Reuters UK Business

By Valentina Za SIENA, Italy (Reuters) -Monte dei Paschi di Siena expects to launch its 12.5 billion euro ($14 billion) takeover offer for Mediobanca in the summer, after securing shareholder approval on Thursday for the hostile bid. Normally rare in finance, hostile moves are sweeping through Italian banking, which is bracing for slowing revenue as …

Monte dei Paschi investors back hostile bid for Mediobanca Read More »

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank cut interest rates for the seventh time in a year on Thursday and warned that economic growth will take a big hit from U.S. tariffs, bolstering bets for even more policy easing in the months ahead. The ECB has taken borrowing costs …

ECB cuts rates on weak growth, markets bet on more easing Read More »

(Reuters) -Britain’s benchmark FTSE 100 index posted its biggest weekly gain since October 2022 on Thursday ahead of the Easter break, although it was little moved on the day as gains from Rentokil and Sainsbury offset weakness elsewhere. The mid-cap FTSE 250 index dipped 0.08%, but was also higher on the week, with the biggest …

FTSE 100 posts biggest weekly gain in over 2 years Read More »

By Niket Nishant (Reuters) -Blackstone beat first-quarter profit estimates on Thursday on the back of strong performance from its private equity and credit businesses, but the company’s CEO warned that heightened volatility may hamper asset sales in the near term. The shift in tone marks a sharp reversal from the optimism post the November election, …

Blackstone beats first-quarter profit estimate, but CEO warns of tariff disruption Read More »

By Sukriti Gupta, Medha Singh and Shashwat Chauhan (Reuters) -European shares closed slightly lower on Thursday after the European Central Bank eased borrowing rates as expected, while investors parsed corporate earnings to gauge the fallout of U.S. President Donald Trump’s erratic trade plans. The pan-European STOXX 600 index ended 0.1% lower, though clocked a more …

European shares clock marginal losses after ECB eases rates as expected Read More »

By Kate Abnett and Maytaal Angel BRUSSELS (Reuters) – Companies will need less paperwork to comply with the European Union’s anti-deforestation law as of December when it kicks in with changes by the European Commission. The law will ban imports of commodities including soy, beef, cocoa and palm oil linked to forest destruction. Brussels delayed …

EU eases deforestation law reporting for companies Read More »

GDANSK (Reuters) -Parcel locker company InPost has acquired Yodel, one of Britain’s biggest parcel delivery firms, it said on Thursday, a move that will make the Polish group the third-largest independent logistics player in the UK. Under the terms of the deal, InPost has acquired 95.5% of Yodel parent Judge Logistics’ (JLL) share capital, with …

Poland’s InPost acquires UK parcel firm Yodel Read More »