Reuters UK Business

MILAN (Reuters) -Italy’s leading insurer Assicurazioni Generali said on Friday its second biggest investor, Francesco Gaetano Caltagirone, has stepped down from the board, opening a new chapter in a long-standing shareholder row. Caltagirone holds a 9.95% stake in Generali, after beefing up his holding in recent years as tensions mounted between the construction and newspaper …

Generali’s No.2 investor Caltagirone resigns from board Read More »

(Reuters) – The Russian rouble extended its losses on Friday after plunging the previous session as the central bank slashed interest rates, signalling more cuts to come, and the prospect of easing capital controls and a possible sovereign default hammered the currency. The rouble slumped around 10% to the dollar and euro on Thursday as …

Rouble extends losses after rates slashed; Eurobonds in focus Read More »

By Susan Mathew (Reuters) -European shares extended gains for a third straight session on Friday and were set for their biggest weekly jump in more than two months, as easing bets about aggressive interest rate hikes by central banks lifted sentiment. The pan-European STOXX 600 index rose 0.7% by 0827 GMT, tracking an overnight Wall …

European shares rise for third day as aggressive rate hike bets ease Read More »

By William James and David Milliken LONDON (Reuters) -British finance minister Rishi Sunak said on Friday his new 15 billion pound ($19 billion) cost-of-living support package would have an impact of less than 1 percentage point on inflation. Sunak had been under heavy political pressure to act to alleviate the biggest squeeze on households’ disposable …

UK household support package will have ‘minimal impact’ on inflation – Sunak Read More »

OSLO (Reuters) – Norse Atlantic Airways said on Friday it had begun ticket sales for flights between London and New York as the budget carrier seeks to take market share on one of the world’s busiest long-haul routes. Round-trip fares for journeys between London’s Gatwick and the John F. Kennedy International Airport will start at …

Airline Norse Atlantic to fly Gatwick-JFK from August Read More »

LONDON (Reuters) – A tight labour market and an energy price shock are causing inflationary pressures, Britain’s finance minister Rishi Sunak said on Friday, adding that he felt confident in the country’s overall economic outlook. “We are experiencing inflation pressures from both a tight labour market, although that is something to celebrate, but also the …

UK’s Sunak: Tight labour market adding to inflation pressures Read More »

By Chavi Mehta and Krystal Hu (Reuters) -Broadcom Inc said on Thursday it will acquire cloud computing company VMware Inc in a $61 billion cash-and stock deal, the chipmaker’s biggest and boldest bid to diversify its business into enterprise software. The acquisition is the second biggest announced globally so far this year, trailing only Microsoft …

Chipmaker Broadcom to buy VMware in $61 billion deal Read More »

MADRID (Reuters) – Spain’s stock market regulator CNMV has authorized a bid launched by Italy’s MediaForEurope (MFE) to acquire the remaining 44.31% of Mediaset Espana it does not already own, the regulator said in a statement on Thursday. The public offer was admitted on April 29 after Italy’s MediaForEurope, controlled by the family of former …

Spain’s CNMV authorizes MFE bid for rest of Mediaset Espana Read More »