Reuters UK Business Archives - Page 1047 of 3179

Signify names interim CEO, expects to pick permanent one in May

25 Apr 2025 25 Apr 2025

By Leo Marchandon (Reuters) -Dutch lighting maker Signify said on Friday that its Chief Financial Officer Zeljko Kosanovic would become interim CEO while the board finished evaluating candidates to replace Eric Rondolat, who has stepped down as announced in January. The supervisory board expects to conclude the process of choosing the successor next month, the …

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Poland likely to apply for EU leeway on defence spending, but worried others won’t

25 Apr 2025 25 Apr 2025

By Jan Strupczewski and Karin Strohecker WASHINGTON (Reuters) -Poland is likely to ask the European Commission next week for an exemption from European Union borrowing limits to keep up large defence spending in coming years without breaking EU rules, but is worried that others won’t do so, Polish Finance Minister Andrzej Domanski said on Thursday. …

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Morning Bid: Focus on earnings while US and China quibble

25 Apr 2025 25 Apr 2025

A look at the day ahead in European and global markets from Rocky Swift As U.S. President Donald Trump’s trade war with China devolves into a “he said, Xi said” back-and-forth over whether the countries are actually talking, the markets for now are shifting their attention to some upbeat corporate results. Futures trade pointed to …

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UK’s Unite union says TotalEnergies workers balloting on strike action

25 Apr 2025 25 Apr 2025

(Reuters) -UK’s Unite union on Friday said that offshore workers employed by TotalEnergies are balloting for possible strike action. “Around 50 Unite members based on the Elgin Franklin and North Alwyn platforms are involved in an escalating dispute after the overwhelming rejection of an unacceptable pay offer,” the union added. According to the union, the …

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EU to probe Universal’s $775 million acquisition of Downtown Music, FT reports

25 Apr 2025 25 Apr 2025

(Reuters) -The European Commission is set to investigate Universal Music Group’s planned $775 million acquisition of independent music services company Downtown Music amid claims that the deal will give too much power to the industry’s largest player, the Financial Times reported on Thursday. Brussels will announce the probe into the deal on Friday, the newspaper …

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UK’s vehicle output rose in March, but not enough to prevent quarterly decline

25 Apr 2025 25 Apr 2025

(Reuters) -Britain made more vehicles in March as demand increased for British-built cars overseas and for commercial vehicles at home, but it was not enough to prevent a quarterly decline in output, industry data showed on Friday. A total of 79,018 cars, vans, trucks, taxis, buses and coaches were manufactured in the last month, up …

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Rising bills and trade war push UK consumer mood to 17-month low

25 Apr 2025 25 Apr 2025

By Andy Bruce (Reuters) -British consumer confidence slid this month to its lowest level since November 2023 as people became much gloomier about the outlook for the economy, with rising bills and the U.S. trade war weighing on sentiment, a survey showed on Friday. The GfK Consumer Confidence Index fell to -23 in April from …

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Policymakers are achieving the art of the impossible, IMF chief says

25 Apr 2025 25 Apr 2025

By Maria Martinez WASHINGTON (Reuters) -Praising what she described as “impossible” policy shifts in Germany, Britain and Argentina, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday the global economy is entering a “new era.” “What I have seen this week is really a whole collection of the impossible becoming possible,” she told a …

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UK’s Reeves, ahead of US trade talks, nods to Trump’s global economy worries

25 Apr 2025 25 Apr 2025

By William Schomberg WASHINGTON (Reuters) -British finance minister Rachel Reeves said on Thursday she shared some of U.S. President Donald Trump’s concerns about imbalances in the world economy, a day before she was due to discuss a trade deal with her U.S. counterpart. Reeves, speaking at the International Monetary Fund, said trade tariffs – launched …

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Britain gives websites hosting pornography until July to enforce age restrictions

24 Apr 2025 25 Apr 2025

By Paul Sandle LONDON (Reuters) -Britain’s communications regulator said on Thursday that online platforms hosting pornographic and other content considered harmful must enforce “highly effective” age restrictions by July 25 to prevent children accessing the material. The deadline was set in Ofcom’s children’s safety codes, meant to protect UK users under 18 from content on …

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