Reuters UK Business

LONDON (Reuters) – Britain’s Financial Conduct Authority has urged firms managing private assets to improve how they identify and disclose potential conflicts of interest in valuation processes, as retail investors increase their exposure to non-public assets.  Britain is one of the largest centres for private market asset management in Europe with global demand for private …

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OSLO (Reuters) – Equinor and its partners have made a gas and condensate discovery in the Mistral South exploration well in the Halten area of the Norwegian Sea, and plan to develop the resources, the state-controlled company said on Wednesday. Preliminary estimates indicate that the discovery holds recoverable reserves of between 19 million and 44 …

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LONDON (Reuters) – The euro zone economy trod water again last month as a weak expansion in the bloc’s dominant services industry was overshadowed by a long-running downturn in manufacturing, a survey showed. HCOB’s final composite Purchasing Managers’ Index for the bloc, compiled by S&P Global and seen as a good guide to overall economic …

Euro zone economy treads water again in February, PMI shows Read More »

(Reuters) – British construction and infrastructure group Balfour Beatty on Wednesday named Philip Hoare as its next CEO, replacing Leo Quinn who will leave the firm after more than 10 years. Shares of the London-headquartered company fell as much as 5.8% to 429.2 pence, hitting its lowest since January 15. Hoare joins Balfour Beatty from …

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BERLIN (Reuters) – Business activity in Germany’s services sector grew for the third consecutive month in February, but the pace of expansion slowed due to subdued demand, S&P Global reported on Wednesday. The final and seasonally adjusted HCOB index for business activity in the services sector stood at 51.1 in February, down from 52.5 in …

German services sector growth slows as demand remains subdued, PMI shows Read More »

PARIS (Reuters) – France’s services sector experienced its steepest contraction in business activity since October 2023 in February, as demand weakened sharply and employment fell at the fastest rate since August 2020, a business survey showed on Wednesday. The HCOB France Services PMI, compiled by S&P Global, dropped to 45.3 in February from 48.2 in …

French services sector contracts sharply in February, PMI shows Read More »

(Reuters) – Australian lender Commonwealth Bank of Australia said on Wednesday it has sold its remaining 4.4% stake in Vietnam International Commercial Joint Stock Bank and will receive A$170 million ($106.7 million) in total gross proceeds. ($1 = 1.5931 Australian dollars) (Reporting by John Biju in Bengaluru; Editing by Sonia Cheema)