Reuters UK Business

By Foo Yun Chee BRUSSELS (Reuters) -U.S. chipmaker Broadcom is set to win conditional EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware on Wednesday, a person familiar with the matter said on Tuesday. Last month, Reuters reported exclusively that Broadcom had succeeded in addressing the European Commission’s concerns regarding …

EU to green light Broadcom’s VMware deal on Wednesday, source says Read More »

BERLIN (Reuters) – German investor morale clouded over in July, the ZEW economic research institute said on Tuesday, reporting a drop in its economic sentiment index to -14.7 points from -8.5 points in June. Analysts polled by Reuters had pointed to a July reading of -10.5. The indicator is moving noticeably into negative territory as …

German investor morale falls in July – ZEW Read More »

(Reuters) – British Gas parent firm Centrica has signed a 15-year liquefied natural gas (LNG) supply agreement with U.S.-based Delfin Midstream, the companies said on Tuesday. Britain and other European countries have turned to the United States for LNG to help reduce their reliance on Russian gas following Moscow’s invasion of Ukraine in February 2022. …

UK’s Centrica signs $8 billion LNG deal with Delfin Midstream Read More »

By Sinead Cruise and Carolyn Cohn LONDON (Reuters) – Britain’s financial services industry has broadly cheered fresh government proposals to jumpstart the economy by channelling 50 billion pounds ($64.5 billion) of pension fund cash into fledgling firms, but the plans could backfire on savers, experts said. Finance minister Jeremy Hunt on Monday unveiled a raft …

Britain’s 50-billion pound pensions gamble could put savers in fresh peril Read More »

LONDON (Reuters) -A key British mortgage rate hit a 15-year high on Tuesday when it rose above the levels reached in the aftermath of September’s “mini-budget” crisis, adding to strains on the country’s slowing housing market as the Bank of England battles stubborn inflation. The average two-year fixed residential mortgage rate climbed to 6.66%, narrowly …

UK mortgage rates surge to 15-year high after surpassing ‘mini-budget’ peak Read More »

BERLIN (Reuters) – Germany’s cartel office said on Tuesday that it sees scope for further action against Big Tech companies following a ruling from the EU’s top court last week. The ruling from the Luxembourg-based Court of Justice of the European Union (CJEU) potentially hands antitrust authorities more leeway in Big Tech probes. Amazon, Google, …

German regulator: scope for more action against Big Tech after ruling Read More »

By Huw Jones LONDON (Reuters) – Britain may scrap a European Union era rule on how banks and brokers charge investors for stock picks and other company research to help attract more listings to London, the government said on Monday. The five-year old “unbundling” rule is part of an EU securities law known as MiFID …

Britain to ease EU rule on charging asset managers for stock picks Read More »