OSLO (Reuters) -Swedish real estate group SBB will have greater flexibility to divest property and to reduce its overall debt after completing a bond exchange offer on Wednesday, the company’s CEO told Reuters. The group said bondholders had agreed to an exchange of debt valued at 2.78 billion euros ($2.92 billion) in return for new …
Sweden’s SBB exchanges $2.9 billion debt, eyes lower leverage Read More »
(This Nov. 1 story has been corrected to change the figure to 911 billion, not 911 million, in the headline and paragraph 1) LONDON (Reuters) – An Australian computer scientist who claimed he invented bitcoin was on Friday accused of contempt of court after he filed a 911 billion-pound ($1.18 trillion) lawsuit against Twitter founder …
(Reuters) – Britain’s competition regulator said on Wednesday that Direct Line breached an order by erroneously adding a ‘No Claims Bonus Protection’ add-on to customers’ policies without their permission. The British insurer, currently a takeover target of bigger rival Aviva, failed to provide at least 320 customers with the No Claims Bonus Protection information between …
UK watchdog says Direct Line breached rules over insurance add-on Read More »
LONDON (Reuters) – British house prices are set to grow by up to 3% next year as property remains in short supply across much of the country and new home building has been weak, mortgage lender Halifax predicted on Wednesday. “The uneven availability of properties for sale across the country, relative to demand … continues …
UK house prices to grow by up to 3% in 2025, Halifax says Read More »
(Reuters) -Italian banks have started to disclose the minimum best-quality capital requirements for 2025 set by the European Central Bank under its Supervisory Review and Evaluation Process (SREP). The SREP process provides an overall assessment of the challenges that significant lenders face, resulting in solvency requirements and other supervisory measures they are expected to comply …
Factbox-ECB sets 2025 SREP requirements for Italian banks Read More »
STOCKHOLM (Reuters) – The Swedish government on Wednesday cut its forecast for economic growth in 2025 to 2.0% from 2.5% seen previously and said it looked like the economy would be weak for some time. GDP growth for 2024 was meanwhile seen at 0.6%, down from 0.8% seen in September, the finance ministry projections showed. …
LONDON (Reuters) -The average rent for residential properties in England rose at their fastest annual pace on record, according to official figures on Wednesday that also showed an increase in house prices. Private sector rents in England rose by 9.3% to an average of 1,362 pounds ($1,727.97) in the 12 months to November, the strongest …
Rent in England hits record high in 12 months to November, ONS says Read More »
FRANKFURT (Reuters) – German utility industry group BDEW on Wednesday reported annual national usage of natural gas rose 3.3% in 2024 to 835 billion kilowatt hours (kWh). The figure is watched in the context of Germany’s growing reliance on gas imports via intra-European pipelines other than from Russia, which were halted in the Ukraine war, …
German 2024 gas consumption up 3.3%, industry group says Read More »
By Alban Kacher (Reuters) – Colruyt has halted some of its orders from JDE Peet’s after the Dutch coffee company asked for further price hikes for its products due to the global rise in coffee prices, the Belgian supermarket chain said on Wednesday. The decision comes in connection with Colruyt’s yearly negotiation round with its …
Supermarket chain Colruyt partly halts orders from JDE Peet’s over price dispute Read More »
LONDON (Reuters) – British Prime Minister Keir Starmer reiterated on Wednesday his Labour government’s plan to increase defence spending to 2.5% of gross domestic product (GDP), after NATO called on members to boost spending to meet threats from Russia. In an interview with LBC radio, Starmer was asked whether Britain would be willing to increase …
UK’s Starmer confirms plan to boost defence spending to 2.5% of GDP Read More »
