Reuters UK Business

(Reuters) -The British benchmark index FTSE 100 closed at a two-month high on Tuesday, buoyed by strong corporate earnings, while investors awaited updates on trade-related developments. The FTSE 100 rose 0.94%, with a majority of the firms listed in the index trading in green. The domestically focused FTSE 250 gained 0.7%, touching a more than …

FTSE 100 hits 2-month high on strong earnings Read More »

By Sruthi Shankar, Ragini Mathur and Purvi Agarwal (Reuters) -European stocks closed at near nine-week highs on Tuesday with utilities and telecom firms leading gains, while some positive corporate earnings also bolstered sentiment. The pan-European STOXX 600 index ended 0.7% higher after notching an eight-week high. Most regional bourses also ended up, with ones in …

European shares close near nine-week high, powered by utility, telecom stocks Read More »

By Sam Tobin LONDON (Reuters) -EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for the firm’s administrators described as disgraceful auditing, at the start of a roughly $3 billion London trial on Monday. The administrators of NMC – a FTSE 100 company when it …

EY negligently missed huge fraud at collapsed hospital operator, $3 billion UK trial hears Read More »

LONDON (Reuters) -Barclays has hired former UBS banker Marc Warm as its global co-head of capital markets, the British bank said on Tuesday, as it tries to expand its business to compete with Wall Street rivals. Warm will be based in New York, and expands the co-head structure to three people, unusual in investment banking …

Barclays hires former UBS banker as global co-head of capital markets Read More »

LONDON (Reuters) -Shares in Swiss bank UBS dropped more than 3% on Tuesday, with traders citing a media report that the lender was set to lose the first leg of a battle with the government over proposals to make it hold more capital. Bloomberg, citing sources, reported late on Monday that the Swiss government was …

UBS shares drop 3% after report that it faces Swiss capital setback Read More »

By Nora Buli OSLO (Reuters) -Shares of offshore wind developer Orsted rose 15% on Tuesday after the U.S. administration revoked an order to halt work on a project by peer Equinor, easing concerns over the Danish company’s U.S. projects under development. Late on Monday Equinor said the Trump administration had lifted a month-old stop-work order …

Orsted shares get major boost from Equinor’s US offshore wind win Read More »

By Shadia Nasralla LONDON (Reuters) – Shell shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for rival BP that the bar for mergers and acquisitions was very high. Media reports earlier this month suggested Shell was working with advisers to evaluate a potential acquisition …

Re-elected Shell CEO, asked about BP, says bar for deals is high Read More »