Reuters UK Business

By Ankika Biswas and Pranav Kashyap (Reuters) -Europe’s main stock index notched its biggest one-day gain in five weeks on Friday, as banks led an overall market rebound after recent declines, with investors assessing economic data, corporate earnings and the upcoming U.S. elections. The pan-European STOXX 600 index closed 1.1% higher, after losing nearly 3% …

Europe’s STOXX 600 jumps 1% as banks lead market rebound, US election in focus Read More »

By Sruthi Shankar and Nikhil Sharma (Reuters) -The UK’s FTSE 100 rebounded on Friday from near three-month lows touched in the prior session, as gains in Reckitt Benckiser helped offset concerns about inflation sparked by the first Labour government budget in 14 years. The blue-chip FTSE 100 rose 0.8% by 1632 GMT, with Reckitt surging …

FTSE 100 rebounds on Reckitt boost but logs weekly decline Read More »

By Yoruk Bahceli, Amanda Cooper and Harry Robertson LONDON (Reuters) -Shorter-term British government borrowing costs headed for their biggest weekly jump in over a year on Friday, while the pound was set for its biggest weekly loss against the euro in three months as Labour’s tax-and-spend budget raised inflation expectations. Two-year gilt yields, which led …

UK gilts face worst week in months as budget rattles investors Read More »

By Yadarisa Shabong (Reuters) – Britain’s competition watchdog said on Friday the acquisition of Wincanton by U.S.-based warehousing firm GXO Logistics, for 762 million pounds ($983.97 million), could reduce competition and raise prices for customers. The Competition and Markets Authority said GXO and Wincanton compete closely, particularly for contracts with large retail customers, and the …

UK watchdog finds competition concerns in GXO Logistics-Wincanton deal Read More »

By Anastasia Lyrchikova MOSCOW (Reuters) -Aluminium giant Rusal has added fresh claims to its legal dispute against Russian billionaire Vladimir Potanin, CEO and largest shareholder of metals producer Nornickel, court documents seen by Reuters showed. The new claims allege that the creation of digital exchange platform Atomyze and launch of an employee incentive scheme by …

Russia’s Rusal raises bar in Nornickel dispute with fresh claims against Potanin Read More »

By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) – European asset manager Aermont Capital has submitted the highest binding offer for Spanish data centre operator Nabiax, two people familiar with the matter told Reuters. Shareholder Asterion Industrial Partners and telecoms operator Telefonica received binding offers this week as part of an ongoing sale process, said …

Aermont submits highest offer for data centre operator Nabiax, sources say Read More »

ZURICH (Reuters) – Siemens has the financial muscle for further software acquisitions after its $10.6 billion purchase of U.S. industrial software company Altair, managing board member Cedrik Neike said. “This was definitely not the last acquisition we make in the area of software,” Neike told German newspaper Handelsblatt in an interview published on Friday. “We …

Siemens can make more acquisitions after Altair deal, exec tells paper Read More »

By Lawrence White and Sinead Cruise LONDON (Reuters) – Britain’s big global lenders HSBC, Barclays and Standard Chartered are vying to tap into a boom in U.S. commercial banking as corporate America seeks expertise for international expansion plans. At stake is a growing pool of U.S. commercial banking revenues, which reached $429 billion in 2023 …

HSBC, Barclays and StanChart jostle for US banking riches, unruffled by White House race Read More »