Reuters UK Business

(Reuters) -The European Union plans to hit about 100 billion euros ($113.26 billion) worth of U.S. goods with additional tariffs if trade talks fail to deliver a satisfactory result for the bloc, Bloomberg News reported on Tuesday. The proposed retaliatory measures will be shared with member states as early as Wednesday and consultations will last …

EU plans tariffs on 100 billion euros of US goods if talks fail, Bloomberg News reports Read More »

By Charlie Conchie, Stefania Spezzati and Nell Mackenzie LONDON (Reuters) -In early April, Argentex’s chief executive Jim Ormonde and chief financial officer Guy Rudolph were buying shares in the London-listed foreign exchange broker as the stock rebounded from a March slump. Ormonde, installed 18 months earlier amid a flagging stock performance, said in an April …

From rebound to rescue: how Argentex collapsed on untested currency swings Read More »

(Reuters) -Finnish tyre maker Nokian reported a much wider than expected operating loss for the first quarter on Tuesday, citing global uncertainty triggered by U.S. President Donald Trump’s tariffs. Nokian’s shares, which were flat before the report was published at midday local time, fell more than 13% in early afternoon trade in Helsinki. Tyre makers …

Nokian Tyres posts big profit miss as Trump’s tariffs drive uncertainty Read More »

MADRID (Reuters) -Nuclear power is needed to stabilise Spain’s electrical system and the country should rethink its planned phase-out following last week’s unprecedented blackout, the head of lobby group Foro Nuclear, Ignacio Araluce, said on Tuesday. The outage that hit the Iberian Peninsula on April 28 has reignited the debate over the plan to decommission …

Spain’s nuclear lobby urges review of phase-out plan following blackout Read More »

MILAN (Reuters) -Italy’s biggest bank Intesa Sanpaolo confirmed its outlook for the year after posting a bigger-than-expected 13.6% yearly rise in first quarter profit thanks to rising fee and trading income. That was more than enough to offset an 8% decline in the net interest margin, as the gap between lending and deposit rates shrinks. …

Italy’s Intesa posts bigger than forecast 13.6% profit rise on fees, trading Read More »

LONDON (Reuters) -The pound strengthened against both the dollar and the euro on Tuesday, largely due to weakness in both peers rather than major British news, which is fairly thin until Thursday’s closely watched Bank of England meeting. The pound was last up 0.2% on the dollar at $1.3323 helped by nervousness in markets hoping …

Sterling gains on dollar and euro Read More »

LONDON (Reuters) – Wall Street bank JPMorgan said on Tuesday it was going long on the euro versus the Romanian leu in FX spot markets, with the country’s intervention policy seemingly shifting after Sunday’s first-round presidential election. . The bank said that the leu’s movements following the win of George Simion, the country’s hard-right eurosceptic …

JPMorgan goes long euro vs Romanian leu in FX spot market Read More »