Reuters UK Business

NEW DELHI (Reuters) – India is exploring the feasibility of allowing its companies to list on the London Stock Exchange, the finance ministers of India and Britain said in a joint statement after a meeting on Wednesday. “Both sides acknowledge the opportunities that overseas equity listings offer to broaden access to global investors and enhance liquidity,” the …

India exploring feasibility of allowing its companies to list on London Stock Exchange Read More »

By Sinead Cruise LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) has set out proposals for a new platform – The Private Intermittent Securities and Capital Exchange System (PISCES) – to enable trading of shares in private companies. A cornerstone of the regulator’s aim to bolster Britain’s capital markets, the FCA hopes PISCES will connect …

Explainer-What is PISCES and can it herald a UK capital markets revolution? Read More »

BERLIN (Reuters) – Germany’s new government pledged support for its car industry while also vouching for converting available plants for defence, a document on the coalition agreement reached by the country’s conservatives and Social Democrats and seen by Reuters showed. The parties planned to provide purchase incentives for electric cars, including plug-in hybrids and cars …

German coalition to boost EV demand, vouches for converting plants to defence Read More »

By David Milliken LONDON (Reuters) -British 30-year government bond yields surged to their highest since May 1998 on Wednesday, following another sharp rise in U.S. Treasury yields driven by U.S. President Donald Trump hitting China with 104% tariffs. The 30-year British gilt yield peaked at 5.649% at 1222 GMT, up more than 30 basis points …

UK 30-year gilt yields surge to highest since 1998 after US hikes China tariff Read More »

By Paul Sandle LONDON (Reuters) -U.S. media giant Comcast Corp has chosen an area north of London for its first Universal theme park and resort in Europe, pledging to build rides and attractions based on its movie franchises that it hopes will rival Disneyland Paris.  The group, which owns the Jurassic Park and Back to …

Universal to open first European theme park near London Read More »

BERLIN (Reuters) -Volkswagen Group’s sales of battery-electric cars more than doubled in Europe in the first quarter but fell by over a third in China, data showed on Wednesday, in a sign of the automaker’s diverging fortunes in the electric car market. In a reversal of fortunes for Volkswagen and EV maker Tesla, Volkswagen vehicles …

Volkswagen’s EV sales rise in Europe, plunge in China Read More »

By Philip Blenkinsop BRUSSELS (Reuters) -The European Union will launch its first countermeasures against U.S. President Donald Trump’s tariffs next week, the bloc’s members agreed on Wednesday, joining China and Canada in retaliating and escalating a global trade conflict.  The approval came on the day that Trump’s “reciprocal” tariffs on the EU and dozens of …

EU to start retaliating against U.S. tariffs on Tuesday Read More »