Reuters UK Business

By Tom Sims and Matthias Inverardi FRANKFURT (Reuters) -Commerzbank CEO Bettina Orlopp on Thursday criticized the Italian bank UniCredit for talking down the share price of the German lender by saying its shares had risen excessively. The comments by Commerzbank’s CEO come a day after Andrea Orcel, the CEO of UniCredit, called Commerzbank’s share price …

Commerzbank CEO criticizes UniCredit for trying to talk down share price Read More »

By Prerna Bedi (Reuters) -UK property investor Long Harbour has made a 631.6 million pound ($852 million) takeover proposal for Britain’s PRS REIT at below the market price, sending PRS REIT shares down around 2% on Wednesday. PRS, a real-estate investment trust that has put itself up for sale, said London-based Long Harbour was proposing …

UK’s Long Harbour proposes $852 million bid for PRS REIT Read More »

By James Davey LONDON (Reuters) -Tesco, Britain’s biggest food retailer, reported a better-than-expected pick-up in underlying sales growth in its first quarter and won market share from rivals, saying improvements in value, product quality and service were chiming with consumers. The group, whose share of Britain’s grocery market has grown this year to 28%, a …

Tesco’s UK sales growth accelerates in ‘intensely competitive’ market Read More »

BRUSSELS (Reuters) -European Central Bank interest rates are in a “good place” now, despite an expected slowing of inflation, because price growth is likely to return to the ECB’s target of 2% over the medium term, ECB’s Executive Board Member Isabel Schnabel said. Schnabel told a seminar the expected slowing of euro zone inflation, which …

ECB monetary policy is in a ‘good place’ now, says ECB’s Schnabel Read More »

By Suban Abdulla and David Milliken LONDON (Reuters) -Britain’s economy slowed sharply in April, reflecting shockwaves from U.S. President Donald Trump’s announcement of wide-ranging tariffs and a one-off hit from the end of a tax break on property sales, official data showed on Thursday. Gross domestic output shrank by a larger-than-expected 0.3% in April from …

UK economy shrinks by the most since 2023 as US tariffs hit Read More »

By Andrea Mandala and Valentina Za ROME (Reuters) -An Italian court on Thursday rejected an appeal by Banco BPM which had challenged the suspension of a takeover offer it faces by rival UniCredit, the court’s website showed. UniCredit secured a one-month suspension of its offer for BPM by the country’s markets regulator after the bid …

Italy court rejects Banco BPM’s appeal against UniCredit bid suspension Read More »