Reuters UK Business

OSLO (Reuters) – Norway’s Financial Supervisory Authority (FSA) said on Friday it had issued a fine to brokerage Fearnley Securities AS of 25 million Norwegian crowns ($2.26 million) for improper handling of insider information. The FSA said the brokerage had provided inside information to investors in connection with three different capital market transactions in violation …

Norwegian watchdog fines broker Fearnley Securities $2.3 million Read More »

(Reuters) -Britain’s FTSE 100 logged its steepest one-day fall in three weeks on Friday, led by losses in precious metals and mining and utilities, while Direct Line jumped after Aviva agreed to buy the insurer, lifting the mid-cap index. The blue-chip FTSE 100 ended down 0.5%, while the midcap FTSE 250 was up 0.3%. Both …

FTSE 100 logs worst day in over three weeks Read More »

By Sarah McFarlane, David French and Ron Bousso LONDON/NEW YORK (Reuters) – BP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said. The British energy company could raise up to $3 billion from the sale, two of the people said, with one of …

Exclusive-BP seeks buyers for US natural gas pipeline system stake, sources say Read More »

By Joao Manuel Vicente Mauricio and Johann M Cherian (Reuters) -European shares eked out gains on Friday, with French stocks logging their biggest daily rise in three weeks as investors factored in a potential budget despite ongoing political uncertainty, while also parsing an upbeat U.S. jobs report. The pan-European STOXX 600 was up 0.1%, logging …

STOXX closes up; French stocks outperform on expectations of new budget Read More »

By Stefania Spezzati LONDON (Reuters) – The UK’s Financial Conduct Authority is scrutinising allegations that some former Credit Suisse employees shared confidential information over the WhatsApp messaging platform, documents seen by Reuters show. The FCA, which regulates financial firms in the United Kingdom, is reviewing the conduct of several Credit Suisse staff in its roughly …

Exclusive-WhatsApp use by Credit Suisse staff scrutinised by UK regulator, documents show Read More »

(Reuters) – Stellantis is recalling 317,630 vehicles in the U.S. due to a problem with the hydraulic control unit that may cause systems including the anti-lock brake to fail, the U.S. auto safety regulator said on Friday. The recall includes Ram 2500 Pickup and Ram 3500 Pickup trucks from 2017 to 2018 model years. (Reporting …

Stellantis recalls over 300,000 U.S. vehicles due to issues with hydraulic control Read More »

MILAN (Reuters) -Italian bank Banco BPM is preparing to hire Citigroup and Lazard to advise over how to confront a takeover bid by rival UniCredit which has thwarted its growth strategy, three people close to the matter said. Banco BPM, Citi and Lazard all declined to comment. Banco BPM has rebuffed UniCredit’s 10.1 billion euro …

Banco BPM poised to name Citi, Lazard to advise on UniCredit defence, sources say Read More »