Reuters UK Business

By Amanda Ferguson BELFAST (Reuters) – Northern Irish business groups welcomed the certainty a new EU-UK deal on post-Brexit trade rules for the region provided for impacted businesses and urged politicians to do likewise and restore the local power-sharing government. British Prime Minister Rishi Sunak said on Monday that he succeeded in removing “any sense …

Northern Ireland business groups welcome Brexit deal ‘certainty’ Read More »

By Foo Yun Chee BRUSSELS (Reuters) -U.S. chipmaker Broadcom is set to receive an EU antitrust warning about the possible anti-competitive effects of its proposed $61 billion bid for cloud computing company VMware in the coming weeks, people familiar with the matter said. The European Commission opened an investigation in December, saying the deal, announced …

Exclusive-Broadcom faces EU antitrust warning on $61 billion VMware deal – sources Read More »

By James Davey LONDON (Reuters) – As Britain entered a third week of shortages of salad items, the government told big supermarket groups to re-examine their relationships with farmers. On Monday, Lidl GB followed market leader Tesco, Asda, Morrisons and Aldi in imposing customer purchase limits on tomatoes, cucumbers and peppers after supplies across the …

UK salad crisis: Government tells grocers look again at farmer relationships Read More »

STOCKHOLM (Reuters) – Germany has asked the European Union to propose rules allowing combustion-engine cars that run on CO2-neutral fuels to be sold in Europe after 2035, the date by which the EU has agreed all new cars should have zero emissions. Under the landmark law agreed by the EU last year requiring that by …

Germany asks EU for wiggle room on combustion engine phaseout Read More »

By Chiara Elisei LONDON (Reuters) – European high yield corporate debt is increasingly vulnerable as the global economy slows, suggesting a higher risk of defaults, Deutshe Bank said in a note on Monday. While the sector spans issuers rated BB+/BA1 and below, those with a single-B rating or lower now make up 38% of Deutsche’s …

European high yield debt looks increasingly vulnerable, Deutsche Bank says Read More »

By Sergio Goncalves LISBON (Reuters) -Portugal’s largest listed bank, Millennium bcp, posted on Monday a 50.3% jump in 2022 consolidated net profit, with interest rate hikes boosting the group’s core income, despite heavy losses at its Polish subsidiary. The bank netted 207.5 million euros ($219.9 million) last year, up from 138 million euros in 2021. …

Portugal’s Millennium bcp 2022 profit jumps 50% Read More »

By Andrew MacAskill LONDON (Reuters) – Britain and the European Union announced a new deal for post-Brexit trading arrangements for Northern Ireland on Monday in a bid to end a row that has overshadowed their ties since Brexit. The deal seeks to resolve the tensions caused by the Northern Ireland protocol, a complex agreement which …

Factbox-Britain’s new Brexit trade deal – what has been agreed? Read More »

By David Lawder (Reuters) -U.S. Treasury Secretary Janet Yellen said on Monday that Russia should bear the costs of damage caused by its invasion of Ukraine, but there are “significant legal obstacles” to confiscating major frozen Russian assets. Yellen, speaking to reporters by phone during a surprise trip to Kyiv, said the the United States …

Yellen says legal obstacles remain on seizure of Russian assets to aid Ukraine Read More »

By Diana Mandia (Reuters) -Dutch postal firm PostNL on Monday forecast a 2023 operating profit significantly below market expectations and said it would cut between 200 and 300 jobs this year to reduce costs, sending its shares down 12%. The group, which delivers parcels and letters across Belgium, the Netherlands and Luxembourg, said price adjustments …

PostNL profit forecast well below market expectations, to cut jobs Read More »