Reuters UK Business

By Huw Jones LONDON (Reuters) -Bank of England Governor Andrew Bailey warned banks and other regulated financial firms on Monday that they should be “especially cautious” about holding volatile cryptoassets until regulators put new rules in place. Bailey, speaking at a news conference, said future rules for cryptoassets – the BoE’s preferred term for financial …

BoE’s Bailey tells banks to be ‘especially cautious’ with crypto Read More »

By David Milliken and Huw Jones LONDON (Reuters) -The Bank of England wants to scrap a rule that mortgage borrowers must be able to afford an interest rate increase of 3 percentage points, it said on Monday, a move lenders said could help homebuyers. The British central bank said its requirement for most mortgages to …

BoE seeks to scrap interest rate check for mortgage borrowers Read More »

By Nuzulack Dausen DAR ES SALAAM (Reuters) -Australia’s Strandline Resources, Black Rock Mining and Orecorp on Monday signed framework agreements with the government of Tanzania, a step towards the development of their mineral sands, graphite, and gold projects. Details of the agreements were not immediately available. Tanzania’s new government, under President Samia Suluhu Hassan, has …

Junior miners Strandline, Black Rock, OreCorp sign agreements with Tanzania Read More »

By Iain Withers LONDON (Reuters) -NatWest has been fined 265 million pounds ($350.9 million) for failing to prevent the laundering of nearly 400 million pounds, in the first criminal money laundering case against a British bank. A gang deposited hundreds of millions of pounds in cash at around 50 branches of NatWest, prosecutors for Britain’s …

Bin bags of cash: NatWest fined for dirty money breaches Read More »

(Reuters) -Africa-focused Savannah Energy said on Monday it would buy the upstream and midstream assets in Chad and Cameroon of Exxon Mobil Corp and Petronas for a combined $626 million as it expands operations in the continent. Dealmaking in the energy sector has gathered steam as oil and gas firms trim their portfolios to focus …

UK’s Savannah Energy clinches $626 million Africa deals with Exxon Mobil, Petronas Read More »

PARIS (Reuters) -French carmaker Renault looks set to win union backing for a three-year plan including 1,700 job cuts, sources at three union groups said on Monday. Though the CGT labour group has yet to express its opinion on the agreement, which is due to be signed on Tuesday, the backing of the CFE-CGC, CFDT …

Renault and unions to sign three-year deal, union sources say Read More »

By Bansari Mayur Kamdar and Amal S (Reuters) -London’s FTSE 100 ended lower on Monday, weighed by energy and financial shares, while reports of the first death in Britain due to the Omicron coronavirus variant added to worries over the impact of tighter restrictions on year-end spending and economic activity. After rising as much as …

Energy, bank stocks drag London’s FTSE 100; Omicron fears weigh Read More »

By Kate Holton LONDON (Reuters) -Virgin Atlantic has raised 400 million pounds ($530 million) in fresh funding from shareholders Virgin Group and Delta Air Lines as a new bout of gloom descends on the aviation sector. Founded by Richard Branson in 1984, Virgin Atlantic has been particularly hard hit during the COVID-19 crisis after business …

Branson leads $530 million funding round for Virgin Atlantic Read More »