Reuters UK Business

By Paul Sandle and Pushkala Aripaka LONDON (Reuters) -Britain’s competition watchdog on Tuesday launched an in-depth investigation into the dominance of the mobile browsers of Apple and Google. Responses to a consultation it launched in June revealed “substantial support” for a fuller investigation into the matter and into whether iPhone-maker Apple restricts cloud gaming through …

UK investigating Apple, Google mobile browser dominance Read More »

By Virginia Furness LONDON (Reuters) – Europe’s largest fund manager Amundi has downgraded 100 funds with 45 billion euros ($46.28 billion) in assets to a lower level of sustainability under European Union rules ahead of new reporting requirements going live in January. The move comes as regulators take a tougher line on funds’ environmental, social …

Amundi cuts EU sustainability grade of 100 funds Read More »

BERLIN (Reuters) – Germany’s finance ministry aims to introduce a 33% tax on oil and gas companies that have benefited from windfall profits, Die Welt newspaper reported on Tuesday. Citing a draft document, Die Welt said companies in the oil, gas, coal and refining sectors whose profits for this and next year are more than …

German finance ministry wants 33% windfall tax on energy firms – Die Welt Read More »

LONDON (Reuters) – Britain’s government has delayed a parliamentary vote on its housebuilding plans after dozens of its Conservative lawmakers signalled they wanted to change sections of it, in the first threat of rebellion against Prime Minister Rishi Sunak. A vote scheduled for Monday on the Levelling-up and Regeneration Bill will no longer go ahead, …

UK delays vote on housing legislation after lawmakers threaten rebellion Read More »

By David Milliken LONDON (Reuters) – Britain’s government may need to pay the Bank of England more than 30 billion pounds ($36 billion) next year and also in 2024 to cover losses on its quantitative easing (QE) programme, a report released by the central bank on Tuesday showed. The BoE started buying government bonds in …

Bank of England projects more than 30 billion pounds of annual QE losses Read More »

LONDON (Reuters) – Thousands of British railway workers will stage further strikes over the next two months in a long-running dispute over pay, the RMT union said on Tuesday, signalling travel disruption before and after the Christmas holiday period. Over 40,000 rail workers will go on strike on Dec. 13-14, 16-17, Jan. 3-4 and 6-7, …

UK rail workers to strike before and after Christmas Read More »

LONDON (Reuters) – Providers of environment, social and governance (ESG) ratings on companies will be asked to apply a voluntary best practice code as a first step to regulating the sector, Britain’s Financial Conduct Authority said on Tuesday. Trillions of dollars have flowed into sustainable investments globally using unregulated ESG ratings on companies as a …

Britain takes first step to regulate company ESG raters Read More »

BERLIN (Reuters) – Germany’s economic picture has become slightly brighter, with improvements in gas supply, in particular, having an effect, the head of Germany’s Ifo institute told Reuters on Tuesday. Clemens Fuest said an unexpected month-on-month fall in producer prices and easing supply chain disruptions are cause for optimism, but “the most important point is …

Energy supply improvements brighten Germany’s economic picture -Ifo Read More »

By Ron Bousso LONDON (Reuters) – North Sea oil and gas producers hit back after Britain’s decision to raise a windfall tax on the sector, warning the move risked jeopardizing investment in the ageing basin and could cut output just as Britain seeks to boost domestic production. Energy giants Shell and Equinor said they were …

Britain’s windfall tax risks North Sea cash flight, output drop, industry warns Read More »

(Reuters) – Britain’s competition watchdog said on Tuesday U.S.-listed oilfield services firm Baker Hughes Co’s acquisition of Altus Intervention could reduce competition among UK oil and gas operators. The Competition and Markets Authority (CMA) said it was concerned that the loss of rivalry between the merging companies could lead to higher prices, reduced choice and …

UK says Baker Hughes-Altus deal may hurt competition in oil well services Read More »