Reuters UK Business

BRUSSELS (Reuters) – Euro zone economic sentiment fell sharply and by more than expected in September, data showed on Thursday, as confidence dropped among companies and consumers, who are also downbeat about price trends in the coming months. The European Commission’s monthly economic sentiment index fell to 93.7 points in September from a downwardly revised …

Euro zone economic sentiment falls sharply as inflation expectations rise Read More »

LONDON (Reuters) – Yields on British government bonds rose moderately on Thursday, a day after they plunged when the Bank of England said it would temporarily buy long-dated debt in a bid to quell a gilts sell-off that threatened the country’s pension funds. Thirty-year gilt yields, which surged to a 20-year high above 5% on …

UK gilt yields rise after plunging on BoE action Read More »

FRANKFURT (Reuters) – Shares in sports car maker Porsche AG, maker of the iconic 911 model, started trading in Frankfurt on Thursday in what marks Germany’s second-biggest ever listing. Here are key facts about the structure of the listing: SHARE CAPITAL – Porsche’s share capital was split in two, with 455.5 million ordinary shares and …

Factbox-The structure of the Porsche IPO Read More »

(Reuters) – Spanish prices rose 9.3% in the 12 months to September, National Statistics Institute data showed on Thursday, a fall of more than 1 percentage point, thanks to a public transportation price cut and an electricity price slowdown. The reading was the lowest since May and lower than the 10.1% forecast by analysts polled …

Spanish September inflation down to 9.3% on energy, transport Read More »

By Victoria Waldersee and Emma-Victoria Farr FRANKFURT (Reuters) -Porsche AG shares made a steady start on Thursday after Volkswagen defied volatile markets to list the sports car brand at a valuation of 75 billion euros ($72 billion) in Germany’s second-biggest market debut ever. Volkswagen priced Porsche AG shares at the top end of the indicated …

Porsche makes steady start after bumper $72 billion listing Read More »

By Laura Sanicola (Reuters) -BP Plc laid off most contractors at the approximately 160,000 barrel-per-day Toledo, Ohio, refinery it owns with Cenovus Energy Inc, according to sources familiar with the matter on Wednesday, indicating that the plant will experience a prolonged shutdown following last week’s explosion and fire. The explosion killed two United Steelworkers members, …

BP layoffs at Ohio refinery after fire indicate prolonged shutdown Read More »

By Nia Williams (Reuters) -TotalEnergies said on Wednesday it is looking to spin off its Canadian oil sands operations and list the new company on the Toronto Stock Exchange, as the assets do not fit with the French oil major’s low-emissions strategy. At an investor presentation in New York, TotalEnergies said the proposal would be …

France’s TotalEnergies plans to spin off Canadian oil sands assets Read More »

By Nell Mackenzie (Reuters) – The wild swings seen in British markets provided an “opportunity of a lifetime” to trade currencies and bonds, hedge funds and traders said on Wednesday. Sterling and British gilts were whipsawed after the Bank of England stepped into stem a rout in bond markets triggered by Friday’s mini-budget. The BoE …

Wild UK market swings ‘opportunity of a lifetime’ for hedge funds Read More »

By Elvira Pollina MILAN (Reuters) – Apax Partners, Three Hills Capital Partners, Carlyle Group and Searchlight Capital have approached Serie A expressing interest in investing into the media business of Italy’s top flight soccer league, three sources close to the matter said on Wednesday. The approach by the four private equity firms comes after Serie …

Private equity funds approach Italy’s Serie A to explore media rights deal – sources Read More »

By Sheila Dang and Katie Paul (Reuters) -Some major advertisers including Dyson, Mazda and chemicals company Ecolab have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters. Brands ranging from Walt Disney Co, NBCUniversal and Coca-Cola Co to a children’s …

Exclusive-Brands blast Twitter for ads next to child pornography accounts Read More »