By Sinead Cruise, Lawrence White LONDON (Reuters) -HSBC’s history-making new chief financial officer Pam Kaur is a battle-hardened risk and audit veteran who credits her success to the “Power of Chi”. The first woman to occupy the role in the bank’s 160-year history, she has observed at close quarters the challenges HSBC faces under new …
HSBC’s Pam Kaur smashes glass ceiling in major overhaul Read More »
FLORENCE, Italy (Reuters) – The head of Italy’s banking association ABI on Wednesday called for the European Central Bank to be the sole decision-maker over transactions in the industry, saying interfering with its independence to block one deal would be a mistake. Comments by ABI President Antonio Patuelli come as UniCredit faces stark opposition in …
Italy’s ABI head says meddling with ECB’s role over M&A lethal for banking union Read More »
OSLO (Reuters) -Norway’s Equinor said on Wednesday it was preparing to survey the damage at its Sleipner B gas platform in the North Sea, which was shut late on Monday following a smoke alert in an electrical facility. Equinor continued on Wednesday to uphold its gas supply commitments to Europe by pumping more from other …
COLOGNE (Reuters) – Cologne’s higher regional court on Wednesday ruled against Deutsche Bank in a litigation case against Postbank, the latest in a long-running dispute over its takeover of the smaller lender. For years, lawsuits claiming Deutsche Bank had underpaid former shareholders for the Postbank acquisition surfaced in the courts. These shareholders claimed they were …
German court rules against Deutsche Bank in Postbank litigation case Read More »
By Aby Jose Koilparambil (Reuters) – British homebuilder Barratt Redrow said on Wednesday it was beginning to see more stable market conditions with increased mortgage affordability, signalling improved sentiment in the UK’s housing sector. Shares in the FTSE 100 company rose as much as 3.8% in morning trade. British homebuilders have been cautiously optimistic as easing …
UK’s Barratt Redrow sees stable housing market with better mortgage availability Read More »
By Richa Naidu LONDON (Reuters) -Reckitt reported a smaller than expected fall in third-quarter underlying sales on Wednesday, helped by more shoppers buying its health products, which include Nurofen painkillers and Strepsils lozenges. Shares in the consumer goods group rose more than 3% in morning trading, with signs of improving volumes welcomed by investors after …
Healthcare helps Reckitt beat quarterly sales estimates Read More »
By Forrest Crellin PARIS (Reuters) – France has enough gas to handle an extremely cold winter, helped by imports from other European countries, though demand saving measures are still recommended for residential consumers, gas grid operators GRTgaz and Terega said on Wednesday. Warmer than average winters and demand reduction measures helped France to withstand the …
French gas supplies sufficient for cold winter, say grid operators Read More »
By Muvija M LONDON (Reuters) – The British government is closely monitoring struggling water supplier Thames Water and is ready to take action if needed, environment minister Steve Reed said on Wednesday, although he ruled out renationalisation of the sector as a whole. Thames Water, which has warned that it could run out of funds …
UK ‘closely monitoring’ Thames Water, ready to act, says minister Read More »
By Olivier Cherfan (Reuters) -French industrial gases supplier Air Liquide reported third-quarter revenue in line with market expectations and confirmed its full-year targets on Wednesday, benefiting from growth in its healthcare division, the Americas and Asia. Air Liquide reaffirmed its expectations of a further increase in its operating margin and a recurring net profit growth …
Air Liquide confirms full-year targets after in-line quarter Read More »
By Sinead Cruise and Lawrence White LONDON (Reuters) -Lloyds Banking Group shrugged off fears of a bank tax hike in the UK budget next week, with CFO William Chalmers saying Britain’s biggest mortgage lender would play its role in helping the country prosper, “whatever the tax environment”. Chalmers, speaking to reporters following the bank’s third-quarter …
Lloyds downplays bank tax fears as profits hold steady Read More »
