Reuters UK Business

By Amruta Khandekar (Reuters) – European shares rose for the fourth straight session on Tuesday, building on the previous session’s rally that was driven by Britain’s historic reversal its fiscal plan, with investors keeping a watch on earnings to gauge the economic outlook. The region-wide STOXX 600 index was up 0.9% by 0826 GMT, hitting …

European shares at near two-week high amid UK fiscal plan optimism Read More »

ROME (Reuters) – Ryanair boss Michael O’Leary described the current economic situation in Britain as a “car crash” which he blamed on the country’s decision to leave the European Union. “The mini budget was a kind of spectacular failure of the whole concept of Brexit,” he said during a news conference in Rome, adding that …

Ryanair boss O’Leary blames Brexit for UK economy woes Read More »

By Marwa Rashad and Belén Carreño LONDON/MADRID (Reuters) -Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this “exceptional situation”. Europe is facing an energy supply …

Dozens of LNG-laden ships queue off Europe’s coasts unable to unload Read More »

By Foo Yun Chee BRUSSELS (Reuters) – More than 40 European rivals to Google’s shopping service urged EU antitrust regulators on Monday to use newly adopted tech rules to ensure the Alphabet unit complies with a 2017 EU order to allow more competition on its search page. The European Commission fined Google 2.4 billion euros …

Exclusive-Scores of Google rivals want EU tech law used in antitrust case – letter Read More »

By John Revill and Oliver Hirt ZURICH (Reuters) -Credit Suisse Group AG has approached at least one Middle Eastern sovereign wealth fund for a capital injection, a source said, while some funds are looking at the scandal-hit Swiss bank’s businesses as potential investment opportunities. Abu Dhabi and Saudi Arabia were weighing up, through their sovereign …

Credit Suisse looks for capital from Mideast, top banker to leave Read More »

By Kirstin Ridley LONDON (Reuters) – A former London-based Goldman Sachs banker alleges he was unfairly dismissed with a “woeful” lack of proper procedure after whistleblowing on 10 occasions and that he was forced to deal with “vile and bullying language”. Thomas Doyle, the former EMEA head of synthetic swap sales, alleges he was fired …

Ex Goldman banker claims he was “fired for whistleblowing” Read More »

(Reuters) – Credit Suisse Group AG has recently begun a sale process of its U.S. asset management arm, Bloomberg News reported on Monday, citing people familiar with the matter. The unit, which includes a platform for investing in collateralized loan obligations, is expected to draw interest from private equity firms, the report said, adding that …

Credit Suisse starts sale of U.S. asset management arm – Bloomberg News Read More »