Reuters UK Business

LONDON (Reuters) – Companies are spending up to half a million dollars a year on a sustainability rating to meet investor demands for such data, yet are often dissatisfied with the results, new research shows. Publicly-listed companies spend, on average, between $220,000 and $480,000 on ratings-related costs per year, with their private counterparts being billed …

Companies pay up to $500,000 for sustainability ratings – report Read More »

By Giuseppe Fonte and Gavin Jones ROME (Reuters) – The European Commission has frozen an overdue 19-billion-euro ($20.50 billion) tranche of post-pandemic funds for Italy, requesting clarification over Rome’s efforts to meet the “targets and milestone” needed to unlock the money. Italy and the Commission “agreed to extend the assessment phase by one month to …

EU seeks clarification on Italy post-COVID plan, freezes 19 billion euros Read More »

By William Schomberg and Andy Bruce LONDON/MANCHESTER (Reuters) -Bank of England Governor Andrew Bailey signalled on Monday that interest rate-setters would focus on fighting inflation and would not be swayed unduly by worries about the health of the global banking system. Some investors have argued that central banks should take into account the banking turmoil …

BoE’s Bailey says rate-setters can put inflation before bank worries Read More »

By Klaus Lauer and Tom Sims BERLIN/FRANKFURT (Reuters) -Airports and bus and train stations across Germany were at a standstill on Monday morning, causing disruption for millions at the start of the working week during one of the largest walkouts in decades as Europe’s biggest economy reels from inflation. The 24-hour strikes called by the …

Largest strike in decades brings Germany to a standstill Read More »

By Gergely Szakacs and Krisztina Fenyo BUDAPEST (Reuters) – Soaring inflation is taking the steam out of Hungary’s wedding market, supercharged in recent years by Prime Minister Viktor Orban’s lavish family support measures, with the number of weddings plunging to a nine-year-low at the start of 2023. Nationalist Orban, in power since 2010, has launched …

Hungary’s booming wedding market doused by soaring inflation Read More »

ZURICH (Reuters) – Sight deposits held by the Swiss National Bank (SNB) jumped last week, data showed on Monday, suggesting that both Credit Suisse and UBS may have taken big chunks of emergency liquidity to secure their merger. Sight deposits – cash held by the SNB for commercial banks overnight – jumped to 567 billion …

Swiss sight deposits jump, suggesting Credit Suisse, UBS took emergency liquidity Read More »

By Stefano Rebaudo (Reuters) – Sterling edged higher on Monday, with investors’ appetite for risky assets returning as they awaited a speech from Bank of England (BoE) governor Andrew Bailey later in the day. News of a buyer being found for deposits and loans at Silicon Valley Bank in the U.S. cast an uneasy calm …

Sterling edges higher as investors await BoE Bailey speech Read More »

By Johann M Cherian (Reuters) -UK equities surged on Monday, as bank stocks rebounded on hopes that the turmoil in the sector will be contained following the buyout of Silicon Valley Bank, while AstraZeneca rose after it gave a positive update on a drug trial. Banks rose 0.8%, after tanking 3% in the previous session, …

UK stocks start the week higher as banks, AstraZeneca climb Read More »