Reuters UK Business

By Elizabeth Howcroft LONDON (Reuters) -The pound slipped versus the dollar and euro on Thursday, hurt by dollar gains after the Fed meeting minutes, while investors weighed up the extent to which easing fears around the Omicron variant of COVID-19 would translate into economic gains. Risk-sensitive currencies such as the British pound, Australian dollar and …

Pound dips on dollar strength; UK service PMIs hit 10-month low Read More »

LONDON (Reuters) -M&C Saatchi has received bid interest from its director and biggest shareholder Vin Murria which could lead to a takeover offer for one of the biggest names in British advertising, the company said on Thursday. Founded in 1995 by brothers and ad moguls Maurice and Charles Saatchi, M&C is still recovering from a …

Tech entrepreneur Murria eyes bid for ad company M&C Saatchi Read More »

By Michael Nienaber and Klaus Lauer BERLIN (Reuters) -German annual inflation slowed in December for the first time in six months, but remained well above the European Central Bank’s price stability target of 2% for the euro zone as a whole, preliminary data showed on Thursday. The reading from Germany, the biggest euro zone economy, …

German inflation eases in December for the first time in six months Read More »

By Huw Jones and Elizabeth Howcroft LONDON (Reuters) – Amsterdam ended 2021 as Europe’s top share trading venue, holding its lead over London despite efforts by the British financial centre to make its equity markets more attractive after Brexit. Euro-denominated share trading by EU investors had to stop in Britain when the country left the …

Amsterdam retains share-trading supremacy over London a year after Brexit Read More »

PARIS (Reuters) – Societe Generale’s car leasing division ALD has agreed to buy Dutch rival LeasePlan for 4.9 billion euros ($5.5 billion) to give it more scale as the auto rental market goes electric, the French bank said on Thursday. The new company would manage the biggest electric vehicle (EV) fleet in Europe and have …

SocGen’s car leasing business ALD to buy LeasePlan for $5.5 billion Read More »

By Paul Sandle and James Davey LONDON (Reuters) – Three leading British retailers on Thursday underscored the threat they face from inflation this year, with their bosses battling to remain competitive as consumer finances come under pressure and prices surge. Next, Britain’s most profitable clothing retailer, Greggs, a booming food-to-go chain, and discount group B&M …

Inflation trap looms for British retailers Read More »

By Ron Bousso LONDON (Reuters) – At least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell’s onshore oilfields in a sale that could fetch up to $3 billion, three sources involved in the process told Reuters. Shell started talks with the Nigerian government last year about …

Exclusive-Shell’s Nigerian oil assets attract interest from local firms, sources say Read More »

By Paul Sandle LONDON (Reuters) -Greggs retail director Roisin Currie will take over as chief executive in May, the British food-to-go retailer said on Thursday as it reported a rise in fourth-quarter sales despite the spread of Omicron in the run-up to Christmas. The company, known for its sausage rolls, savoury bakes and sandwiches, said …

Greggs names new chief executive after sales rise Read More »