Reuters UK Business

LONDON (Reuters) -A former Goldman Sachs analyst was convicted on Thursday in a London court of using inside information to buy shares in listed companies and make more than 140,000 pounds ($175,650), a Financial Conduct Authority (FCA) spokesperson said. Mohammed Zina, 35, was employed by Goldman Sachs International in its conflicts resolution group in London. …

Ex-Goldman Sachs UK analyst guilty of insider dealing after London trial Read More »

By Huw Jones LONDON (Reuters) – The “gap” between policymakers wanting bourse mergers to deepen EU capital markets, and the demands of private shareholders makes it hard to push through consolidation, Euronext said on Thursday. Euro zone finance ministers want Brussels to assess, and potentially address, barriers to exchange mergers in a region with a …

Not easy to spur bourse mergers to deepen EU capital market, says Euronext Read More »

By Shubham Batra (Reuters) -European shares rose on Thursday, boosted by gains in French stocks and UK’s soft GDP data, while comments by European Central Bank President Christine Lagarde on the disinflation process in the euro zone lifted sentiment. French shares outperformed regional peers, with France’s benchmark index CAC 40 hitting a record high, on …

European shares climb on positive corporate earnings; French stocks hit record high Read More »

LONDON (Reuters) – Britain’s Costa Coffee will give over 15,000 hourly-paid workers an average 9% pay increase from April 1, it said on Thursday. The coffee and sandwich chain, a unit of Coca-Cola Co, said its starting rate will rise from 10.70 pounds ($13.42) an hour to 12 pounds an hour – ahead of the …

UK’s Costa Coffee to give workers 9% pay rise Read More »

By Pablo Mayo Cerqueiro, Andres Gonzalez and Oliver Hirt LONDON/ZURICH (Reuters) – Barclays is in the early stages of considering a bid for Societe Generale’s UK private bank, in an effort to expand its business targeting wealthy individuals, three people familiar with the matter told Reuters. SocGen, advised by Rothschild & Co, has begun inviting …

Barclays eyes SocGen’s UK private bank, sources say Read More »

PARIS (Reuters) – Renault expects to benefit this year from higher car prices and easing raw material costs, Chief Financial Officer Thierry Pieton said on Thursday as the French carmaker prepares to launch 10 models in 2024. “We are making good ground in terms of cost production and raw materials,” he said in a call …

Renault expects to benefit from higher prices, easing costs Read More »

PARIS (Reuters) -French jet engine maker Safran posted sharply higher revenue and operating profit for 2023, raised its dividend and predicted further growth this year on the back of strong demand for engine services. Shares in the company rose sharply in early Paris trade and were up 4.3% by 0833 GMT. Full-year recurring operating income …

Jet engine maker Safran raises dividend on profit jump and growth outlook Read More »