Reuters UK Business

LONDON (Reuters) -BNP Paribas said on Tuesday it had completed the takeover of AXA Investment Managers, creating one of the five biggest asset managers in Europe, and was still discussing with supervisors the hit to its capital ratio after regulators previously opposed it using a favourable capital treatment.    The new combined entity manages more than 1.5 …

BNP Paribas completes AXA IM acquisition, in talks with supervisors on capital hit Read More »

By Gleb Bryanski and Elena Fabrichnaya MOSCOW (Reuters) -The Russian central bank will cut its benchmark interest rate by one percentage point to 19% at its board meeting on July 25 as inflation is expected to be within its estimated range in 2025, a Reuters poll of 12 economists showed on Tuesday. Economists saw full-year …

Russia’s central bank expected to cut key rate in July to 19% Read More »

By Riham Alkousaa and Marwa Rashad BERLIN (Reuters) -Germany has lowered its target for gas storage levels set by the government to avoid an energy crisis as supply bottlenecks eased, although some analysts warned that a colder than expected winter still posed a risk. Germany implemented a three-stage emergency plan in June 2022 to reduce …

Germany relaxes gas supply alert as market stabilises Read More »

By Anne Kauranen HELSINKI (Reuters) -Italy’s Leonardo will buy a 24.55% stake in Finland’s SSH to expand its cybersecurity business, the companies said on Tuesday, in a sign of some progress in European defence consolidation and cooperation. The deal will see the Italian aerospace and defence group become SSH’s biggest shareholder, highlighting Leonardo’s belief that …

Italy’s Leonardo takes a stake in Finland’s SSH as European defence M&A inches forward Read More »

BERLIN (Reuters) -German medical technology company Brainlab on Tuesday became the latest IPO candidate in the region to put listing plans on hold amid volatile stock markets over recent months.  Brainlab, a Munich-based maker of imaging and guidance software for surgeons, said in a brief statement that it and the selling shareholders decided to postpone …

Germany’s Brainlab puts IPO on hold Read More »

LONDON (Reuters) -Bank of England Governor Andrew Bailey on Tuesday highlighted Britain’s softening labour market and said rising uncertainty in the global economy had “definitely” hurt economic growth and investment intentions. In an interview with CNBC, Bailey said a key question for the BoE was how much the weakening of the labour market and the …

BoE’s Bailey stresses weakening labour market, hit to economy from uncertainty Read More »

By John Revill BERN (Reuters) -The Swiss economy faces significant downside risks if the country is hit by the full force of looming U.S. tariffs, the International Monetary Fund said on Tuesday. The IMF expects the Swiss economy to grow by 1.3% this year, slightly up from the 1.2% forecast given in April, based on …

Switzerland faces downside risks if full US tariffs bite, IMF says Read More »

(Reuters) -Britain’s competition watchdog cleared Aviva’s 3.7-billion-pound ($5.08 billion) takeover of smaller rival Direct Line on Tuesday, paving the way for the creation of Britain’s largest home and motor insurer. The Competition and Markets Authority, which launched an initial investigation into the deal in May, said it would not refer the deal to an in-depth …

UK clears $5 billion Aviva-Direct Line deal, forming Britain’s top home and motor insurer Read More »