By Huw Jones LONDON (Reuters) – European Union lawmakers were deeply split on Wednesday over plans to force the relocation of euro derivatives clearing from post-Brexit London to “EU soil”, raising the prospect of ending up with diluted rules that banks are lobbying for. The European Commission has proposed a draft law requiring banks in …
EU lawmakers struggle to compromise on post-Brexit derivatives clearing Read More »
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Lego continued to take market share in the first six months of the year even as the toy market declined and Chinese consumers returned to stores at a slower pace than expected, the Denmark-based toymaker said on Wednesday. The family-owned company, known for its colourful plastic bricks, said sales …
By Giselda Vagnoni ROME (Reuters) – Piero Cipollone, Italy’s choice for the European Central Bank’s executive board, has a reputation for discreetly helping Rome’s eurosceptic government rub along with EU institutions and brings skills in economics, particularly in digital money, tempered with pragmatism, people who have worked with him say. Cipollone, a three-decade veteran of …
Italy offers digital euro expert Cipollone for ECB post Read More »
By Adrianna Ebert GDANSK (Reuters) -Poland’s biggest video game developer CD Projekt is content with advance sales for Phantom Liberty, an expansion to its Cyberpunk 2077 game that debuts Sept. 26, CEO Adam Kicinski said on a Wednesday conference call after first-half results. “After two months, we are very happy with how it’s going. But …
Poland’s CD Projekt happy with pre-orders for Phantom Liberty Read More »
FRANKFURT (Reuters) -A German court on Wednesday threw out the rates of return for power and gas network infrastructure operators set in 2021 by the grid regulator, saying companies were right to complain they were too low. The decision by the Duesseldorf court will not be enforced immediately and can be appealed. The federal regulator, …
German court throws out lower grid operator returns set by regulator Read More »
By James Davey LONDON (Reuters) – Marks & Spencer will rejoin Britain’s FTSE 100 stock index after a four-year hiatus, it was confirmed on Wednesday, capping a return to fashion for the food and clothing retailer after years of failed turnaround efforts. Before its 2019 ejection, the food, clothing and homewares retailer, known affectionately as …
Back in the big time, Britain’s M&S rejoins blue-chip index Read More »
MILAN (Reuters) – Italian prosecutors are investigating a 928 million euro ($1 billion) contract to build a dam off the harbour of the northwestern city of Genoa awarded to a consortium led by Webuild, a person with direct knowledge of the investigation said on Wednesday. Genoa prosecutors are investigating allegations of bid-rigging, endangering the safety …
Italy prosecutors investigate Genoa dam contract won by Webuild-led consortium Read More »
By Andres Gonzalez and Hadeel Al Sayegh DUBAI (Reuters) – Spanish investment bank Alantra said on Wednesday it is in the process of hiring a team to grow its business in the Gulf region from its new office in Dubai. Alantra said in a statement that it was in the process of interviewing candidates and …
Spanish investment bank Alantra hiring for new Gulf-focused office in Dubai Read More »
OSLO (Reuters) – Sweden’s rate of inflation needs to continue to decline to boost real wages and household prosperity, Riksbank Deputy Governor Anna Breman said in a summary of a speech published on the central bank’s website on Wednesday. “When inflation is high, as it is today, everyone is affected negatively. At the same time, …
Sweden must continue to bring down inflation, central bank’s Breman says Read More »
(Reuters) -French construction company Eiffage on Wednesday reported a 10.4% rise in half-year revenue to 10.4 billion euros ($11.4 billion), citing growth in all divisions, increases in motorway and airport traffic, and a stronger order book. The company, which builds roads, tunnels and electric infrastructure, also said it had seen an increase of 9.1% in …
France’s Eiffage reports first-half revenue up 10.4% Read More »
