Reuters UK Business

MADRID (Reuters) – Caixabank, Spain’s biggest lender by domestic assets, has proposed a sector-wide measure to cushion the rise in payments on variable mortgage contracts for a year, a source with direct knowledge of the matter said on Tuesday. “The proposal foresees freezing the increase in payments on variable mortgages for twelve months,” the source …

Caixabank proposes sector-wide freeze in variable mortgage costs, source says Read More »

By Dominique Vidalon and Tassilo Hummel PARIS (Reuters) -The French government on Tuesday said it would requisition staff at some petrol depots as it battles to secure petrol supplies following weeks-long strikes, putting it on a collision course with the hardline CGT union as social tensions rise. After shying away at first from interfering in …

France orders some fuel staff back to work to tackle refineries strike Read More »

LONDON (Reuters) – Britain sold 900 million pounds ($996.66 million) of an index-linked gilt due in 2051 with bids worth 2.75 times the amount on offer, but at a very cheap price. The Debt Management Office said the 0.125% index-linked gilt sold with a yield – the return investors will receive on top of the …

UK sells 2051 linker with highest yield at auction since 2008 Read More »

FRANKFURT (Reuters) – German utility EnBW on Tuesday said it would raise retail gas prices by more than a third from December due to higher procurement costs, raising the bill for a typical four-person household by an additional 768 euros ($745) per year. From Dec. 1, 2022, prices will rise by an average 38% to …

EnBW to further rise retail gas prices as procurement costs spiral Read More »

MADRID (Reuters) – Ferrovial has reached an agreement to sell Amey Plc, its infrastructure services and engineering business in Britain, to buyout funds One Equity Partners and Buckthorn Partners, the Spanish company said on Tuesday. With an enterprise value of 400 million pounds ($441 million), the estimated equity value of the deal will be about …

Spain’s Ferrovial sells UK services business Amey Read More »

MILAN (Reuters) – Shares in Telecom Italia (TIM) slid on Tuesday after the company said potential bidders for its network assets had asked for more time to work on a deal. Under a preliminary agreement sealed in May and sponsored by Italy’s outgoing government, state lender CDP and TIM had aimed for a binding deal …

TIM shares slide after latest delay to network deal Read More »

By Silke Koltrowitz ZURICH (Reuters) – Swiss fragrance and flavour maker Givaudan on Tuesday said sales growth slowed in the third quarter, especially in its flavours business in North America, sending its shares down by more than 6%. Givaudan and its peers need to pass steep input cost increases on to consumers, something the Geneva-based …

Givaudan’s quarterly growth slows on North America weakness, shares fall Read More »

By Harry Robertson LONDON (Reuters) – Italian bond yields rose on Tuesday after a German official denied that the country’s government plans to support the issuance of joint European Union debt. German yields eased, having jumped the previous day after Bloomberg reported that the government would support issuing join EU debt to tackle the energy …

Italian bond yields rise after source denies Germany plans to issue joint debt Read More »