Reuters UK Business

LONDON (Reuters) -The Bank of England on Monday launched its 2025 bank capital stress test for Britain’s seven largest and most systemic banks and building societies. The results of the test, which checks if banks have enough capital to weather theoretical shocks, will be published in the fourth quarter of this year, the BoE said. …

Bank of England launches 2025 bank capital stress test Read More »

By Charlie Conchie LONDON (Reuters) – Klarna’s upcoming U.S. initial public offering could help unlock a pipeline of British fintech flotations after a barren period for new technology listings, investors, lawyers and an executive told Reuters.   Stockholm-headquartered Klarna, best known for its buy-now pay-later products, publicly filed to float on the New York Stock Exchange …

Analysis-Klarna IPO filing spurs hope of British fintech listings Read More »

MOSCOW (Reuters) -Lukoil posted a 26.5% decline in 2024 full-year net profit to 848.5 billion roubles ($10.12 billion), Russia’s No.2 oil producer reported on Monday, as taxes increased. It also said revenue rose to 8.6 trillion roubles last year from 7.9 trillion roubles in 2023. Russian companies have taken a hit from a rise in …

Russia’s Lukoil says 2024 net profit down 26.5% as taxes bite Read More »

(Reuters) -German beauty retailer Douglas said on Monday it had been surprised by the speed at which the market had deteriorated in the last three months, which caused it to cut its guidance for 2025 on Thursday. It attributed the downturn to a “very significant” shift in the economy and politics globally that has hit …

Douglas surprised by speed of deterioration in key markets, CEO says Read More »

By Mariam Sunny (Reuters) -Danish drugmaker Novo Nordisk has bought global rights to China-based United Laboratories International’s so-called “triple-G” weight-loss drug candidate in a deal worth up to $2 billion. Novo has been trying to strengthen its foothold in the potential $150 billion obesity market through the development of next-generation drugs, acquisitions and partnerships. With …

Novo bets on ‘triple G’ obesity drug in up to $2 billion deal with Chinese biotech Read More »

By David Shepardson WASHINGTON (Reuters) – The National Highway Traffic Safety Administration is investigating nearly 1.3 million Ford F-150 pickup trucks in the United States over reports of an unexpected gear downshift accompanied by a temporary rear wheel lock-up. NHTSA said Monday it is opening a preliminary evaluation into some Ford F-150 pickup trucks from …

US opens probe into nearly 1.3 million Ford F-150 trucks over unexpected gear shift Read More »

By Nell Mackenzie LONDON (Reuters) -Global hedge funds sold European stocks for the second straight week in a row with a focus on the region’s financial, materials, energy and industrial companies, Goldman Sachs data for the week ending March 21 showed.  Hedge funds as a group have had more positions that European stocks would fall …

Hedge funds bet against builders, financial firms and energy in Europe, says Goldman Sachs Read More »