(Reuters) -London’s blue-chip index closed lower on Wednesday as investors assessed a batch of corporate earnings, while scrutinising developments in the Middle East as well as the outlook for monetary policy. The FTSE 100 closed down 0.5%, while the mid-cap FTSE 250 dipped 0.1%. After markets closed, the Wall Street Journal reported that British oil …
UK shares dip as investors focus on earnings, rate path Read More »
By Sukriti Gupta, Sanchayaita Roy and Pranav Kashyap (Reuters) -A rally in European stocks hit a roadblock as investors weighed the fragility of the Israel-Iran ceasefire, with attention quickly shifting to the looming U.S. tariff pause deadline. The pan-European STOXX 600 index lost steam after Tuesday’s best intraday jump in over a month, dipping 0.7% …
European shares sag as investors weigh Iran-Israel ceasefire Read More »
By Kritika Lamba (Reuters) -Bumble said on Wednesday it would lay off nearly a third of its workforce, the latest cuts in a dating app industry striving to develop features that will keep users spending amid economic uncertainty. The company also raised its second-quarter revenue forecast, as a broader effort to revamp the platform starts …
Bumble to lay off 30% of global workforce as dating apps struggle Read More »
BERLIN (Reuters) -Germany’s plan to cut electricity tax for selected sectors was criticised on Wednesday, as representatives from the retail, industrial, and energy sectors warned it could distort competition and have limited impact. Electricity prices in Germany are among the highest in the world, ranking fifth globally in the first quarter of the year with …
Germany’s retail, industrial, energy sectors criticise power subsidy plan Read More »
By Virginia Furness and Simon Jessop LONDON (Reuters) -Cutting emissions and investing in the green economy put Britain on the right path, energy secretary Ed Miliband said on Wednesday, as he pledged to push large companies to detail exactly how they plan to align their businesses with the shift. The government is under pressure from …
UK’s Miliband vows to lead in clean energy, demand corporate net zero strategies Read More »
By Jesús Aguado SANTANDER, Spain (Reuters) -Spain’s BBVA will decide shortly whether to move ahead with its hostile bid for Sabadell after reassessing cost savings in light of conditions imposed by the Spanish government, the bank’s manager for Spain said on Wednesday. The government said on Tuesday BBVA would not be allowed to integrate its …
BBVA to decide whether to proceed with bid as Sabadell weighs sale of TSB Read More »
By Jeff Mason THE HAGUE (Reuters) -President Donald Trump said on Wednesday that the United States will make Spain pay twice as much for a trade deal after the country’s refusal to meet a NATO defense spending target of 5% of gross domestic product. NATO leaders backed a big increase in defense spending on Wednesday …
PARIS (Reuters) -Stellantis’ has begun reviewing its long-term strategic plan, new Chief Executive Antonio Filosa told staff on Wednesday, in his first public appearance since officially taking over as head of world’s No. 4 automaker. “We have already started looking at our long-term strategic plan, which we will share when we are ready,” Filosa said …
Stellantis has started review of long-term strategic plans, says new CEO Read More »
By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve meets on Wednesday to advance a proposal that would ease leverage rules for banks, which would grant the industry a long-sought win they say will help big firms facilitate Treasury market trading. The central bank’s Washington board will consider a plan to revamp the so-called supplementary leverage …
Fed kicks off effort to ease bank leverage rules Read More »
By Paul Sandle LONDON (Reuters) -Britain’s competition regulator has finally come up with a plan to control Google’s huge search business, but a shift in the political wind in favour of big tech and the money it invests makes it more of a bark than a bite. The Competition and Markets Authority spent years setting …
Analysis-UK politics blunts antitrust action against Google Read More »
