Reuters UK Business

Europe regulator says ‘hopefully converging’ with Boeing on 777X

(Corrects title of agency to add dropped word ‘Union’ in para 1) (Reuters) – Boeing and European regulators are “hopefully converging” in talks over design requirements for the future 777X airliner, the head of the European Union Aviation Safety Agency (EASA) said on Tuesday. The agency has been seen at odds with Boeing for more …

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JPMorgan-backed Smart Pension to raise more than 100 million stg in equity -sources

By Amy-Jo Crowley and Pablo Mayo Cerqueiro LONDON (Reuters) – Smart Pension, a British pension services provider backed by JPMorgan and Legal & General, is in discussions with investors to raise more than 100 million pounds ($123.13 million) worth of equity capital, two sources close to the matter told Reuters. The company has hired U.S. …

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Barclays names former Credit Suisse dealmaker Deasy as investment banking co-head

LONDON (Reuters) -Barclays has appointed former Credit Suisse dealmaker Cathal Deasy as co-head of investment banking, the lender said on Tuesday, as Chief Executive C.S. Venkatakrishnan seeks to grow the business and plan for succession. Deasy will work alongside Taylor Wright, the co-head of global capital markets, the British bank said. The changes were part …

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UK minister discusses trade with U.S. special envoy to N. Ireland -statement

LONDON (Reuters) – British minister Chris Heaton-Harris met the U.S. Special Envoy to Northern Ireland in Washington and discussed ways to increase trade and investment opportunities, the British government said on Tuesday. “It was brilliant to meet Joe Kennedy III for the first time in person and hear about his plans for the Special Envoy …

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FTSE 100 dips after weak economic data fans recession fears

By Shashwat Chauhan and Shristi Achar A (Reuters) – UK’s blue-chip index closed in the red on Tuesday, with healthcare and commodity stocks leading losses after data showed British private-sector economic activity fell at its fastest rate in two years in January. The FTSE 100 closed the session 0.4% lower, with drugmaker AstraZeneca and miner …

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UK’s online clothing market may have reached maturity -AB Foods finance chief

LONDON (Reuters) – The maturity of Britain’s online clothing market should be questioned after its share retreated in the Christmas trading period, the finance chief of Primark’s owner said on Tuesday. “You’ve got to start to question the maturity of online in the United Kingdom,” John Bason, finance director of Associated British Foods, told Reuters, …

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Rail strikes fail to derail Christmas sales for UK pub group Marston’s

By Aby Jose Koilparambil (Reuters) -UK pub group Marston’s on Tuesday posted year-end holiday sales above pre-pandemic levels, as its predominant regional presence shielded it from the impact of train strikes that weighed on rival city-focused hospitality businesses. Shares in the FTSE Small Cap firm rose more than 4% in morning trade. Marston’s has over …

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UK’s Capricorn Energy says chair, CEO step down from board

(Reuters) -Capricorn Energy’s chairperson, chief executive and three other directors have quit the board after weeks of shareholder pressure led by activist investor Palliser Capital to rejig the British oil and gas producer’s board. Chairperson Nicoletta Giadrossi, CEO Simon Thomson and the directors stepped down from the board with immediate effect, the company said. James …

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Industrial tech group Hexagon flags positive momentum

STOCKHOLM (Reuters) – Industrial technology group Hexagon on Tuesday proposed a 9% increase to its dividend, with the Swedish company’s new CEO flagging “good momentum” going into 2023. The maker of measurement and positioning systems and software had released fourth-quarter earnings on Monday after information security concerns prompted it to report results earlier than planned. …

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