Reuters UK/EU - Squid Business

Britain eyes shake-up in listing rules to attract more company flotations

By Huw Jones LONDON (Reuters) – Britain’s financial watchdog said on Wednesday it will consult on streamlining its company listing rules to help London compete better with New York in company floats. It said it would consult on replacing its twin-track standard and premium company listing regime with a single regime and set of requirements. …

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Daily Mail publisher urges UK court to reject lawsuit by Harry, Elton John

By Michael Holden LONDON (Reuters) – The High Court in London should throw out a lawsuit brought by Britain’s Prince Harry and other individuals alleging phone-hacking and other privacy breaches by The Daily Mail and Mail on Sunday as the claims come “too late,” the lawyer for the tabloids’ publisher said on Wednesday. Harry, the …

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London stocks finish higher as banking crisis concerns fade

By Johann M Cherian and Shashwat Chauhan (Reuters) -London stocks jumped 1% on Wednesday, as abating fears of a global banking meltdown lifted financial stocks, while real estate stocks bounced back after falling for the last three days. The blue-chip FTSE 100 gained 1.1% on close, rising for the third straight session. Market jitters around …

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Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover

By John Revill ZURICH (Reuters) – UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse – a surprise move to take advantage of the Swiss banker’s experience rebuilding the bank after the global financial crisis. The trader turned corporate problem fixer faces the tough challenge of …

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Buzzi Unicem sees stable core profit despite Italy slowdown

(Reuters) – Italian cement maker Buzzi Unicem said on Wednesday it expects to maintain in 2023 the level of recurring core profits reached last year, even as economic uncertainties and the war in Ukraine weaken Italy’s growth prospects. Recurring core profit came in at 892 million euros ($966.57 million) in 2022, beating the company’s own …

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Rising Antarctic ice melt will dramatically slow global ocean flows – study

By David Stanway SINGAPORE (Reuters) – Rapidly melting Antarctic ice is dramatically slowing down the flow of water through the world’s oceans, and could have a disastrous impact on global climate, the marine food chain and even the stability of ice shelves, new research has found. The “overturning circulation” of the oceans, driven by the …

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Humza Yousaf sworn in as Scotland’s leader as bid for unity falters

By Andrew MacAskill LONDON (Reuters) -Humza Yousaf was sworn in as Scotland’s new leader on Wednesday in a ceremony blending formal tradition with his Pakistani heritage, then announced his first cabinet in a move that risked deepening the divisions in his governing party. Yousaf, the first Muslim to lead a democratic western European nation, was …

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Profit at UK supermarket Asda slumps on inflation hit

LONDON (Reuters) – British supermarket group Asda on Wednesday reported a 24% fall in annual earnings after it decided not to pass the full impact of cost inflation onto consumers, taking a hit to profits instead. Asda, owned by brothers Zuber and Mohsin Issa and private equity firm TDR Capital, said core earnings, or adjusted …

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Disillusioned Bulgarians head to polls for fifth time in two years

By Stoyan Nenov DEVIN, Bulgaria (Reuters) – In the rugged Rhodope mountains in southern Bulgaria, many voters have little hope that Sunday’s parliamentary election, the nation’s fifth in two years, will produce a stable government able to tackle corruption, inflation and poverty. The latest ballot was announced in January, following three attempts by various political …

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Fugitive Russian father draws Kremlin censure, support from Wagner boss

By Mark Trevelyan (Reuters) – A Russian father who went on the run to avoid being sent to a penal colony after his daughter drew an anti-war picture at school was criticised by the Kremlin on Wednesday, but defended by the powerful head of the Wagner mercenary group. The case of Alexei Moskalyov, who came …

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