Reuters UK Business

By Nell Mackenzie and Kirstin Ridley LONDON (Reuters) -Britain’s financial services regulator is looking at how investment banks and commercial insurers deal with sexual harassment, bullying and other non-financial misconduct amid complaints from alleged victims that they are often silenced or forced to quit. Sarah Pritchard, an executive director at the Financial Conduct Authority (FCA), …

UK regulator to quiz top finance firms on sexism, bullying Read More »

FRANKFURT (Reuters) -Hapag-Lloyd <HLAG.DE> and Maersk <MAERSKb.CO> have signed an agreement for a new long-term collaboration starting February 2025 with a combined capacity of 3.4 million containers (TEU), the two shipping companies said on Wednesday. As a part of the agreement, called Gemini Cooperation, the two companies have set the ambitious target of delivering schedule …

Hapag-Lloyd, Maersk sign long-term collaboration deal Read More »

By Ron Bousso LONDON (Reuters) -BP interim boss Murray Auchincloss was named permanent CEO on Wednesday four months after the energy giant was rocked by the sudden resignation of Bernard Looney over undisclosed relationships with employees. Auchincloss, who headed BP’s finances under Looney, indicated he will continue a strategy aimed at slashing carbon emissions, building …

BP names Auchincloss permanent CEO Read More »

By Nerijus Adomaitis and Nora Buli SANDEFJORD, Norway (Reuters) – Norwegian oil companies will ramp up exploration for natural gas in the Barents Sea in the next three years, industry executives told Reuters, showing renewed interest in the remote Arctic region after a sharp fall in Russia’s gas supplies to Europe. Norway’s government on Tuesday …

Norway energy firms plan three-year push for Arctic gas Read More »

ZURICH (Reuters) – UBS’s return on equity may be higher than currently expected, once the integration of its former rival, Credit Suisse, has been completed, its chairman said on Wednesday. “We have given a 15% target exit ROE at the end of 2026 as a guideline and obviously there may be upside on that,” Colm …

UBS chairman sees possible ‘upside’ to bank’s return on equity target Read More »

DUESSELDORF (Reuters) – Uniper, which had to be rescued by Berlin during Europe’s energy crisis, expects a court decision this summer regarding billions of euros worth of damage claims it has logged against former top supplier Gazprom, its CEO said. Uniper, Germany’s largest gas trader, in November 2022 initiated arbitration proceedings against Gazprom before an …

Uniper CEO: we expect court decision on Gazprom arbitration in summer Read More »

By Elizabeth Howcroft LONDON (Reuters) – German online bank N26 said on Wednesday it will allow customers in Austria and Germany to trade stocks and exchange-traded funds (ETFs), as part of the company’s efforts to become profitable. N26, which is being monitored by German financial regulators, will allow some customers in Austria to trade ETFs …

German mobile bank N26 to offer stocks trading Read More »

(Corrects third paragraph to remove reference to likelihood of a rate cut in the first half of the year) (Reuters) – European shares opened sharply lower on Wednesday, as more hawkish remarks from European Central Bank (ECB) officials tempered interest rate cut expectations, while glum economic data from China further soured investor sentiment. The pan-European …

European shares slump on hawkish ECB remarks, disappointing China data Read More »