Reuters UK Business

PARIS (Reuters) -Societe Generale said on Monday it had agreed to sell its stake in Rosbank and the Russian lender’s insurance subsidiaries to Interros Capital, a firm linked to billionaire Vladimir Potanin, lifting the French bank’s share price. Russia’s invasion of Ukraine has triggered financial sanctions from the United States, Europe and Britain, prompting Western …

SocGen to quit Russia with sale of Rosbank stake to oligarch Potanin Read More »

By Emma-Victoria Farr LONDON (Reuters) – Goldman Sachs has acquired Netherlands-based asset manager NN Investment Partners for 1.7 billion euros ($1.9 billion) to expand its asset management footprint in Europe and increase its sustainable investment capabilities. NN Investment Partners, formerly part of NN Group, will be integrated into Goldman Sachs Asset Management (GSAM). The acquisition …

Goldman pays 1.7 billion euros for Dutch-based asset manager Read More »

FRANKFURT (Reuters) – Russian bank VTB can no longer exercise any control over its European subsidiary in the wake of new sanctions, German regulator BaFin said on Sunday. The European Union on Friday formally adopted new sanctions against Russia, which will ban a range of imports and also ban all transactions with four Russian banks, …

Russian bank VTB no longer has control of European subsidiary -German regulator Read More »

LONDON (Reuters) – Chemicals and energy giant INEOS has offered to develop a shale gas test site in Britain to demonstrate to the government that extraction by fracking can be performed safely. The offer comes as Britain re-evaluates its energy policies. On Thursday the government set out plans to expand nuclear and offshore wind power …

INEOS offers to develop test shale gas site in Britain Read More »

(Reuters) – Elon Musk, Twitter Inc’s biggest shareholder, on Saturday suggested a raft of changes to the social media giant’s Twitter Blue premium subscription service, including slashing its price, banning advertising and giving an option to pay in the cryptocurrency dogecoin. Musk, who disclosed a 9.2% stake in Twitter just days ago, was offered a …

Musk proposes Twitter Blue subscription shake-up days after disclosing 9.2% Twitter stake Read More »

LONDON (Reuters) – British finance minister Rishi Sunak considered whether he should resign this week after a storm of criticism over his wealthy wife’s tax status, the Sunday Times newspaper reported. “He was considering whether he could withstand his family taking this any more,” the newspaper quoted an unidentified source as saying. A source familiar …

UK’s Sunak considered resigning over tax criticism – Sunday Times Read More »

COPENHAGEN (Reuters) – Danish investment bank Saxo Bank said on Saturday it had terminated clients from Russia and Belarus in response to sanctions imposed on those countries following Russia’s invasion of Ukraine. “It is a small number of clients, and a decision made on the basis of the tougher sanctions imposed on the two countries …

Saxo Bank terminates Russian, Belarussian clients following sanctions Read More »

BERLIN (Reuters) – Volkswagen has rejected a shareholder proposal for it to explain how its lobbying activities align with its climate goals – something two of the carmaker’s leading competitors have already promised to do, one of the investors said on Friday. A filing by a group of seven shareholders said that while Volkswagen does …

Volkswagen rejects shareholder push for climate lobbying disclosures Read More »

MELBOURNE (Reuters) – S&P on Saturday lowered Russia’s foreign currency ratings to “selective default” on increased risks that Moscow will not be able and willing to honor its commitments to foreign debtholders. Facing waves of sanctions over its invasion of Ukraine, Russia could face its first sovereign external default in over a century after it …

S&P cuts Russia’s foreign currency rating to ‘selective default’ Read More »