By Sarah Young LONDON (Reuters) -BBC Chairman Richard Sharp resigned on Friday after an independent report found he breached rules by not disclosing a potential conflict of interest in his role in securing a $1 million loan for the then-prime minister, Boris Johnson. His exit amid a cronyism row comes at a time of heightened …
BBC’s Sharp quits after breaching rules over Boris Johnson loan Read More »
LONDON (Reuters) – Irish construction company Kingspan plans to delist from the London Stock Exchange, it said on Friday, in the latest blow for the bourse and Britain’s wider financial services industry. Fears that London is losing its appeal have been growing as sluggish trading and low valuations drive companies away from its stock market. …
Kingspan plans to quit London listing in latest blow for LSE Read More »
By Gwladys Fouche and Nerijus Adomaitis OSLO (Reuters) -Norway plans to nationalise most of its gas pipeline network when many existing concessions expire in 2028, the oil and energy ministry said on Friday, to tighten control over key infrastructure. Norway has become Europe’s largest supplier of gas, following a drop in Russian gas flows, which …
Norway plans to nationalise gas pipelines when concessions expire Read More »
By Patricia Weiss and Ludwig Burger FRANKFURT (Reuters) -Germany’s three biggest asset management groups said they would not vote for the re-election of Bayer Chairman Norbert Winkeljohann on Friday because of his numerous board commitments. An ouster of Winkeljohann, who won wide investor praise for securing former Roche executive Bill Anderson as Bayer’s CEO-designate, could …
Bayer chair faces ‘No’ vote from largest German mutual funds Read More »
By Shubham Batra (Reuters) -European shares fell on Friday as a drop in bank stocks offset optimism over positive earnings reports, while the euro zone growing at a lower-than-expected rate in the first three months of the year also weighed on sentiment. The pan-European STOXX 600 index slid 0.5% and was set for its first …
European shares fall as bank stocks, subdued euro-zone growth data weigh Read More »
BRUSSELS (Reuters) – The euro zone grew only marginally in the first three months of 2023 and at a rate lower than market expectations after stagnation at the end of last year, preliminary data showed on Friday. Gross domestic product in the euro zone expanded by 0.1% in the first quarter, below expectations in a …
Euro zone grows marginally at start of 2023 after stagnation Read More »
By Iain Withers and Lawrence White LONDON (Reuters) -British bank NatWest reported a 20 billion pound fall in deposits in the first quarter amid a fiercely competitive environment and a cautious outlook pointing to the challenges ahead, taking the shine off forecast-beating profit. NatWest’s income jumped 37% but came in just below analysts’ forecasts, as …
By Francesca Landini MILAN (Reuters) -Italian energy group Eni said on Friday its first-quarter net profit fell 11% year on year on lower oil and gas prices compared with the first three months of 2022, when Russia’s invasion of Ukraine sent energy prices soaring. Adjusted net profit for the period came in at 2.91 billion …
Eni Q1 net profit beats expectations on strong gas business Read More »
BERN (Reuters) – Swiss banking regulation and supervision must be reviewed following the collapse of Credit Suisse, Swiss National Bank Chairman Thomas Jordan said on Friday, although he warned against “quick fixes.” The central bank played a key role in the state-engineered rescue of Credit Suisse, making 250 billion francs of emergency liquidity available to …
Swiss National Bank seeks banking regulation review after Credit Suisse crash Read More »
By Maria Martinez BERLIN (Reuters) -The German economy stagnated in the first quarter, as a decline in government and household consumption was balanced out by an increase in exports and capital investment, data showed on Friday. Gross domestic product was unchanged quarter on quarter in adjusted terms, the federal statistics office said. A Reuters poll …
German economy skirts recession, but just for now Read More »
