Reuters UK Business

(Refiles to remove extraneous word in the headline; no change to text) LONDON (Reuters) -Britain’s financial regulator is to remove a ban on consumers buying crypto exchange-traded notes (ETNs), ditching its previous position of wanting to keep them out of the hands of retail investors.  The Financial Conduct Authority said on Friday that allowing retail …

UK to end ban on retail investors buying crypto exchange-traded notes Read More »

By Gilles Guillaume PARIS (Reuters) -France’s defence ministry has approached Renault with a view to helping to manufacture drones, the automaker said on Sunday, after the ministry last week floated the idea French companies could help with production in Ukraine. “We have been contacted by the defence ministry about the possibility of producing drones. Discussions …

France approaches Renault on drone production, Renault says Read More »

PARIS/LONDON (Reuters) -L’Oreal has agreed to acquire a majority stake in British skincare brand Medik8, boosting the French cosmetics giant’s position in the fast-growing dermatological skincare market. Neither L’Oreal nor UK-based private equity firm Inflexion, which is selling the stake, disclosed the terms of the deal in separate statements on Monday. A person with knowledge …

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By Ariane Luthi and John O’Donnell BERN (Reuters) -Switzerland announced reforms on Friday to make its biggest bank UBS safer and avoid another crisis, hampering the global ambitions of a lender whose financial weight eclipses the country’s economy. UBS emerged as Switzerland’s sole global bank more than two years ago after the government hastily arranged …

Shaken by crises, Switzerland fetters UBS’s global dream Read More »

By Francesco Canepa DUBROVNIK, Croatia (Reuters) -The European Central Bank should not “overreact” to euro-zone inflation edging below its 2% target as there are good reasons to believe it will come back up, ECB policymaker Boris Vujcic told Reuters. The ECB cut interest rates on Thursday for the eighth time in a year but signalled …

ECB should not ‘overreact’ if inflation edges below 2%, Vujcic says Read More »