By Lawrence White LONDON (Reuters) – Marieke Flament, chief executive of NatWest’s digital bank for businesses, is leaving after two and a half years to join Swiss-based blockchain foundation NEAR as CEO, she told Reuters. The non-profit NEAR oversees the governance and development of its blockchain of the same name, which it says makes it …
NatWest digital business bank CEO leaves for blockchain group NEAR Read More »
(Reuters) -Iberia-owner IAG and Air Europa are looking at alternative ways to work together, with a deadline set for the end of January, after they cancelled a takeover deal more than a year after it was struck. IAG, which also owns British Airways, said on Thursday it would pay 75 million euros ($85 million) to …
IAG and Air Europa cancel deal, examine alternative options Read More »
(Reuters) -Gilt yields jumped, the pound rallied and British bank stocks surged on Thursday after the Bank of England unexpectedly raised its policy rate by 15 basis points as inflation pressures mounted in Britain. The BoE becomes the world’s first major central bank to raise borrowing costs since the coronavirus pandemic as it expects inflation …
BoE stunner sends gilt yields to its biggest daily rise in a month; pound jumps Read More »
By Chavi Mehta (Reuters) -IT consulting firm Accenture Plc forecast better-than-expected second-quarter revenue on Thursday, as more clients seek its cloud and security services, sending its shares up more than 10% in premarket trade. Client spending, which rebounded last fiscal year to pre-pandemic levels due to a shift to hybrid working models, has stayed strong …
Accenture revenue forecast tops estimates on cloud, security services demand Read More »
LONDON (Reuters) – The United Kingdom Debt Management Office said it would raise the interest rate on its standing repo facility, which allows primary dealers to borrow government bonds, after the Bank of England raised its main interest rate. The DMO said that the floor rate for the facility would rise to 0% from minus …
UK DMO raises rates on repo facility after BoE hike Read More »
By Matthias Inverardi and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -The German energy regulator’s eagerly-awaited decision on fully certifying the Nord Stream 2 gas pipeline won’t come in the first half of next year, it said on Thursday, in a setback for the Russian project that has sparked global political tensions. “There will be no decisions in …
Nord Stream 2 won’t go live in first half of 2022, German regulator warns Read More »
By Jamie Freed and Tim Hepher SYDNEY (Reuters) -Qantas Airways on Thursday picked Airbus as the preferred supplier to replace its domestic fleet, switching from Boeing in a major win for the European planemaker that also triggered an upheaval in engine supplies. The Australian national airline said it had committed to buying 20 Airbus A321XLR …
Qantas switches domestic fleet to Airbus in blow to Boeing Read More »
By Dhara Ranasinghe LONDON (Reuters) – A rate hike by the Bank of England caught bond markets by surprise on Thursday, pushing up yields across the euro area just before the European Central Bank was expected to dial back stimulus but pledge to keep borrowing costs low. The BoE lifted its key rate by 25 …
Euro area bonds yields rise before ECB as BoE hikes rates Read More »
MADRID (Reuters) – Britain’s Vodafone and France’s Orange are keen to play a role in any consolidation of Spain’s highly competitive telecom sector, local chief executives for the two companies said on Thursday. Vodafone’s local CEO Colman Deegan said lower competition would help operators build the financial muscle to roll out 5G technology. “At Vodafone, …
Vodafone, Orange keen for telecoms consolidation in Spain, local CEOs say Read More »
(Adds TIM comment on CEO search, paragraphs 4-5) By Agnieszka Flak and Gwénaëlle Barzic MILAN (Reuters) -Telecom Italia’s (TIM) top investor Vivendi is considering pushing for a board reshuffle at the Italian phone group in an attempt to oust former CEO Luigi Gubitosi, according to four people familiar with the matter. The boardroom battle comes …
Telecom Italia investor Vivendi considers seeking board revamp -sources Read More »
