Reuters UK Business Archives - Page 1574 of 1611

UK trade body recommends removal of some measures on biodiesel imports

15 Dec 2021 15 Dec 2021

LONDON (Reuters) – Britain’s new post-Brexit trade authority said on Wednesday it was proposing that measures on some imports of biodiesel should be removed. “In its initial findings, the UK’s Trade Remedies Authority has today proposed that existing measures on imports of FAME biodiesel are kept, but that measures on imports of HVO biodiesel are …

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UK investors ramp up bets on BoE rate rise after inflation shock

15 Dec 2021 15 Dec 2021

LONDON (Reuters) – Investors sharply increased their bets that the Bank of England is about to raise interest rates for the first time since the COVID-19 pandemic, after inflation data came in far higher than forecast on Wednesday. Interest rate futures showed a 66% chance that the BoE will raise Bank Rate to 0.25% from …

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EU to allow joint gas buying, plots low-carbon gas shift

15 Dec 2021 15 Dec 2021

By Kate Abnett BRUSSELS (Reuters) – The European Commission on Wednesday proposed rules allowing EU countries to jointly buy strategic reserves of gas, under plans that would also bolster gas storage and aim to add more low-carbon gases to the network. European Union countries including Spain, Greece and Romania have called for joint gas buying, …

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IAG assessing alternative options for Air Europa deal, CEO says

15 Dec 2021 15 Dec 2021

LONDON (Reuters) – Iberia owner IAG is working to see if it can strike an alternative way to acquire Air Europa, its chief executive said on Wednesday, hours after the group said it would cancel the amended deal agreed in January. Speaking at the online Capa Live conference, Luis Gallego said the impact of the …

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Italy’s Draghi hints at contribution from energy firms to curbing prices

15 Dec 2021 15 Dec 2021

ROME (Reuters) – Italian Prime Minister Mario Draghi said on Wednesday that energy companies that have made profits may have to contribute to efforts to curb increases in bills for households and companies. With international energy prices continuing to rise, Draghi told parliament the government was ready to provide more funds if necessary to limit …

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Softbank’s Fortress to buy UK-based Punch Pubs, explore similar deals

15 Dec 2021 15 Dec 2021

(Reuters) -Softbank-owned Fortress Investment Group will acquire UK-based Punch Pubs & Co for an undisclosed amount, the asset management firm said on Wednesday, as it bets on the sector and the country’s “extremely attractive” investment environment. Sky News reported last month Fortress was in talks to purchase Punch, which operates about 1,300 pubs in the …

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Britain’s M&S links $1.1 billion financing to net zero target

15 Dec 2021 15 Dec 2021

LONDON (Reuters) – British retailer Marks & Spencer has agreed a new 850 million pound ($1.13 billion) revolving credit facility that is linked to delivery of its net zero targets, it said on Wednesday. In September, M&S pledged to become net zero in carbon emissions across its own operations, its entire supply chain and its …

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Bank of England tells banks to preserve access to cash

15 Dec 2021 15 Dec 2021

By Huw Jones LONDON (Reuters) -The Bank of England has told top banks to spell out by March how they will keep enough cash in circulation as COVID-19 accelerates its decline, saying it won’t create a new body for distributing notes and coins. Access to cash has become a politically sensitive issue as banks shut …

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Ofgem to stress-test energy suppliers after string of bankruptcies

15 Dec 2021 15 Dec 2021

(Reuters) -British energy regulator Ofgem has set out measures to boost the financial resilience of suppliers, including stress tests and a review of its policy on price caps, after a string of bankruptcies triggered by soaring gas prices. Ofgem’s role has come under scrutiny after more than 20 British suppliers went bust over the past …

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Soccer-Barclays extend WSL sponsorship in record deal for UK women’s sport

15 Dec 2021 15 Dec 2021

(Reuters) – Barclays has signed a new three-year deal to sponsor the Women’s Super League (WSL) and Championship as part of a record investment for women’s sport in Britain, England’s Football Association (FA) said on Wednesday. Banking group Barclays will invest more than 30 million pounds ($39.84 million) in women’s and girls’ football from 2022 …

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