Reuters UK Business

(Reuters) – British publicly-owned broadcaster Channel 4 is exploring whether it could be acquired by a non-profit trust as an alternative to a commercial privatisation, the Telegraph reported on Saturday. The report said the broadcaster is considering whether it could raise money from foundations and charities but added that discussions are at an early stage …

UK’s Channel 4 explores non-profit trust ownership – The Telegraph Read More »

By Krisztina Than BUDAPEST (Reuters) -Hungary will include variable-rate loans to small- and medium-sized businesses in a scheme designed to cap loan rates and avoid a recession, Minister for Economic Development Marton Nagy said, adding banks could “easily” bear the cost of the measure. With inflation above 20% and still rising, and the economy slowing, …

Banks to pay as Hungary extends scheme to cap loan rates Read More »

By Kirstin Ridley LONDON (Reuters) – Goldman Sachs and a banker are drawing a line under a London lawsuit over the former employee’s dismissal last year with no financial value attached to whistleblowing claims, both parties have confirmed. A lawyer for Thomas Doyle, the bank’s former EMEA head of synthetic swap sales, on Saturday confirmed …

Goldman, banker agree settlement terms over London dismissal lawsuit Read More »

By Pamela Barbaglia, David French and Anirban Sen (Reuters) – Money managers such as Janus Henderson Group and investment firms including Blue Owl Capital Inc are weighing potential offers for Credit Suisse Group AG’s U.S. asset management unit, people familiar with the matter said on Friday. The Swiss bank is seeking buyers for the business …

Exclusive-Credit Suisse U.S. asset manager draws interest from Janus, Blue Owl, others -sources Read More »

(Refiles to add reporting credits) (Reuters) – UK Chancellor Jeremy Hunt is set to propose a stealth rise in income tax after the next elections to fill a fiscal hole of 40 billion pounds ($45.21 billion), the Financial Times reported on Friday, citing two government sources briefed on his plan. Hunt will extend the current …

UK’s Hunt to propose ‘stealth’ income tax rise to fill 40 billion pound fiscal hole-FT Read More »

LONDON (Reuters) – Investors sold British government bonds on Friday as they faced uncertainty about what the race to become the next UK prime minister could mean for attempts by finance minister Jeremy Hunt to restore the country’s fiscal credibility. Yields on 2-, 5-, 10- and 20-year gilts rose more strongly than those of equivalent …

Investors sell UK bonds as new race for PM job raises risks Read More »

HAMBURG (Reuters) – Aurubis, Europe’s biggest copper smelter, said on Friday it is starting a series of tests using ammonia to reduce carbon emissions in copper rod production. A first delivery of blue, low-carbon ammonia has arrived at Aurubis’ main plant in Hamburg from the United Arab Emirates, the company said. The Abu Dhabi National …

Aurubis tests ammonia for low-carbon copper product output Read More »