Reuters UK Business

PARIS (Reuters) – French IT consultancy Atos said on Wednesday its board had unanimously decided to recommend voting against resolutions calling for the removal of Chairman Bertrand Meunier. A series of setbacks has led Atos to propose a costly split-up plan. Airbus had expressed interest in investing in the soon-to-be spun-off entity, now called Eviden, …

Atos board recommends voting against chairman removal resolution Read More »

By William Schomberg LONDON (Reuters) -The government of British Prime Minister Rishi Sunak has little room to cut taxes ahead of the next national election expected in 2024, the Organisation for Economic Co-operation and Development (OECD) said on Wednesday. The OECD raised its growth projections for Britain’s economy in its latest set of forecasts for …

UK has limited room for pre-election tax cuts, OECD says Read More »

NEW YORK (Reuters) – The venture units of oil firms Saudi Aramco and Italy’s ENI have joined the world’s largest passenger carrier United Airlines to invest in British start-up OXCCU’s efforts to slash the prohibitively high cost of lower-carbon aviation fuel, the companies said on Wednesday. Aviation produces around 2% of the world’s planet-warming emissions …

Aramco, ENI, United Airlines invest in UK-based low-carbon fuel venture Read More »

AMSTERDAM (Reuters) – Inflation expectations in financial markets seem overly optimistic, increasing the risk of renewed stress if monetary policy needs to be tightened for longer to tame inflation, Dutch central bank chief Klaas Knot said on Wednesday. “Financial markets are extraordinarily optimistic and are expecting inflation to drop as fast as it rose. For …

Overly optimistic markets might be caught out by rate hikes, ECB’s Knot says Read More »

By Lucy Raitano LONDON – Sterling held steady on Wednesday after data showed the first annual drop in UK house prices in more than a decade, and traders focused on sticky inflation and the outlook for Bank of England monetary policy. At 0821 GMT, the pound was flat against the dollar at $1.242, having earlier …

Sterling steady as UK house prices post first yearly drop since 2012 Read More »

LONDON (Reuters) – Britain’s advertising watchdog on Wednesday banned some advertising by energy giant Shell on posters, television and on YouTube, saying it gave a misleading impression of the size of the group’s lower carbon business. The ruling adds pressure on globally active energy companies with substantial fossil fuel businesses that also want to advertise …

UK watchdog bans some Shell renewable energy commercials Read More »

By Natalie Grover and Eva Mathews (Reuters) -European regulators have approved the region’s first vaccine for respiratory syncytial virus (RSV), which causes thousands of hospitalisations and deaths annually. The shot, called Arexvy, is made by British drugmaker GSK and is designed to protect people aged 60 and over. RSV typically causes cold-like symptoms, but is …

EU approves its first vaccine for common respiratory virus RSV Read More »