Reuters UK Business

Russia says OPEC+ may reverse oil output after April, Kazakhstan pledges cuts

7 Mar 2025

By Olesya Astakhova, Mariya Gordeyeva and Maha El Dahan MOSCOW/ALMATY/DUBAI (Reuters) -Russia Deputy Prime Minister Alexander Novak said on Friday that the OPEC+ group agreed to start increasing oil production from April, but could reverse the decision afterward if there are market imbalances. Speaking at an online briefing almost simultaneously with Novak, officials from Kazakhstan, …

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UK insurer Just Group meets five year profit target in three, 2024 profit up 34%

7 Mar 2025

By Yamini Kalia and Chandini Monnappa (Reuters) – British insurer Just Group’s shares fell more than 17% on Friday despite its annual operating profit rising on strong demand for pension insurance, with analysts citing a lack of information on its future prospects. The UK’s pension insurance sector is growing more competitive as demand for bulk …

UK insurer Just Group meets five year profit target in three, 2024 profit up 34% Read More »

Outflow from London gold vaults to US slows down, says LBMA

7 Mar 2025

LONDON (Reuters) – The outflow of gold stored in the London vaults to the United States slowed in February, the London Bullion Market Association (LBMA) said on Friday, as the price swings which attracted the shipments wound down. Since late November, when U.S. President Donald Trump pledged to impose import tariffs on Canada and Mexico, …

Outflow from London gold vaults to US slows down, says LBMA Read More »

Russian prosecutors seek to recover assets from Gazprom ex-manager

7 Mar 2025

MOSCOW (Reuters) – Russian prosecutors have filed a lawsuit seeking to recover assets from former Gazprom manager Kirill Seleznyov, a court spokeswoman said on Friday. Interfax news agency said Seleznyov and two other defendants were suspected of diverting at least 150 billion roubles ($1.7 billion) from a Gazprom company. Darya Lebedeva, spokeswoman for the Frunzensky …

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Gas from Azerbaijan part of Ukraine transit talks, Slovakia’s Fico says

7 Mar 2025

(Reuters) – Slovak Prime Minister Robert Fico said on Friday the possibility of shipping Azerbaijani gas was part of discussions with the European Commission on restarting transit flows through Ukraine. Fico got the issue of Ukraine’s halt to gas transit mentioned in the conclusions of a summit of European Union leaders on Thursday, after threatening …

Gas from Azerbaijan part of Ukraine transit talks, Slovakia’s Fico says Read More »

Oil group DNO to buy Sval Energi in $1.6 billion deal, boosting North Sea assets

7 Mar 2025

OSLO (Reuters) -Norwegian oil company DNO has agreed to buy rival Sval Energi from private equity group HitecVision in a deal valued at $1.6 billion, it said on Friday, marking further consolidation among North Sea oil and gas producers. The purchase of the cash-generating Sval Energy portfolio could be followed by acquisitions of other assets …

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UK’s financial watchdog to review mortgage stress tests to improve access

7 Mar 2025

(Reuters) – Britain’s Financial Conduct Authority (FCA) said on Friday it is taking steps to make mortgages more accessible by examining and simplifying the rules around mortgage lending. The finance watchdog will launch a call for evidence on different methods of stress testing as part of an effort to simplify mortgage approval regulations. We want …

UK’s financial watchdog to review mortgage stress tests to improve access Read More »

Vivendi puts its net asset value at 4.83 billion euros after break-up

7 Mar 2025

By Leo Marchandon and Mara Vilcu (Reuters) -Vivendi said on Thursday that the net asset value of its investments amounted to 4.83 billion euros ($5.23 billion) as of December 31, 2024, following the break-up of the French publishing group and spin off of three companies. Vivendi, which also confirmed its plan to eventually sell its …

Vivendi puts its net asset value at 4.83 billion euros after break-up Read More »

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