Reuters UK Business Archives - Page 81 of 3179

Santander sells 3.5% stake in its Polish unit for around $473 million

2 Dec 2025 2 Dec 2025

MADRID, Dec 2 (Reuters) – Spain’s Santander has sold around a 3.5% stake in its Polish subsidiary Santander Polska for about $473 million through an accelerated bookbuild, the lender said on Tuesday. The transaction will leave Santander with around a 9.7% stake in its Polish unit after completing an accelerated placement of 3,576,626 ordinary shares …

Santander sells 3.5% stake in its Polish unit for around $473 million Read More »

EU takes small steps in uphill struggle to wean savers off cash

2 Dec 2025 2 Dec 2025

By Valentina Za and Jesús Aguado MILAN/MADRID, Dec 2 (Reuters) – A decade after it began working on a capital markets union, the EU is still struggling to agree a framework that encourages savers to put their cash to work within the bloc rather than in the U.S., prompting some of its 27 members to …

EU takes small steps in uphill struggle to wean savers off cash Read More »

Bank of England says UK lenders clear stress tests

2 Dec 2025 2 Dec 2025

By Phoebe Seers and Tommy Reggiori Wilkes LONDON, Dec 2 (Reuters) – The seven biggest British lenders have enough capital to withstand a deep global recession, large falls in financial markets and a jump in interest rates, the Bank of England said on Tuesday after conducting its latest stress tests. The tests covered Barclays, HSBC, …

Bank of England says UK lenders clear stress tests Read More »

Exclusive-Exxon Mobil approached Iraq about buying Lukoil’s West Qurna oilfield stake, sources say

2 Dec 2025 2 Dec 2025

Dec 2 (Reuters) – Exxon Mobil has approached the Iraqi oil ministry to express its interest in buying Russian firm Lukoil’s majority stake in the giant West Qurna 2 oilfield, five Iraqi official sources with direct knowledge of the matter told Reuters. Exxon declined to comment and Lukoil didn’t immediately respond to a Reuters’ request …

Exclusive-Exxon Mobil approached Iraq about buying Lukoil’s West Qurna oilfield stake, sources say Read More »

Vestas expands Poland plant to meet rising European demand for onshore wind turbines

2 Dec 2025 2 Dec 2025

COPENHAGEN, Dec 2 (Reuters) – Wind turbine maker Vestas will double production capacity at its onshore blade factory in Poland to address increasing demand across Europe, hiring more than 300 workers, the Danish company said in a statement late on Monday. The expansion will add a second production line to make blades for Vestas’ V172-7.2 …

Vestas expands Poland plant to meet rising European demand for onshore wind turbines Read More »

UK budget watchdog head quits over early release of Reeves’ budget

2 Dec 2025 2 Dec 2025

By Muvija M and William Schomberg LONDON, Dec 1 (Reuters) – The head of Britain’s fiscal watchdog resigned on Monday after the agency last week inadvertently released key details of the government’s annual tax and spending budget before finance minister Rachel Reeves announced them in parliament. The resignation of Richard Hughes came shortly after the …

UK budget watchdog head quits over early release of Reeves’ budget Read More »

Morning Bid: Auction bid steadies Japan bond slide

2 Dec 2025 2 Dec 2025

A look at the day ahead in European and global markets from Tom Westbrook There was relief in the Japanese government bond market on Tuesday, where a 10-year auction went off quite well and helped to stabilise a sell-off that had ricocheted around the world. A healthy bid-to-cover ratio of nearly 3.6 was the highest …

Morning Bid: Auction bid steadies Japan bond slide Read More »

ECB refuses to provide backstop for $163 billion Ukraine loan, FT reports

2 Dec 2025 2 Dec 2025

Dec 2 (Reuters) – The European Central Bank has refused to backstop a 140 billion euros ($162.53 billion) payment to Ukraine, undermining an EU plan to raise a “reparations loan” backed by frozen Russian assets, the Financial Times reported on Tuesday. The ECB concluded the European Commission proposal violated its mandate, the newspaper said, citing …

ECB refuses to provide backstop for $163 billion Ukraine loan, FT reports Read More »

L’Oreal will start work on potential Armani deal ‘very soon’, says CFO

2 Dec 2025 2 Dec 2025

(Refiles to correct story hyperlink in paragraph 2) PARIS, Dec 2 (Reuters) – French cosmetics group L’Oreal will “definitely” look at an investment in Italian fashion group Armani and start working on it “very soon”, Chief Financial Officer Christophe Babule said during a fireside chat with analysts on Monday. Armani’s will instructed heirs to gradually …

L’Oreal will start work on potential Armani deal ‘very soon’, says CFO Read More »

UK shop inflation cooled in November but prices likely to rise in 2026, BRC says

2 Dec 2025 2 Dec 2025

LONDON, Dec 2 (Reuters) – British store chains last month reported lower inflation in the run up to Black Friday sales but higher costs in 2026 mean retailers might struggle to keep inflation on its downward path, the British Retail Consortium said on Tuesday. Annual shop price inflation of 0.6% in the 12 months to …

UK shop inflation cooled in November but prices likely to rise in 2026, BRC says Read More »