Europe Business

Shares in Nigeria's Diamond Bank fall further after denying takeover talks

13/11 Nigeria's Diamond Bank dropped 9.48 percent on Tuesday to a more than one-year low, a day after the mid-tier lender denied media speculation it was in talks to be bought by rival Access Bank.  Full story

Copper, zinc gain on hopes of Chinese economic stimulus

06h00 London copper inched higher along with other metals on Thursday, supported by expectations of potential stimulus measures in China to boost the world's No. 2 economy after recent data pointed to cooling growth.. . .  Full story

Birla Copper sees Indian copper demand doubling by 2026

05h08 India's refined copper consumption is set to more than double over the next eight years amid rising demand from the power, auto and consumer sectors, the chief executive of one of the country's top. . .  Full story

Oil prices resume decline on oversupply worries

05h04 Oil prices fell on Thursday, pressured by rising supply going into a market in which consumption is expected to slow down amid a glum economic outlook.. . .  Full story

Antofagasta board has approved expansion of Los Pelambres copper mine - CEO

04h59 The board of directors of Chilean miner Antofagasta has approved an expansion of the company's flagship Los Pelambres copper mine in Chile, Chief Executive Ivan Arriagada told Reuters in an interview on Thursday.. . .  Full story

Aussie shares weaker as financial firms track Wall St losses; NZ falls

03h48 Australian shares edged lower on Thursday as financial stocks tracked their Wall Street counterparts, although stronger oil stocks provided some support for the broader market as crude prices recovered.. . .  Full story

Nigeria Senate committee says NNPC amount probed has doubled to $2.2 bln

03h12 A probe by the Nigerian Senate into whether state oil firm NNPC improperly withdrew money has expanded with the amount under investigation doubling to over $2.2 billion, a committee said on Wednesday.. . .  Full story

Gold prices hold steady as dollar eases

03h11 Gold prices held steady on Thursday, after rising nearly a percent in the previous session, as the dollar retreated further from a 16-month peak against a basket of currencies.. . .  Full story

What draft Brexit deal says of Irish border and contested 'backstop'

01h14 British Prime Minister Theresa May's cabinet on Wednesday approved a draft Brexit deal with the European Union, more than 500 pages of legal text that was long held up by disagreements between the two. . .  Full story

Paulson & Co keeps stake in gold investments during Q3 -filing

01h02 Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the third quarter of 2018 while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton. . .  Full story

Bourbon Parma jewels fetch record $53.2 mln including Marie Antoinette gems

00h41 One hundred Bourbon Parma family jewels, including 10 pieces that belonged to French Queen Marie Antoinette, fetched 53.5 million Swiss francs ($53.2 million), setting a world record for a royal collection, Sotheby's said on Wednesday.. . .  Full story

EU's Barnier hails "decisive step" toward Brexit

14/11 The European Union's Brexit negotiator Michel Barnier said the British government's agreement on Wednesday to a draft treaty was a "decisive step" toward ensuring Britain's orderly withdrawal from the bloc.. . .  Full story

Draft Brexit deal ends Britain's easy access to EU financial markets

14/11 The United Kingdom and the European Union have agreed a deal that will give London's vast financial centre only a basic level of access to the bloc's markets after Brexit.. . .  Full story

Activist investors head to Europe with more demands -research group

14/11 Activist investors stepped up their engagement in Europe and put $7.6 billion to work there in the first quarter alone while making more calls for corporate sales and takeovers than last year, new data. . .  Full story

EU trade chief says she hopes EU member states will approve Brexit deal

14/11 European Union trade commissioner Cecilia Malmstrom said on Wednesday she hoped that EU member states would approve the Brexit deal, and that she agreed with criticism by the United States on China.. . .  Full story

Pan American Silver offers $1.1 bln to buy out Tahoe

14/11 Pan American Silver Corp said Wednesday it has agreed to buy Tahoe Resources Inc in a $1.07 billion cash and stock deal that would create a top global silver miner but also include some troublesome. . .  Full story

Commodities drag FTSE 100 down, Debenhams suffers worst-ever day

14/11 Britain's top stock index fell on Wednesday as mining shares and oil majors sold off amid growing anxiety that global growth was slowing, though a late rally in gambling stocks offset some of the. . .  Full story

European stocks hit 2-week low as sell-off leaves few sectors unscathed

14/11 European shares hit their lowest in two weeks on Wednesday in a broadbased sell-off across oil, mining, technology and banking stocks amid renewed worries about a global economic slowdown and Italy's budget crisis deepens.. . .  Full story

Global regulators hold off designating 'too big to fail' insurers

14/11 Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American International Group and. . .  Full story

Czech minimum wage to grow by nine pct in 2019 - minister

14/11 The Czech government plans to raise the minimum wage by nine percent in January 2019, the seventh increase in as many years, as solid economic growth fuels demands for pay increases.. . .  Full story

Base metals tread water on mixed China data

14/11 Base metals held steady on Wednesday as weak retail sales data from top consumer China took the shine off upbeat industrial output and investment figures in the country. Benchmark copper. . .  Full story

UK banks fail to assess, escalate whistleblower reports consistently -FCA

14/11 Most banks in Britain are not assessing and escalating whistleblower concerns consistently and some need to improve arrangements to protect those who lift the lid on wrongdoing from victimisation, the markets regulator said on Wednesday.. . .  Full story

Italian bond yields jump as Rome sticks to deficit target

14/11 Italian bond yields hit three-week highs on Wednesday, widening the gap over top-rated German peers, after Italy re-submitted its 2019 budget to the European Commission with unchanged growth and budget deficit assumptions but falling debt. . .  Full story

Global accounting body proposes one-year delay to insurance rule

14/11 A global standards body has proposed a one-year delay to implementing its new accounting rule aimed at increasing visibility in how insurers earn money, after the industry said it needed more time to prepare. . .  Full story

No-deal Brexit would cost Britain 6 pct of GDP, IMF warns

14/11 Leaving the European Union without a transitional trade deal would cost Britain about 6 percent of GDP -- roughly four years of economic growth -- compared with staying in the bloc, the International Monetary Fund. . .  Full story

VW to convert three German plants to build electric cars

14/11 Volkswagen will convert three German factories to build electric cars, as Europe's largest automaker by sales starts mass producing zero-emission vehicles in a major strategy shift following its emissions cheating scandal.. . .  Full story

Polish anti-corruption agents search offices of financial regulator

14/11 Anti-corruption investigators said they have searched the offices of Poland's financial regulation authority (KNF) on Wednesday, a day after its boss quit following newspaper reports he had sought a large bribe from the bank.. . .  Full story

EU lawmakers back at least 35 pct CO2 cut from trucks by 2030

14/11 European Union lawmakers on Wednesday backed the region's first ever curbs on carbon dioxide emissions from trucks, calling for a cut of at least 35 percent by 2030, despite protests from manufacturers.. . .  Full story

Germany's Wirecard sees profit jump but volumes knock shares

14/11 German fintech company Wirecard raised its profit target after strong third-quarter earnings on Wednesday, but slower than expected transaction volumes in Europe weighed on its shares.. . .  Full story

UK's Sports Direct to close four more House of Fraser stores

14/11 Sports Direct plans to close four more House of Fraser department stores after Christmas, having failed to agree terms with landlord Intu Properties, the sportswear retailer said on Wednesday.. . .  Full story

Investors GrizzlyRock, Vivaldi oppose Restaurant Group's purchase of Wagamama

14/11 Two shareholders of Frankie & Benny's owner Restaurant Group Plc on Wednesday called on the company to cancel its proposed 357-million-pound ($463 million) deal to buy the Wagamama noodle chain.. . .  Full story

Swiss propose gold transparency to avoid human rights breaches

14/11 Switzerland stopped short of new laws to ensure that gold it imports for refining has not been produced in violation of human rights, proposing greater industry transparency instead.. . .  Full story

Russia appeals UK court ruling on $3 bln Ukrainian eurobond-FinMin

14/11 Moscow has appealed a British ruling on the $3 billion Russia lent to Ukraine in 2013 by purchasing its eurobond, Russia's Finance Ministry said on Wednesday.. . .  Full story

Mexico fines global banks for inflating bond trading volumes

14/11 Mexico's securities regulator has fined top banks, traders and brokers for simulating bond trades to pump up volumes, according to a government document and source, in one of the country's widest probes into the industry. . .  Full story

EU states still divided over money laundering reform - sources

14/11 European Union states are still divided over an overhaul of rules for the supervision of banks against money laundering, two EU sources said on Wednesday.. . .  Full story

Defiant Italy sets stage for budget showdown with EU

14/11 Italy re-submitted its draft 2019 budget to the European Commission with the same growth and deficit assumptions as a draft rejected for breaking European Union rules, stepping up its showdown with the EU over. . .  Full story

China to cut W. African oil imports in November, S Korea imports surge

14/11 China will cut imports of West African oil to the lowest in seven months in November due to the higher cost of shipments, while South Korean imports from West Africa will reach to an. . .  Full story

Rosneft's CEO Sechin says VTB did not finance share sale

14/11 Russian state bank VTB did not finance the recent deal by Qatar to buy a stake in Rosneft and it is verifiable by looking at who has the oil giant's shares as collateral, Rosneft. . .  Full story

McLaren Automotive opens $65 mln English chassis facility

14/11 British sports-car maker McLaren Automotive opened a 50-million pound ($65 million) northern English factory on Wednesday where it will make carbon fibre chassis, moving production from Austria in a decision initiated before Brexit.. . .  Full story

Timeline and sanctions if EU starts disciplinary budget steps against Italy

14/11 Italy's budget dispute with Brussels is set to escalate in coming weeks, after Rome decided not to revise its free-spending plans despite European Union warnings that its budget is in breach of EU fiscal. . .  Full story

Britain's big Brexit vote: will parliament back May?

14/11 British Prime Minister Theresa May has agreed a draft exit agreement with the European Union, but has to persuade her divided cabinet and then a sceptical parliament to approve it.. . .  Full story

Euro zone slowdown not big enough to alter ECB policy - Knot

14/11 The weakness in euro zone economic growth is not significant enough for the European Central Bank to alter its policy path, even if the outlook remains uncertain, Dutch policymaker Klaas Knot said on Wednesday.. . .  Full story

India's steel giants to focus on product mix, quality to take on ArcelorMittal

14/11 India's two biggest private sector steel companies JSW Steel Ltd and Tata Steel Ltd are banking on their diversified product mix to take on steel giant ArcelorMittal SA as it gears up to enter the. . .  Full story

Britain's Smiths to spin off healthcare, focus on industrial technology

14/11 British engineer Smiths Group plans to spin off its healthcare business to focus on industrial technology, two months after a 7 billion pound ($9.1 billion) deal to merge it with U.S.-based ICU Medical collapsed.. . .  Full story

Russian EconMin says oil prices may dip lower in short term - Ifax

14/11 Prices for oil may dip even lower in the short term but the situation looks more stable in the medium and longer term, Economy Minister Maxim Oreshkin said on Wednesday, Interfax news agency reported.. . .  Full story

Front-quarter prices gain on drier weather view, lower water levels

14/11 Nordic front-quarter power prices rose on Wednesday, supported by drier weather forecasts and declining water levels, while the front-year prices are slightly down on easing carbon and coal rates.. . .  Full story

Britain's SSE to consolidate renewables business as profits dive

14/11 British energy supplier SSE Plc plans to create a new company that will include its renewable energy assets in the UK and Ireland in order to improve transparency and help it raise investment, it. . .  Full story

German regulator sees no reason to change 5G auction timetable

14/11 Germany's federal network regulator has no plans to change the timetable for the planned auction of 5G mobile spectrum, its President Jochen Homann told Reuters on Wednesday.. . .  Full story

Maersk warns trade war will hit container shipping

14/11 Top U.S. importers are stocking up on Chinese goods before new import tariffs take effect, shipping giant A.P. Moller-Maersk said on Wednesday, but warned a trade war would hit demand for container shipping in the. . .  Full story

-UK inflation holds steady in October, bucking expectations for a rise

14/11 British inflation unexpectedly held steady in October, according to data on Wednesday that raises the prospect that the rate could return to target faster than the Bank of England expects. Consumer. . .  Full story

Poland's justice minister demands evidence from bank owner after corruption accusation

14/11 Poland's Justice Minister Zbigniew Ziobro called billionaire Leszek Czarnecki to handover evidence after the owner of Getin Noble Bank accused the head of the country's financial sector regulator of corruption.. . .  Full story

Greek public sector workers strike for higher pay

14/11 Greece's largest public sector union staged a 24-hour walkout on Wednesday, demanding wage and pension increases from a government still bound to keeping expenditure in check by its lenders.. . .  Full story

Euro zone GDP growth rate confirmed at four-year low

14/11 The euro zone economy grew at its slowest pace in four years in the third quarter of 2018, while employment growth also eased during the period, data released on Wednesday showed.. . .  Full story

UK Brexit deal envisages July 2020 decision on Irish border - EU sources

14/11 The technical Brexit agreement reached between EU and British negotiators envisages the two sides deciding in July 2020 whether they will have a new deal in place to ensure an open Irish border after. . .  Full story

Britain's Lloyds agrees settlement with HBOS whistleblower

14/11 Lloyds Banking Group said on Wednesday it had settled with an ex-employee who accused former bosses of concealing a massive fraud at its HBOS Reading unit, prior to a record-breaking cash call needed to. . .  Full story

UK's Pearson sells FT building to M&G Real Estate for 115 mln stg

14/11 British education publisher Pearson is selling its property at One Southwark Bridge in London, the current home of the Financial Times newspaper, to M&G Real Estate for 115 million pounds ($149 million), it said on. . .  Full story

Dutch government confirms plans to cut Groningen gas production

14/11 The Dutch government on Wednesday confirmed plans to gradually scale back production at the Groningen gas field, beginning with a reduction to 19.4 billion cubic metres (bcm) in the current 2018-2019 year that began in. . .  Full story

German economy contracts on weak foreign trade, auto bottleneck

14/11 Germany's economy contracted for the first time since 2015 in the third quarter as global trade disputes and problems in the auto industry put the traditional growth engine of exports into reverse, raising concerns. . .  Full story

German industry association BDI cuts 2018 export forecast to 3 pct

14/11 Germany's BDI industry association cut its 2018 export growth forecast for Europe's largest economy to 3 percent from 3.5 percent on Wednesday, the second cut in as many months.. . .  Full story

Prudential sees profit boost from Asia, demerger holds on track

14/11 Prudential, Britain's largest insurer, said new business profit from its life insurance operations rose 17 percent in the first nine months of the year, driven by another robust performance in Asia.. . .  Full story

Daimler to open new R&D centre in China to accelerate localisation

14/11 German automaker Daimler AG said on Wednesday it plans to invest 1.1 billion yuan ($158.23 million) in a second research and development centre in Beijing to help accelerate localisation of Mercedes-Benz vehicle models in China.. . .  Full story

Dutch economic growth slows to weakest rate in two years

14/11 Economic growth in the Netherlands unexpectedly slowed to 0.2 percent on a quarterly basis in the third quarter, its weakest rate of expansion in more than two years, as a construction boom cooled and investment. . .  Full story

Alstom says Siemens rail deal on track for next year

14/11 France's Alstom voiced confidence it would finalise a merger with Siemens' railway business by the middle of next year despite an investigation by European authorities as it reported a big rise in first half profit.. . .  Full story

Bulgaria regulator to check fuel retailers amid anger over price hikes

14/11 Bulgaria's anti-monopoly regulator, under pressure from public anger over rising fuel prices, said on Wednesday it would launch checks at the main fuel retailers to see if they have complied with measures imposed last year. . .  Full story

Austria's Raiffeisen lowers risk costs, on track to reach 2018 targets

14/11 Austrian lender Raiffeisen Bank International (RBI) confirmed its full-year targets on Wednesday after posting a 29 percent jump in its quarterly profit thanks to significantly lower risk costs after the sale of its troublesome Polish. . .  Full story

British airline Flybe soars on talks with potential buyers

14/11 British regional airline Flybe Group Plc said on Wednesday it was in talks with potential buyers, as it grapples with higher fuel costs, lower demand and a weak British pound, sending its shares up. . .  Full story

Czech economy cools, hurt by capacity shortage and weaker foreign demand

14/11 The Czech economy expanded by a lower-than-expected 0.4 percent in the third quarter versus the previous three months, missing expectations due to capacity shortages and weakening foreign demand, data showed on Wednesday.. . .  Full story

Czechs join other EU states rejecting U.N. migration pact

14/11 The Czech Republic on Wednesday joined the growing ranks of European Union countries that reject a United Nations pact to regulate the treatment of migrants worldwide.. . .  Full story

British Land's NAV drops on weakness in retail sector

14/11 Real estate firm British Land Co reported a 2.9 percent drop in net asset value for the first half of the year on Wednesday, as retailers invest less in physical stores amid increased online. . .  Full story

French October inflation confirmed near multi-year highs

14/11 French consumer prices edged up by 0.1 percent in October from September, resulting in a 12-month rate of 2.5 percent, confirming an earlier estimate and just shy of the highest inflation level since March. . .  Full story

Danske Bank shareholders to elect new chairman Dec 7

14/11 Danske Bank shareholders, reeling from a money laundering scandal, will elect a new chairman and vice-chairman on Dec 7 after its largest shareholder ousted the lender's head of board this month.. . .  Full story

UK's Grainger to buy Grip REIT for $515 mln

14/11 UK's Grainger Plc said it would acquire Grip REIT plc for 396 million pounds ($514.6 million) to expand in the private-rented sector.. . .  Full story

Intu gives Whittaker-led consortium more time to make a bid

14/11 Intu Properties Plc said on Wednesday it had given a consortium led by Deputy Chairman John Whittaker until Nov. 22 to make a firm offer or walk away from a bid for the shopping. . .  Full story

Czech Republic to shun U.N. migration pact - report

14/11 The Czech Republic will not join a United Nations pact that aims to regulate the treatment of migrants worldwide, the CTK news agency said on Wednesday, quoting Czech Prime Minster Andrej Babis.. . .  Full story

Banks, commodity stocks weigh on Aussie shares, NZ falls

14/11 Banks and commodity stocks led declines in Australian shares on Wednesday against a backdrop of broader losses in global equities, pressured by concerns of slowing growth.. . .  Full story

Cathay Pacific execs grilled over data breach 'crisis'

14/11 Cathay Pacific Airways said on Wednesday it is working with 27 regulators in 15 jurisdictions to investigate a data breach that affected millions of passengers, as Hong Kong lawmakers grilled executives over how it handled. . .  Full story

Aussie shares fall as resource stocks plunge; NZ flat

14/11 Australian shares traded lower on Wednesday as resource-based stocks dropped after oil prices dived on worries of oversupply and slowing global demand.. . .  Full story

U.S. senators alarmed if China gets control of Djibouti port

14/11 Two prominent U.S. senators expressed alarm on Tuesday about the military and political consequences if China gains control of a port terminal in Djibouti, and said they were concerned it could further boost Beijing's influence. . .  Full story

Demand for new offices in London to progress even as Brexit weighs- survey

14/11 Demand for new office space in London will continue even with the imminent exit of UK from the European Union, a closely-watched industry survey showed on Tuesday, with technology, media and telecom companies taking. . .  Full story

MSCI adds more China stocks to global emerging markets index

14/11 MSCI Inc on Tuesday said it would add several onshore Chinese stocks to its closely watched and widely duplicated emerging-markets index.. . .  Full story

Sterling will rally sharply if there is a Brexit deal, says NEX Group's Spencer

13/11 Michael Spencer, chief executive of Britain's NEX Group, said on Tuesday he expected sterling to "rally quite sharply" if the Brexit deal was supported by parliament and cabinet.. . .  Full story

EXCLUSIVE-German officials sound China alarm as 5G auctions loom

13/11 Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from building the country's 5G infrastructure amid concerns this could compromise national security.. . .  Full story

Rocket fuel: Australia targets hydrogen as next big energy export

13/11 Australia, the world's biggest coal exporter and second-biggest liquefied natural gas (LNG) exporter, wants to build its next big energy industry around exploiting solar and wind power along with brown coal to produce hydrogen.. . .  Full story

Polish financial regulator quits as govt probes bribe allegations-PAP

13/11 The head of Poland's financial market regulator resigned on Tuesday, the state-run news agency said, hours after he was summoned by the prime minister over newspaper reports he had sought a multi-million dollar bribe from. . .  Full story

Chief executive of France's Covea resigns from board of Scor

13/11 Thierry Derez, chief executive of Covea, has resigned from the board of rival Scor, which rejected a takeover bid from the French cooperative insurer, the companies said on Tuesday.. . .  Full story

EDF 9-month sales up 7.2 percent as French nuclear output recovers

13/11 French state-owned utility EDF's revenue rose 7.2 percent in the first nine months of the year as nuclear and hydro output recovered and the firm was bullish about its earnings guidance.. . .  Full story

Telecoms group Iliad loses more subscribers in Q3

13/11 Telecoms group Iliad said third quarter revenues rose 1.7 percent, helped by its recent entry into Italy but it faced tougher competition in its domestic French market where the company had fewer mobile and fixed. . .  Full story

Danske money laundering scandal is 'tip of iceberg', whistleblower's lawyer says

13/11 Danske Bank's 200 billion euro ($225 billion) money laundering scandal might be the "tip of the iceberg" and investigators should examine whether major Western banks played a role, a lawyer for the whistleblower said.. . .  Full story

Stronger pounds weighs on FTSE, offsetting Vodafone uplift

13/11 The UK's top share index finished broadly flat on Tuesday after sterling strength on Brexit deal hopes weighed on exporters, offsetting gains for Vodafone, Experian and Melrose Industries.. . .  Full story

Italy budget deadline nerves keep 10-yr yield gap over Germany above 300 bps

13/11 Italy's 10-year bond yield touched its highest in over two weeks on Tuesday, and the gap over safer German bonds held above the key 300 basis-point mark ahead of a deadline for Rome to. . .  Full story

Copper advances on U.S.-China trade optimism

13/11 Copper prices rose on Tuesday as worries about growth in top consumer China receded after a report that the country's chief trade negotiator could visit the United States before a meeting between the two. . .  Full story

Brexit, trade progress drive European stocks up after tech rout

13/11 European shares recovered on Tuesday as hopes for an easing of the Sino-U.S. trade war and an imminent Brexit deal chased away the previous session's fears of a peak in tech stocks.. . .  Full story

New EU energy targets put bloc on course to overshoot climate goals

13/11 New energy saving and renewables targets adopted by the European Union on Tuesday put the bloc on course to overshoot its climate goals, the EU executive said, as it cut its projections of energy. . .  Full story

WeWork gets $3 bln in new funding from SoftBank

13/11 U.S. shared office space provider WeWork Cos has secured an additional $3 billion in funding from Japan's SoftBank Group Corp, according to an investor presentation seen by Reuters.. . .  Full story

New Vodafone boss to cut costs, make more of masts

13/11 Vodafone's new chief executive said he would cut costs and seek to maximise the value of its masts and towers to drive higher returns at the world's second largest mobile operator after taking charge. . .  Full story

Sainsbury's-Asda deal 'extremely detrimental' to consumers, says supplier

13/11 Sainsbury's proposed takeover of Asda would be "extremely detrimental" to consumers, an unidentified major supplier to the supermarket groups has argued in a submission to Britain's competition regulator.. . .  Full story

RSA cuts some London-based global business in profit pursuit

13/11 RSA plans to pull out of several international business lines run out of London which it says are unlikely to produce the returns which the British insurer is seeking following a September profit warning.. . .  Full story

GoldCore seeks to capitalise on Brexit with Dublin gold vault

13/11 Gold broker and storage company GoldCore said on Tuesday it had opened a gold vault in Dublin, aiming to attract investors looking for an alternative to London after Brexit.. . .  Full story

Strike cuts French electricity output by 5.5 GW -RTE

13/11 A nationwide strike reduced French electricity production by 5.5 gigawatts (GW), mostly at state-controlled utility EDF's nuclear, coal and hydro power plants, power grid operator RTE said on Tuesday.. . .  Full story

Interserve sees 'significant' rise in 2018 operating profit

13/11 Shares of Britain's Interserve Plc clawed back most of their losses from earlier on Tuesday, after the construction and services company said it still expected a significant rise in operating profit in 2018, in line. . .  Full story

Franklin Templeton taps into Israel's $67 bln retail market

13/11 Franklin Templeton Investments entered the $67 billion Israeli retail market on Tuesday after the government allowed foreign firms to offer offshore products directly to investors.. . .  Full story

Nestle's Purina PetCare mulls French plant sale, job cuts

13/11 Nestle's Purina PetCare division could cut around 200 jobs in France through voluntary departures and it is also exploring options for its Quimperle plant in Brittany, including a sale, said a Nestle France spokesman.. . .  Full story

Polish financial regulator chief Chrzanowski resigns -- report

13/11 Poland's financial sector regulator (KNF) chief Marek Chrzanowski said he will step down, the state-owned PAP news agency reported.. . .  Full story

Spain to propose ban on sale of petrol, diesel cars from 2040

13/11 Spain plans to propose a ban on sales of petrol, diesel and hybrid cars from 2040, government sources said on Tuesday, joining a string of countries taking aim at polluting vehicles to help cut. . .  Full story

UK pay growth fastest since 2008 as firms face staff shortages

13/11 Average pay in Britain is rising at the fastest rate in nearly a decade, amid a record fall in the number of eastern European workers ahead of Brexit and business complaints about a shortage. . .  Full story