Reuters UK Business

PARIS (Reuters) – Societe Generale, France’s third-biggest listed bank, has reached a settlement with U.S. securities regulators amid a probe over the use of messaging platforms, the lender said in its first half financial report released on Thursday. The Securities and Exchange Commission (SEC) in 2021 began examining how Wall Street banks were keeping track …

SocGen reaches settlement with U.S. regulators over messaging probe Read More »

By Paul Sandle LONDON (Reuters) -Aero-engineer Rolls-Royce on Thursday reported a strong recovery in profit as its new CEO’s turnaround plan gathers pace, helped by better pricing for maintaining the engines that power long-haul aircraft like the Airbus A350 and Boeing 787. The British company reported first-half underlying operating profit of 673 million pounds ($854 …

Rolls-Royce’s turnaround delivers fivefold increase in profit Read More »

By Alun John LONDON (Reuters) – The pound traded around its lowest in a month on Thursday, and the FTSE 100 share index fell to two-week low, both weighed down by nervousness in global markets ahead of a finely balanced Bank of England rate decision. The BoE is expected to raise interest rates to a …

Pound near one-month low, markets wary ahead of BoE rate decision Read More »

By Sruthi Shankar (Reuters) -European stocks hit a three-week low on Thursday, hurt by disappointing earnings reports, elevated U.S. bond yields and data pointing to slowing business activity in the euro zone. The pan-European STOXX 600 index fell 0.9%, its third consecutive day of losses. Stocks globally came under pressure as U.S. bonds yields hit …

European stocks slide to three-week lows as earnings, higher yields drag Read More »

LONDON (Reuters) – Growth across British services companies slowed last month to its lowest level since January, a business survey confirmed on Thursday ahead of the Bank of England’s interest rate decision. The final reading of the UK S&P Global Services Purchasing Managers’ Index (PMI) fell in July to 51.5 from 53.7 in June, unchanged …

UK services growth cools to six-month low in July: PMI Read More »

MILAN (Reuters) -Telecom Italia (TIM) will finalise the sale of its prized network only if the finances of the service business that will be left behind remain sustainable, the head of Italy’s biggest telecoms company said on Thursday. Debt-laden TIM has granted U.S. fund KKR an exclusivity period until the end of September to negotiate …

TIM to finalise grid sale only if service business remains sustainable Read More »

By Joanna Plucinska LONDON (Reuters) -Wizz Air’s capacity growth will be slower than expected as it grapples with supply chain and engine issues, the company said on Thursday, sending its shares down more than 6%, even as it reported higher profits in line with consensus. Airlines have struggled to increase capacity to meet the growth …

Wizz Air shares fall as supply snags hit capacity ambitions Read More »

By Philip Blenkinsop BRUSSELS (Reuters) -Anheuser-Busch InBev beat quarterly earnings forecasts and held its 2023 guidance on Thursday as a post-COVID recovery in China helped offset the impact of a U.S. conservative backlash against Bud Light over a transgender promotion. Shares in the world’s largest brewer were 2.6% higher at 52.40 euros in early trading, …

AB InBev holds forecast as China offsets US Bud Light backlash Read More »