Reuters UK Business

(Reuters) -The European Union will raise 6 billion euros ($6.6 billion) from the sale of a new, 20-year green bond on Tuesday, memos from two lead managers seen by Reuters showed. The green bond will fund member states’ environmentally friendly projects that are part of the bloc’s COVID-19 recovery fund. The bond, due on Feb. …

EU to raise 6 billion euros from 20-year green bond, say lead managers Read More »

By Megan Davies and Alexandra Alper NEW YORK/WASHINGTON (Reuters) -The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars. Under sanctions put …

U.S. stops Russian bond payments in bid to raise pressure on Moscow Read More »

DUBLIN (Reuters) -Ryanair expects average air fares during this year’s summer peak season to be 5-10% higher than pre-pandemic prices in the same period of 2019, Group Chief Executive Michael O’Leary was quoted as saying on Tuesday. Lower capacity and increased passenger demand are already driving fares higher for those booking flights from June onwards, …

Ryanair expects summer fares to be 5-10% higher than in 2019 Read More »

By Muvija M LONDON (Reuters) – Gambling advertisements in Britain featuring celebrities, sports people and social media influencers popular with the under-18s will be banned under a new ruling designed to protect children in one of the world’s largest betting markets. The tougher rules form part of the Advertising Standards Authority’s commitment to “safeguarding young …

UK to ban celebrities popular with under-18s from gambling ads Read More »

By Michelle Price WASHINGTON (Reuters) – Jamie Dimon, CEO of JPMorgan Chase & Co, published his closely watched annual letter to shareholders on Monday, covering critical issues including the war in Ukraine, the energy crisis, sanctions, inflation and interest rates. Here are five of the key takeaways from the letter: THE U.S. ECONOMY IS STILL …

Five key takeaways from Jamie Dimon’s letter to JPMorgan’s investors Read More »

By Elizabeth Dilts Marshall and Matt Scuffham NEW YORK (Reuters) -JPMorgan could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon said on Monday, detailing the extent of the bank’s potential losses from the conflict in Ukraine for the first time. In his keenly watched annual letter to shareholders, the chairman and …

JPMorgan’s Dimon warns of possible $1 billion Russia loss Read More »

LONDON (Reuters) -The British government has decided to sell Channel 4, the publicly-owned but commercially funded broadcaster founded nearly 40 years ago as an edgy alternative to the BBC and ITV, the company said on Monday. Ministers said last year that privatisation would help secure Channel 4’s future as a public service broadcaster. The broadcaster, …

British government set to sell broadcaster Channel 4 Read More »

MADRID (Reuters) – Spain’s Santander on Monday said that starting during the first quarter of 2022 it would change the group’s financial reporting of segments, reallocating certain costs of the corporate centre segment to the business units with no impact on the group’s consolidated financial figures nor on its targets. The lender said that its …

Santander to reallocate costs of corporate centre to business units Read More »

By Jonathan Stempel NEW YORK (Reuters) – Valentino SpA said on Monday it has settled litigation with the landlord of its former American flagship on Manhattan’s Fifth Avenue, which the Italian fashion company abandoned because of the COVID-19 pandemic. In a statement, Valentino said its amicable settlement with the landlord 693 Fifth Owner LLC calls …

Valentino settles litigation over pandemic-shuttered Manhattan boutique Read More »