UK banks and insurers told to step up help for struggling customers
By Huw Jones LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) told banks and insurers on Thursday to do more..
NEWS
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H&M to cut costs as profits hit by inflation, cautious shoppers
By Anna Ringstrom STOCKHOLM (Reuters) – H&M, the world’s No.2 fashion retailer, launched a 2 billion Swedish crown ($1..
NEWS
CEO Blume hails ‘historic moment’ as Porsche AG lists on Frankfurt exchange
FRANKFURT (Reuters) – Porsche AG Chief Executive Oliver Blume rang the bell and hugged colleagues on what he called the “h..
NEWS
Polish e-commerce leader Allegro trims forecast over inflation fears
By Anna Pruchnicka (Reuters) – Poland’s biggest e-commerce company Allegro trimmed its full-year guidance on Thursday for ..
NEWS
M&G appoints former head of AXA Investment Managers Andrea Rossi as new CEO
LONDON (Reuters) – British investment manager M&G said on Thursday that Andrea Rossi, a former head of AXA Investment Manage..
NEWS
Challenging ‘orthodoxy,’ Kwarteng clings on after UK market rout
By Sinead Cruise, Alistair Smout and Elizabeth Piper LONDON (Reuters) – As new British finance minister, Kwasi Kwarteng hoped to..
NEWS
U.S. says it has agreed Pacific Islands partnership, offering ‘big dollar’ aid
By David Brunnstrom, Alexandra Alper and Michael Martina WASHINGTON (Reuters) -The United States said at a summit with Pacific island ..
NEWS
Cricket-Injured Buttler ‘progressing well’ ahead of T20 World Cup
(Reuters) – England’s limited-overs captain Jos Buttler said he is making good progress in his recovery from a calf injury..
NEWS
UK car output rises in August, soaring costs cast shadow over recovery
(Reuters) – British car production rose for a fourth straight month in August, compared with a year earlier, although record inp..
NEWS
UK banks told to reimburse customers tricked by scams
By Huw Jones LONDON (Reuters) – Banks will have to reimburse customers tricked into sending money in a type of online scam that ..
NEWS
Private equity funds approach Italy’s Serie A to explore media rights deal -sources
By Elvira Pollina MILAN (Reuters) -Apax Partners, Three Hills Capital Partners, Carlyle Group and Searchlight Capital have approached ..
NEWS
Bitcoin-sterling volumes spike to record high as British currency flounders
By Elizabeth Howcroft LONDON (Reuters) – Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a re..
NEWS
PIMCO CIO says UK market chaos not systemic but will have global impact
(Corrects name of conference to Delivering Alpha in first paragraph) WASHINGTON (Reuters) – The collapse of the British pound an..
NEWS
Finland watching its waters closely after gas pipeline blasts, PM says
HELSINKI (Reuters) – Finland is watching its territorial waters very closely following explosions of two Nord Stream gas pipelin..
NEWS
Italy slashes 2023 growth forecast but sees public finances improving
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Mario Draghi’s outgoing Italian government on Wednesday slashed next ye..
NEWS
Amazon.com unveils device that tracks breath while sleeping
(Reuters) -Amazon.com Inc on Wednesday announced a contactless gadget that can monitor people’s sleep, along with updates to its..
NEWS
Explainer-Why is Bank of England acting again? What next in the UK crisis?
LONDON (Reuters) – Britain’s central bank resorted to buying bonds again on Wednesday in an emergency move to reduce the c..
NEWS
UK housing market may face perfect storm as mortgage rates rise, house prices drop
By Andy Bruce, Sinead Cruise and Carolyn Cohn LONDON (Reuters) – A surge in borrowing costs and a likely slowdown in economic gr..
NEWS
Britain’s market rout stokes contagion fears around the globe
By Davide Barbuscia, Marc Jones and Dhara Ranasinghe NEW YORK/LONDON (Reuters) – The scale and speed of the sell-off in British ..
NEWS
Chile authorities scour mountains for missing British astronomer
By Natalia A. Ramos Miranda SANTIAGO (Reuters) – Chile authorities on Wednesday were scouring an arid mountainous region of the ..
NEWS
Apple falls on fears of slowing iPhone 14 demand
By Medha Singh and Nivedita Balu (Reuters) -Apple Inc shares fell more than 4% on Wednesday after a report that the tech giant was dit..
NEWS
Lilium aims to build 400 air taxis a year, seek grants
PARIS (Reuters) – German air taxi developer Lilium Air Mobility plans to set up industrial capacity to make some 400 of its elec..
NEWS
What is known so far about the Nord Stream gas pipeline leaks
By Nina Chestney LONDON (Reuters) – Three unexplained gas leaks detected in the Nord Stream 1 and 2 pipelines from Russia to Ger..
NEWS
Bank of England statement on purchase of long-dated bonds
LONDON (Reuters) – The Bank of England said on Wednesday it would start a temporary programme of bond purchases to stabilise the..
NEWS
Boohoo says exposure to sterling plunge is limited – finance chief
LONDON (Reuters) – British online fashion retailer Boohoo said on Wednesday its exposure to the recent plunge in the value of th..
NEWS
Lego posts strong growth on robust demand, new store openings
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Lego on Wednesday posted double-digit sales growth in the first half of the ye..
NEWS
Porsche’s blockbuster IPO is no ‘gamechanger’ for Europe’s battered markets
By Lucy Raitano and Andres Gonzalez LONDON (Reuters) – Porsche’s landmark listing is defying market turmoil giving a welco..
NEWS
Inflation weighs on consumer morale in euro zone’s big three economies
BERLIN (Reuters) -Consumer morale was down across the euro zone’s three largest economies as high inflation shows no sign of rel..
NEWS
Stocks hit two-year lows, sterling comes under fire
By Wayne Cole and Amanda Cooper LONDON/SYDNEY (Reuters) – World shares sank to two-year lows on Wednesday, hammered by spirallin..
NEWS
New coins, banknotes, stamps and cypher for Britain’s King Charles
LONDON (Reuters) – Britain will gradually see coins, banknotes and stamps bearing the image of King Charles, while the new monar..
NEWS
What VRPs should do to improve the experiences of Open Banking consumers
By Luke Ladyman, COO and Co-founder of Cheddar Variable Recurring Payments (VRPs) are an exciting topic of conversation wi..
BANKING
Four Steps to a Successful M&A Workforce Integration
By David Braun, founder & CEO of Capstone Strategic The M&A deal is done. Applause, champagne, and optimism fill t..
BUSINESS
The (Surprising) Actual Goal of Successful Debt Recovery Agencies
By Chris Ratigan, Vice President of Business Development at Monterey Financial Services What is the goal of a debt recover..
FINANCE
Why a liberated CFO and fintech solution are a dream partnership for navigating economic uncertainty
By Anita Szarek – CFO at Pleo Read the collective minds of UK business leaders right now and you’ll find a preoccupa..
BUSINESS
Ireland dips into budget surplus to ease cost of living squeeze
By Padraic Halpin and Conor Humphries DUBLIN (Reuters) -Ireland dipped into one of Europe’s few budget surpluses to fund higher-..
NEWS
Advice on launching a business in a new market space
By Suzanne Mahoney, co-founder of LiBi The current business climate in the UK According to research ..
BUSINESS
How Partnerships Fuel Fintech Innovation and Help Banks Deliver a Better Customer Experience
By Shawn Conahan, Chief Revenue Officer, Wildfire Systems It is an exciting time to be in the financial services i..
FINANCE