Reuters UK Business

LONDON (Reuters) – Finance executives at top British firms have reported the sharpest rise in optimism since late 2020 and the recent upheaval in the global banking sector has not dented the mood, a quarterly survey by Deloitte showed on Monday. The difference between chief financial officers who were more optimistic about their businesses’ prospects …

Big UK firms shrug off banking turmoil and turn more hopeful – Deloitte Read More »

By Alvise Armellini and Giuseppe Fonte ROME (Reuters) – The Covalis Capital hedge fund said on Monday it had presented an alternative list of candidates for the board of state-controlled utility Enel , in opposition to that put forward last week by the Italian government. In a statement, Covalis said that the system that led …

Covalis Capital presents alternative list of candidates for Enel board Read More »

(Reuters) – The Bank of England is considering a major overhaul of its deposit guarantee scheme, including boosting the amount covered for businesses and forcing banks to pre-fund the system to a greater extent to ensure faster access to cash when a lender collapses, The Financial Times reported on Sunday. The UK’s Financial Services Compensation …

Bank of England considering urgent reform of deposit guarantee scheme – FT Read More »

By Sybille de La Hamaide PARIS (Reuters) – French insect-based ingredients maker Ynsect will refocus its strategy on high-margin markets like pet food, shut a production plant and cut jobs after raising 160 million euros ($177 million) from investors, its chief executive said. The company, which is in talks for additional funding, will use the …

France’s Ynsect to refocus bug business after capital increase Read More »

BERLIN (Reuters) – Germany’s auto industry association VDA expects the number of electric passenger cars produced in Europe’s biggest economy to jump by 50% to over a million this year, due to rising foreign demand and carmakers ramping up e-mobility production. “We assume that the domestic production of electrically-powered passenger cars will increase by 50 …

German auto association sees 2023 electric passenger car output up 50% Read More »

By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy has put on hold plans to revive a scheme under which the state provides guarantees to help banks offload bad loans, three people close to the matter told Reuters on Friday. Earlier this year, the Treasury secured a preliminary agreement with European Union authorities to …

Italy puts renewal of ‘GACS’ bad loan scheme on hold, sources say Read More »

(Reuters) -Britain’s Royal Mail and the Communication Workers Union (CWU) have reached a proposed agreement over pay and employment terms, which will be considered by the union’s executive before being voted on by members, the two sides said in a joint statement. More than 110,000 postal staff at Royal Mail, owned by International Distributions Services, …

UK’s Royal Mail and union reach pay and employment terms deal Read More »