United Kingdom

Dasha Afanasieva

Breakingviews - Sanctions victims compare scars in St Petersburg

07 Jun 2019

ST PETERSBURG (Reuters Breakingviews) - St Petersburg this week became a haven for the victims of U.S. sanctions. Shunned by Western leaders and executives, Russian President Vladimir Putin recast his annual economic conference in the Russian city as a forum for the expanding club of countries and companies in Washington’s bad books.

Breakingviews - Unilever could use a few Nestlé diet tips

18 Apr 2019

LONDON (Reuters Breakingviews) - Unilever’s foods business is going slightly stale. Like its Swiss rival Nestlé, the Anglo-Dutch giant beat sales growth forecasts in the first quarter by growing its top line 3.1 percent on a like-for-like basis, according to Thursday’s report. New Chief Executive Alan Jope is sticking with his targets for the year and, like Nestlé, to a 20 percent operating margin goal by 2020. Beauty and homecare are doing fine, but Unilever’s foods and refreshment segment is looking less fresh.

Breakingviews - IPOs will remain endangered species in Europe

16 Apr 2019

LONDON (Reuters Breakingviews) - Bankers hunting Europe equity raisings have had a fallow start to the year. They should get used to it.

Breakingviews - Turkey elections pave way for bad economic choices

01 Apr 2019

LONDON (Reuters Breakingviews) - Setbacks that Turkish President Tayyip Erdogan’s ruling AK Party suffered in Sunday’s local elections will prod him into making the wrong economic policy choices. He is all the more likely now to opt for short-term fixes rather than the more profound changes that investors want but which would take time to combat recession.

Breakingviews - LVMH-Pernod bid talk makes for watery cocktail

04 Mar 2019

MILAN/LONDON (Reuters Breakingviews) - Ever since uppity investor Elliott Advisors turned up at Pernod Ricard late last year, Paris has been awash with talk that LVMH is lurking somewhere behind the gilded curtains, waiting to pounce on the $46 billion spirits group. The rumours reached a fever pitch in February when an equity research firm published a report detailing the potential financial benefits that might accrue from such a deal.

Breakingviews - BP beats Rosneft in valuation, not operations

05 Feb 2019

LONDON (Reuters Breakingviews) - Bob Dudley and Igor Sechin both have something the other lacks. The BP chief executive, whose $138 billion oil producer owns 20 percent of Sechin’s $67 billion Rosneft, may look covetously at the Russian group’s fat margins. Sechin, meanwhile, will look ruefully at Dudley’s much perkier valuation.

Breakingviews - Oleg Deripaska’s En+ deal is more sour than sweet

23 Jan 2019

LONDON (Reuters Breakingviews) - Oleg Deripaska has become a political football. A pre-Christmas deal with the U.S. Treasury to lift sanctions on the Russian oligarch’s power group En+ has riled Democrats worried about the Kremlin’s influence in domestic politics. While the deal contains multiple grey areas, the overall upshot looks sufficiently black and white.

Europe is biggest drag in slump in 2018 equity raising

21 Dec 2018

LONDON European equity raising slowed sharply in 2018, making it the biggest drag on falling global activity, Refinitiv data showed on Friday, as political uncertainty and growth concerns made it harder to persuade investors to buy stock.

Macquarie nearing sale of Poland's Gdansk port terminal to SWF-led group: sources

20 Dec 2018

LONDON/WARSAW A consortium of investors including the Poland's sovereign wealth fund PFR is close to buying the country's DCT Gdansk port terminal, owned by the infrastructure fund of Australia's Macquarie, three sources familiar with the matter said.

UPDATE 1-Investing platform AJ Bell's shares jump 9 pct in London debut

07 Dec 2018

LONDON, Dec 7 Britain's AJ Bell bucked a trend of lacklustre European initial public offerings (IPOs), as the investment platform provider's shares jumped more than 9 percent in their market debut on the London Stock Exchange on Friday.

World News

'Sea of black' Hong Kong protesters demand leader step down

Hundreds of thousands of people clogged the streets in central Hong Kong on Sunday dressed in black to demand the city's leader step down, a day after she suspended an extradition bill in a dramatic retreat following the most violent protests in decades.