Dec 12 (Reuters) – Renault is shutting down car‑sharing services and slowing the rollout of fast‑charging stations at its Mobilize unit, which focuses on new transport solutions, as it seeks to funnel investments into more profitable ventures. As part of the reorganization, the French automaker will also reintegrate energy and data activities into the main group, …
ROME, Dec 12 (Reuters) – Italy plans to introduce a levy on small packages of goods sent from non-EU countries, targeting online platforms such as Shein, and intends to double its tax on financial transactions, official documents showed, to boost government revenue. Rome will impose a tax of 2 euros on parcels valued at up …
Italy plans levy on parcels from outside EU, higher taxes on financial transactions Read More »
By Lawrence White and Yadarisa Shabong LONDON, Dec 12 (Reuters) – Britain’s financial watchdog has fined Nationwide Building Society 44 million pounds ($58.9 million) for failing to properly monitor financial crime risks among its customers between October 2016 and July 2021. Nationwide, Britain’s second-biggest mortgage lender, had ineffective systems for monitoring personal account customers and …
UK’s Nationwide fined $59 million over financial crime control failings Read More »
Dec 12 (Reuters) – Britain’s WH Smith delayed the publication of its preliminary annual results for the second time on Friday, as the travel retailer struggles with the fallout of accounting failures at its U.S. operations. Having already postponed once in October, the company had been due to release results for the year ended August …
UK’s WH Smith delays results again over audit review Read More »
MANCHESTER, Dec 12 (Reuters) – The British public’s expectations for inflation inched lower in November, according to a Bank of England survey published on Friday. The public’s median expectation for the rate of inflation in the year ahead fell to 3.5% from 3.6% in August, according to the quarterly inflation attitudes survey. For inflation in …
UK public inflation expectations ticked lower in November, BoE says Read More »
By Jakob Van Calster Dec 12 (Reuters) – French private equity firm Wendel plans to return more than 1.6 billion euros ($1.9 billion) to shareholders by 2030, starting with share repurchases next year, it said on Friday ahead of its investor day. The company will launch a programme in 2026 aiming to buy back 9% …
France’s Wendel plans to return over 1.6 billion euros to investors by 2030 Read More »
BERLIN, Dec 12 (Reuters) – The German government is in early deliberations to acquire a majority stake in TenneT’s German power grid operations after agreeing in principle to take a 25.1% stake, newspaper Boersen-Zeitung reported on Friday. Citing sources familiar with the matter, the financial paper said that Berlin is considering building a consortium with …
Berlin eyes TenneT Germany majority stake, Boersen-Zeitung says Read More »
FRANKFURT, Dec 12 (Reuters) – The European Central Bank will ask 110 of the euro zone’s biggest banks to check how major geopolitical shocks would affect their business and what action would be needed to minimise the impact, the ECB said on Friday. Conducting a so-called reverse stress test in the new year, the ECB …
ECB to quiz 110 banks on geopolitical risk impact Read More »
By Andrew Gray BRUSSELS, Dec 12 (Reuters) – The European Commission is considering launching a second edition of its multi-billion-euro SAFE loans scheme for defence projects as Europe seeks to bolster its defences due to growing fears of Russia and doubts about U.S. security commitments, according to two EU officials. European Commission President Ursula von …
EU Commission considers second SAFE loans scheme for defence projects, sources say Read More »
By Kirstin Ridley, Phoebe Seers and Tommy Reggiori Wilkes LONDON, Dec 12 (Reuters) – Compensating British consumers for mis-sold car loans could cost billions of pounds more than regulators have estimated, industry sources say, throwing into doubt plans for payouts in 2026 to resolve one of Britain’s most expensive mis-selling scandals. The Financial Conduct Authority …
UK car finance redress plan puts 2026 payout in jeopardy, sources say Read More »
