Reuters UK Business

(Reuters) -Britain’s no. 3 homebuilder Taylor Wimpey will drop contract terms that lock leaseholders into rents that double every 10 years, ending an over year-long probe into the firm by the UK competition watchdog, the regulator said on Wednesday. The Competition and Markets Authority (CMA) had launched an investigation in September last year, filing cases …

UK homebuilder Taylor Wimpey drops rent-doubling clauses after settlement Read More »

DUBLIN (Reuters) – Irish consumer sentiment in December suffered its sharpest fall since January after the emergence of the highly transmissible Omicron variant forced the introduction of new restrictions, a survey showed on Wednesday. The KBC Bank Ireland consumer sentiment index declined to 74.9 in December from 83.1 in November to hit its lowest level …

Irish consumer sentiment suffers sharpest drop since January Read More »

(Reuters) -BlackBerry Ltd beat Wall Street estimates for third-quarter revenue on Tuesday, helped by sustained demand for its cybersecurity and Internet of Things products. Demand for cybersecurity software has been robust as more businesses and government organizations migrate to cloud-based solutions to support remote work during the COVID-19 pandemic. BlackBerry posted third-quarter cybersecurity revenue of …

BlackBerry revenue beats estimates as cybersecurity demand stays strong Read More »

By Chris Prentice and Iain Withers WASHINGTON (Reuters) – A unit of NatWest Group on Tuesday agreed to pay about $35 million and pleaded guilty to wire and securities fraud in relation to a long-running scheme by some of its traders to manipulate U.S. Treasury debt markets. The lender’s investment bank NatWest Markets admitted its …

NatWest pleads guilty to U.S. fraud charges, to pay $35 million Read More »

By Stefanie Eschenbacher and Gary McWilliams MEXICO CITY/HOUSTON (Reuters) -A pair of New York businessmen filed a lawsuit in a U.S. court seeking to block Mexico’s state oil company Petroleos Mexicanos (Pemex) from taking control of a Texas refinery, claiming the sale would raise U.S. gasoline prices. Royal Dutch Shell in May agreed to sell …

Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex Read More »

By William Schomberg and James Davey LONDON (Reuters) – Britain announced on Tuesday 1 billion pounds ($1.3 billion) of extra support for businesses hit hardest by the wave of Omicron variant coronavirus cases, which is hammering the country’s hospitality sector and other businesses. Finance minister Rishi Sunak said he was confident the measures would help …

UK offers 1 billion pounds to firms hit hardest by Omicron Read More »