Reuters UK Business

(Reuters) -Britain’s Financial Conduct Authority, or FCA, is in early talks to change its rules to shorten the timeline for companies to go public in London by a week, Bloomberg News reported on Friday. After a challenging year marked by an exodus of companies from London, there is now renewed appetite for UK listings, with …

Britain’s FCA considers rule changes to accelerate IPO listings, Bloomberg News reports Read More »

(Switches paragraphs 4 and 5 to clarify that use of powers relates to UniCredit / Commerzbank deal) By Alvise Armellini and Giuseppe Fonte ROME (Reuters) -The EU Commissioner for Financial Services, when asked on Friday about German resistance to UniCredit’s attempts to take over Commerzbank, lamented obstacles to the creation of larger European banks. UniCredit’s …

EU commissioner laments obstacles to European bank mergers Read More »

(Reuters) -Britain’s FTSE 100 closed at a record high on Friday, capping a strong week for London equities, as financial stocks gained following upbeat results from NatWest and signs of cooling inflation pressures in the United States. The blue-chip FTSE 100 finished 0.7% higher at 9,645.62 points, while the mid-cap FTSE 250 gained 0.75% to …

FTSE 100 closes at record high, boosted by financials Read More »

By Naomi Rovnick LONDON (Reuters) -Major investors, spooked by AI exuberance yet wary of betting against it, are shifting from hyped-up stocks into potential next-in-line winners, reviving a strategy from the 1990s dotcom era that helped some sidestep the crash. As U.S. stocks have hit successive records and AI chipmaker Nvidia’s valuation has surged beyond …

Analysis-Investors use dotcom era playbook to dodge AI bubble risks Read More »

By Maggie Fick and Jacob Gronholt-Pedersen LONDON/COPENHAGEN (Reuters) -A boardroom shake-up at Novo Nordisk has handed unprecedented power to its top shareholder, the Novo Nordisk Foundation, rattling investors despite calls for stronger leadership at the drugmaker behind weight-loss treatment Wegovy. Once Europe’s most valuable firm thanks to its blockbuster obesity drug, Novo Nordisk has stumbled …

Novo Nordisk’s new chairman has ‘carte blanche’ after board clear-out Read More »

(Removes last paragraph duplication) By Sabrina Valle NEW YORK (Reuters) -JPMorgan Chase & Co has poached three senior investment bankers from Deutsche Bank and Goldman Sachs to expand the team that caters to the business services sector – and isn’t done yet – in a push to dramatically increase fee revenue, a top banker told …

JPMorgan poaches investment bankers from Goldman, Deutsche in expansion of business services group Read More »