Reuters UK Business

By Elizabeth Howcroft LONDON (Reuters) – Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a record high after sterling dropped on Monday, according to market data firm Kaiko Research, in what analysts said was likely a rush by investors to dump their sterling for the digital asset or profit from arbitrage. …

Bitcoin-sterling volumes spike to record high as British currency flounders Read More »

By Nina Chestney LONDON (Reuters) -If Moscow carries out a threat to sanction Ukrainian energy firm Naftogaz, one of the last functioning Russian gas supply routes to Europe could be shut, exacerbating the energy crisis just as the crucial winter heating season begins. Naftogaz initiated a new arbitration proceeding against Gazprom earlier this month, saying …

Analysis-Russia’s Ukraine gas transit sanction threat a fresh blow for Europe Read More »

(Corrects name of conference to Delivering Alpha in first paragraph) WASHINGTON (Reuters) – The collapse of the British pound and subsequent sell off in the country’s bond market in recent days do not pose systemic risks but will affect global markets, PIMCO chief investment officer Dan Ivascyn told the CNBC Delivering Alpha conference in New …

PIMCO CIO says UK market chaos not systemic but will have global impact Read More »

FRANKFURT (Reuters) – Shares in Porsche AG will be issued at 82.50 euros per share, the top end of an initial range given earlier this month, parent Volkswagen said on Wednesday. Volkswagen had set the pricing range at 76.50-82.50 euros a share for Porsche AG’s initial public offering, and bookmakers earlier this week suggested that …

Porsche shares to be issued at 82.50 eur/shr Read More »

By Benjamin Mallet and Silvia Aloisi PARIS (Reuters) -French oil major TotalEnergies said it would increase investments and ramp up production of liquefied natural gas (LNG) as it laid out its strategy for a possible future without Russia – while still stopping short of severing links. Unlike rivals such as BP and Shell, TotalEnergies has …

TotalEnergies to ramp up LNG production as it shifts away from Russia Read More »

By Gleb Stolyarov MOSCOW (Reuters) – Russia’s aviation industry will aim to go it alone without the West, using locally built parts to produce 1,000 airliners by 2030 and end a reliance on Boeing and Airbus, state-owned engineer Rostec said. The remarks from Rostec, a vast state corporation headed by a close ally of President …

Exclusive-Russia aiming to fly solo without Airbus and Boeing Read More »

By James Davey LONDON (Reuters) -British online fashion retailer Boohoo on Wednesday warned on full year sales and profit, blaming the worsening macro-economic and consumer backdrop as it reported a 58% fall in first-half core earnings. Shares in the group were down 10% at 0838 GMT, extending 2022 losses to 73%, after it said it …

Britain’s Boohoo cuts outlook as consumers rein in spending Read More »

LONDON (Reuters) – UK corporate bond prices are headed for their biggest monthly fall since the 1990s, two indexes showed on Wednesday, as the fallout from the British government’s “mini-Budget” reverberates across markets. The Markit iBoxx Sterling Corporate Bond Index has fallen 10.2% so far in September to a price of 296, putting it on …

UK corporate bonds headed for biggest monthly selloff since 1990s Read More »