Reuters UK Business

MILAN (Reuters) -Italy’s Eni said on Thursday it was postponing its plan to list its retail and renewables business, renamed Plenitude, on the Milan stock exchange due to market conditions. Eni, which owns 100% of Plenitude, said in a statement that despite a strong interest by investors, “the volatility and uncertainty currently affecting the markets …

Eni postpones IPO of energy transition unit due to market conditions Read More »

By Pratima Desai LONDON (Reuters) -The London Metal Exchange said on Thursday it had appointed management consultants Oliver Wyman to carry out an independent review of the events that led to a week-long suspension of nickel trading in March. The world’s largest and oldest forum for metals was forced to halt the nickel market and …

LME appoints consultancy to review chaotic nickel suspension Read More »

LONDON (Reuters) – Britain introduced a new tranche of trade sanctions against Russia on Thursday, a notice published on the government website said. The ‘Notice to Exporters’ listed new measures including prohibitions on the export to Russia of a range of goods and technology, the export of jet fuel, and the export of sterling or …

UK announces new tranche of trade sanctions against Russia Read More »

LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) has fined Ghana International Bank 5.8 million pounds ($7.08 million) for failings in its anti-money laundering controls. “No evidence of actual money laundering was detected, though the risk of money laundering as a result of these deficient systems was significant,” the FCA said in a statement, adding …

UK watchdog fines Ghana International Bank for poor controls Read More »

LONDON (Reuters) – The British government is still “fleshing out details” of a special tax on North Sea oil and gas producers announced last month, energy minister Kwasi Kwarteng told a conference on Thursday. Finance minister Rishi Sunak is due to meet with executives of the oil and gas sector on Thursday to discuss the …

UK government “fleshing out details” of oil, gas producer windfall tax Read More »

AMSTERDAM (Reuters) – Grid operator TenneT will draw up a tender to seek companies to help with a 30 billion euro ($31.5 billion) plan to build sea-to-land connections for offshore wind farms planned by the Dutch and German governments, it said on Thursday. European Union countries risk falling behind with plans to shift to green …

Dutch grid operator TenneT to tender for help with vast wind plan Read More »

LONDON (Reuters) – British consumers’ spending on credit and debit cards fell slightly over the past week and the number of job adverts declined, while restaurant bookings rose sharply, weekly data collated by the Office for National Statistics showed. Credit and debit card spending – which is based on Bank of England CHAPS interbank payment …

UK consumer spending softens, job ads fall in past week Read More »

By Victoria Klesty OSLO (Reuters) -Norway’s central bank raised its benchmark interest rate by 50 basis points on Thursday, its largest single hike since 2002 and twice as much as expected by most economists, and plans to hike again in August as the country seeks to control inflation. Norges Bank’s monetary policy committee raised the …

Norway central bank makes largest rate hike in 20 years Read More »

By Kate Abnett BRUSSELS (Reuters) – A dozen European Union countries have now been affected by cuts to gas supply from Russia, EU climate policy chief Frans Timmermans said on Thursday, as the bloc faces a deepening energy standoff with Moscow. Russia slashed flows through its Nord Stream 1 pipeline to 40% of capacity last …

A dozen EU countries affected by Russian gas cuts, EU climate chief says Read More »