Reuters UK Business

By Alban Kacher (Reuters) -Fnac Darty on Friday presented the preliminary results of its tender offer for Italian consumer electronics distributor Unieuro <UNIR.MI>, saying it would aim to acquire an additional 67.1% stake in the company, building on the 4.4% it already owns. “We are very pleased to announce that we have received the support …

France’s Fnac to reach 71.5% stake in Unieuro Read More »

By Jesús Aguado MADRID (Reuters) -Spain’s Santander has started a round of job cuts at its British unit as part of the lender’s plans to save costs in a competitive banking environment in the United Kingdom, a person familiar with the matter said on Friday. The savings were focused on the Spanish bank’s regional headquarters, …

Santander starts cutting jobs in the UK, source says Read More »

By Sarah Young and Andres Gonzalez LONDON (Reuters) – Thames Water, Britain’s biggest water supplier, has lined up a financing lifeline of up to 3 billion pounds ($3.9 billion) to ensure its survival over the next year and beyond. Here are some facts on what is known about its new lifeline: WHY DOES THAMES WATER …

Factbox-Thames Water gains time for restructuring with 3 billion stg lifeline Read More »

WASHINGTON (Reuters) – European Central Bank President Christine Lagarde has invited European Commission President Ursula von der Leyen to speak to policymakers in January in what could become a more regular part of the central bank’s outreach programme, sources said. Von der Leyen will speak to ECB governors and possibly selected staff the evening before …

ECB invites EU Commission chief to speak in effort to improve dialogue, sources say Read More »

By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -Europe’s main stock index closed Friday’s choppy session flat and notched weekly losses, as a handful of weak corporate earnings from auto-related companies such as Mercedes-Benz and Valeo and appliances-maker Electrolux dented investor sentiment. The pan-European STOXX 600 closed flat for the second straight day …

European shares end week in the red as earnings disappoint Read More »

By Matteo Allievi (Reuters) – Spanish glass bottle maker Vidrala said on Friday it does not expect substantial growth in European markets amid a weakening economy, even as it sees demand stabilising in the short term. European glass makers have been facing a slower-than-expected demand recovery after consumers tightened their belts for more than a …

Vidrala remains cautious on Europe growth despite stable demand Read More »

By Ankika Biswas (Reuters) – London’s blue-chip stock index slipped on Friday as investors assessed a mixed bag of corporate earnings ahead of a highly awaited first budget from the country’s new government next week. The FTSE 100 was down 0.3%, while the domestically focused mid-cap FTSE 250 edged up 0.1%. Both the indexes recorded …

FTSE indexes post weekly losses on mixed earnings, budget angst Read More »