Reuters UK Business

By Divya Rajagopal and Rod Nickel TORONTO (Reuters) – Suncor Energy could reap over $8 billion and boost returns to unhappy shareholders if it sells its Petro-Canada gas station business, but Canadian antitrust rules and the need for the unit’s steady profits could deter that move, analysts and shareholders said. Suncor’s poor safety record and …

Analysis: Antitrust rules, Petro-Canada profits may hinder Suncor from selling unit Read More »

By Clara Denina (Reuters) – Miners will struggle to expand operations in the United States in record time to meet a deadline for sourcing key minerals domestically or from select countries as set out by a bill likely to be passed on Friday, companies and industry watchers said. The requirement is part of a sweeping …

Miners face supply chain overhaul to meet U.S. EV credit deadline Read More »

LONDON (Reuters) – Rishi Sunak, the underdog in the race to become Britain’s next prime minister, said scrapping the Bank of England’s independence would be a mistake that would scare off international investors. Asked about comments from leadership front-runner Liz Truss’s team suggesting that the central bank’s rate-setting independence should be reviewed, Sunak said: “That …

UK leadership candidate Sunak says scrapping BoE independence would be a massive mistake Read More »

By Supantha Mukherjee STOCKHOLM (Reuters) -Deutsche Telekom on Thursday raised its annual earnings forecast for the second time after beating quarterly estimates, and said it could achieve its goal of a majority stake in U.S. unit T-Mobile much sooner than 2024. The company has said it wants to own a majority of T-Mobile, which led …

Deutsche Telekom lifts profit view, aims for T-Mobile majority soon Read More »

ZURICH (Reuters) – Credit Suisse shareholder Harris Associates’ increased holding in the Swiss bank reflected an adjustment in how it reports stakes to the U.S. regulator, Finanz und Wirtschaft reported its Chief Investment Officer as saying. “Our stake has remained roughly stable, typically between 9 and 10%,” David Herro told Finanz und Wirtschaft in a …

Credit Suisse investor Harris says stake increase reflects reporting change Read More »

LONDON (Reuters) – Weaking the independence of regulators would undermine Britain’s proposed reforms to make capital markets more efficient, Bank of England Governor Andrew Bailey said on Thursday. “Anything that would weaken the independence of regulators would undermine the aims of the reforms,” Bailey said in a letter to parliament’s Treasury Select Committee. (Reporting by …

Bank of England says weakening regulators would undermine market reforms Read More »

By Radhika Anilkumar (Reuters) -British betting group Entain said it would buy Croatia’s SuperSport Group for 600 million pounds ($731 million) in cash on Thursday after the owner of Ladbrokes, Coral and bwin reported a 20% increase in half-year profit. Although Entain’s online net gaming revenue fell 7% in the six months to June 30, …

Ladbrokes owner Entain buys into Europe as gambling pays dividends Read More »

LONDON (Reuters) – Just 1% of British businesses have offered their staff a one-off cost-of-living payment, something the Bank of England had recently flagged as an upside risk for inflation pressure, an official survey of businesses showed on Thursday. The Office for National Statistics said 5.5% of companies employing more than 250 staff had offered …

Only 1% of UK firms offer cost-of-living payment to staff: ONS Read More »