Reuters UK Business Archives - Page 1006 of 3179

Bunge’s $34 billion Viterra merger stalled by US-China trade rift, Bloomberg reports

2 May 2025 2 May 2025

(Reuters) -Bunge Global’s $34 billion merger with Glencore-backed Viterra is being stalled by trade tensions between the United States and China, Bloomberg News reported on Friday, citing people familiar with the matter. “We are in the final stage of regulatory approval. We express our continued gratitude for the constructive dialogue with Chinese government officials throughout …

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Britain’s Co-op says hackers have extracted customer data

2 May 2025 2 May 2025

LONDON (Reuters) -Britain’s Co-op Group said hackers had accessed and extracted customer data from one of its systems as it continued to experience a sustained cyberattack, it said on Friday. The Co-op, which is owned by its members and trades from over 2,300 food stores across the UK and also has funeral care, legal and …

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Portugal’s power exchanges with Spain remain suspended amid blackout probe

2 May 2025 2 May 2025

LISBON (Reuters) -Portugal is supplying electricity to clients from its own sources as power exchanges with Spain remain suspended amid an inquiry into the causes of a blackout earlier this week, the energy minister said on Friday. Spain suffered a catastrophic outage in its electricity grid on Monday, which also provoked an outage across Portugal …

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Europeans continue to shun Tesla as April sales plunge

2 May 2025 2 May 2025

By Alessandro Parodi (Reuters) -Tesla’s sales plunged across Europe in April, including an 81% drop in Sweden to their lowest level in 2-1/2 years, data showed on Friday, as Europeans buy more Chinese EVs and some protest against CEO Elon Musk’s political views. The automaker’s sales have dropped for four straight months across much of …

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LVMH’s revival plan for Moet Hennessy pins hopes on big name brands

2 May 2025 2 May 2025

By Mimosa Spencer and Dominique Patton PARIS (Reuters) -LVMH will focus on its biggest, best known alcohol brands and rein in international ambitions for smaller labels to revive Moet Hennessy, the division’s CEO Jean-Jacques Guiony told employees this week in a video reviewed by Reuters. Plans are afoot to shrink the workforce by nearly 13% …

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ECB’s de Guindos optimistic about continued rate cuts in Presse interview

2 May 2025 2 May 2025

BERLIN (Reuters) -There is reason to be optimistic about the European Central Bank’s current phase of rate cuts continuing, Vice President Luis de Guindos said in an interview to be published in the Saturday edition of Austria’s Die Presse newspaper. The ECB cut interest rates for the seventh time in a year last month and …

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Unilever to invest $1.5 billion in Mexico, including new factory

2 May 2025 2 May 2025

By Ana Isabel Martinez MEXICO CITY (Reuters) -Consumer goods company Unilever said on Friday that it will invest $30 billion pesos ($1.5 billion) in Mexico between 2025 and 2028 to increase its production capacity. The investment, which was announced at Mexican President Claudia Sheinbaum’s daily morning press conference, will generate 1,200 new jobs, according to …

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UK’s FTSE 100 marks record daily winning streak

2 May 2025 2 May 2025

(Reuters) – Britain’s blue-chip index notched its 15th consecutive session of gains – its longest winning streak on record – as investors took heart from signs of easing global trade tensions. The FTSE 100 rose 1.2%, also climbing above levels last seen before U.S. President Donald Trump’s tariff announcement that rattled global markets in early …

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European shares rise as markets cheer signs of easing Sino-US tensions, US jobs data

2 May 2025 2 May 2025

By Shashwat Chauhan and Sukriti Gupta (Reuters) -European shares surged on Friday, capping off a week filled with earnings across the continent, as signs of a potential de-escalation of trade tensions between the U.S. and China and a stable jobs report in the United States aided risk-taking. The pan-European STOXX 600 index closed 1.7% higher, …

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Italy new car sales rise for second straight month in April

2 May 2025 2 May 2025

MILAN (Reuters) -Sales of new cars in Italy rose by 2.71% in April compared to the same month of the previous year, the second straight increase after seven consecutive months of year-on-year declines, transport ministry data showed on Friday. Total sales in April stood at 139,084 vehicles. Market leader Stellantis, whose brands include Fiat, Jeep, …

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