Reuters UK Business

LONDON (Reuters) -Britain’s Co-Operative Bank said on Thursday it had entered a period of exclusive discussions with Coventry Building Society with a view to a possible merger, after kickstarting a strategic review on November 8. Following an undisclosed number of non-binding proposals from potential bidders, the lender said its formal discussions with Coventry would enable …

Britain’s Co-Operative Bank in exclusive talks with Coventry Building Society Read More »

WARSAW (Reuters) – Monetary policy decisions taken by the Polish central bank governor have been good, President Andrzej Duda said on Thursday, in a sign of support as Adam Glapinski risks being put before a State Tribunal by the new government. The new pro-European Union government of Donald Tusk says Glapinski undermined the central bank’s …

Polish president says central bank’s Glapinski made good decisions Read More »

By Marie Mannes STOCKHOLM (Reuters) – Tesla faces an inquiry by Norway’s traffic safety regulator into suspension failures in the company’s electric cars that could result in a recall, the agency told Reuters. Norwegian Public Roads Administration (NPRA) senior engineer Tor-Ove Satren said the agency started questioning Tesla in September 2022 and asked the automaker …

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(Reuters) – European shares fell on Thursday, led by losses in real estate and automobiles and parts stocks following a sharp selloff at Wall Street in the previous session, while investors awaited more economic data from the U.S. for further clues on the global interest rate path. The pan-European STOXX 600 index fell 0.3% by …

European shares slip as automobile, real estate losses weigh, US GDP data in focus Read More »

MILAN (Reuters) -Eni has agreed to sell a 9% stake in its low-carbon and retail unit to Energy Infrastructure Partners (EIP) through a deal that values the unit at 10 billion euros ($10.95 billion)including debt, the Italian energy company said on Thursday. Under the agreement, EIP will enter Plenitude’s share capital through a capital increase …

Eni’s Plenitude unit valued 10 billion euros in deal with EIP Read More »

(Reuters) – Hipgnosis Songs Fund on Thursday reported a fall in its assets value at the end of the first half of the year, as the struggling firm battles a tough phase marred by operational challenges and shareholder outcry. The London-listed fund, which is undertaking a strategic review after its shareholders in October voted against …

Music royalty fund Hipgnosis posts decline in assets value Read More »

BRUSSELS (Reuters) – European Union finance ministers agreed changes to the EU’s fiscal rules to offer countries tailor-made debt reduction paths and incentives to invest. Here’s why the rules matter. 1. The EU has a common currency – the euro – and the European Central Bank takes responsibility for a common monetary policy, but the …

Explainer-Why EU fiscal rules matter Read More »