Reuters UK Business

FRANKFURT (Reuters) -Euro zone banks must prepare for unprecedented shocks causing severe disruptions with far-reaching consequences for financial systems, the European Central Bank said on Tuesday as it outlined its supervisory priorities for the next three years. The ECB has long argued that banks face a new reality with more frequent shocks, from tariffs to …

Europe’s banks face ‘unprecedentedly high’ risk of shocks, ECB warns Read More »

By Yadarisa Shabong (Reuters) -Britain’s competition regulator launched on Tuesday investigations into eight firms including ticket vendors StubHub and viagogo over online pricing issues, in its first enforcement actions under new and tougher consumer protection powers. The businesses under investigation include fitness chain Gold’s Gym and homeware retailer Wayfair in the UK. The Competition and …

From ticketing sites to fitness chains, UK probes online pricing practices Read More »

(Reuters) -Imperial Brands edged above annual profit estimates in its first set of results under new CEO Lukas Paravicini and forecast continued higher prices of its tobacco products alongside growing demand for smoking alternatives. The maker of Davidoff cigarettes and blu e-cigarettes has promised 3%-5% annual profit growth and a share buyback programme every year until …

Imperial Brands beats profit forecast, sees growth in smoking alternatives Read More »

MILAN (Reuters) -Global investors lifted equity and commodity allocations in November, but cash holdings fell to just 3.7%, triggering Bank of America’s “sell signal” and raising concerns that bullish positioning could act as a headwind for risk assets, its monthly fund manager survey showed on Tuesday. The November survey warned that frothy markets may face …

Investors raise risk bets but cash flashes ‘sell signal’ – BofA survey Read More »

By Nicholas P. Brown and Alexander Marrow NEW YORK/LONDON (Reuters) -Nestle wants out of mass-market vitamins. But a move by consumers towards more expensive, science-backed products risks complicating the Swiss conglomerate’s effort to fetch a high price for its underperforming brands. The $250 billion consumer food giant said in July it was launching a strategic …

Analysis-As wellness trends go upscale, Nestle’s mass-market vitamins lose some shine Read More »

BERLIN (Reuters) -Rheinmetall, whose fortunes have surged amid Europe’s renewed interest in defence, aims to quintuple sales by the start of the next decade, the German company said on Tuesday. The group guided for sales of around 50 billion euros ($58 billion) – five times its 2024 revenue of 9.8 billion euros – and an …

Rheinmetall aims to quintuple sales in 2030 on high demand Read More »