×

Europe Top News and Analysis United Kingdom

  • NEW YORK— U.S. food giant Kraft Heinz Co. said that its bid to acquire Europe's Unilever had been rejected, but that it would still try to hammer out a deal. Brands: More than 200, including Oscar Mayer, Jell-O, Velveeta, Ore-Ida, Classico, Capri Sun, Grey Poupon, Planters, Maxwell House, Kool-Aid and Philadelphia. Brands: More than 400, including Dove, Hellman's, Lipton,...

  • Len McCluskey, general secretary of Unite, speaks to the media following a meeting with Dan Ammann, president of General Motors Co., at the U.K. Department for Business, Energy and Industrial Strategy offices in London, U.K., on Thursday, Feb. 16, 2017.

    A Britain trade union demanded that the government protect the local unit of General Motors from the impact of leaving the European Union.

  • By Kit Rees and Danilo Masoni. LONDON, Feb 17- European shares posted their second week of gains on Friday with personal and household goods stocks led by a leap in Unilever's shares after a takeover bid, though banking and resources stocks saw a pull-back. A prime example of M&A activity was a surprise $143 billion takeover bid from U.S. food company Kraft Heinz Co...

  • LONDON, Feb 17- Sterling sank to a 10- day low against the euro on Friday after a surprise third monthly fall running in British retail sales pointed to weakening consumer sentiment as the government gets ready to launch talks on leaving the European Union. It fell to a one-week low of $1.2388, down almost 1 percent on the day, before recovering to $1.2418 in the...

  • NEW YORK, Feb 17- The yen rose against major currencies on Friday as concerns about the upcoming French elections and the lack of movement in fiscal changes in the United States kindled safe-haven demand for the Japanese currency. The dollar improved versus most peers with the exception of the yen, leaving it little changed on the week following mildly hawkish...

  • Personetics, which has offices in New York, London and Tel Aviv, creates "chatbots" that can respond to customer questions through popular messaging platforms like Facebook Inc's Messenger. The division was initially allocated $100 million to invest but was given an extra $100 million in July. It has backed more than a dozen companies so far, including automated...

  • Personetics, which has offices in New York, London and Tel Aviv, creates "chatbots" that can respond to customer questions through popular messaging platforms like Facebook Inc's Messenger. The division was initially allocated $100 million to invest but was given an extra $100 million in July. It has backed more than a dozen companies so far, including automated...

  • *Demand growth falters in China, India. Estimates suggest compliance by OPEC is around 90 percent, and Reuters reported on Thursday that OPEC could extend the pact or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level. "It's encouraging that it may not be a six-month deal but one of the issues is if you look at OPEC and other...

  • *Leadership contest seen delaying explosive Italy election. The ECB currently weights its purchases based on the size of a country's economy, meaning the lion's share of buying is in Germany, but investors expect any deviation from that could benefit countries with the biggest debt pools such as Italy. Investors in Italy have been beset by political worries...

  • LONDON— British Prime Minister Theresa May is seeking to reassure France that the U.K. won't try to "cherry-pick" benefits of European Union membership when it leaves the bloc. May met with French Prime Minister Bernard Cazeneuve at 10 Downing St. on Friday at what she called "an interesting time" for Britain. EU leaders including French President Francois...

  • BERLIN/ RUESSELSHEIM, Germany, Feb 17- Germany will do all it can to secure Opel plants and jobs in the country if Peugeot maker PSA buys the General Motors business, Chancellor Angela Merkel said on Friday, highlighting the political challenges the carmakers face in sealing a deal. GM and PSA said this week they were in talks over a potential deal for the French...

  • GUAYAQUIL, Ecuador, Feb 17- Ecuador's lead opposition candidate is offering a sharp break with ten years of leftist rule in the Andean country, vowing to remove Wikileaks founder Julian Assange from the nation's London embassy, speak out against Venezuela's socialist government, and likely renegotiate debts with China. With analysts expecting the OPEC...

  • *Euro slightly weaker on report French left may unite. LONDON, Feb 17- Falls for the euro and the pound dominated trade in the major global currencies on Friday, hit by a combination of nerves over upcoming French elections and signs British consumers are beginning to struggle in the face of the Brexit effect. The euro dipped around a quarter of a percent to $1.0648.

  • LAGOS, Feb 17- Nigeria's deputy leader is making wide use of powers granted by President Muhammadu Buhari, who is on extended sick leave abroad, as the country seeks to avoid a debilitating power vacuum while it confronts its first recession in 25 years. The Nigerian stock exchange, already hit by recession, has fallen to a nine-month low on the uncertainty over...

  • *Leadership contest seen delaying explosive Italy election. The ECB currently weights its purchases based on the size of a country's economy, meaning the lion's share of buying is in Germany, but investors expect any deviation from that could benefit country's with the biggest debt pools such as Italy. Investors in Italy have been beset by political worries...

  • *Opel CEO says combination makes fundamental sense. RUESSELSHEIM, Feb 17- Workers' representatives of General Motors' European arm Opel are prepared to hold "constructive" talks with prospective new owner PSA Group as long as commitments to jobs and plant investments are upheld, they said on Friday. General Motors and Peugeot owner PSA said this week they were in...

  • *Opel CEO says combination makes fundamental sense. RUESSELSHEIM, Feb 17- Workers' representatives of General Motors' European arm Opel are prepared to hold "constructive" talks with prospective new owner PSA Group as long as commitments to jobs and plant investments are upheld, they said on Friday. General Motors and Peugeot owner PSA said this week they were in...

  • LONDON, Feb 17- Gold crept higher on Friday as investors opted for the safe haven qualities of bullion due to uncertainty about U.S. and European politics as well as the direction of stock markets. "Gold is close to its recent multi-month high despite the strong dollar, due to an increase in volatility on the equity markets and more uneasiness on the political front,...

  • LONDON, Feb 17- Sterling sank to a 10- day low against the euro on Friday after a surprise third monthly fall running in British retail sales pointed to weakening consumer sentiment as the government gets ready to launch talks on leaving the European Union. Shoppers have driven a relatively robust performance for Britain's economy since last June's Brexit...

  • *Prices up by most since July 2013. LONDON, Feb 17- British shoppers unexpectedly cut back on their spending in January as last year's Brexit vote pushed up inflation, official data showed on Friday, the strongest sign to date that the country's economy is heading for a slowdown. Consumers were barely fazed last year by June's decision to leave the European Union.