Reuters UK Business Archives - Page 31 of 3179

Italy has resolved dispute with ECB over gold reserves, Treasury sources say

11 Dec 2025 11 Dec 2025

By Giuseppe Fonte ROME, Dec 11 (Reuters) – Italy has resolved differences with the European Central Bank (ECB) over a draft budget amendment on the ownership of the Bank of Italy’s gold reserves, Italian Treasury sources said on Thursday. The ECB was not immediately available to comment. Sponsored by members of Prime Minister Giorgia Meloni’s …

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Italy awards solar capacity in first ‘Not made in China’ auction

11 Dec 2025 11 Dec 2025

By Francesca Landini MILAN, Dec 11 (Reuters) – Italy awarded more than 1.1 gigawatts of capacity to 88 projects in its first auction exclusively for solar projects built without equipment manufactured in China, setting an average price of 66.38 euros per megawatt hour. The tariff is 17% higher than the average price for a renewable …

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Poste ups Telecom Italia stake to 27.3% with Vivendi’s residual holding

11 Dec 2025 11 Dec 2025

MILAN, Dec 11 (Reuters) – State-backed financial conglomerate Poste Italiane said on Thursday it had raised its stake in Telecom Italia to 27.3%, buying France’s Vivendi residual 2.5% holding in the former phone monopoly for 180 million euros ($211.54 million). Poste, which runs mail, parcel, payments, energy and broadband services, became TIM’s largest shareholder this year, …

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EU ban on combustion engine cars off table, EPP’s Weber says

11 Dec 2025 11 Dec 2025

FRANKFURT, Dec 11 (Reuters) – Plans to impose an effective ban on selling new cars with combustion engines in the European Union have been abandoned, a senior EU lawmaker told German mass tabloid Bild on Thursday. Instead, there will be more flexible rules to achieve a reduction in carbon dioxide emissions from cars, Manfred Weber, …

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Current electricity market prices a problem for France’s EDF, Fitch says

11 Dec 2025 11 Dec 2025

PARIS, Dec 11 (Reuters) – Current low electricity market prices are a problem for French utility EDF’s earnings and the company’s ability to leverage debt if they persist at a time when EDF is gearing up to build six nuclear reactors, Fitch Ratings’ senior director Antonio Totaro said on Thursday. The average power price in …

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FTSE 100 gains after Fed’s softer tone; eyes on GDP data

11 Dec 2025 11 Dec 2025

Dec 11 (Reuters) – London’s FTSE 100 rose on Thursday, buoyed by gains in precious metal miners, after the Federal Reserve’s softer tone on the monetary policy path supported sentiment globally. The FTSE 100 closed up 0.5%, while the mid-cap FTSE 250 index added 0.10%. The Fed lowered rates by an expected 25 basis points …

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Generali and France’s BPCE scrap plans to merge asset management units

11 Dec 2025 11 Dec 2025

By Gianluca Semeraro MILAN, Dec 11 (Reuters) – Italy’s biggest insurer Generali and French bank BPCE said on Thursday they had dropped plans to merge their asset management businesses, in the absence of conditions necessary to make the deal viable. Generali in January signed a non-binding accord with BPCE to combine their asset management units …

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Italy prosecutors place four security firms under supervision in labour exploitation probe

11 Dec 2025 11 Dec 2025

MILAN, Dec 11 (Reuters) – Prosecutors on Thursday placed four Italian private security firms under judicial administration and put five of their managers under investigation for alleged exploitation of workers, judicial documents show. The move is the latest step in a broader operation in which Milan prosecutors and the Carabinieri labour unit have scrutinised both …

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Inside Stellantis CEO’s ’emergency room’ rush to recapture market share

11 Dec 2025 11 Dec 2025

By Giulio Piovaccari, Nora Eckert and Gilles Guillaume MILAN/DETROIT/PARIS, Dec 11 (Reuters) – New Stellantis CEO Antonio Filosa is prioritising vehicle sales growth over profits including resorting to lower-margin fleet sales and investing in affordable models to recapture market share in North America and Europe and get the world’s No. 4 automaker back on track, …

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European markets end higher as investors cheer Fed cut; SNB holds rate

11 Dec 2025 11 Dec 2025

By Purvi Agarwal, Ragini Mathur and Nikhil Sharma Dec 11 (Reuters) – European shares closed higher on Thursday after a series of lukewarm sessions, as investors welcomed the U.S. Federal Reserve’s overnight interest rate cut and assessed a policy decision from the Swiss National Bank. The pan-European STOXX 600 ended 0.5% higher at 581.17 points, …

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