Reuters UK Business

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank President Christine Lagarde has given national central bank chiefs a bigger say in policy meetings, asking her own board to speak less and set aside more time for debate, sources familiar with the process said. Lagarde has told chief economist Philip Lane and …

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(Reuters) – Russia’s largest lender Sberbank, which has been hit by Western sanctions, plans to drop its listing in London after its depositary terminated an agreement with it, the bank said on Tuesday. Holders of Sberbank’s depositary receipts can exchange them for Sberbank’s shares by June 16, the bank said in a statement, adding that …

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BERLIN (Reuters) – Germany’s BaFin will have more leeway and independence in conducting its work as the country’s financial watchdog, the Finance Ministry said on Tuesday. BaFin’s reputation was battered after it failed to spot wrongdoing ahead of the collapse in 2020 of the German payments company Wirecard, a former blue-chip hailed as a German …

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LONDON (Reuters) – British business minister Kwasi Kwarteng said on Tuesday he had written to petrol retailers over concern a cut in fuel duty was not being passed on to consumers, adding he had asked the competition regulator to investigate. The Times newspaper had earlier reported that a 5 pence cut in duty, announced by …

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By Samuel Indyk LONDON (Reuters) – The British pound rose to its highest level since May 5 on Tuesday as strong labour market data reinforced expectations that the Bank of England (BoE) will need to continue raising interest rates to fight high inflation. Britain’s unemployment rate fell to its lowest since 1974 in the first …

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By Jesús Aguado MADRID (Reuters) – Caixabank raised its key profitability target for 2024 and announced a 1.8 billion euro ($1.88 billion) share buy-back programme, expecting higher interest rates and economic recovery to boost banking revenue. As part of a new strategic plan, Spain’s biggest domestic lender by assets said on Tuesday it planned to …

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By Ari Rabinovitch HAIFA, Israel (Reuters) – Israel is boosting offshore natural gas output and aims to reach a supply agreement with Europe in the coming months as the continent looks to replace Russian supply. The country is on track in the next few years to double production to about 40 billion cubic metres (bcm) …

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By Richa Naidu LONDON (Reuters) -Imperial Brands is on track to meet its full-year goals helped by strong sales of ecigarettes and heated tobacco in Europe, it said on Tuesday, boosting its shares to a more than two-year high. Shares of the maker of Winston cigarettes and Backwoods cigars were up nearly 7% in morning …

Ecigarettes and heated tobacco light up Imperial Brands shares Read More »