Reuters UK Business

ROME (Reuters) – Italian sports car maker Maserati, one of the worst performing brands within the Stellantis group, said on Wednesday it was boosting lucrative customisation services while working on wider turnaround plans. The brand sold just 11,300 vehicles last year, down from 26,600 in 2023, with an adjusted operating loss of 260 million euros …

Stellantis’ Maserati boosts customisation options ahead of relaunch plans Read More »

ZURICH (Reuters) – The Swiss government is in early June likely to set out proposals addressing how much capital systemically important banks like UBS should hold, a spokesperson for the finance ministry said on Wednesday. This was instead of the previous guidance for May, the spokesperson told Reuters. (Reporting by Ariane Luthi; Editing by Dave …

Swiss proposal on UBS capital rules likely to come in June, not May Read More »

(Reuters) – The European Commission has approved the acquisition of sole control of Slovakia’s main energy utility, Slovenske Elektrarne, by Czech billionaire Daniel Kretinsky’s energy holding company EPH, it said on Wednesday. EPH had signed a deal to acquire Italian group Enel’s 50% stake in their joint holding company, which owns 66% of Slovenske Elektrarne. …

European Commission approves EPH’s takeover of Slovak energy utility Read More »

LONDON (Reuters) – Britain’s finance minister Rachel Reeves said she wanted the country to become a “defence industrial superpower” as she pumped an extra 2.2 billion pounds ($2.8 billion) into the sector in her budget update on Wednesday. Reflecting heightened geopolitical tension and U.S. President Donald Trump’s calls for Europe to do more to protect …

UK to become ‘defence industrial superpower’, finance minister says Read More »

By David Milliken LONDON (Reuters) – Britain’s Debt Management Office said it plans to issue 299.2 billion pounds ($386 billion) of government bonds in the 2025/26 financial year, slightly less than markets expected, after finance minister Rachel Reeves gave a budget update on Wednesday. The planned gilt issuance is below the average 304 billion pounds …

UK plans to sell lower-than-expected 299 billion pounds of gilts in 2025/26 Read More »