Reuters UK Business

MUNICH, Germany (Reuters) – Italy’s MediaForEurope will obtain a seat on the supervisory board of media group ProSiebenSat.1, according to an invitation to the German company’s annual shareholder meeting released on Wednesday. Katharina Behrends, who has been MFE’s manager for Germany, Austria and Switzerland since last year, based in Munich, is to join the supervisory …

Manager of Italy’s MFE to join ProSiebenSat.1 supervisory board Read More »

PARIS (Reuters) – The French government is to freeze 1% of the budget of each ministry for the current year in a bid make good on its deficit reduction commitments, the finance ministry said. The measure is in addition to an earlier decision to cut 5% of each ministry’s budget. President Emmanuel Macron is under …

France to tighten government spending further with eye on deficit Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms suffered a setback on Wednesday as Europe’s second-top court ruled as legitimate the EU antitrust watchdog’s requests for information related to its investigation into Facebook’s data and online marketplace. A spokesperson for the U.S. tech giant, which had compared the European Commission to a fishing super …

EU court rejects Meta challenge to antitrust information requests Read More »

BERLIN (Reuters) -German business morale fell further than expected in May due mainly to a sharp decline in future expectations, another sign that Europe’s largest economy is facing stubborn economic headwinds, a survey showed on Wednesday. The Ifo institute said its business climate index stood at 91.7 following a reading of 93.4 in April. A …

German business sentiment worsens in May Read More »

(Refiles to correct company name to “Currys” from “Curry’s” in headline, paragraph 6) (Reuters) -British electricals retailer Currys said on Wednesday European Economic Area regulator has started investigating its Nordic units for possible violation of competition rules in Norway. The retailer, previously known as Dixons Carphone, said it does not believe that the two units …

Retailer Currys says European watchdog probes its Nordic units Read More »

By Sruthi Shankar (Reuters) -A fresh wave of selling hit European stock markets on Wednesday as little progress in the U.S. debt ceiling negotiations, a jump in UK core inflation and more losses in heavyweight luxury names hurt risk sentiment. The Europe-wide STOXX 600 index fell 1.2% to hit a nearly three-week low, with all …

European shares slump to three-week lows on UK inflation shock, debt ceiling concerns Read More »

LONDON (Reuters) – British house prices rose by 4.1% in the 12 months to March, the Office for National Statistics (ONS) said on Wednesday, slowing from February’s upwardly revised 5.8% rise. London was the region with the slowest annual growth, the ONS said, with prices in the capital up 1.5%. More recent gauges of Britain’s …

UK house prices up 4.1% year-on-year in March Read More »