(Reuters) -British digital banking services startup Tide has raised $120 million at a valuation of $1.5 billion, it said on Monday, joining the list of fintech “unicorns” in the UK. The funding round was led by private equity firm TPG and included Tide’s exiting investor Apax Digital Funds. The investment will help the company expand …
UK fintech startup Tide raises $120 million to join unicorn club Read More »
By Nell Mackenzie LONDON (Reuters) -Hedge funds bought banks, insurance and consumer finance companies last week at the fastest pace in three months, Goldman Sachs said in a research note, amid increased dealmaking expected to boost profits and an expected further loosening of regulations. An index of European banks has risen over 40% so far …
Hedge funds pile into banks, insurance, consumer finance, Goldman Sachs says Read More »
PARIS (Reuters) -CMA CGM on Monday announced the acquisition of Freightliner UK Intermodal Logistics, a rail logistics specialist, as the French shipping group continues to expand its presence in non-maritime transport. Financial terms of the deal, expected to close in early 2026, were not disclosed. Freightliner UK transports containers between British ports and inland terminals, …
CMA CGM acquires rail logistics firm Freightliner UK Read More »
By Stefano Rebaudo (Reuters) -Sterling edged up against the dollar on Monday as investors paused following Friday’s selloff driven by fiscal concerns. The dollar edged down as investors await speeches from Federal Reserve officials throughout the week that could provide further clues on the U.S. rate outlook. Analysts highlighted several factors weighing on the British …
Sterling rises versus dollar, but fiscal concerns still in focus Read More »
By Simon Johnson STOCKHOLM (Reuters) -Sweden’s right-wing coalition promised an 80 billion crown ($8.5 billion) spending bonanza in its 2026 budget on Monday, saying rock-solid finances gave room to speed up sluggish growth ahead of a general election next September. The Nordic country’s financial health is an outlier as others in Europe, like France and …
LONDON (Reuters) -The Bank of England’s Prudential Regulation Authority proposed reducing regulatory requirements for banks by deleting 37 individual reporting templates. The PRA said on Monday it would consult on the proposals for a month with a goal of implementing the changes on January 1. (Reporting by Sarah Young, editing by William James)
By Balazs Koranyi, Jan Strupczewski and Elisa Martinuzzi FRANKFURT/BRUSSELS/LONDON (Reuters) – -As alarm over Donald Trump’s trade policy was pushing the dollar toward multi-year lows, European Central Bank chief Christine Lagarde in late-May asked Europe’s leaders to put their money – or rather, their currency – where their mouths were. Her argument, outlined in a …
Euro’s ‘global moment’ risks slipping away amid political division Read More »
STOCKHOLM (Reuters) -Digital banking group NOBA’s initial public offering on the Stockholm bourse is multiple times covered, a bookrunner said on Monday, the latest indication that investors are warming to European listings after a barren period on the continent. NOBA on Friday said it had set the price of its planned IPO at 70 crowns …
Digital bank NOBA’s $3.7 billion IPO multiple times covered, bookrunners say Read More »
(Reuters) -Europe’s economic and monetary union, the most visible product of which is the euro, is an unprecedented effort at creating a shared currency backed by its own financial architecture. It is a three-decade process that continues to this day. Here are the main milestones in its history: 1991 – The signing of the Maastricht …
(Corrects value of project in paragraph 2 to 2.2 billion pounds, not 2.2 million pounds) LONDON (Reuters) -Britain’s government said on Sunday that it has approved plans for a second runway at London Gatwick Airport. It approved the 2.2 billion-pound ($2.96 billion) project after it said in February that it was inclined to approve the …
UK government approves plans for second runway at London Gatwick airport Read More »
