Reuters UK Business

By Jesús Aguado, Andres Gonzalez and Tommy Reggiori Wilkes MADRID/LONDON (Reuters) -BBVA has 8 billion euros ($9.4 billion) in capital for a mandatory cash offer for Sabadell should it fail to convince enough of its smaller rival’s shareholders to accept its hostile offer, Chief Executive Officer Onur Genc said. In an interview with Reuters on …

BBVA has 8 billion euros to fund mandatory bid for Sabadell if needed, CEO says Read More »

(Reuters) -Austria’s OMV said on Monday it was cutting sustainable investments and slashed its target for yearly organic capital expenditures by 1 billion euros ($1.2 billion) until 2030, also to reflect the deconsolidation Borealis following a merger deal. The oil, gas and chemicals group set its new organic capital expenditures goal to 2.8 billion euros …

OMV cuts investment target, pares back spending on renewables through 2030 Read More »

By Purvi Agarwal (Reuters) -London’s benchmark FTSE 100 closed lower on Monday as investors took a breather after last week’s record peak and sold shares of packaging company Mondi after its disappointing results. The blue-chip index briefly crossed 9,500 for the first time on Monday, its fifth consecutive session of record highs, before reversing course. …

UK’s FTSE 100 retreats from record high; Mondi slumps after results Read More »

By Marc Jones LONDON (Reuters) -Rating agencies issued a fresh round of warnings about France’s sovereign credit score on Monday, as the resignation of Prime Minister Sebastien Lecornu less than a month into the job underscored the scale of the country’s political paralysis. Lecornu and his government quit just 14 hours after he announced his …

France’s political paralysis sparks fresh credit rating warnings Read More »

By Amanda Cooper and Samuel Indyk LONDON (Reuters) -French stocks and the euro fell while France’s borrowing costs jumped on Monday, as the government collapsed within hours of being appointed, fuelling uncertainty over the euro zone’s second-largest economy. Prime Minister Sebastien Lecornu unexpectedly handed in his resignation to President Emmanuel Macron hours after announcing his …

French markets fall, investors see no ‘silver bullet’ for political crisis Read More »

(Reuters) -The pound benefited from weakness elsewhere on Monday, reaching its strongest in nearly four weeks on the euro, and an over one-year top on the tumbling Japanese yen, with both currencies hit by domestic political developments.  Britain-specific news was fairly thin on the ground, but the euro dropped to 86.74 pence, its lowest since …

Japanese and French politics help sterling to gain on euro and yen Read More »