Reuters UK Business

(Reuters) -Ofwat launched a consultation on Wednesday to introduce regulatory requirements for British water companies to test whether senior executives they appoint are suitable for their roles. The water regulator proposed the rules under a new law, the Water (Special Measures) Act, which received Royal Assent earlier this year. The consultation, which runs until October …

UK regulator seeks scrutiny of British water executives’ suitability Read More »

By Leigh Thomas PARIS (Reuters) – It’s the million dollar question that may decide the fate of French Prime Minister Sébastien Lecornu: how to tax France’s billionaires? The Socialists want a 2% wealth tax on France’s 0.01% in the 2026 budget as the price for their support, making Lecornu’s political survival contingent on a measure …

Tax the rich or fall: French PM faces budget ultimatum Read More »

WARSAW (Reuters) – Poland has urged European Union member states that are still buying Russian energy to end those imports by the end of 2026 and will offer them help towards achieving that goal, Energy Minister Milosz Motyka said on Wednesday. The Druzhba oil pipeline delivers Russian oil to Hungary and Slovakia, which continue to …

Poland urges EU to end Russian oil imports by 2026, citing geopolitical risks Read More »

By Tristan Veyet and Johann M Cherian (Reuters) – European shares ended flat on Wednesday as investors avoided making big bets ahead of the Federal Reserve’s monetary policy decision, while Puma surged on a report of a takeover approach for the sportswear firm. The pan-European STOXX 600 closed 0.05% lower at 550.53 points, to trade …

European shares close flat ahead of Fed decision, Puma jumps Read More »

By Sanchayaita Roy (Reuters) – British stocks rose on Wednesday, recovering from the previous session’s losses, as investors waited for the U.S. Federal Reserve’s policy decision later in the day. The benchmark FTSE 100 gained 0.14%, while the domestically focused FTSE 250 advanced 0.6%. The U.S. central bank is expected to reduce borrowing costs by …

London stocks close higher ahead of Fed’s interest rate decision Read More »

By Allison Lampert MONTREAL (Reuters) – A global emissions deal is key for airlines ahead of a U.N. aviation gathering next week, despite skepticism that the industry can hit its own environmental targets, the head of trade body IATA told reporters on Wednesday. The U.N. CORSIA deal was reached in 2016 to cap rising emissions …

Global emissions deal a priority for airlines at UN aviation assembly Read More »

By Valentina Za MILAN (Reuters) – UniCredit CEO Andrea Orcel on Wednesday named Poland, alongside Italy and Germany, as the countries where a merger or acquisition could most benefit the bank. Since joining UniCredit in 2021 after a three-decade investment banking focused on bank M&A, Orcel has said the Milanese lender would consider deals across …

UniCredit CEO adds Poland to his top markets for M&A Read More »