Reuters UK Business

LONDON (Reuters) – Britain should levy heavier taxes on growing levels of household wealth to fund higher spending on pensions and medical treatment, the Resolution Foundation think tank said on Thursday. An older population and more expensive healthcare will add 76 billion pounds ($103 billion) a year to public spending by 2030, taking the size …

Tax wealth to pay for Britain’s pension and healthcare spending – think tank Read More »

By Ron Bousso and Nerijus Adomaitis LONDON (Reuters) – Consumers should brace for years of high energy prices, heads of top oil and gas companies said, in what would pile pressure on governments struggling with spiralling inflation. Oil and gas prices have rocketed in recent months as a result of a rapid recovery in global …

Consumers face years of high energy prices, Big Oil CEOs warn Read More »

By Marc Jones LONDON (Reuters) – Evidence emerging from the first central bank digital currencies (CBDCs) around the world suggests there is no one-size-fits-all model as stability and privacy are designed into systems, the head of the International Monetary Fund has said. Roughly 100 countries are now looking at CBDCs, the IMF estimates, and it …

No one-size-fits-all model for central bank digital currencies, IMF head says Read More »

By Valentina Za MILAN (Reuters) – Italian bank UniCredit plans to sell around 2 billion euros ($2.29 billion) in impaired debts to bad loan specialist Prelios after halting a process to hire a debt recovery firm for the portfolio, three sources close to the matter said on Wednesday. The deal will beef up assets managed …

Exclusive-UniCredit set to sell 2 billion euros in impaired loans to DK-owned Prelios – sources Read More »

FRANKFURT (Reuters) -German exchange operator Deutsche Boerse said on Wednesday that it posted a 23% rise in fourth-quarter net profit, a slightly better result than analysts had expected. The showing during the last three months of 2021 allowed the company to meet its targets for the year, despite low volatility in markets that put a …

Deutsche Boerse Q4 net profit up 23%, as 2021 targets met Read More »

By Mathieu Rosemain PARIS (Reuters) – French telecoms group Iliad has offered more than 11 billion euros ($12.6 billion) to buy Vodafone’s Italian business, a source close to the matter said on Wednesday, as the firm founded by billionaire Xavier Niel seeks to grow overseas. The price tag represents about seven times Vodafone Italia’s core …

France’s Iliad bids more than $12.6 billion for Vodafone’s Italian business -source Read More »

PARIS (Reuters) -Holiday spending in the U.S. and China helped L’Oreal beat growth expectations over the crucial end-of-year period as consumers splurged on beauty products. Fuelled by North America – the fastest-growing region for L’Oreal – and mainland China, the world’s largest cosmetics group’s sales rose 11.2% on a like-for-like basis over the last three …

U.S., Chinese beauty appetite fuel L’Oreal forecast-beating Q4 sales Read More »