Reuters UK Business

By Twesha Dikshit and Ragini Mathur (Reuters) -European shares logged their biggest daily rise in over two weeks on Thursday, boosted by financial stocks as investors weighed mixed corporate earnings, U.S. tariffs and a potential breakthrough to end the Russian-Ukraine conflict. The pan-European STOXX 600 index closed up 0.9% at a one-week high, with the …

European shares post biggest jump in over two weeks; Ukraine ceasefire in focus Read More »

By Amy-Jo Crowley and Charlie Conchie LONDON (Reuters) -Revolution Beauty has rejected a takeover offer from specialist private equity firm True, leaving the cosmetics group likely to revive a capital raising from existing shareholders, two people familiar with the matter said.  The London-listed makeup and haircare company’s shares closed 13% lower at 325 pence. Revolution …

Revolution Beauty rejects bid from private equity firm True, sources say Read More »

By Sanchayaita Roy (Reuters) -Britain’s benchmark FTSE 100 index closed lower on Thursday after the Bank of England delivered a widely expected rate cut, but a split vote among policymakers stirred investor unease over lingering inflation risks. The blue-chip FTSE 100 extended earlier losses to end down 0.7%, while the mid-cap FTSE 250 was nearly …

FTSE 100 slips after BoE rate decision, mixed earnings weigh on sentiment Read More »

By John Revill ZURICH (Reuters) -Switzerland will continue talks with the United States, its president said on Thursday, after President Donald Trump placed crippling import tariffs on Swiss goods, which threaten to inflict serious damage on its export-focused economy.  The 39% import levy – among the highest of any applied under Trump’s global trade reset …

Switzerland will pursue further talks with US over crippling tariffs Read More »

By Marie Mannes STOCKHOLM (Reuters) -U.S. battery startup Lyten has agreed to buy most of bankrupt Swedish battery maker Northvolt, it said on Thursday, potentially offering a way back for the European company that was once seen as the region’s answer to rivals in Asia. Lyten, a Silicon Valley battery startup developing lithium-sulphur cells as …

US startup Lyten to buy bankrupt European battery maker Northvolt Read More »

By David Milliken LONDON (Reuters) -The Bank of England said on Thursday it estimates that its programme to cut its bond holdings may have added as much as a quarter of a percentage point to the cost of 10-year British government borrowing, slightly more than it thought a year ago. Britain’s central bank bought 875 …

Bank of England sees bigger QT impact on gilt yields Read More »

(Reuters) -Polish state-controlled insurer PZU on Thursday dismissed its Chief Executive Officer Andrzej Klesyk and appointed Tomasz Tarkowski, a member of its management board, as acting CEO. Poland’s Ministry of State Assets said that the decision was “prompted by a need to align management policy with ownership objectives and to carry out an ambitious growth …

Poland’s top insurer PZU dismisses CEO after brief tenure Read More »

LONDON (Reuters) -Britain’s Financial Conduct Authority (FCA) said on Thursday it would roll out stricter rules for electronic payment firms from May 2026 to better safeguard customers’ money. The regulator, which first laid out proposed reforms for payment firms in September, said companies would be required to keep customer money separate from their own funds, …

UK watchdog to tighten rules for payment firms from May 2026 Read More »