Reuters UK Business

FRANKFURT (Reuters) – Thyssenkrupp’s automotive division, which supplies various components to the car sector, reached the trough in its fiscal first quarter that ended in December, Chief Financial Officer Klaus Keysberg said on Thursday. The German group earlier cited a decline in customer call-offs in the period, caused by an ongoing shortage of crucial semiconductors, …

Thyssenkrupp’s automotive business has passed trough – CFO Read More »

By Brenna Hughes Neghaiwi ZURICH (Reuters) – Credit Suisse’s bonus pool fell 32% in 2021, the bank said on Thursday, as the bank slashed regular deferred awards following a string of scandals, but senior bankers’ pay was sweetened by a surge in upfront cash and a one-off bonus. Switzerland’s second-biggest bank said it had cut …

Credit Suisse sweetens deal for senior bankers with 800 million Sfr in upfront cash Read More »

LONDON (Reuters) -The pound held steady on Thursday after hotter-than-expected consumer price data in the United States raised expectations of quicker interest rate hikes by the Federal Reserve, pushing the dollar higher. The U.S. consumer price index rose 0.6% for January, one-tenth of a percentage point higher than expected, while year-over-year CPI rose 7.5%, or …

Sterling steady after hot U.S. inflation data pumps dollar Read More »

By Kate Abnett BRUSSELS (Reuters) -European Parliament’s lead negotiator on an overhaul of Europe’s carbon market on Thursday said he was considering changes to rules that allow policymakers to intervene in the scheme if prices rise too fast. European Union carbon prices soared by around 150% last year and traded at a record 98.49 euros …

Lead lawmaker eyes EU carbon market rules to respond to price spikes Read More »

By Huw Jones LONDON (Reuters) – Britain will publish this summer its first annual report on efforts to improve the global competitiveness of its financial sector, the government is due to say on Thursday. Britain left the European Union without a deal for access to the bloc’s financial services sector, putting the government under pressure …

‘State of the City’ report on Britain’s financial sector due this summer Read More »

BERLIN (Reuters) -German financial watchdog BaFin is examining the financial reports of Adler Group, one of Germany’s biggest landlords, a spokesperson for BaFin said on Thursday. The spokesperson, confirming a report that first appeared in Handelsblatt, declined to elaborate further. The accounting investigation follows allegations made against Adler by short seller Fraser Perring’s Viceroy Research. …

Germany’s BaFin probes Adler Group’s financial reports Read More »

By Richa Naidu LONDON (Reuters) -Unilever warned of a hit to profitability this year as it struggles to lift prices enough to offset soaring costs, sparking fresh concern among investors after a failed bid for GlaxoSmithKline’s consumer health business last month. Consumer goods companies are grappling with a surge in commodities, energy, transport and labour …

Inflation turns up heat on Unilever even as it backs down on M&A Read More »