Reuters UK Business

(Reuters) – British energy ministers have asked the National Energy System Operator (NESO) to produce a blueprint for developing the country’s energy infrastructure to 2050 in order to provide investment stability and cost reductions, the government said. The first ever strategic spatial plan for energy will set out the locations for new energy infrastructure, which …

Britain’s grid operator asked to provide energy infrastructure plan Read More »

By David Milliken WASHINGTON (Reuters) -A sharp fall in British consumer price inflation in September was driven by more volatile components, Bank of England rate-setter member Megan Greene said on Tuesday, a day after she said she favoured a gradual approach to cutting interest rates. Consumer price inflation fell to a three-year low of 1.7% …

Bank of England’s Greene plays down sharp drop in September inflation Read More »

By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European stocks slipped on Tuesday, as investors navigated geopolitical and global interest-rate cut uncertainties, while German company SAP’s strong outlook boosted tech stocks and helped cushion some losses. The pan-European STOXX 600 index closed 0.2% lower, paring early losses that saw the index hit a …

European shares sag, SAP boosts tech stocks after forecast raise Read More »

By Gianluca Lo Nostro (Reuters) -French media group Vivendi reported a 4.5% rise in its nine-month revenues on Tuesday, mostly driven by the growth of its Lagardere and Canal+ businesses. WHY IT’S IMPORTANT Unhappy with a high conglomerate discount that has weighed on the stock’s performance for years, Vivendi is pushing for a split that …

Vivendi reports 9-month revenue up 4.5% on Lagardere and Canal+ growth Read More »

By Hakan Ersen FRANKFURT (Reuters) -Shares in SAP were up 5% at market open on Tuesday, hitting an all-time high of 221 euros ($239.21) after the German software company raised its full-year targets on a strong cloud business in the third quarter. Cloud revenue grew 27%, adjusted for currency effects, to 4.35 billion euros ($4.71 …

SAP shares hit all-time high after upbeat cloud business outlook Read More »

CHICAGO (Reuters) – GE Aerospace CEO Larry Culp said the company is working to ramp up production to keep up with demand for LEAP engines, which power Airbus and Boeing narrowbody aircraft. The comments came after the company forecast a double-digit decline in LEAP jet engine deliveries this year due to supply constraints. “We have …

GE Aerospace working to keep up with LEAP engine demand, says CEO Read More »

By Michael S. Derby NEW YORK (Reuters) – The Bank of England needs to improve the ways it is able to track developments in the non-banking system, which is less transparent relative to the banking system, Bank of England Governor Andrew Bailey said on Tuesday. “We are going to reach a point and we are …

BoE’s Bailey says tools need to improve to surveil non-banks Read More »

By Selena Li, Lawrence White and Sinead Cruise HONG KONG/LONDON (Reuters) -HSBC merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO Georges Elhedery that also included the appointment of the bank’s first female finance chief. Under the revamp, announced on Tuesday, HSBC will combine some …

HSBC splits East and West in major revamp and appoints first female finance chief Read More »