Reuters UK Business

By Chandini Monnappa LONDON (Reuters) -London Stock Exchange Group said on Thursday that its income rose a better-than-expected 9.5% in the third quarter after strong growth in its capital markets business, sending its shares to a record high. LSEG’s total income, excluding recoveries, came in at 2.12 billion pounds ($2.74 billion) in the three months …

LSEG’s third-quarter income tops forecasts, shares hit record Read More »

By Marleen Kaesebier (Reuters) -International shipping company Hapag-Lloyd raised its full-year earnings guidance on Thursday citing stronger-than-expected demand and higher freight rates. Despite increased expenses from the diversion of vessels around the Cape of Good Hope, Hapag-Lloyd says it now expects earnings before interest, taxes, depreciation, and amortisation (EBITDA) for 2024 of between $4.6 billion …

Hapag-Lloyd raises outlook on stronger-than-expected demand Read More »

By John Revill and Oliver Hirt ZURICH (Reuters) – The Swiss Bankers Association on Thursday criticised government plans for tougher capital requirements on UBS following the 2023 collapse of Credit Suisse, saying the measures could hurt the competitiveness of the country’s financial sector. The Swiss government in April laid out plans for stricter capital requirements …

Swiss bankers flag concerns over plans for tougher capital rules Read More »

ROME (Reuters) – Italian lawmakers are pressing ahead with plans to cap the fee meal voucher issuers can charge to merchants at 5% of their face value, a parliamentary document released on Thursday showed, dragging down shares of French group Edenred. The document, dated Oct. 23, followed a separate draft document saying the proposal promoted …

Italian lawmakers press ahead with plans for cap on meal vouchers Read More »

By Anousha Sakoui LONDON (Reuters) -A group of Thames Water creditors have proposed an alternative liquidity package of up to 3 billion pounds ($3.89 billion) to give the British utility more time to seek a restructuring of its debt, according to sources with knowledge of the matter. The group, comprising investors with hundreds of millions …

Exclusive-Thames Water creditors offer company alternative financial lifeline, sources say Read More »

FRANKFURT (Reuters) -German wages are continuing to grow briskly despite a shrinking economy as workers regain more of the purchasing power they lost to high inflation, the country’s central bank said on Thursday. The German economy, Europe’s largest, has barely grown in two years, hit by a surge in energy costs following Russia’s invasion of …

German wage catch-up continues even as economy shrinks, Bundesbank says Read More »