Reuters UK Business

LONDON (Reuters) -Shares in Vodafone jumped 4% in early trade on Monday after the United Arab Emirates-based telecoms company e& revealed it had bought a 9.8% stake in the British mobile operator. Formerly known as Emirates Telecommunications Group, e& said it had no intention of making an offer for the whole of Vodafone and it …

Vodafone shares up 4% after UAE group buys 9.8% stake Read More »

PARIS (Reuters) – The euro’s weakness on currency markets could threaten the European Central Bank’s efforts to steer inflation towards its target, ECB policymaker Francois Villeroy de Galhau said on Monday. The euro on Thursday hit its lowest against the dollar since 2017. It traded slightly above that early on Monday. The euro’s weakness makes …

ECB’s Villeroy says too weak euro threatens price stability Read More »

By Susan Mathew (Reuters) -European shares fell on Monday, with French and German stocks losing up to 1% each, as alarmingly weak economic data from China fanned global recession fears. China’s April retail sales plunged 11.1%, almost twice the fall forecast, while industrial output dropped 2.9% when analysts had looked for a slight increase, adding …

European shares slide as weak China data stokes recession woes Read More »

By William Schomberg LONDON (Reuters) – British Prime Minister Boris Johnson said he wanted to resolve a standoff with the European Union over Northern Ireland’s post-Brexit trade rules, but he kept open the option of unilateral action that the EU says could start a trade war. Johnson was due to travel to Belfast on Monday …

UK’s Johnson sees room for a deal on N.Ireland post-Brexit trade Read More »

By Hadeel Al Sayegh and Saeed Azhar DUBAI (Reuters) -State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, helped by strong oil prices. Aramco, which is at par with Apple Inc as the world’s most valuable company, reported a net income of …

Saudi Aramco net profit soars 82% in Q1 on high oil prices Read More »

(Reuters) – UniCredit SpA and Citigroup are exploring asset swaps with Russian financial institutions as western banks trying to avoid heavy writedowns as they exit Russia, the Financial Times said on Sunday. UniCredit has received several offers from Russian financial institutions to buy its local subsidiary since its chief executive, Andrea Orcel, said in March …

UniCredit, Citi consider swapping assets with Russian institutions – FT Read More »

FRANKFURT (Reuters) -The European Central Bank (ECB) will likely decide at its next meeting to end its stimulus programme in July, and raise interest rates “very soon” after that, ECB policymaker Pablo Hernández de Cos said on Saturday. The Spanish central bank governor was joining a chorus of ECB policymakers calling for the first rate …

ECB policymaker says rates will rise ‘very soon’ Read More »

(Reuters) – Ford Motor Co sold 7 million shares of electric carmaker Rivian Automotive Inc for about $188.2 million, or $26.88 apiece, the U.S. automaker said in a filing on Friday. Ford now holds 86.9 million shares in the California-headquartered company. Rivian is struggling in a competitive market, including competition from Ford’s F-150 Lightning electric …

Ford sells shares in EV maker Rivian for $188.2 million Read More »