Reuters UK Business

By Julie Zhu, Valentina Za, Scott Murdoch and Amy-Jo Crowley HONG KONG/LONDON (Reuters) -Credit Suisse Group AG’s dealmakers, hoping to secure jobs after UBS Group AG’s rescue takeover, are struggling to dispel fears about a culture clash and many will be disappointed, sources familiar with the talks told Reuters. UBS bankers over recent weeks have …

Credit Suisse bankers jostle for slim pickings at UBS –sources Read More »

By Elizabeth Howcroft and Hannah Lang LONDON (Reuters) – Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the U.S. last month, creating a risk their business will become concentrated in smaller financial institutions. It is a scenario that concerns U.S. regulators, who have expressed doubt …

Analysis-Crypto firms scramble for banking partners as willing lenders dwindle Read More »

By Huw Jones LONDON (Reuters) – The rest of the world should copy European Union rules for cryptoassets to create a robust global approach that protects consumers and financial stability, the EU’s financial services chief said on Wednesday. The European Parliament is due on Thursday to rubber stamp the EU’s markets in cryptoassets regulation (MiCA), …

EU urges others to copy its rules for cryptoassets Read More »

PARIS (Reuters) – Stellantis on Wednesday said in a surprise announcement that Natalie Knight would replace Richard Palmer as chief financial officer, and that she would join the automaker no later than July 10.    A U.S. national, Knight has been CFO at Dutch food retailer Ahold Delhaize since early 2020. In January, the company said …

Stellantis hires Natalie Knight as new CFO replacing Richard Palmer Read More »

LISBON (Reuters) – Portuguese Prime Minister Antonio Costa welcomed the interest expressed by Lufthansa in the upcoming privatisation of flag carrier TAP, but promised a level playing field and a transparent process for all contenders. Speaking to reporters alongside visiting German Chancellor Olaf Scholz, Costa said the government will “shortly start TAP’s privatisation and several …

Portugal PM welcomes Lufthansa’s interest in TAP, Scholz sees good fit Read More »

By Mimosa Spencer PARIS (Reuters) -L’Oreal reported a 13% rise in first-quarter sales, beating expectations thanks to strong business in the United States and Europe as shoppers shrugged off rising prices, but has yet to benefit from the end of COVID-19 curbs in China. Sales of the French cosmetics group, which sells brands ranging from …

L’Oreal beats expectations with strong sales in U.S., Europe Read More »

BERLIN (Reuters) -Germany’s Continental aims to sell its tyre plant in the Russian city of Kaluga to S8 Capital, the Frankfurter Allgemeine daily reported on Wednesday. Without citing its sources, the newspaper said that Continental’s supervisory board wanted to sell the plant to S8 but was waiting for approval from Russian authorities. A spokesperson for …

Continental plans to sell Russian tyre plant to S8 Capital -FAZ Read More »

LONDON (Reuters) – British finance minister Jeremy Hunt said on Wednesday that inflation running above 10% was destabilising for the economy and the government had a plan to bring it down. “When inflation is above 10%, it is destabilising for the economy. It is not a good place to be, ultimately it is dangerous if …

UK finance minister Hunt: inflation above 10% is destabilising Read More »

By Tim Hepher and Valerie Insinna PARIS/WASHINGTON (Reuters) – Planemakers have signalled a shift in production strategy to make factories more resilient to recent supply disruptions by adding “surge capacity,” even where that means extra cost. Leaders of Airbus and Boeing have both used the term in recent days – which can include expanding factory …

Analysis-Planemakers talk up ‘surge capacity’ amid industrial woes Read More »