LONDON, May 31 Reuters The British government has sold 1.24 billion pounds 1.58 billion worth of shares in NatWest Group back to the lender, it said on Friday, decreasing its stake to around 22.5 from nearly 26 as it looks to end its ownership of the bank. The transaction also comes as Britain39;s Treasury department confirmed […]

May 31 Reuters Britain39;s competition regulator said on Friday it had started a probe into Nationwide Building Society39;s proposed 2.9 billion pound 3.69 billion allcash deal to buy Virgin Money UK. The deal, which was announced in March, could create the country39;s secondlargest savings and mortgage provider. The Competition and Markets Authority CMA said it was considering […]

ROME, May 31 Reuters Technology investments by larger Italian banks lag behind those of their European peers, the central bank said on Friday, urging lenders to step up spending to support innovation in their offer of financial services. Italian banks have increased their investments in innovative technology fourfold since 2017, but they remain limited, Bank […]

LAGOS, May 30 Reuters ExxonMobil is not renewing a 33yearold lease on its expansive offices in Lagos39;s upscale Lekki district which expires on Friday, three sources inside the company told Reuters, as it looks to scale down operations in Nigeria. Exxon, Shell, TotalEnergies and Eni have all sought to leave Nigeria39;s oilrich Niger delta in recent years, citing […]

DETROIT, May 30 Reuters Ford CEO Jim Farley wants the industry to stop viewing hybrid vehicles as only an interim solution to be used until drivers are comfortable going fully electric. We should stop talking about it as transitional technology, Farley said of hybrids at a Bernstein analyst conference on Thursday. Plugin hybrids, which include […]