Reuters UK Business

By Suban Abdulla LONDON (Reuters) – Demand for rental homes in Britain rose in October as prospective first-time buyers put off purchases amid the surge in mortgage rates, property website Rightmove said on Friday. Enquiries from people looking for properties to rent jumped by 23% compared to October 2021 and the total number of those …

High mortgage rates push UK first-time buyers towards rental market – Rightmove Read More »

By Elisa Anzolin MILAN (Reuters) – The buyout of Atlantia will cut another 19 billion euros ($19.5 billion) from the value of the Milan bourse and bring to 12 the number of companies to leave the stock exchange this year, fuelling fears about its standing. Legislators and regulators want to reverse the trend and reinforce …

Atlantia exit highlights Milan’s battle to retain market heavyweights Read More »

BERLIN (Reuters) – The German economy grew slightly more in the third quarter than suggested by preliminary figures on the back of consumer spending, adding to signs that a coming recession will not hit as hard as initially feared, data showed on Friday. Europe’s largest economy expanded by 0.4% quarter on quarter and by 1.3% …

German GDP growth raises hopes of less severe recession Read More »

PARIS (Reuters) – A planned French windfall tax on energy companies’ profits during Europe’s current energy crisis would likely cost debt-laden nuclear giant EDF around 5 billion euros ($5.20 billion) next year, newspaper Les Echos reported on Thursday. The levy, which is part of the 2023 fiscal bill parliament is currently deliberating, would make EDF …

EDF could lose 5 billion euros from France’s windfall tax -Les Echos Read More »

By Akriti Sharma (Reuters) – Adidas AG on Thursday said it has launched an investigation into allegations of inappropriate behavior by Kanye West, after the German sporting goods maker last month ended its partnership with the rapper and fashion designer. Adidas said it initiated the probe after receiving an anonymous letter making several allegations against …

Adidas launches probe into misconduct allegations against Kanye West Read More »

ZURICH (Reuters) -Credit Suisse has made 889 million new shares available to existing investors at 2.52 Swiss francs ($2.67) per share, the bank said on Thursday, confirming the final terms of its 4 billion franc capital hike. The capital increase, which was approved by investors on Wednesday, is intended to fund the embattled bank’s turnaround …

Credit Suisse offers 889 million shares to existing investors in $4 billion capital hike Read More »

By Corina Pons MADRID (Reuters) – Dozens of Zara shop assistants protested in Madrid on Thursday outside the global fashion giant’s largest store to demand higher pay, and some workers in its home town in northwest Spain went on strike on the eve of its Black Friday sales campaign. Zara owner Inditex agreed last week …

Zara workers in Spain start protests to demand higher pay Read More »

MILAN (Reuters) – Franco-Italian carmaker Stellantis said on Thursday it would reorganise its European dealers’ network in July next year, starting from Austria, Belgium, Luxembourg and the Netherlands. “The rest of Europe will progressively follow in the implementation of the new distribution scheme”, the group born from the merger of Fiat Chrysler and France’s PSA …

Stellantis to reorganise European dealer network from July 2023 Read More »

PARIS (Reuters) – Twitter has met a Thursday deadline to respond to France’s communications regulator about whether the company can meet its legal obligations, a spokesperson for the regulator said. Arcom sent a letter on Monday to Twitter asking if it can meet its legal obligation to guarantee transparent information in spite of steep job …

Twitter meets deadline to reply to French regulator’s query Read More »

(Reuters) – An arbitration court in Moscow has upheld a 2-billion rouble ($33 million) fine against Google issued by Russia’s federal anti-monopoly service over the company’s decision to block some YouTube channels, the RIA Novosti news agency reported, citing a court decision. (Reporting by Reuters; Editing by Kevin Liffey)