Reuters UK Business

UK stocks slip on tariff uncertainty; Heathrow power outage disrupts airlines

21 Mar 2025

(Reuters) – British stocks closed lower on Friday on continued worries about the economic impact of U.S. tariff policy, while a shutdown of Heathrow Airport pressured travel stocks. The blue-chip FTSE 100 was down 0.6%. The mid-cap FTSE 250 index declined 0.9%. Despite the day’s losses, the blue-chip index rose 0.3% this week. The mid-cap …

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European shares end week higher; airlines hit by Heathrow closure

21 Mar 2025

By Nikhil Sharma and Purvi Agarwal (Reuters) -European shares fell alongside other major global stock markets on Friday on uncertainty over trade tensions and geopolitical conflicts, while travel and leisure stocks were hit after a fire led to the closure of Britain’s Heathrow Airport. The pan-European STOXX 600 was down 0.6% in a third consecutive …

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Italy’s Iveco targets 1.5 billion euro valuation for defence unit, Bloomberg says

21 Mar 2025

MILAN (Reuters) – Italian truck-maker Iveco is looking to raise as much as 1.5 billion euros ($1.6 billion) from a sale of its defence unit, Bloomberg reported on Friday, as a projected defence spending surge in Europe stokes interest for military assets. The Turin-based company last month said it was considering spinning off its IDV …

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Heathrow resuming flights, expects full service on Saturday

21 Mar 2025

LONDON (Reuters) – London’s Heathrow Airport said on Friday it was resuming flights after a fire at a substation knocked out its power, and it expected to run a full operation on Saturday. (Reporting by Muvija M; writing by Kate Holton)

ECB to decide by next week on wider use of favourable capital rule, source says

21 Mar 2025

By Francesco Canepa and Valentina Za FRANKFURT (Reuters) – The European Central Bank will decide at the latest by next week whether favourable capital rules on banks’ insurance holdings, known as the ‘Danish Compromise’, also apply when the insurance units buy an asset manager, a person close to the matter said. The decision, which follows …

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BBVA pledges more commitments to regions affected by bid for Sabadell

21 Mar 2025

By Jesús Aguado MADRID (Reuters) -BBVA’s Chair Carlos Torres on Friday pledged more commitments to the regions most affected by the bank’s proposed takeover of smaller rival Sabadell, and said he was confident the bid would get regulatory approval. BBVA’s all-share hostile takeover offer for Sabadell, valued last April at more than 12 billion euros …

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Swiss government agrees wage protection package to buttress EU deal

21 Mar 2025

ZURICH (Reuters) -Switzerland has adopted a package of measures to protect workers’ pay, the government said on Friday, potentially removing an important obstacle to the country approving a new agreement aimed at deepening ties with the European Union. The measures will be included in a consultation draft for the EU agreement, after employers’ associations and …

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