Reuters UK Business

By Ron Bousso, Sarah McFarlane and Dmitry Zhdannikov LONDON(Reuters) – BP’s search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the board’s probe into whether previous CEO Bernard Looney breached the code of conduct in his undisclosed personal relationships with staff drags on. …

BP’s search for new CEO to extend into next year as Looney probe drags on Read More »

By Naomi Rovnick LONDON (Reuters) – November has shaped up to be a fairytale month for equities, with the festive Santa rally investors traditionally hope for coming early as traders bet on a Goldilocks scenario of inflation falling and central banks lowering interest rates. MSCI’s world stock index is set to close the month up …

Goldilocks meets Santa as global stocks power to best month in three years Read More »

By Maria Martinez (Reuters) -The number of unemployed people in Germany rose in line with analysts’ expectations in November, Labour Office figures showed on Thursday. The Federal Labour Office said the number of people out ofwork increased by 22,000 in seasonally adjusted terms to 2.702 million. Analysts polled by Reuters had expected the total to …

German unemployment rises in November amid economic downturn Read More »

FRANKFURT (Reuters) – Euro banknotes are set to get a new design with themes focused on European culture, birds and rivers in an effort to make them more relatable, the European Central Bank said on Thursday. Due towards the end of the decade at the earliest, the banknotes are also aimed at reassuring the public …

Euro banknotes set to get a facelift, ECB says Read More »

AMSTERDAM (Reuters) -The Dutch government on Thursday said it would sell some of its shares in lender ABN Amro , reducing its stake to around 40%. The Dutch state currently holds 49.5% of the shares in ABN Amro, one of three dominant banks in the Netherlands, following a bailout in the 2008 financial crisis. The …

Dutch state to sell down stake in ABN Amro Read More »

(Corrects Wennink’s age in paragraph 2) By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) – ASML Chief Executive Peter Wennink will retire at the end of his term next April to be replaced by company veteran Christophe Fouquet, the Dutch semiconductor equipment manufacturer said on Thursday. Wennink, 66, has overseen a period of blistering …

ASML boss Wennink to retire in April; veteran Fouquet to step up Read More »

ROME (Reuters) -Italy’s competition authority on Thursday said it had told the country’s biggest bank Intesa Sanpaolo to halt the proposed transfer of 2.4 million customers to its new mobile-only service Isybank. The decision is the latest blow to Intesa’s efforts to update its digital infrastructure and gradually abandon legacy systems in favour of cloud …

Italy’s competition body stops Intesa moving clients to mobile bank Read More »

PARIS (Reuters) -The French economy contracted by 0.1% in the third quarter of the year, revised data from the statistics office INSEE showed on Thursday, while November inflation eased more than expected. The contribution of gross fixed capital formation, which indicates how much of the new value added in an economy is invested rather than …

French economy contracts in Q3, inflation eases further Read More »

(Reuters) – European shares rose on Thursday, led by miners and energy stocks, as investors geared up for key inflation prints out of the United States and euro zone to back expectations global interest rates have peaked. The pan-European STOXX 600 was up 0.1% by 0810 GMT, eyeing its biggest monthly gain since January. Miners …

European shares rise on miners, energy boost ahead of key inflation readings Read More »