Reuters UK Business

LONDON (Reuters) -The Bank of England launched on Tuesday a new financial stability tool that insurers and pension funds can use during periods of turbulence in Britain’s government bond market. The Contingent Non-Bank Financial Institution Repo (CNRF) allows companies to borrow cash from the BoE using gilts they own as collateral. Britain’s 2.5-trillion-pound ($3.1 trillion) …

Bank of England launches tool to calm gilt market in times of distress Read More »

OSLO (Reuters) – Tesla CEO Elon Musk has clashed with Nicolai Tangen, CEO of Norway’s sovereign wealth fund, one of the automaker’s top investors, according to a record of the conversation released on Tuesday. Last June, the fund voted against Musk’s $56 billion pay package, the largest for a chief executive in corporate America, at …

Elon Musk clashes with Norway wealth fund CEO; ‘friends are as friends do’ Read More »

By Andrew MacAskill and Paul Sandle LONDON (Reuters) -British Prime Minister Keir Starmer and finance minister Rachel Reeves met business leaders on Tuesday, seeking to hammer home their message that ministers had been told to refocus attention on economic growth with every major decision. Starmer and Reeves held a meeting in London’s historic finance centre …

UK’s Starmer seeks to reassure business on commitment to generating growth Read More »

By Angelo Amante ROME (Reuters) -Leonardo Chief Executive Roberto Cingolani said he had met the head of French peer Airbus on Tuesday to discuss possible alliances in the satellite industry which would allow Europe to better face up to global competition. “We are working (on a satellite alliance) with Airbus and Thales,” Cingolani said on …

Leonardo CEO meets Airbus head to discuss satellite alliance Read More »

By Ludwig Burger and Hakan Ersen WALLDORF, Germany (Reuters) -SAP, Europe’s largest software maker, said on Tuesday it was more optimistic about its financial results this year due to faster growth in cloud computing and artificial intelligence. The group said it expects operating profit in 2025, on a constant currency basis, to be between 10.3 …

SAP sees higher 2025 operating profit, as AI services catch on Read More »

LONDON (Reuters) -The Bank of England on Tuesday appointed one of its senior advisers, Andrea Enria, to the Prudential Regulation Committee (PRC). The BoE’s Prudential Regulatory Authority (PRA) supervises the soundness of Britain’s largest lenders and insurers. Its committee, the PRC, takes the most important decisions relating to the authority’s policies and supervision of individual …

Bank of England appoints Andrea Enria to Prudential Regulation Committee Read More »

By Nikhil Sharma (Reuters) – European shares climbed to a record high on Tuesday with retail and utilities stocks leading the broader gains, as selling pressures ebbed a day after the Chinese AI startup DeepSeek triggered a global market rout. The pan-European STOXX 600 was up 0.7% as of 1020 GMT, narrowly beating an intraday …

European shares jump to record high as tech jitters abate Read More »