Reuters UK Business

(Reuters) -Britain’s financial regulator is investigating Barclays PLC for suspected failings in its compliance and anti-money laundering systems, the Financial Times reported on Friday. The Financial Conduct Authority (FCA) requested an independent review of Barclay’s systems last year after noting the number of anti-money laundering incidents, the newspaper reported, citing people familiar with the matter. …

UK regulator probes Barclays over anti-money laundering systems -FT Read More »

ZURICH (Reuters) – Credit Suisse shares looked set to continue their slide on Friday after the bank’s reported its latest heavy losses on Thursday and the Swiss regulator said it was watching the situation ‘very closely.” The bank’s shares were indicated 1.1% lower in premarket activity on the Swiss Market Index on Friday. Credit Suisse’s …

Credit Suisse shares look set to continue sell-off Read More »

MADRID (Reuters) – Zara-owner Inditex reached an agreement to raise salaries in its Spanish stores by an average 20%, the UGT union said on Thursday night. The salary increases reached as much as 40% in the areas of Spain that were the least well paid, UGT said in a statement. The increase means that Inditex …

Zara owner Inditex agrees to 20% pay rise in Spain Read More »

MILAN (Reuters) – Italy’s biggest utility Enel reported on Thursday better than expected core profits and an improvement in its net financial position for 2022. The group, which will report final 2022 results on March 16, said preliminary ordinary core earnings for last year came in at 19.7 billion euros, above a 19.0-19.6 billion euro …

Italy’s Enel reports better than expected core profits, lower debt Read More »

By Jody Godoy (Reuters) – Meta Platforms Inc investors formally asked a U.S. appeals court to revive a proposed class action accusing the Facebook parent of concealing a serious privacy breach that let a political consulting firm harvest users’ personal information. The request came during oral arguments on Wednesday before the 9th U.S. Circuit Court …

Facebook investors urge revival of Cambridge Analytica fraud case Read More »

By David Milliken LONDON (Reuters) – The Bank of England missed a 650 million pound ($790 million) bond sales target by 29 million pounds on Thursday, the first time it has failed to get enough demand at one of the auctions that make up its new quantitative tightening (QT) programme. The BoE is the only …

Bank of England misses gilt auction sales target for first time Read More »

By Kate Abnett BRUSSELS (Reuters) – Greenpeace will take the European Commission to court over its decision to include gas and nuclear energy in the EU’s list of investments that can be labelled as “green”, the campaign group said on Thursday. Greenpeace requested a formal review in September of the Commission’s decision, arguing the European …

Greenpeace to sue EU over ‘green’ label for gas and nuclear Read More »

MADRID (Reuters) – Algeria regained its place as Spain’s main supplier of natural gas in January, providing a quarter of monthly demand, gas grid operator Enagas said on Thursday. While the North African country had accounted for the largest volumes of monthly gas shipments to Spain since Enagas records started in 2006, it fell to …

Algeria regains spot as Spain’s top natural gas source -Enagas Read More »