LONDON (Reuters) -Lloyds and Nationwide were among British lenders hit by IT glitches on Friday for several hours, amid increased scrutiny by lawmakers of technical problems at banks that have prevented customers from accessing services. Lloyds said on its status page early on Friday that some customers were having issues logging in to mobile and …
Lloyds, Nationwide among UK lenders hit by IT glitches Read More »
By Andrea Mandala and Valentina Za MILAN (Reuters) -Banco BPM on Friday secured shareholder approval for its decision to pay more to buy fund manager Anima Holding, a key plank of the Italian bank’s defence strategy against suitor UniCredit. UniCredit in late November swooped on Banco BPM, which has long been a natural takeover target …
UniCredit’s takeover target Banco BPM secures investor backing to sweeten Anima bid Read More »
By Nikhil Sharma and Purvi Agarwal (Reuters) – European shares clocked their 10th straight weekly gain on Friday, continuing their stellar run into the new year though sentiment was shaky towards the end of the week amid trade tariff threats from U.S. President Donald Trump. The pan-European STOXX 600 index ended flat, but closed higher …
European shares close 10th week higher; focus remains on US tariffs Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission will present measures next week meant to boost demand for electric vehicles (EVs)in the European Union, and envisages local content requirements for car battery production, according to a draft of the proposals. The EU executive will publish its automotive action plan on March 5 to help …
EU to propose push to boost EV demand, require more local batteries Read More »
(Reuters) -The UK’s benchmark FTSE 100 share index posted its highest close on record on Friday, buoyed by positive corporate earnings including from British Airways parent IAG, while a slump in Morgan Advanced Materials after a bleak outlook weighed on the mid-cap index. The exporter-heavy FTSE 100 rose 0.6%, also helped by a weaker pound, …
FTSE 100 ends February with record close, boosted by earnings Read More »
By Tom Sims, Francesco Canepa and John O’Donnell FRANKFURT (Reuters) -Banks struggled to process payments on Friday after an unprecedented day-long breakdown in the European Central Bank’s machine underpinning trillions of euros of money movements. The ECB said late on Thursday it had fixed the roughly seven-hour outage in its payment system, which had left …
ECB’s multi-trillion payments breakdown sends shudders through Europe Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Twenty-three industry groups across Europe have urged EU tech chief Henna Virkkunnen to adopt a draft cybersecurity certification scheme (EUCS) for cloud services that was tweaked last year in favour of Amazon, Alphabet’s Google and Microsoft. The call came amid signs that the European Commission may delay adopting …
Industry groups urge quick adoption of EU cybersecurity label that favours Big Tech Read More »
By Helen Reid LONDON (Reuters) – Whether Adidas can win more American shoppers from market leader Nike will be key to its continued success this year, investors and analysts said, as the German brand looks for new sources of growth beyond its Samba and Gazelle sneakers. Uncertainty over whether consumer demand in China will recover …
Adidas targets larger US market share as Nike struggles Read More »
MUNICH (Reuters) – A German court said on Friday that EY Germany cannot be held liable for damages in a lawsuit by former Wirecard shareholders over its allegedly flawed audits of the now-defunct payments group. EY faced considerable fallout from the 2020 collapse of Wirecard – one of Europe’s biggest ever accounting scandals – including …
German court says EY not liable for damages in Wirecard lawsuit Read More »
LONDON (Reuters) -Abrdn said on Friday it has hired a finance chief from NatWest’s private bank Coutts, as CEO Jason Windsor builds out an executive team to try to lead a turnaround of the British fund manager. Siobhan Boylan, currently CFO at Coutts after joining in September 2023, is expected to join abrdn in the …
