By Tom Wilson LONDON (Reuters) -Britain’s accounting watchdog said on Thursday it had fined Deloitte LLP more than 900,000 pounds ($1.09 million) over its audits of building materials supplier SIG plc for the 2015 and 2016 financial years. The Financial Reporting Council (FRC) said it had imposed a penalty of 1.25 million pounds on Deloitte …
By Farouq Suleiman and Paul Sandle LONDON (Reuters) -Thousands of ambulance workers in England and Wales walked out over pay on Wednesday, increasing the strain on a state-funded health service a day after nurses went on strike, as government ministers advised the public to avoid taking risks. The government said the “deeply regrettable” strike would …
Thousands of UK ambulance staff strike as public urged to avoid risks Read More »
By Arriana McLymore NEW YORK (Reuters) – With three days to go before Christmas, retailers across the United States and Europe face a turbulent end to a drawn-out, mostly disappointing holiday shopping season. Friday, Dec. 23, is slated to be the second-busiest U.S. shopping day of this year behind Black Friday, according to data firm …
Retail traffic data highlights 2022 holiday winners and losers Read More »
By Giuseppe Fonte and Angelo Amante ROME (Reuters) -Italy’s Prime Minister Giorgia Meloni on Wednesday approved a decree to sell an initial minority stake in ITA Airways with the aim of facilitating the full privatisation of the state-owned carrier, a government statement said on Wednesday. A draft of the decree seen by Reuters stipulated that …
Italy lays out conditions for ITA Airways sale, likely to Lufthansa Read More »
LONDON (Reuters) – Cyber mutual insurer Miris has received an operating license from Belgian regulators and will start offering insurance from Jan. 1, it said on Wednesday, as it looks to capitalise on increasing demand for cyber cover due to rising attacks. The new insurer has signed up 12 European corporate clients and is talking …
MILAN (Reuters) -Italy is preparing to cap at 240,000 euros ($254,496) the yearly pay of top executives hired from 2023 in banks rescued by the state, a move that has bearings for the reappointment of Monte dei Paschi’s (MPS) chief executive. Rome owns 64% of the Tuscan bank after rescuing it in 2017. A Chamber …
Italy to cap Monte dei Paschi CEO’s annual pay at 240,000 euros Read More »
ROME (Reuters) – An airline company must end up with a majority stake in ITA Airways after the privatisation process of the state-owned carrier is concluded, an Italian government decree seen by Reuters said. In the meantime, the Treasury should have a say on the new shareholders, the decree stipulated. Sources had previously told Reuters …
Italy lays out conditions for ITA Airways privatisation – draft decree Read More »
MADRID (Reuters) -The Spanish Senate gave the final approval to a windfall tax on banks and large energy companies on Wednesday, designed to alleviate the cost of living crisis, although largely leaving out smaller local lenders and foreign banks’ units in Spain. The banking tax imposes a 4.8% charge on banks’ net interest income and …
Spain approves banking tax, excludes most foreign bank units Read More »
By Johann M Cherian and Shristi Achar A (Reuters) -Britain’s main stock indexes jumped on Wednesday after upbeat earnings from Nike lifted Wall Street and offset worries about the British economy after data showed public borrowing hit a November record. The blue-chip FTSE 100 rose 1.7% at the session’s close and the midcap FTSE 250 …
By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -European shares rose on Wednesday, as banks extended gains and upbeat results from Nike boosted the region’s battered retail sector, while improving economic outlook for the euro zone also lifted sentiment. The region-wide STOXX 600 index closed 1.7% higher, with consumer discretionary firms such as Adidas and …
European shares post best day in nearly 6 weeks as upbeat Nike results lift retailers Read More »
