(Reuters) – Britain’s National World Plc said on Thursday it was in the early stages of exploring a possible cash offer for the British news publisher Reach Plc. National World said that it has not yet approached Reach’s board for the possible offer. R…
UK’s Lloyds Bank offers UK staff 2,000 pounds minimum pay rise
By Iain Withers LONDON (Reuters) – Britain’s biggest domestic bank Lloyds has offered UK staff a minimum 2,000 pounds ($2,242) pay rise, a source with knowledge of the talks told Reuters, as lenders and employees across the sector begin annual pay talk…
Eiffage’s third-quarter revenue jumps 7.3%, driven by concessions, contracting
(Reuters) – Eiffage on Thursday posted a rise in third-quarter earnings, with a significant increase in contracting activity and concessions. The group’s quarterly revenue rose to 5.2 billion euros ($5.07 billion), up 7.3% from a year ago in the same p…
UBS launches digital bond that straddles blockchain and traditional exchanges
ZURICH (Reuters) – UBS AG has launched a 375 million Swiss franc ($370 million) bond that the Swiss bank said on Thursday was the world’s first digital bond to be publicly traded and settled on both blockchain-based and traditional exchanges. The three…
Climate change, Russia-Ukraine war hit global wine industry:OIV
By Diego Oré MEXICO CITY (Reuters) – Climate change and the Russia-Ukraine war are squeezing global sales and production in the $300 billion global wine industry, which is still recovering from the pandemic, said the International Organization of Vine …
Boeing’s first crewed Starliner spaceflight slips to April 2023
By Joey Roulette WASHINGTON (Reuters) – Boeing’s first Starliner capsule mission carrying humans has slipped from February to April 2023 as the company works with NASA to fix lingering technical issues from the spacecraft’s last uncrewed test flight, t…
Victim could have survived UK bomb attack but for flawed response, inquiry says
By Michael Holden LONDON (Reuters) – One of those killed in a suicide bomb attack at a concert in the English city of Manchester in 2017 would probably have survived if the response by the emergency services had not been so flawed, an inquiry concluded…
BoE Bailey says 75 basis points is not the new norm for rate hikes
LONDON (Reuters) – Bank of England Governor Andrew Bailey said the three-quarters-of-a-percentage point increase in interest rates announced by the central bank on Thursday was not setting a precedent for future changes in borrowing costs. “The fact th…
Wealthy families are migrating to the U.S. South and UBS is following them
By Lananh Nguyen NEW YORK (Reuters) – UBS is reshuffling its U.S. wealth leadership to focus on southern states that are crucial to the division’s growth as affluent families increasingly migrate to Florida and Texas, the company said on Thursday. The …
Thousands rally in Spain to demand pay hikes amid high inflation
By Marco Trujillo MADRID (Reuters) – Thousands of Spaniards packed Madrid’s landmark Plaza Mayor square on Thursday to demand higher pay in the first mass protest since the start of the cost of living crisis. “There is no dignity without wage hikes,” p…