Reuters UK Business

By Simon Jessop LONDON (Reuters) -JPMorgan said on Tuesday it was leaving the Net-Zero Banking Alliance, the latest U.S. lender to quit the sector’s biggest climate coalition amid rising U.S. political pressure. The move means the six biggest banks in the world’s largest economy – Goldman Sachs, Wells Fargo, Citi, Bank of America, Morgan Stanley …

JPMorgan becomes latest U.S. lender to quit Net-Zero Banking Alliance Read More »

STOCKHOLM (Reuters) – Tesla has asked a court in Sweden to ensure that the country’s Transport Agency provides access to licence plates that are currently blocked by postal workers in a wider labour conflict, a court official said on Tuesday. The U.S. electric vehicle maker headed by billionaire Elon Musk is at the centre of …

Tesla seeks Sweden court order in protracted labour union conflict Read More »

(Reuters) -Thames Water’s lower-ranked creditors on Tuesday filed an objection to the struggling utility company’s proposed restructuring plan and sent a letter outlining an alternative. The British firm, burdened with 17 billion pounds ($21.33 billion) of debt, has been struggling to get an equity raise approved to extend its liquidity runway and dodge a renationalisation. …

Thames Water’s lower-ranked creditors oppose restructuring plan, float their own Read More »

By Nikhil Sharma, Shashwat Chauhan and Pranav Kashyap (Reuters) -European shares closed higher on Tuesday, buoyed by gains in the energy sector, while investors digested a slew of economic data that painted a mixed picture of the region’s economic health. Europe’s premier index closed up 0.3% at 513.08 points, a level not seen in three …

Energy surge fuels European market gains amid mixed economic data Read More »

(Reuters) -The UK’s FTSE 100 slipped on Tuesday as declines in banking stocks offset gains in energy shares, and the market awaited economic data from around the globe to gauge the monetary policy outlook. The exporter-heavy FTSE 100 slipped 0.1%, while the domestically focused FTSE 250 dropped 1.3% to a one-week low. Wall Street also …

FTSE 100 dips with focus on rate outlook as yields rise Read More »

By Susanna Twidale LONDON (Reuters) – Wind power was Britain’s largest source of electricity in 2024, topping gas-fired power plants for the first time, data showed on Tuesday. Britain has almost 15 gigawatts (GW) of installed offshore wind power and aims to quadruple that to 60 GW by 2030 as part of plans to largely …

Wind Britain’s top electricity source in 2024 Read More »

By David Milliken LONDON (Reuters) -Britain’s long-term government borrowing costs hit their highest since 1998 on Tuesday, adding to the problems facing finance minister Rachel Reeves who plans to borrow hundreds of billions of pounds to fund higher public investment and spending. Long-term borrowing costs around the world have risen following the COVID-19 pandemic and …

UK 30-year borrowing costs rise to highest since 1998 Read More »