Reuters UK Business

(Reuters) -The UK’s main stock indexes rose on Thursday, with midcaps closing at a 10-month high as investors digested corporate results and considered the outlook for interest rates after data indicated softening consumer spending. The internationally-focused FTSE 100 ended up 0.2%, with a jump in the pound to its highest since 2021 weighing on dollar …

UK midcaps close at 10-month high with focus on earnings, rate path Read More »

By Shadia Nasralla LONDON (Reuters) -Shell has not bid for BP and is not actively considering such a move, it said in a categorical denial on Thursday, adding it was bound by UK rules which mean such a statement bans it from bidding for BP for the next six months. The Wall Street Journal cited …

Shell says it is not considering buying BP, UK rules ban bid for 6 months Read More »

LONDON (Reuters) -Shell’s and Equinor’s British joint venture, set to become the biggest oil and gas producer in the UK North Sea, will be named Adura, the companies said on Thursday. The joint venture was formed in December and is expected to increase production from around 140,000 barrels of oil equivalent per day this year, …

Shell and Equinor name their UK joint venture Adura Read More »

(Reuters) -Britain’s competition regulator is considering whether Boeing’s deal to acquire its former subsidiary Spirit AeroSystems could affect competition in the country or in other markets, it said on Thursday. The Competition and Markets Authority has not yet launched a formal investigation, but has invited comments from interested parties by July 15 to help inform …

UK competition watchdog weighs probe into Boeing-Spirit Aero deal Read More »

LONDON (Reuters) -Former Barclays boss Jes Staley on Thursday lost his high-stakes appeal against a proposed financial industry ban for misleading Britain’s Financial Conduct Authority over his relationship with Jeffrey Epstein. Thursday’s decision by the Upper Tribunal spells the likely end of Staley’s risky attempt to publicly clear his name, which simply once again shone …

Ex-Barclays CEO Staley loses appeal against UK ban over Epstein ties Read More »