Reuters UK Business

Australia’s QBE Insurance hits 7-month low on slowing premium growth rate

By Nikita Maria Jino and Roshan Thomas (Reuters) -QBE Insurance Group’s shares sank to a seven-month low on Thursday, after Australia’s largest insurer by market value signalled a softer premium rate growth in the third quarter. The group premium rate – the average change in insurance premium rates across its global portfolio – rose about …

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Flutter says UK gambling duties to hit EBITDA by $320 million in 2026

(Reuters) -FanDuel-owner Flutter Entertainment said on Wednesday the UK government’s plans to raise online gaming taxes will hit its adjusted EBITDA by about $320 million in fiscal 2026 and $540 million in 2027 before it can mitigate the impact. British finance minister Rachel Reeves earlier today said the tax rate on online gaming will rise …

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IMF, Ukraine reach staff-level agreement on $8.2 billion, four-year program

By Rodrigo Campos and Nilutpal Timsina (Reuters) -The International Monetary Fund said on Wednesday it reached a staff-level agreement on a new four-year, $8.2 billion program for Ukraine as the country faces mounting wartime fiscal pressures. The IMF said the agreement, which replaces the existing $15.6 billion Extended Fund Facility approved in March 2023, is …

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US Medicare price cuts manageable for most drugmakers, analysts say

By Bhanvi Satija, Maggie Fick and Patrick Wingrove LONDON (Reuters) -U.S. Medicare price cuts of up to 85% will have a lesser impact on drugmakers than initially feared, with most of the hit already reflected in forecasts, Wall Street analysts said. Shares of Danish drugmaker Novo Nordisk and Israel-based Teva Pharmaceuticals rose 5% and 3% …

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Berlusconis’ MFE agrees to buy 33% stake in Portuguese media company Impresa

By Elvira Pollina MILAN (Reuters) -MFE–MediaForEurope, the TV group controlled by Italy’s Berlusconi family, said on Wednesday it had agreed to buy 32.9% of Portuguese media company Impresa from the Balsemao family for 17.3 million euros ($20 million). The move is part of MFE’s strategy to expand its operations in Europe in an effort to …

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UK nudges up gilt issuance to second-highest on record

By David Milliken LONDON (Reuters) -Britain’s Debt Management Office nudged up its gilt issuance plans for this financial year to the second-highest on record, but the smaller-than-expected increase and the cancellation of some long-dated gilt auctions helped lower yields. The DMO revised up 2025/26 gilt issuance by 4.6 billion pounds ($6.1 billion) to 303.7 billion …

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UK faces emerging gas supply risks as demand falls slowly, energy operator warns

LONDON (Reuters) -Britain’s energy operator said on Wednesday that gas will remain critical for energy security into the next decade and warned of potential shortfalls on the coldest days. The National Energy System Operator said in its first gas security of supply assessment after being established last year that overall gas demand will decline as …

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UK gambling stocks rebound after mixed outcome on tax rises

By Pushkala Aripaka and Yamini Kalia (Reuters) -Shares in some British betting and gaming firms rebounded late on Wednesday after initial fears over increased gambling duties eased, though top firms are facing hundreds of millions of pounds in extra taxes. Finance minister Rachel Reeves’ latest annual budget was focused on higher taxes for online gaming …

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