Reuters UK Business

By Sinead Cruise LONDON (Reuters) – The Financial Conduct Authority has outlined proposals for a new platform to enable trading in shares of privately-owned firms under plans to invigorate Britain’s lacklustre capital markets and encourage investment. The watchdog said the Private Intermittent Securities and Capital Exchange System, known as PISCES, could help burgeoning companies tap …

Britain eyes capital markets revival via private shares platform Read More »

ROME (Reuters) – Italy is ready to talk to the incoming U.S. administration of Donald Trump to avoid potential retaliation against Rome’s domestic web tax, Deputy Economy Minister Maurizio Leo said on Tuesday. Washington has recently renewed calls for Italy to repeal the levy, which it considers unfairly discriminatory as it mainly targets U.S. tech …

Italy ready to talk to Trump to avoid US retaliation over web tax Read More »

(Reuters) – Italy’s Fincantieri and Telecom Italia’s submarine cables unit Sparkle said on Tuesday they agreed to develop solutions for the surveillance and protection of submarine telecommunications cables. The deal aims to ensure the operational resilience of infrastructure which is considered key for Italy’s connectivity and growth in the technological sector, the companies said in …

Fincantieri and Telecom Italia’s Sparkle join forces for submarine cable protection Read More »

By Tom Sims FRANKFURT (Reuters) – A key indicator of the health of Germany’s property sector likely improved in 2024 and will make further gains next year, but will remain close to the weakest levels in more than a decade, underscoring the sector’s struggles, forecasts on Tuesday showed. Global real estate firm Jones Lang LaSalle …

German real estate deals seen edging up, but close to decade lows Read More »

By Johann M Cherian (Reuters) – Greek stocks are fast becoming a popular option for investors, with some expecting an upgrade to coveted developed-market status next year, as the economy outpaces its euro zone peers and bank stocks roar ahead.  The Athens General Stocks Index has risen 13.1% so far in 2024, building on a …

Greek stocks find love as turnaround efforts pay off Read More »

By Amanda Cooper LONDON (Reuters) – The pound rose on Tuesday, supported by data that showed UK wage growth picked up more than expected in the three months to October, which in turn raises the chances that the Bank of England will not rush to cut rates next year. Average weekly earnings, excluding bonuses, were …

Sterling gets a lift from hotter UK wage growth Read More »

OSLO (Reuters) – Norway’s Equinor and partners have agreed to join two planned offshore wind projects in Britain into one legal entity, in a move it said would be more cost-effective and help to minimise the environmental impact. The projects are extensions to the operational Sheringham Shoal and Dudgeon Offshore Wind Farms, which currently power …

Equinor, partners combine two planned UK offshore wind projects Read More »