Reuters UK Business

(Reuters) -De La Rue has received a takeover proposal from a consortium of British financier Edi Truell’s companies, sending shares in the UK banknote printer up 14% on Thursday. The company had been in talks last month about selling a 40% stake to the consortium including Truell’s Disruptive Capital GP and Pension SuperFund Capital at …

UK’s De La Rue gets $301 million takeover proposal from Edi Truell’s consortium Read More »

DUESSELDORF (Reuters) – Several companies have expressed an interest in a possible partnership with Thyssenkrupp’s TKMS marine division, a company spokesperson said on Thursday after a newspaper reported German engine maker Deutz wanted to take it over. Handelsblatt business daily cited industry sources as saying Deutz was among the companies that had submitted a non-binding …

Thyssenkrupp says several firms interested in marine division Read More »

By Alun John, Harry Robertson and Naomi Rovnick LONDON (Reuters) – British markets are among the biggest victims of a global bond selloff that has spilled over into currencies and stocks this week. Yields on long-dated British government bonds are at their highest in decades – putting government finances under pressure – while sterling is …

UK markets are in the eye of the global bond storm Read More »

By James Davey, Paul Sandle and Sarah Young LONDON (Reuters) – Shares in Britain’s Marks & Spencer and other retailers fell on Thursday, with 2 billion pounds ($2.45 billion) wiped off the sector, as concern about ebbing consumer confidence and economic weakness overshadowed healthy Christmas trading. Retailers, already facing weak consumer sentiment, are bracing for …

UK consumer confidence falters after Christmas splurge Read More »

By Francesco Canepa FRANKFURT (Reuters) – Just as Britain and the United States come under pressure from investors worried about growing debt and sticky inflation, the euro zone seems to be largely escaping the market’s wrath — even if the reasons behind that calm are not all pleasant. The UK and U.S. governments have seen …

Analysis-For good reasons and bad, global bond wobble passes over euro zone Read More »

LONDON (Reuters) – Broker McGill and Partners has launched a commercial property war risk reinsurance programme for Ukraine, which it said on Thursday was the first of its kind since Russia’s invasion of the country in Feb 2022. Companies in Ukraine have found it difficult to get insurance since the start of the war because …

Broker McGill offers property war reinsurance for Ukraine Read More »

By John Revill ZURICH (Reuters) – The Swiss National Bank will likely report a record full-year profit of around 80 billion Swiss francs ($87.79 billion) for 2024, it said on Thursday, after benefiting from booming equity markets, rising gold prices and a stronger U.S. dollar. The expected profit, according to provisional data, is the highest …

Swiss central bank sees 2024 profit at record $88 billion as gold, stock prices jump Read More »

(Reuters) – Standard Chartered has formed a new entity in Luxembourg to offer crypto and digital asset custody services in the European Union, as the global lender looks to cash in on the growing demand for digital security. StanChart is among several major financial institutions that have been entering the crypto sector as more institutional …

StanChart forms new entity for digital assets custody services in EU Read More »

By Harry Robertson and Yoruk Bahceli LONDON (Reuters) – PIMCO and other major investors said they were staying in the market for British government bonds despite the recent turmoil, throwing finance minister Rachel Reeves a potential lifeline as she tries to quell a multi-day sell-off in UK debt. Asset managers said the sharp rise in …

PIMCO and other investors stick with UK gilts, see rate cuts easing market pain Read More »

AMSTERDAM (Reuters) – The Dutch government said on Thursday it is in discussions with U.S. chip firms Nvidia and AMD about suppling hardware and technological knowledge for a possible artificial intelligence (AI) facility. The Netherlands aims to build a facility where an AI supercomputer can contribute to research and development, as part of broader EU …

Netherlands holds supply talks with Nvidia, AMD on AI-facility Read More »