Reuters UK Business

By Anirban Sen (Reuters) -Ineos Chief Executive Jim Ratcliffe is looking to invest $300 million in Manchester United’s infrastructure, in addition to his $1.5 billion plus offer to buy a 25% stake in the soccer club, according to a person familiar with the matter. The investment, intended for upgrading the club’s ageing infrastructure, will be …

Ratcliffe to invest extra $300 million on top of 25% stake in Manchester United -source Read More »

LONDON (Reuters) -Britain’s competition watchdog said on Friday it had accepted commitments from tech companies Meta and Amazon to help protect fair competition on their retail platforms. The commitments from the U.S. tech giants mark the end of the Competition & Markets Authority’s (CMA) investigation into Amazon Marketplace and Meta’s use of advertising data. Amazon …

UK secures commitments from Amazon and Meta over retail platforms Read More »

By Yoruk Bahceli (Reuters) – Financial markets are ramping up expectations for interest rate cuts from the European Central Bank, betting it will be the first major central bank to ease policy to buffer a euro zone economy facing recession in contrast to a robust United States. Last week money market traders anticipated that the …

Analysis-Traders bet ECB will be first big central bank to cut rates Read More »

(Reuters) – Russia’s finance ministry said on Friday it would increase the volume of deferred foreign currency purchases in the coming month to a cumulative total of 621.1 billion roubles ($6.70 billion). The purchases, in line with Russia’s budget rule, will be deferred because the central bank in August stopped buying foreign currency until the …

Russian finance ministry to increase deferred FX purchases in November Read More »

By Victoria Waldersee BERLIN (Reuters) -BMW reported a higher third-quarter margin in its core cars business on Friday, striking a more optimistic tone than some competitors as it confirmed forecasts for the year. The premium carmaker has forecast an annual margin on earnings before interest and taxes (EBIT) in its cars division of 9.0%-10.5% and …

BMW boosts earnings with higher-priced and electric cars Read More »

(Reuters) – Investors channelled substantial sums into global money market funds in the week leading to Nov. 1, seeking the safety of these assets ahead of pivotal policy decisions from the world’s leading central banks. The move towards money markets underscored a broader sense of caution as markets braced for the U.S. Treasury Department’s update …

Global money market funds attract robust inflows on central bank policy caution Read More »

By Olivier Cherfan and PierreJohn Felcenloben (Reuters) – Solvay on Friday announced new leadership teams to be appointed upon its planned split, after the Belgian chemicals producer’s third-quarter sales slumped on lower volumes. Shareholders will vote on the proposed split into two listed entities on Dec. 8. The de-merger would lead to the creation of …

Solvay announces leadership teams ahead of planned split Read More »