Reuters UK Business

By Tommy Wilkes LONDON (Reuters) – France’s BNP Paribas pledged on Tuesday to end most new financing for oil production in the Amazon rainforest and said it would reduce its “financed emissions intensity” in the energy and auto sectors. Emissions intensity is a measure of emissions relative to output that some climate activists have said …

BNP Paribas pledges no new loans for oil drilling in Amazon rainforest Read More »

By Bansari Mayur Kamdar (Reuters) – UK’s FTSE 100 started the holiday-shortened week lower on Tuesday, as a strong sterling weighed on export-oriented stocks and offset upbeat results from oil major BP. After a bank holiday on Monday, the blue-chip index edged 0.2% lower, while the domestically focussed mid-cap index slipped 0.1%. The pound climbed …

Strong pound drags export-heavy FTSE 100 lower, offsets BP boost Read More »

LONDON (Reuters) -Britain’s competition regulator has proposed to accept an offer from supermarket group Morrisons’ new private equity owner, Clayton, Dubilier & Rice (CD&R), to sell 87 petrol stations to address concerns over higher fuel prices, it said on Tuesday. CD&R completed its 7 billion pound ($8.8 billion) purchase of Morrisons, Britain’s fourth biggest grocer, …

New Morrisons owner avoids deal probe with petrol station sale Read More »

LONDON (Reuters) – BP said on Tuesday it expected to pay up to 1 billion pounds ($1.25 billion) in taxes in Britain on its 2022 profits, after its operating profit surged despite reporting a big writedown for exiting its Russian businesses. BP, which did not say how much British tax it paid in 2021, made …

BP expects to pay up to 1 billion pounds in UK taxes in 2022 Read More »

FRANKFURT (Reuters) – Shell, a minority shareholder in the German PCK Schwedt refinery operated and majority-owned by Russia’s Rosneft, will take on more responsibility for the site in case of supply disruptions, a local German minister said. “An embargo or supply stop of Russian oil would pose major challenges to the PCK Schwedt refinery,” Joerg …

Shell aware of responsibility for German Schwedt refinery-German minister Read More »

BRUSSELS (Reuters) – Euro zone producer prices surged more than expected in March as energy prices more than doubled year-on-year, data showed on Tuesday, while unemployment continued to fall hitting a new record low. The European Union’s statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro jumped 5.3% month-on-month …

Euro zone producer prices surge in March, unemployment hits record low Read More »

LONDON (Reuters) – Britain’s competition watchdog said on Tuesday that the London Stock Exchange Group and Quantile Group have until May 10 to offer acceptable undertakings to avoid an in-depth investigation into their merger. LSEG said in December it had acquired Quantile for up to 274 million pounds ($343.49 million) to expand its range of …

UK competition watchdog sets deadline for LSEG takeover of Quantile Read More »

FRANKFURT (Reuters) – Germany’s financial regulator BaFin on Tuesday warned of a “very big and very present” risk of cyberattacks in the wake of Russia’s invasion of Ukraine. BaFin has long warned about cyber risks, but the statements mark a harsher tone. “The war has made cyberattacks on the German financial sector more probable,” BaFin …

German financial watchdog warns of ‘very big’ risk of cyberattacks Read More »