for …
