Reuters UK Business

By Anirban Sen, Saeed Azhar and Matt Tracy NEW YORK (Reuters) -The bankruptcies of automotive-related companies First Brands and Tricolor, along with potential losses at banks and investment funds, are raising new concerns about hidden risks in parts of the credit market — prompting investors to take a closer look at risky debt. Auto parts …

Analysis-Auto sector bankruptcies spark fresh scrutiny of Wall Street credit risks Read More »

By Jesús Aguado MADRID (Reuters) -Spain’s Sabadell said on Tuesday that 2.8% of shareholders who represent 30.8% of the bank’s capital have accepted BBVA’s 16.48 billion euro ($19.07 billion) hostile takeover bid. According to this partial take-up recount, that represents 1.1% of Sabadell’s total share capital, the bank said. Sabadell only provided details of the …

Sabadell says 2.8% of investors holding a third of shares in bank accept BBVA’s bid Read More »

By James Davey and Raechel Thankam Job LONDON (Reuters) -British retailer Marks & Spencer has extended Archie Norman’s tenure as chairman for three more years from September 2026, saying the decision has the “widespread support” of shareholders. Norman, one of the best known names in UK business, started as M&S chairman in 2017, and is …

Britain’s M&S extends Archie Norman’s tenure as chair to 2029 Read More »

By Francois Murphy and Alexandra Schwarz-Goerlich INNSBRUCK, Austria (Reuters) -Austrian former billionaire Rene Benko went on trial on Tuesday in the first case connected to the collapse of his property group Signa, which at its peak acquired stakes in New York’s Chrysler Building and British department-store chain Selfridges. Signa became the biggest casualty of Europe’s …

Austrian former property tycoon Rene Benko goes on trial for fraud Read More »

By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -A rebound in the dollar over the past month is unlikely to last given it was largely due to repositioning over temporary factors including the disruption of U.S. economic data due to the U.S. government shutdown and upheaval in the governments of rival currencies. The …

Analysis-Dollar gains from rivals’ trouble may lack staying power Read More »

LONDON (Reuters) -Sterling fell on Tuesday after data showed growth in average British earnings slowed slightly in the three months to August, suggesting the Bank of England may be able to continue cutting interest rates, albeit at a very cautious pace. The pound was last down 0.5% against the dollar at $1.3279 , having traded …

Sterling drops after UK data shows softer wage growth Read More »

By Joanna Plucinska LONDON (Reuters) -Chief executives of Europe’s airlines called for more European Union support to increase the supply of green jet fuel and improve subsidies for its creation. The EU began requiring airlines to use more sustainable aviation fuel this year, with a 2% minimum blending mandate set to rise to 6% by …

Europe’s airline CEOs call for more support meeting green goals Read More »