By Stefano Rebaudo (Reuters) – Sterling was pinned near 2021 lows against the U.S. dollar while it drifted higher against the euro on Tuesday thanks to a broadly sturdy greenback and growing expectations that the Bank of England will keep interest rates unchanged next week. In a research note late on Monday, JP Morgan said …
Sterling remains near 2021 lows with rate hike bets in doubt Read More »
By Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank should focus its stimulus effort on a legacy Asset Purchase Programme when emergency support expires in March but must keep its commitment short as inflation could exceed expectations, ECB policymaker Peter Kazimir said on Tuesday. With a crucial policy meeting coming up on Dec. 16, …
ECB should keep policy commitment short, focus on APP – Kazimir Read More »
(Reuters) -Britain’s antitrust watchdog said the merger of French waste and water management groups Veolia and Suez could lessen competition and mean higher bills for councils in the UK. Veolia and Suez are two of only a small number of suppliers in Britain that are able to service the largest waste management contracts, the Competition …
Watchdog fears Veolia-Suez could harm competition in UK Read More »
PARIS (Reuters) – French utility Veolia said on Tuesday it remained convinced its plan to merge with rival Suez would not jeopardize healthy competition in Britain, reacting to concerns expressed earlier by Britain’s Competition and Markets Authority (CMA). Britain’s antitrust watchdog has found the nearly 13 billion euro ($14.68 billion) merger of French waste and …
Veolia says will provide Britain’s CMA a “set of remedies” on Suez deal Read More »
FRANKFURT (Reuters) -British fund manager Premier Miton had net inflows of 830 million pounds ($1.10 billion) for the year ending in September and will propose a total dividend hike of 43% to 10 pence for the year, the company said on Tuesday. Last month, British fund manager River and Mercantile Group said it had received …
Asset manager Premier Miton sees strong inflows, hikes dividend Read More »
BERLIN (Reuters) – BMW has sold its one millionth electric vehicle (EV) – including purely electric and hybrid vehicles – and plans to reach two million sales of purely electric vehicles by 2025, the German carmaker said on Tuesday. Around 70% of EVs sold so far were hybrids, board member Pieter Nota said in a …
BMW hits 1 million EV sales, targets 2 million fully electric sales by 2025 Read More »
By Paresh Dave (Reuters) – EU’s antitrust regulator is taking a deeper look into Microsoft Corp’s $16 billion deal for transcription technology company Nuance Communications Inc, asking customers and competitors to draw up a list of concerns, according to a questionnaire from last month seen by Reuters. The previously unreported outreach is the most extensive …
Exclusive: EU antitrust regulator seeks input on Microsoft’s $16 billion Nuance deal Read More »
FRANKFURT (Reuters) -Euro zone banks face rising credit risk as pandemic-related public support measures are withdrawn and may be overly complacent about valuation risks in the hunt for yields, European Central Bank supervisor Andrea Enria said on Tuesday. Euro zone governments kept the euro zone economy afloat with lavish guarantees and subsidies, a big boost …
Euro zone banks complacent to rising risks: ECB’s Enria Read More »
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog set out plans on Tuesday for a “reset” in consumer protection that puts the onus on firms to prove good outcomes for customers, after a string of mis-selling scandals going back decades. The Financial Conduct Authority, slammed for its botched handling of collapsed investment fund London …
Britain’s financial watchdog proposes ‘reset’ in consumer protection Read More »
By Siddharth Cavale (Reuters) -British American Tobacco said it sees 2021 as a “pivotal year” as it backed its full-year profit and sales forecasts on Tuesday buoyed by strong demand for its “new categories” products. Its shares, down 3% this year, rose 1.75% to 2,671 pence in morning trading after the FTSE-listed company also flagged …
BAT sticks to forecast as demand for tobacco alternatives rises Read More »
