FCA fines property agent one million pounds19/06 12:09 CET, LONDON (Reuters) – Britain’s Financial Conduct Authority has fined a property trader nearly a million pounds for major failings, the largest fine ever for a sole trader in the…
FCA fines property agent one million pounds19/06 12:08 CET, LONDON (Reuters) – Britain’s Financial Conduct Authority has fined a property trader nearly a million pounds for major failings, the largest fine ever for a sole trader in the…
- EU fines Lundbeck, 8 others 146 million euros for blocking cheaper drugs
19/06 12:04 CET, By Foo Yun Chee BRUSSELS (Reuters) – Nine drugmakers, including Denmark’s Lundbeck , were fined a total of 146 million euros (124 million pounds) by EU antitrust regulators on…
Airbus wins A350 order from Air France-KLM19/06 11:54 CET, PARIS (Reuters) – Airbus sealed a long-awaited order for 25 A350-900 aircraft from Air France-KLM worth $7.2 billion (4.6 billion pounds) at list prices after Rolls-Royce and…
IMF gives Spain a thumbs up, warns of risks19/06 11:52 CET, By Julien Toyer MADRID (Reuters) – Spain has made strong progress on fixing its economy, the International Monetary Fund said on Wednesday, although it warned more steps were…
Kuroda to ride out market storm without more stimulus19/06 11:50 CET, By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda has no intention of blinking first in the face off with Japan’s markets even as central bank officials…
Leasing firm CIT orders 30 Boeing 737 MAX planes19/06 11:48 CET, PARIS (Reuters) – Boeing has won an order for 30 of its 737 MAX 8 aircraft worth $3 billion (1 billion pounds) at list prices from leasing firm CIT Group , the two companies said…
New Eurofighter chief aims to make jet cheaper19/06 11:47 CET, PARIS (Reuters) – The new chief of the Eurofighter Typhoon will lay out plans by the end of this year to make the fighter jet cheaper and decision-making quicker, as the aircraft…
- Leasing firm CIT orders 30 Boeing 737 MAX planes
19/06 11:42 CET, PARIS (Reuters) – Boeing has won an order for 30 of its 737 MAX 8 aircraft worth $3 billion at list prices from leasing firm CIT Group , the two companies said at the Paris…
IMF gives Spain a thumbs up, warns of risks19/06 11:31 CET, By Julien Toyer MADRID (Reuters) – Spain has made strong progress on fixing its economy, the International Monetary Fund said on Wednesday, although it warned more steps were…
Spain's credit squeeze thwarts small companies' export plans19/06 11:26 CET, By Sonya Dowsett MADRID (Reuters) – For three generations the Posada family has exported candied chestnuts around the globe, but plans for further expansion are being hampered by…
- Swiss upper house keeps U.S. tax deal alive; set for lower house
19/06 11:22 CET, ZURICH (Reuters) – Swiss upper house lawmakers kept alive a draft law aimed at ending a long-running U.S. tax probe into hidden offshore accounts at Swiss banks on Wednesday…
Airbus wins $7.5 billion A350 order from Air France: KLM19/06 11:03 CET, PARIS (Reuters) – Airbus won an order for 25 A350-900 aircraft from Franco-Dutch carrier Air France-KLM worth $7.5 billion (4.8 billion pounds) at list prices, the planemaker…
German cartel court takes on Porsche lawsuit: source19/06 10:59 CET, BERLIN (Reuters) – A German court has assigned an investor lawsuit seeking about 2 billion euros ($2.7 billion) in damages from Porsche SE to a court specialising on cartel…
BoE split 6-3 against more QE at King's final meeting19/06 10:53 CET, LONDON (Reuters) – The Bank of England remained divided 6-3 against more asset purchases in June and watched with caution market reaction to signs the U.S. Federal Reserve might…
BoE split 6-3 against more QE at King's final meeting19/06 10:44 CET, LONDON (Reuters) – The Bank of England remained divided 6-3 against more asset purchases in June and watched with caution market reaction to signs the U.S. Federal Reserve might…
American Airlines, US Airways seek EU approval for merger19/06 10:43 CET, BRUSSELS (Reuters) – US Airways Group and American Airlines are seeking EU antitrust approval for their planned $11 billion merger, which would create the world’s largest…
- BoE split 6-3 against more QE at King's final meeting
19/06 10:42 CET, LONDON (Reuters) – The Bank of England remained divided 6-3 against more asset purchases in June and watched with caution market reaction to signs the U.S. Federal Reserve might…
- BC Partners buys Springer Science for 3.3 billion euros
19/06 10:38 CET, FRANKFURT (Reuters) – Buyout firm BC Partners has agreed to take over German publisher Springer Science+Business Media for about 3.3 billion euros (2.8 billion pounds) in the…
Slovenia's recession may last through 2014: central bank official19/06 10:36 CET, By Marja Novak LJUBLJANA (Reuters) – Slovenia’s economy may contract in 2014 as well as 2013, a central bank official said on Wednesday, signalling the country’s recession could…
New CEO begins Alcatel make-over19/06 10:27 CET, By Leila Abboud PARIS (Reuters) – Telecom equipment maker Alcatel-Lucent plans to focus on networking products and high-speed broadband and will slim down with a billion euros in…
Boeing says 737 MAX to enter service in Q3 201719/06 10:26 CET, PARIS (Reuters) – Boeing’s upgraded and re-engined version of its 737 aircraft will come into service in the third quarter of 2017, around six months earlier than scheduled, a…
Revision of Cypriot bailout terms not likely - euro zone officials19/06 09:55 CET, BRUSSELS (Reuters) – The euro zone does not intend to change the terms of Cyprus’s bailout as requested by Cypriot President Nicos Anastasiades in a letter sent to euro zone…
China's Dalian Wanda to spend $1.6 billion on UK yacht maker, hotel19/06 09:22 CET, LONDON (Reuters) – Chinese conglomerate Dalian Wanda Group said it would spend $1.6 billion (1.0 billion pounds) to buy British yacht maker Sunseeker and develop an upmarket…
- Darty year profit slumps 66 percent
19/06 08:52 CET, LONDON (Reuters) – Darty , Europe’s No. 3 electrical goods retailer, posted an expected slump in year profit, hit by weak economic conditions in the euro zone and a structural…
- Housebuilder Berkeley's profit rises 26 percent
19/06 08:33 CET, LONDON (Reuters) – British housebuilder Berkeley Group Holdings posted a 26 percent rise in full year pretax profit and said its 10-year plan to return 1.7 billion pounds to…
- Imagination Tech's profit dips on licensing slowdown
19/06 08:31 CET, LONDON (Reuters) – Imagination Technologies , the British chip designer whose graphics technology is in Apple’s iPhone, saw its full-year profit dip, as the market had expected…
UK parliamentarians call for 'reckless' bankers to face jail19/06 08:23 CET, By Matt Scuffham LONDON (Reuters) – Britain should introduce laws making it possible to jail “reckless” bankers and claw back past bonus and pension awards, an influential panel…
Darty year profit slumps19/06 08:20 CET, LONDON (Reuters) – Darty , Europe’s No. 3 electrical goods retailer, posted an expected slump in year profit, hit by weak economies in the euro zone and a structural shift to…
Japan's exports pick up pace, give economy momentum in rough markets19/06 07:33 CET, By Kaori Kaneko and Stanley White TOKYO (Reuters) – Japan’s exports rose in May at the fastest annual rate in more than two years with the help of a weak yen and a moderate…
Fed seen keeping options open on pace of bond buying19/06 07:07 CET, By Alister Bull WASHINGTON (Reuters) – Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while…
- Asia business sentiment rises in second quarter, global growth risk still dominates
19/06 05:08 CET, By Miyoung Kim SEOUL (Reuters) – Asia’s top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the…
- Dish abandons Sprint bid for now to focus on Clearwire
19/06 03:27 CET, By Sinead Carew NEW YORK (Reuters) – Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and…
Kodak prepares $406 million offering as it eyes bankruptcy exit19/06 02:48 CET, (Reuters) – Eastman Kodak Co on Tuesday said it will seek court approval for a $406 million (259.7 million pounds) rights offering that could give creditors a big equity stake in…
- Dish abandons Sprint bid for now to focus on Clearwire
19/06 01:56 CET, NEW YORK (Reuters) – Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and will instead focus…
UK parliamentarians call for 'reckless' bankers to face jail19/06 01:29 CET, By Matt Scuffham LONDON (Reuters) – Britain should introduce laws making it possible to jail “reckless” bankers and claw back past bonus and pension awards, an influential panel…
Vodafone raises Kabel Deutschland offer after rival bid - report19/06 01:24 CET, (Reuters) – Britain’s Vodafone Group Plc has raised its preliminary offer to buy Germany’s largest cable operator, Kabel Deutschland Holding AG , a day after U.S. media group…
- Call for overhaul of drug industry business model
19/06 01:14 CET, By Ben Hirschler LONDON (Reuters) – Pharmaceutical companies need to boost the benefits of drug research by working with regulators and healthcare providers to overhaul the way…
Osborne to unveil future of state-controlled banks19/06 01:09 CET, By David Milliken and Matt Scuffham LONDON (Reuters) – The fate of Britain’s two state-controlled banks will become clearer on Wednesday, when Chancellor George Osborne is likely…
- UK lawmakers call for 'reckless' bankers to face jail
19/06 01:06 CET, By Matt Scuffham LONDON (Reuters) – Britain should introduce laws making it possible to jail “reckless” bankers and claw back past bonus and pension awards, an influential panel…
- Dish abandons Sprint bid to focus on Clearwire
19/06 00:46 CET, NEW YORK (Reuters) – Dish Network Corp said on Tuesday that it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel and focus instead on its tender offer…
Icahn seeks Dell share buyback, buys Southeastern stock19/06 00:39 CET, (Reuters) – Billionaire investor Carl Icahn promised Dell Inc shareholders that the company would buy back up to $16 billion of stock if they join his campaign to stop the…
Hewlett-Packard moves printer, PC executive Bradley into new job19/06 00:20 CET, By Poornima Gupta (Reuters) – Hewlett-Packard Co on Tuesday named Todd Bradley, the head of its largest unit, printing and personal computers, to take on the new job of…
Alcatel-Lucent revamp aims to cut 1 billion euros in costs - report18/06 23:59 CET, PARIS (Reuters) – Telecommunications gear maker Alcatel-Lucent aims to cut a billion euros in costs and focus on the IP router business and mobile broadband as part of a strategic…
- 3i confirms departures of UK, Nordic private equity heads
18/06 23:44 CET, (Reuters) – British buyout firm 3i Group Plc , which is carrying out a major restructuring, confirmed on Tuesday that the head of its UK private equity operation has left and that…
- Icahn seeks Dell share buyback, buys South-eastern stock
18/06 23:40 CET, (Reuters) – Billionaire investor Carl Icahn promised Dell Inc shareholders that the company would buy back up to $16 billion (10.2 billion pounds) of stock if they join his…
Deloitte to pay NY $10 million for misconduct over Standard Chartered18/06 23:38 CET, By Karen Freifeld NEW YORK (Reuters) – Deloitte LLP’s financial advisory unit will pay $10 million (6.3 million pounds) and refrain for one year from new business with certain…
Exclusive - Facebook reaches one million active advertisers18/06 22:31 CET, By Jennifer Saba (Reuters) – Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company…
Troika team pauses Greek inspection, talks to finish end-June18/06 22:26 CET, ATHENS (Reuters) – Greece’s international creditors are to take a break from reviewing Athens’ progress in shoring up its public finances for about a week, the finance minister…
EasyJet plane order rekindles Airbus-Boeing subsidy row18/06 21:34 CET, PARIS (Reuters) – An order for more than 100 Airbus passenger jets by UK low-cost carrier easyJet has re-ignited a long-running trade spat between the European planemaker and…
- Deloitte, NY settle over review of Standard Chartered money laundering
18/06 21:12 CET, By Karen Freifeld NEW YORK (Reuters) – A financial advisory unit of Deloitte LLP has agreed to pay $10 million (6.3 million pounds) and accept other New York state penalties to…
Icahn seeks Dell share buyback, buys Southeastern stock18/06 21:01 CET, (Reuters) – Billionaire investor Carl Icahn on Tuesday laid out a new proposal for Dell Inc, calling on the No. 3 PC maker to buy back 1.1 billion shares and allowing the activist…
Huawei might consider buying Nokia -report18/06 20:45 CET, NEW YORK (Reuters) – Chinese network equipment and cellphone maker Huawei Technologies Co. would consider buying Finland’s Nokia to help it expand its smartphone business…
- Hedge funds brace for renewed debt crisis
18/06 20:39 CET, By Laurence Fletcher MONACO (Reuters) – The euro zone’s debt crisis may be far from over, while Japan’s money-printing gamble to revive its economy could destabilise global…
As PPR becomes Kering, Puma and Fnac problems remain18/06 20:30 CET, By Astrid Wendlandt and Victoria Bryan PARIS/FRANKFURT (Reuters) – PPR turned the page on its retail past and started a new life as a luxury and sports brands group by renaming…
Exclusive: Japan's Astellas looks to sell dermatology assets - sources18/06 20:29 CET, By Jessica Toonkel NEW YORK (Reuters) – Japanese drugmaker Astellas Pharma Inc is looking to sell its dermatology portfolio, which could be worth between $500 million (319…
- U.S. defence budget uncertainty clouds Chemring outlook
18/06 20:12 CET, By Abhishek Takle (Reuters) – British military equipment maker Chemring Group Plc said results for the year would likely be at the lower end of its expectations as it…
- Exclusive: Japan's Astellas looks to sell dermatology assets - sources
18/06 20:00 CET, By Jessica Toonkel NEW YORK (Reuters) – Japanese drugmaker Astellas Pharma Inc is looking to sell its dermatology portfolio, which could be worth between $500 million and $1…
- As PPR becomes Kering, Puma and Fnac problems remain
18/06 19:59 CET, By Astrid Wendlandt and Victoria Bryan PARIS/FRANKFURT (Reuters) – PPR turned the page on its retail past and started a new life as a luxury and sports brands group by renaming…
- U.S. defence budget uncertainty clouds Chemring outlook
18/06 19:56 CET, By Abhishek Takle (Reuters) – British military equipment maker Chemring Group Plc said results for the year would likely be at the lower end of its expectations as it…
Sweden selling Nordea stake, could raise $2.8 billion18/06 19:48 CET, By Mia Shanley and Anna Ringstrom STOCKHOLM (Reuters) – Sweden is selling a 5.7 percent stake in Nordea , the Nordic region’s biggest bank, in a move that may give the…
SFO charges ex-UBS trader Hayes in Libor investigation18/06 19:43 CET, By Kirstin Ridley LONDON (Reuters) – The Serious Fraud Office (SFO) on Tuesday charged former UBS and Citigroup trader Tom Hayes with eight counts of conspiracy to defraud as it…
Vodafone and Liberty face battle for Kabel Deutschland18/06 19:37 CET, By Paul Sandle and Sophie Sassard LONDON (Reuters) – Vodafone faces a battle for Germany’s largest cable company, Kabel Deutschland , although rival bidder Liberty Global of…
- Exlusive: Japan's Astellas looks to sell dermatology assets - sources
18/06 19:33 CET, By Jessica Toonkel NEW YORK (Reuters) – Japanese drugmaker Astellas Pharma Inc is looking to sell its dermatology portfolio, which could be worth between $500 million and $1…
- Exclusive: Astellas looking to sell dermatology assets - sources
18/06 19:16 CET, NEW YORK (Reuters) – Japanese drugmaker Astellas Pharma Inc is looking to sell its dermatology portfolio that could be worth between $500 million (319 million pounds) and $1…
- Exclusive: Astellas looking to sell dermatology assets - sources
18/06 19:14 CET, NEW YORK (Reuters) – Japanese drugmaker Astellas Pharma Inc is looking to sell its dermatology portfolio that could be worth between $500 million and $1 billion, according to…
Swiss parliament stalls progress of U.S. tax deal18/06 18:40 CET, By Katharina Bart ZURICH (Reuters) – Switzerland’s lower house of parliament has stalled a government bid to protect the country’s banks from criminal charges in the United…
AstraZeneca turnaround is 3-4 year journey - CEO18/06 18:18 CET, LONDON (Reuters) – Turning around drug maker AstraZeneca will be a long haul, with a strategy of revamping research and boosting acquisitions set to take up to four years to pay…
Merkel's party has no plans to privatise Deutsche Bahn18/06 18:08 CET, BERLIN (Reuters) – Angela Merkel’s conservatives have no plans to privatise Deutsche Bahn during Germany’s next legislative period, according to their election programme…
- The rich expand their holdings and increase in number - study
18/06 18:02 CET, By Jennifer Hoyt Cummings (Reuters) – The number of millionaires in the world jumped 9.2 percent to 12 million last year, in part because of simultaneous strength in the stock…
- Hedge fund managers don hairshirts and 'impact investing' at Monaco meet
18/06 17:59 CET, By Laurence Fletcher MONTE CARLO (Reuters) – Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more…
FTSE to rise 6 percent by year end18/06 17:56 CET, By Alistair Smout LONDON (Reuters) – Britain’s top share index looks set to rise 6 percent from now until the end of 2013 as confidence in the global economy improves, according…
- Hedge fund managers don hairshirts and "impact investing" at Monaco meet
18/06 17:55 CET, By Laurence Fletcher MONACO (Reuters) – Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially…
Deloitte settles with New York over Standard Chartered money laundering18/06 17:53 CET, By Karen Freifeld NEW YORK (Reuters) – Deloitte Financial Advisory Services settled with New York’s banking regulator over its consulting work for Standard Chartered Bank on…
EU budget deal elusive as parliament digs in heels18/06 17:51 CET, BRUSSELS (Reuters) – European Union negotiators are struggling to conclude talks on the bloc’s next long-term budget, risking delays to the disbursement of funds destined for…
- FTSE to rise 6 percent by year end
18/06 17:47 CET, By Alistair Smout LONDON (Reuters) – Britain’s top share index looks set to rise 6 percent from now until the end of 2013 as confidence in the global economy improves, according…
FCA says 'means business' on suing individuals18/06 17:31 CET, LONDON (Reuters) – Britain’s top market regulations enforcer said on Tuesday her agency would pursue relentlessly individuals who break rules such as rigging Libor interest rates…
SFO charges ex-UBS trader Hayes in Libor investigation18/06 17:21 CET, By Kirstin Ridley LONDON (Reuters) – The Serious Fraud Office (SFO) on Tuesday charged former UBS and Citigroup trader Tom Hayes with eight counts of conspiracy to defraud as it…
U.S. inflation data points to firming economy18/06 17:03 CET, By Jason Lange WASHINGTON (Reuters) – A gauge of underlying U.S. inflation showed signs of stabilizing in May after a long decline, a potential comfort to Federal Reserve…
Adidas sets new football sales goal in World Cup year18/06 16:47 CET, By Keith Weir HERZOGENAURACH, Germany (Reuters) – German sportswear maker Adidas AG forecast record sales for its football business in 2014, aiming to retain market leadership…
Boeing's new Dreamliner steps up big jet battle18/06 16:46 CET, By Alwyn Scott and Tim Hepher PARIS (Reuters) – Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday, intensifying the battle with…
- FCA says "means business" on suing individuals
18/06 16:34 CET, LONDON (Reuters) – Britain’s top market regulations enforcer said on Tuesday her agency would pursue relentlessly individuals who break rules such as rigging Libor interest rates…
- FCA says "means business" on suing individuals
18/06 16:28 CET, LONDON (Reuters) – Britain’s top market regulations enforcer said on Tuesday her agency would pursue relentlessly individuals who break rules such as rigging Libor interest rates…
U.S. inflation data points to firming economy18/06 15:17 CET, By Jason Lange WASHINGTON (Reuters) – U.S. consumer prices rose in May and a gauge of underlying price pressures showed signs of stabilizing after a long decline, a potential…
- Spain's debt costs, bad loans rise as minister signals turnaround
18/06 15:11 CET, By Paul Day and Andrés González MADRID/SANTANDER (Reuters) – Spain’s short-term debt costs rose on Tuesday and data showed higher bad loan rates in the banking sector, casting…
GSK negotiating $1 billion sale of thrombosis drugs to Aspen18/06 15:02 CET, By Ben Hirschler LONDON (Reuters) – GlaxoSmithKline is discussing the sale of its thrombosis drug brands Arixtra and Fraxiparine, along with a related French factory, to Aspen…
- Royalty drops hostile bid for Ireland's Elan
18/06 15:00 CET, By Padraic Halpin DUBLIN (Reuters) – U.S.-based Royalty Pharma has dropped a hostile bid worth up to $8 billion (5.1 billion pounds) for Elan , leaving the Irish drug maker free…
Investors back away from emerging markets on China fears - BofA survey18/06 14:55 CET, By Joel Dimmock LONDON (Reuters) – Emerging markets are suffering a sharp pullback by investors fearful of a shock from China just as confidence in the world economy, and the…
Adidas targets record football sales in World Cup year18/06 14:47 CET, HERZOGENAURACH, Germany (Reuters) – German sportswear maker Adidas expects sales from its football division to break the 2 billion euro (1.7 billion pounds) barrier for the first…
Spain's credit squeeze thwarts small companies' export plans18/06 14:39 CET, By Sonya Dowsett MADRID (Reuters) – For three generations the Posada family has exported candied chestnuts around the globe, but plans for further expansion are being hampered by…
Vodafone and Liberty face battle for Kabel Deutschland18/06 14:26 CET, By Paul Sandle and Sophie Sassard LONDON (Reuters) – Vodafone faces a battle for Germany’s largest cable company, Kabel Deutschland, although rival bidder Liberty Global of the…
Adidas sees record football sales in World Cup year 201418/06 14:23 CET, HERZOGENAURACH, Germany (Reuters) – German sportswear group Adidas expects record sales from its football division of 2 billion euros (1.7 billion pounds) in 2014 when the World…
Vodafone and Liberty face battle for Kabel Deutschland18/06 14:17 CET, By Paul Sandle and Sophie Sassard LONDON (Reuters) – Vodafone faces a battle for Germany’s largest cable company, Kabel Deutschland , although rival bidder Liberty Global of…
Euro zone single supervision launch may face three-month delay18/06 14:02 CET, BRUSSELS (Reuters) – The launch of the euro zone single supervision mechanism, the first step towards banking union, might be delayed by three months from July to September 2014…
Lloyds says no political pressure for branches sale to Co-op18/06 13:50 CET, By Matt Scuffham and Steve Slater LONDON (Reuters) – British bank Lloyds has denied being subject to political pressure to sell hundreds of branches to the Co-operative Group…
ECB rates becoming more effective again - Draghi18/06 13:31 CET, By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) – The European Central Bank is ready to act to aid the euro zone economy if needed, while signs of market stabilisation…
- Monte Paschi sent restructuring plan to EU on Monday
18/06 13:30 CET, MILAN/BRUSSELS (Reuters) – Banca Monte dei Paschi di Siena , Italy’s third-largest lender, has sent a restructuring plan to the European Commission and will release details of the…
Swiss parliament stalls progress of U.S. tax deal18/06 13:05 CET, By Katharina Bart ZURICH (Reuters) – Switzerland’s lower house of parliament has stalled the government’s bid to protect the country’s banks from criminal charges in the United…
- Boeing's new Dreamliner steps up big jet battle
18/06 13:04 CET, By Alwyn Scott and Tim Hepher PARIS (Reuters) – Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday, sharpening the battle with…
- EU trade chief to discuss solar dispute in Beijing
18/06 13:01 CET, By Ethan Bilby BRUSSELS (Reuters) – The European Union’s top trade official will discuss a dispute with China over solar panels at a meeting in Beijing on Friday, with the …
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