Reuters UK Business

MANCHESTER, England (Reuters) -British finance minister Rachel Reeves painted a bleak picture of the economy this month while she was in possession of forecasts that showed better-than-expected news for the public finances, a letter from the fiscal watchdog showed on Friday. Reeves appeared to lay the groundwork in a speech early on November 4 to …

UK’s Reeves painted bleak economic picture despite having better news, OBR letter shows Read More »

By Dave Graham ZURICH (Reuters) -The U.S. Commerce Department pressed Switzerland during recent trade talks to commit billions of dollars in investments that Washington could allocate at its discretion, but Swiss officials refused, according to two people familiar with the matter. On November 14, the United States and Switzerland announced a framework agreement under which …

US Commerce Department pushed for control of Swiss investment in trade talks, sources say Read More »

(Refiles with date for assets under management.) By Amy-Jo Crowley London -NatWest Group is in exclusive talks to sell its 85% stake in workplace pension provider Cushon to U.S. insurance broker Willis Towers Watson just two years after the British bank acquired the business, two people with knowledge of the matter said.  Deal details: * If …

NatWest in exclusive talks to sell Cushon to Willis Towers Watson, sources said Read More »

(Corrects first three paragraphs to clarify that the Barcelona terminal deal is separate from the wider bid by BlackRock and MSC for CK Hutchison’s global port assets. Clarifies in paragraphs 6-8 that the larger bid is a separate deal.) By Foo Yun Chee BRUSSELS (Reuters) -BlackRock and MSC’s bid for CK Hutchison’s terminal at Barcelona …

MSC, BlackRock bid for Hutchison’s Barcelona terminal faces EU probe, source says Read More »

By Leo Marchandon, Gianluca Lo Nostro and Florence Loeve PARIS (Reuters) -France’s top civil court on Friday overturned a ruling that the billionaire Bollore family exercised de facto control over Vivendi, a position that would oblige them to launch a potentially costly buyout of minority shareholders. The Paris Court of Appeal ruled in April that …

France’s top court strikes down Vivendi ruling, prolongs buyout question Read More »

(Corrects analyst name in paragraph 4) NEW YORK (Reuters) -Exchange operator CME Group said on Friday that some markets had reopened after global futures were thrown into chaos when the world’s largest exchange operator suffered one of its longest outages in years. The halt caused by a data centre cooling issue stopped trading across stocks, …

US futures, options resume after CME outage underscores resilience concerns Read More »

(Reuters) -London’s FTSE 100 snapped a four-month winning streak on Friday despite recording a weekly gain after a tax-heavy UK budget lifted investor sentiment. The globally focused FTSE 100 added 0.3%, logging its strongest weekly gain in over a month, while the midcap FTSE 250 added 0.3%, having a mild monthly drop. Oil & Gas …

FTSE 100 breaks four-month winning streak in November despite recent gains Read More »