Reuters UK Business

By Nora Buli and Stine Jacobsen OSLO/ESBJERG, Denmark (Reuters) – Northern European countries are discussing plans to create a common power grid under the North Sea to connect future offshore wind farms as they seek to strengthen energy security, but the ambitious proposal faces financing and regulatory challenges. European nations have announced pledges to build …

Europe eyes common subsea wind power grid to bolster energy security Read More »

By David Shepardson and Diane Bartz WASHINGTON (Reuters) -Big tech has launched a media blitz aimed at derailing one of the most ground-breaking bipartisan bills in the U.S. that would bar tech companies, like Amazon.com Inc, from giving preference to their own businesses on their websites. Amazon lambasted the bill on Wednesday saying in a …

Big Tech ramps up efforts to quash milestone antitrust bill Read More »

By Alan Baldwin LONDON (Reuters) – New Aston Martin team boss Mike Krack has had a bumpy start to the season, like those Formula One drivers struggling to tame their bouncing cars in a time of change, but he is still smiling. The 50-year-old Luxemburger replaced Otmar Szafnauer, now principal of Renault-owned Alpine, at the …

Motor racing-Aston Martin’s Krack still smiling after bumpy start Read More »

By Elizabeth Dilts Marshall and Niket Nishant (Reuters) – Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co described the challenges facing the U.S. economy akin to an “hurricane” down the road and urged the Federal Reserve to take forceful measures to avoid tipping the world’s biggest economy into a recession. Dimon’s comments …

Dimon says brace for U.S. economic ‘hurricane’ due to inflation Read More »

LONDON (Reuters) -Bank of England Deputy Governor Jon Cunliffe said on Wednesday the central bank was seeing evidence of a slowdown in the housing market. House prices have been increasing at double-digit rates annually but there have been signs of a potential slowdown, with Bank of England data on Tuesday showing a sharp drop in …

BoE’s Cunliffe seeing evidence of slowdown in housing market Read More »

DUBLIN (Reuters) – Allied Irish Banks will pay NatWest Group 5.4 billion euros ($5.75 billion) to acquire its Irish tracker mortgage book as the British lender moves towards completing its exit from Ireland. NatWest announced 15 months ago that it was winding down its Irish Ulster Bank unit and said on Wednesday that it had …

AIB to pay NatWest 5.4 billion euros for Irish tracker mortgage book Read More »

By Lucy Raitano (Reuters) – Royal Mail and broadcaster ITV will lose their spots on Britain’s benchmark FTSE 100 equity index after their respective valuations plunged this year. British Gas owner Centrica and UK student housing provider Unite Group will replace them when the next quarterly reshuffle takes effect on June 20. Index provider FTSE …

No Jubilee celebration for FTSE 100 dropouts Royal Mail and ITV Read More »