Reuters UK Business

(Reuters) -Britain’s Metro Bank said on Wednesday it was in early discussions about a potential sale of its performing consumer loan portfolio, as it shifts focus to high-yielding commercial, corporate, and small and medium enterprise lending. Any potential divestment is expected to increase the lender’s performance ratios including the CET1, a key measure of a …

Metro Bank in early talks to sell performing consumer loan portfolio Read More »

By Sinéad Carew, Medha Singh and Amanda Cooper NEW YORK/BENGALURU/LONDON (Reuters) -Semiconductor stocks were a mixed bag on Wednesday, with European chip stocks rallying on strong earnings while U.S. stocks including Nvidia fell as investors continued to assess the potential threat from China’s low-cost DeepSeek artificial intelligence tool. On Wall Street, the Philadelphia semiconductor index …

Chip stocks mixed with DeepSeek shock, earnings in focus Read More »

(Reuters) – Britain’s Saga is likely to announce a deal to help the holiday group refinance more than 450 million pounds ($559.4 million) of its existing debt on Thursday, Sky News reported on Wednesday. Saga, which specialises in cruise packages for people over 50 years of age, is lining up HPS for the deal, Sky …

Holiday group Saga to announce debt refinancing deal, Sky News reports Read More »

By Anna Koper, Amy-Jo Crowley and Elvira Pollina WARSAW/LONDON (Reuters) – Warner Bros Discovery Inc has received non-binding offers for Polish broadcaster TVN from at least three bidders, sources familiar with the matter and one fund involved told Reuters on Wednesday. MFE-MediaForEurope, the broadcaster controlled by Italy’s Berlusconi family, is among the bidders, two sources …

Warner Bros Discovery gets at least three bids for Polish broadcaster TVN Read More »

By Nikhil Sharma and Johann M Cherian (Reuters) -European shares closed at a record high on Wednesday, boosted by technology stocks following strong results from chip equipment maker ASML, while investors shifted their focus to a monetary policy verdict by the U.S. Federal Reserve. The pan-European STOXX 600 was up 0.5%, logging its biggest one-day …

Tech stocks lift Europe’s STOXX 600 to record high; Fed in focus Read More »

(Reuters) – The UK’s main stock indexes closed higher on Wednesday boosted by gains in the technology and financial sectors, while the pound slipped after Finance Minister Rachel Reeves’s dovish remarks on resetting ties with the European Union and the United States. The blue-chip FTSE 100 inched 0.3% higher, logging its third straight session of …

London’s FTSE 100 rise on tech, financials boost; pound slips Read More »

By David Milliken and Suban Abdulla LONDON (Reuters) -Bank of England Governor Andrew Bailey said he was optimistic that tougher global bank capital rules would ultimately come into force despite uncertainty over whether Donald Trump’s administration will implement the so-called Basel 3.1 regime. Bailey told the British parliament’s cross-party Treasury Committee that although the Basel …

BoE’s Bailey ‘optimistic’ about new capital rules, despite US concerns Read More »