European Business News

Latest News

  • German FinMin says it's not up to rest of Europe to cushion Brexit Reuters - UK Focus - Sat, Jul 23, 2016 10:03 BST

    German Finance Minister Wolfgang Schaeuble said he saw no reason for other countries to try to cushion the blow of Britain's exit from the European Union with more spending. "I believe that is a matter ...

  • UK financial services firms will retain rights in EU -Johnson Reuters - UK Focus - Fri, Jul 22, 2016 23:50 BST

    British Foreign Secretary Boris Johnson said on Friday he expects the UK to retain the right for its financial firms to sell services across European Union member states after Britain's exit from the bloc. Johnson, speaking to reporters in New York and the United Nations headquarters, also said Britain has been approached …

  • British financial services firms will win right to sell in EU -Johnson Reuters - UK Focus - Fri, Jul 22, 2016 20:23 BST

    British Foreign Secretary Boris Johnson said on Friday he expects the U.K. to win the right for its financial firms to sell services across European Union member states after Britain's exit from the bloc. Johnson, speaking to reporters in New York about Britain's business and investment environment, said Britain has been …

  • UPDATE 1-After Brexit vote, insurer Beazley seeks EU licences in Dublin Reuters - UK Focus - Fri, Jul 22, 2016 17:51 BST

    Lloyd's of London's Beazley Plc (Other OTC: BEAZF - news) is working to get European insurance licences for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd's loses access to the bloc. "We're looking at getting the licences for our EU reinsurance company in Dublin and …

  • European shares slip as Banco de Sabadell skids, though Vodafone climbs Reuters - UK Focus - Fri, Jul 22, 2016 17:32 BST

    European stock markets slipped on Friday, weighed down by falls at Spain's Banco de Sabadell , though Vodafone gained after its update. Banca de Sabadell slumped 7.5 percent after the Spanish bank warned on its year-end profit. Shares (Berlin: DI6.BE - news) in British mobile operator Vodafone climbed 4.6 percent after …

  • INVESTMENT FOCUS-Flying into the fog of European earnings season Reuters - UK Focus - Fri, Jul 22, 2016 16:40 BST

    EasyJet (Other OTC: EJTTF - news) 's admission this week that it was unable to give an earnings forecast in the near-term underscores the predicament investors face as corporate results season gets underway next week in Europe. Earnings at Europe's largest companies are expected to fall nearly 9 percent overall, according …

  • NEW YORK--(BUSINESSWIRE)-- Following are the latest Brexit/EU Referendum news releases and story ideas for reporters, bloggers and media outlets: NEW YORK & MONTVALE, N.J.-- Brexit Uncertainty is a Key ...

  • TOKYO--(BUSINESSWIRE)-- andu amet and RICCI EVERYDAY are jointly presenting their works at Pure London, one of the largest premier fashion exhibitions in Europe, for the first time to enter the European ...

  • EUROPE POWER-Spot prices higher for early next week on low wind Reuters - UK Focus - Fri, Jul 22, 2016 11:33 BST

    European spot electricity prices for early next week nudged higher in Friday trading as low wind output in Germany outweighed falling demand in the holiday season. German baseload power for Monday delivery ...

  • Wheat crop prospects weaken further in Europe as harvest unfolds Reuters - UK Focus - Fri, Jul 22, 2016 11:15 BST

    Prospects for the soft wheat harvest deteriorated sharply in Europe in recent weeks due to worse than forecast damage from torrential spring rain, prompting analysts to slash crop estimates with French output seen at its lowest in 13 years. Consultancy ODA Groupe expects the 2016 crop in the largest EU wheat producer and …

  • European shares slip as miners weaken and Skanska skids Reuters - UK Focus - Fri, Jul 22, 2016 09:15 BST

    European stock markets slipped on Friday, weighed down by falls in mining companies and Swedish construction group Skanska. Skanska also dropped 5 percent after the company posted second-quarter earnings below market forecasts. Shares (Berlin: DI6.BE - news) in British mobile operator Vodafone and French defence electronics …

  • Europe is shrugging off the shock of Brexit Business Insider UK Finance - Fri, Jul 22, 2016 09:11 BST
    Europe is shrugging off the shock of Brexit

    The eurozone economy is shrugging off fears about the impact of Britain's vote to leave the European Union, and is showing "surprising resilience" in the face of the vote, according to the latest PMI data released by Markit on Friday morning. Markit's flash PMIs for July largely beat the forecasts of economists, and fought …

  • MORNING BID EUROPE-Brexit soundings; IMF's Lagarde hears from the courts Reuters - UK Focus - Fri, Jul 22, 2016 08:07 BST

    Neither the European Central Bank nor the Bank of England took any action at their policy meetings, preferring to see if the predicted economic Brexit blizzard blows (though the BoE (Shenzhen: 200725.SZ - news) is pretty certain it is coming). A flurry may come today when Markit (NasdaqGS: MRKT - news) releases special …

  • Heathrow says expansion more important than ever after EU vote Reuters - UK Focus - Fri, Jul 22, 2016 07:44 BST

    Heathrow Airport said the vote to leave the European Union made it more important than ever that Britain's leading airport should be allowed to expand to boost trade links with countries around the world. Britain has spent years pondering whether to expand Heathrow or its rival Gatwick to provide additional capacity in …

  • EU securities watchdog fines Fitch 1.38 mn euros AFP - Fri, Jul 22, 2016 06:43 BST
    EU securities watchdog fines Fitch 1.38 mn euros

    The European Securities and Markets Authority said senior analysts at Fitch Ratings agency had passed on information to senior figures at a parent company before the information was public

  • Dow winning streak ends; European stocks flat AFP - Thu, Jul 21, 2016 22:50 BST
    Dow winning streak ends; European stocks flat

    European Central Bank chief Mario Draghi signalled the "readiness, willingness, ability" of the bank to come to the eurozone economy's aid if needed

  • Father of EU divorce clause demands tough stance on British exit Reuters - UK Focus - Thu, Jul 21, 2016 20:01 BST

    A former Italian premier who wrote the European Union divorce clause that Britain is poised to trigger said on Thursday that Brussels should offer no concessions to London in looming negotiations to quit the trading bloc. "When it comes to the economy they have to lose," said Giuliano Amato, explaining that only then might …

  • EU securities watchdog fines Fitch Ratings 1.4 million euros Reuters - UK Focus - Thu, Jul 21, 2016 17:51 BST

    The European Union's securities watchdog has fined Fitch Ratings 1.38 million euros ($1.5 million) for breaches of the bloc's credit rating rules. The European Securities and Markets Authority said it found some senior analysts in Fitch transmitted information about some sovereign ratings to senior people in a Fitch parent …

  • European shares retreat as weaker airlines offset firmer banks Reuters - UK Focus - Thu, Jul 21, 2016 17:35 BST

    European stocks edged lower on Thursday, as a drop in the shares of major airlines offset gains in some banks, propped up by signals of support for the sector from the European Central Bank. Lufthansa slid 6 percent after issuing a profit warning. Euro zone bank stocks rose as the ECB, which kept interest rates on hold …

  • GM says Brexit "not a good omen", mulls cuts in Europe Reuters - UK Focus - Thu, Jul 21, 2016 16:37 BST

    FRANKFURT/DETROIT, July 21 (Reuters) - General Motors (NYSE: GM - news) said it was considering cost cuts in Europe to offset up to $400 million of potential headwinds triggered by Britain's Brexit vote, calling into question the carmaker's ability to return Opel and Vauxhall to a full-year profit. The carmaker has pledged …

  • European stocks made little progress on Thursday, as a drop in the shares of major airlines offset gains in some banks which were propped up by more signs that the ECB would look to support the sector. Airline stocks fell amid fears that consumers may avoid travelling abroad for holidays after last week's attack in Nice …

  • DRAGHI: Europe is showing 'encouraging resilience' in the face of Brexit Business Insider UK Finance - Thu, Jul 21, 2016 14:54 BST
    DRAGHI: Europe is showing 'encouraging resilience' in the face of Brexit

    European Central Bank president Mario Draghi said that financial markets have shown an "encouraging resilience" to the volatility caused by the UK's vote to leave the European Union in late June, and reiterated the bank's assurance that it is ready to act to contain any more market stress in the immediate aftermath of the …

  • UK retail sales suffer biggest fall in six months, no EU effect reported Reuters - UK Focus - Thu, Jul 21, 2016 13:30 BST

    British retail sales suffered their sharpest monthly fall in six months in June, but stores said bad weather rather than Brexit was to blame, leaving open the question of how big a hit the vote to leave the European Union will deal to the economy. Retail sales volumes in the five weeks to July 2 dropped by 0.9 percent, …

  • European shares decline as airline stocks slump Reuters - UK Focus - Thu, Jul 21, 2016 13:14 BST

    European stocks fell on Thursday, weighed down by a drop in the shares of major airlines after Lufthansa issued a profit warning. The pan-European STOXX 600 index and the similar FTSEurofirst 300 were ...

  • European consumers more worried about Brexit than Brits Reuters - UK Focus - Thu, Jul 21, 2016 13:13 BST

    Consumers in Spain, Italy and Poland are more worried about the impact on their economies of Britain's vote to leave the European Union than the British are themselves, a survey showed on Thursday. Of the more than 7,000 consumers polled by market research firm Mintel, 48 percent of Spanish respondents believed Brexit …

  • GM will cut costs in Europe to offset any Brexit expenses - CFO Reuters - UK Focus - Thu, Jul 21, 2016 13:11 BST

    General Motors Co Chief Financial Officer Chuck Stevens said on Thursday that "everything is on the table" regarding where the company may cut costs in Europe to offset an expense of up to $400 ...

  • UK must justify any delay on EU exit talks - Hollande Reuters - UK Focus - Thu, Jul 21, 2016 12:55 BST

    British Prime Minister Theresa May must justify any foot-dragging over the opening of formal talks to quit the European Union, French President Francois Hollande said on Thursday, adding pressure on her to launch negotiations quickly. Hollande, due to meet May in Paris later on Thursday, told a news conference during a …

  • EUROPE POWER-Spot prices down on lower demand, more German solar Reuters - UK Focus - Thu, Jul 21, 2016 12:32 BST

    European spot electricity prices for day-ahead delivery fell on Thursday pressured by a decline in consumption ahead of the weekend, and a rise in German solar power output for Friday. Power demand in ...

  • UK says unlikely to trigger formal EU divorce before year end Reuters - UK Focus - Thu, Jul 21, 2016 12:07 BST

    Britain said on Thursday that it was unlikely to trigger the start of formal proceedings on leaving the European Union before the end of the year and that the decision is one for the British government. ...

  • UK must justify any delaying on EU exit talks - Hollande Reuters - UK Focus - Thu, Jul 21, 2016 12:06 BST

    French President Francois Hollande said on Thursday he wanted Britain to open talks fast on quitting the European Union and would seek explanation from British Prime Minister Theresa May for any foot-dragging. Hollande, who is due to meet May in Paris later on Thursday, told a news conference during a visit to Ireland …

  • European stocks drop before ECB AFP - Thu, Jul 21, 2016 12:04 BST
    European stocks drop before ECB

    EasyJet's outlook, already affected by Britain's vote to leave the EU, has been further clouded by the Nice massacre and the failed military coup in Turkey

  • BUZZ-European airlines: Lufthansa warning sees sector extend sell-off Reuters - UK Focus - Thu, Jul 21, 2016 11:33 BST

    ** European airlines hammered after Lufthansa's profit warning, Nice attack, Turkey attempted coup ** Lufthansa, easyjet near the bottom of the Stoxx 600, down 7.3 pct, 6.3 pct respectively; ICAG, Air ...

  • MORNING BID EUROPE-Plenty of questions for Draghi Reuters - UK Focus - Thu, Jul 21, 2016 09:14 BST

    Jaw-jaw, not more-more from the ECB today. The European Central Bank is unlikely to do anything when it meets on policy, but its president, Mario Draghi, can be expected to say things to get markets ready ...

  • European shares seen dipping slightly at open Reuters - UK Focus - Thu, Jul 21, 2016 06:05 BST

    European stocks were seen opening slightly lower at the open on Thursday, with many investors focusing on a European Central Bank meeting later in the day at which the ECB is expected to keep rates on hold. Financial bookmakers expected Britain's FTSE 100 to open down by 16 points, or 0.2 percent lower. The ECB is all …

  • European, US equities rise on eve of ECB meet AFP - Wed, Jul 20, 2016 22:36 BST
    European, US equities rise on eve of ECB meet

    Eurozone stock markets moved higher as investors hoped for hints of extra stimulus from the European Central Bank

Next >>