Reuters UK Business News

Subscribe to Reuters UK Business News feed Reuters UK Business News is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 4 hours 28 min ago

Alliance Trust CEO steps down from board as Elliott forces overhaul

Thu, 01/10/2015 - 16:51
LONDON (Reuters) - Katherine Garrett-Cox, one of the City of London's most high profile women CEOs, is to step down from the board of Alliance Trust in an overhaul of the fund manager which has faced pressure from activist investor Elliott to make changes.

UK payments firm Worldpay opens books for UK listing - bookrunner

Thu, 01/10/2015 - 16:13
LONDON (Reuters) - Books have opened for the London stock market flotation of UK payments processing firm Worldpay, with the company seeking a market capitalisation of up to 5.2 billion pounds, a bookrunner said on Thursday.

Glencore tells investors debt is being cut, trading robust

Thu, 01/10/2015 - 15:19
By Dmitry Zhdannikov, Sarah McFarlane and Olivia Kumwenda-Mtambo

JPMorgan to bid for about 12 billion pound UK mortgage book - Bloomberg

Thu, 01/10/2015 - 15:03
(Reuters) - JPMorgan Chase & Co plans to bid for about 12 billion pounds of mortgages being sold by the British government's "bad bank", Bloomberg reported on Thursday.

Insight - How Israel turned a gas bonanza into an antitrust headache

Thu, 01/10/2015 - 14:31
JERUSALEM (Reuters) - When the Leviathan gas field was discovered off the coast of Israel in 2010, it was pitched as a game-changer -- a vast energy reserve that would transform the economy and bolster public finances for years to come.

GM sees double-digit earnings growth in 2016

Thu, 01/10/2015 - 14:21
MILFORD, Mich. (Reuters) - General Motors Co on Thursday said it is targeting an increase in earnings per share to between $5 and $5.50 per share, from its goal of $4.50 per share this year.

Emerging market net capital flow negative in 2015 - IIF

Thu, 01/10/2015 - 14:16
LONDON (Reuters) - Net capital flows to emerging markets will be negative this year for the first time since 1988, with foreign investment halving from last year and heavy outflows from residents, the Institute of International Finance said on Thursday.

Iran invites foreign firms to develop its oil, gas industry

Thu, 01/10/2015 - 13:59
(Reuters) - Iran is inviting foreign investors to actively develop its energy industry after sanctions are expected to ease in 2016, under a nuclear deal between Iran and six global powers, deputy Oil Minister Rokneddin Javadi told Reuters on Thursday.

Stocks end worst quarter in four years on upbeat note

Wed, 30/09/2015 - 21:49
NEW YORK (Reuters) - Global equities ended their worst quarter since the 2011 euro zone crisis on an upbeat note with a rally on Wednesday on hopes that Wall Street had bottomed and the commodities rout was over, while the dollar also rose.

VW braces for hit to business from emissions scandal

Wed, 30/09/2015 - 21:38
BERLIN (Reuters) - Volkswagen has imposed a hiring freeze at its financing business and cut a shift at a German engine factory as it braces for a hit to business from cheating in diesel emissions tests.

AB InBev faces delicate balance in structuring SABMiller bid

Wed, 30/09/2015 - 20:55
BRUSSELS/LONDON (Reuters) - A $70 billion (£46.26 billion) debt package being arranged to fund Anheuser-Busch InBev's takeover of SABMiller still leaves the world's largest brewer with a tricky balancing act in satisfying a range of shareholder camps with different needs.

Ex-Barclays traders facing UK Libor charges may pursue U.S. fee case

Wed, 30/09/2015 - 20:32
NEW YORK (Reuters) - Three former Barclays Plc traders facing U.K. charges that they conspired to manipulate Libor may pursue a U.S. lawsuit seeking to force the bank to keep paying their legal fees, a federal judge ruled on Wednesday.

Deutsche penalized for swaps reporting violations

Wed, 30/09/2015 - 20:09
NEW YORK (Reuters) - In the first action of its kind, Deutsche Bank was ordered to pay a $2.5 million penalty for failing to properly report its swaps transactions, the U.S. Commodity Futures Trading Commission said on Wednesday.

Fed's Yellen does not comment on policy in brief remarks to bank group

Wed, 30/09/2015 - 20:06
St. Louis (Reuters) - Federal Reserve Chair Janet Yellen did not comment on the U.S. economy or monetary policy in brief welcoming remarks to a community banking symposium on Wednesday.

Air France says talks with pilots unions fail

Wed, 30/09/2015 - 20:00
PARIS (Reuters) - Air France said on Wednesday that negotiations with representatives of its pilots over its "Perform 2020" restructuring plan had failed.

Tesco says no more big overseas disposals being discussed

Wed, 30/09/2015 - 19:13
LONDON (Reuters) - Tesco has not discussed any further material overseas sales, Chairman John Allan told a meeting on Wednesday where shareholders approved the UK supermarket group's $6.1 billion (£4.03 billion) sale of its South Korean arm.

Thousands of companies await EU ruling on U.S. data privacy pact

Wed, 30/09/2015 - 19:07
BRUSSELS (Reuters) - A ruling due next week from the EU's top court on a long-running transatlantic pact on private data could affect all legal ways of moving such data from Europe to the United States, lawyers say, potentially disrupting the everyday online transactions of thousands of companies.

Oil trade giant and Trafigura founder Dauphin dies

Wed, 30/09/2015 - 18:16
LONDON (Reuters) - One of the world's most influential oil traders, Claude Dauphin, who founded Trafigura and turned it into one of the biggest commodities players in the world, died on Wednesday at the age of 64 after a battle with cancer, the company said.

Airbus says A320neo test engine damaged, keeps delivery target

Wed, 30/09/2015 - 17:11
(Reuters) - Airbus Group SE said on Wednesday it found "minor damage" on an engine powering its new A320neo single-aisle jet after a flight test, but the plane-maker still expects to start deliveries of the widely sold aircraft by the end of the year.

Softness in global economy to extend into 2016 as developing world drags - IMF

Wed, 30/09/2015 - 17:00
WASHINGTON (Reuters) - A relentless deceleration in the economies of the developing world will cause global growth to slow this year and only pick up a bit more pace in 2016, the head of the International Monetary Fund said on Wednesday.