Reuters UK Business

By Susan Mathew (Reuters) -European shares rallied on Friday to erase weekly losses, while investors focused on a tight race between far-right rival Marine Le Pen and incumbent Emmanuel Macron in the runup to the first round of French presidential elections over the weekend. Financials and commodity stocks led the gains with all major sectors …

European shares set for weekly gains; focus shifts to French elections Read More »

By Kate Holton LONDON (Reuters) – Cancelled flights and long queues at British airports caused by a lack of staff due to the coronavirus pandemic will hit confidence and hold back recovery unless the problems are resolved quickly, the aviation regulator said on Friday. British Airways and easyJet have cancelled dozens of flights in recent …

Airport delays will hit aviation recovery, UK regulator warns Read More »

By Stefano Rebaudo (Reuters) – Sterling fell to its lowest level since mid-March against a strengthening dollar while being close to its 2-week high versus the euro, with investors still focused on central banks’ monetary tightening. European Central Bank policymakers appeared keen to unwind stimulus at their March 10 meeting, with some pushing for even …

Sterling falls to its lowest since mid-March versus dollar Read More »

(Reuters) – Moscow-listed shares of state-controlled diamond miner Alrosa were down 5% early on Friday after the United States expanded sanctions on the company, aiming to cut off additional sources of revenue for the Russian state budget. Alrosa, the world’s largest producer of rough diamonds and which competes with Anglo American unit De Beers, produced …

Shares in Russia’s Alrosa drop as U.S. expands sanctions on company Read More »

MILAN (Reuters) – Intesa Sanpaolo has stopped any financing to Russian and Belarusian counterparties since the start of the Ukraine war and put local operations under the special oversight of a crisis unit, a spokesperson for Italy’s biggest bank said on Friday. While it continues to conduct a strategic review of its presence in Russia, …

Italy’s Intesa heightens checks on Russia activities, halts lending Read More »

By Valentina Za and Andrea Mandala MILAN (Reuters) -Credit Agricole has bought a 9.2% stake in Italy’s third-largest lender Banco BPM, the French bank said late on Thursday, increasing exposure to its biggest foreign market. Banco BPM has long been searching for a merger partner in Italy’s consolidating banking sector and it held talks with …

France’s Credit Agricole takes 9.2% stake in Italy’s Banco BPM Read More »

(Reuters) – Deutsche Bank said on Thursday it had appointed Keith Pelt and Joe Dimondi to lead its Consumer, Retail and Services Group (CRS) in the Americas region. The German investment bank in an internal memo seen by Reuters said Pelt will head the coverage unit, and Dimondi the advisory division of the CRS business. …

Deutsche Bank appoints top execs at its consumer, retail and services unit Read More »

LONDON (Reuters) – British supermarket chain Sainsbury’s will increase pay for its staff in outer London to the level already achieved by staff in the capital’s inner areas, a source close the company said on Thursday after pressure from shareholders. In January, Sainsbury’s, one of the UK’s biggest private sector employers, set new pay rates …

UK grocer Sainsbury’s ups pay for staff in outer London – source Read More »