Reuters UK Business

LONDON (Reuters) – The British Telecom pension scheme, one of Britain’s largest, lost around 11 billion pounds ($12.44 billion) in assets in recent weeks, it said in its annual report on Tuesday, as bond yields soared following the UK government’s botched ‘mini-budget’. “Following the year-end, there was a significant fall in the value of the …

BT pensions scheme lost $12 billion in assets after UK ‘mini-budget’ -annual report Read More »

By Stephen Nellis (Reuters) – Adobe Inc on Tuesday released a set of new software tools designed to make it easier to create three-dimensional digital objects for marketing campaigns, video games and the metaverse. With its graphic design and photo editing tools, Adobe has long dominated the market for two-dimensional content creation, a position it …

New Adobe software tools aim to aid 3D content creation for metaverse Read More »

By Sruthi Shankar (Reuters) – UK’s main equity indexes hit their strongest levels in more than a week on Tuesday, boosted by the historic reversal of the government’s unfunded tax cut plans and optimism over the earnings season that boosted U.S. stocks overnight. The blue-chip FTSE 100 gained 0.9% to hit its highest since Oct. …

London stocks hit over one-week highs on UK policy reversal optimism Read More »

By Stine Jacobsen COPENHAGEN (Reuters) – A preliminary investigation of damages to the two Nord Stream gas pipelines in the Danish part of the Baltic Sea shows that the leaks were caused by “powerful explosions”, Copenhagen Police said on Tuesday. Swedish and Danish authorities are investigating four holes in the Nord Stream 1 and 2 …

‘Powerful explosions’ behind Nord Stream leaks, Danish police say Read More »

By Gabriela Baczynska and Charlotte Van Campenhout BRUSSELS (Reuters) – Croatia and Lithuania want a wholesale gas cap, Slovenia advocates a ceiling on liquefied gas only, while Finland and Slovakia disagree on direct subsidies, the countries said on Tuesday as the European Union grapples with an energy crunch. Germany – the bloc’s biggest economy and …

EU countries at odds over how to tackle energy crisis Read More »

By Ron Bousso and Carolyn Cohn LONDON (Reuters) -North Sea oil and gas producer Ithaca Energy said on Tuesday it is planning a London listing, stoking hopes for a fourth quarter recovery in a stock market overshadowed by the dismal economic outlook. The initial public offering (IPO) will test investors’ appetite for oil and gas …

UK North Sea firm Ithaca Energy plans London listing Read More »

LONDON (Reuters) – The Bank of England said on Tuesday that a report in the Financial Times about a new delay to the start of its sales of government bonds was inaccurate. “This morning’s FT report that the BoE has decided to delay MPC gilt sales (‘QT’) is inaccurate,” a spokesperson for the central bank …

Bank of England says report of decision to delay bond sales is inaccurate Read More »

MOSCOW (Reuters) -A Moscow court on Tuesday fined U.S. ecommerce giant Amazon.com Inc a total of 4 million roubles ($65,000) in two separate cases, Interfax reported. Interfax said the court ruled that Amazon had failed to delete material relating to drug use and “propagandising suicide”, both of which are illegal under Russian law. Although U.S.-based …

Russian court fines Amazon 4 million roubles for failure to delete illegal content Read More »