MADRID (Reuters) -Santander UK’s board chair William Vereker has announced his intention to step down this year, once an orderly handover process has been completed, the British unit of the Spanish lender said in a statement on Tuesday. Earlier this month, a person familiar with the matter said that Santander was reviewing its British presence …
ZURICH (Reuters) – Swiss bank Julius Baer plans to make hundreds of job cuts and slim down its executive board under new CEO Stefan Bollinger, a source familiar with the matter said on Tuesday. The wealth manager, which in November flagged that it might have to take additional cost-saving measures in the near future, is …
Julius Baer plans job cuts under new CEO, source says Read More »
(Reuters) – BMW expects its fourth-quarter pre-tax earnings to be significantly below last year and its full-year margin to be in the lower half of its 6-7% target, according to slides posted on the carmaker’s website on Tuesday. Inflation and higher fixed costs from unwinding inventory hit its earnings in the last three months, according …
BMW expects full-year earnings margin in lower half of 6-7% target Read More »
By Susanna Twidale LONDON (Reuters) – Benchmark prices in Britain’s Emissions Trading System closed around 13.5% higher on Tuesday after a newspaper reported that Britain is seeking talks on linking its carbon market with that of the European Union. Britain quit Europe’s ETS at the end of 2020 as part of its exit from the …
UK carbon prices close 13.5% higher on EU linking talks report Read More »
(Reuters) – London’s benchmark index moved higher on Tuesday and logged its best day in over one week, as the global tech rout eased, while the focus shifts to the U.S. Federal Reserve rate cut decision scheduled later in the week. The blue-chip FTSE 100 closed 0.3% higher at 8,533.87 points. The domestically focussed FTSE …
London stocks gain as global tech rout eases; industrial miners weigh Read More »
(Reuters) – British gambling technology firm Playtech’s Chairman Brian Mattingley will retire from the board this year, Sky News reported on Tuesday. Mattingley, former chairman and chief executive of 888, the London-listed bookmaker now called Evoke, will leave Playtech after about three and half years. The move will be announced this week, according to the …
UK gambling firm Playtech’s chair to step down, Sky News reports Read More »
BERLIN (Reuters) – BMW will propose this week that the European Union lower its tariff on U.S. car imports to 2.5% from 10%, in line with the current U.S. import tariff, the German automaker’s CEO Oliver Zipse said on Tuesday. New U.S. President Donald Trump has threatened to impose or raise tariffs on a range …
BMW CEO proposes cutting EU tariff on US vehicle imports to 2.5% Read More »
By Manya Saini (Reuters) – Payments giant Visa and Elon Musk’s X are partnering to offer direct payment solutions to customers of the social media app, a person familiar with the matter told Reuters on Tuesday. The deal comes as the billionaire continues his efforts to transform the X platform into an “everything app”, aiming …
X seals payments deal with Visa in push toward Musk’s ‘everything app’ goal, source says Read More »
LONDON (Reuters) – Commodity trading house Gunvor’s global head of crude trading Benoit Roulon has left the company, four sources familiar with the matter told Reuters. It was not immediately clear why Roulon left Geneva-based Gunvor. A Gunvor spokesperson declined to comment. Roulon did not immediately respond to a Reuters’ request for comment via LinkedIn …
Gunvor’s head of crude oil trading Roulon leaves firm, sources say Read More »
By Sergio Goncalves LISBON (Reuters) – Air France-KLM is exploring potential cooperation on sustainable aviation fuel with Portuguese partners ahead of the privatisation of Portugal’s flag carrier TAP, a spokesperson for the airline said on Tuesday. The Franco-Dutch group, Lufthansa and British Airways owner IAG have already shown interest in TAP’s privatisation, which the government …
Air France-KLM seeks partners for sustainable fuel in Portugal ahead of TAP sale Read More »
