Reuters UK Business

By Huw Jones LONDON (Reuters) – Companies in Britain that compile the environmental, social and governance (ESG) ratings of different firms will face a new voluntary code of conduct ahead of potential regulations for a sector that channels trillions of dollars in investments. Investors who want to put cash into sustainable companies rely heavily on …

ESG raters in Britain face voluntary code ahead of possible rules Read More »

By Kylie Madry MEXICO CITY (Reuters) -Mexican airline Viva Aerobus has signed a memorandum of understanding to purchase 90 Airbus A321neo aircraft, the carrier said on Wednesday, in a deal likely worth several billion dollars. The announcement confirms Reuters reporting last month that the two were close to a tie-up on an order of that …

Mexican airline Viva Aerobus to buy 90 Airbus A321neo planes Read More »

PARIS (Reuters) -Casino shares fell as much as 40% on Wednesday after the cash-strapped French retailer said the injection of new capital that would result from two rival offers to rescue the group meant existing shareholders would be wiped out. Czech billionaire Daniel Kretinsky is leading a 1.35 billion-euro investment plan to rescue Casino, details …

Casino shares slump as rescue bids to wipe out existing shareholders Read More »

By Carolina Mandl NEW YORK (Reuters) – European hedge funds have reduced their exposure to U.S. banks at a fast pace since the beginning of the year, while roughly keeping their positioning in European banks, Goldman Sachs said in a recent report sent to clients. Overall, shares in European banks are outperforming U.S. peers as …

US banks out of favor with European hedge funds, Goldman tells clients Read More »

FRANKFURT (Reuters) – The European Central Bank has shortlisted Germany’s Claudia Buch and Spain’s Margarita Delgado for the role of chief banking supervisor, two sources told Reuters. The winner will succeed Andrea Enria as the chair of the ECB’s Single Supervisory Board on Jan. 1 and oversee Europe’s biggest banks at a time of upheaval …

ECB shortlists Buch, Delgado for top supervision job -sources Read More »

By James Davey LONDON (Reuters) -British online electricals retailer AO World will likely develop “commercial opportunities” with Mike Ashley’s Frasers Group after the two companies forged a strategic alliance last month, AO’s boss said on Wednesday. Sportswear and fashion retailer Frasers, formerly called Sports Direct, has also amassed a 22.2% stake in AO, making it …

UK electricals retailer AO World looks to plug into Frasers Read More »

By Muvija M LONDON (Reuters) -Investors in ailing Thames Water are reluctant to put in more cash, but Britain’s largest water supplier is still “a long way” from needing emergency intervention, regulator Ofwat said on Wednesday. Thames Water, which serves around 15 million customers or more than a fifth of Britain’s population, is seeking to …

Thames Water investors reluctant to stump up cash, regulator says Read More »