Reuters UK Business

(Reuters) -Britain’s competition regulator said on Monday it might green light Topps Tiles’ 9-million-pound ($11.3 million) acquisition of CTD Tiles, if the proposed remedies are found sufficient. Last month, the Competition and Markets Authority flagged that Topps Tiles’ purchase of 30 CTD Tiles stores in 2024 raised competition concerns in parts of England and Scotland. …

UK’s Topps Tiles-CTD Tiles deal may get approval, competition regulator says Read More »

By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission yielded to pressure from European automakers on Monday by giving them three years, rather than only one, to meet new CO2 emission targets for their cars and vans. The EU significantly lowered its cap on automotive carbon dioxide emissions this year, meaning at least one-fifth of all …

EU seeks to grant automakers ‘breathing space’ on CO2 emission targets Read More »

(Reuters) -A sharp rally in defence shares lifted Britain’s FTSE 100 to record highs on Monday as investors cheered the possibility of a military spending surge in Europe. The blue-chip FTSE 100 gained 0.7% to touch an all-time closing high, while the midcap FTSE 250 gained 0.3%. European leaders agreed on Sunday they needed to …

FTSE 100 hits record high as defence stocks rally Read More »

By Sam Tobin LONDON (Reuters) -Former Barclays boss Jes Staley did not mislead the UK’s financial watchdog over his relationship with disgraced financier Jeffrey Epstein, Staley’s lawyers said on Monday at the start of a London court case in which the former banker seeks to restore his reputation. Staley appeared in court flanked by his …

Ex-Barclays CEO Staley did not mislead UK watchdog about Epstein, lawyer says Read More »

By Ariane Luthi BERN (Reuters) -The second-largest party in the Swiss parliament on Monday presented proposals to tighten regulation of UBS, including to significantly ramp up the capital the bank must hold. The 49-page plan by the Social Democrats (SP) argues UBS should hold $40 billion more capital, working from the basis that it had …

Swiss Social Democrats seek $40 billion in additional capital from UBS Read More »

(Corrects day of week regarding earlier report in paragraph 5 to Sunday not Monday) By Amanda Cooper, Dhara Ranasinghe and Paolo Laudani LONDON/GDANSK (Reuters) -Investors piled into European arms manufacturer shares and punished long-dated government bonds on Monday, following the clearest sign yet the region’s leaders were racing to increase defence spending and help to …

Europe’s backing for Ukraine ‘turbocharges’ arms shares Read More »

By Raechel Thankam Job and Pushkala Aripaka (Reuters) -British engineering firm Senior Plc is in advanced negotiations with a small number of parties for the sale of its aerostructures business, which is projected to turn profitable this year, the company said on Monday. Senior has been considering selling the business for years after key supplier …

UK’s Senior in advanced talks for sale of aerostructures business Read More »