Reuters UK Business

Trump agenda drives record outflows from global sustainable funds, Morningstar says

24 Apr 2025

By Ross Kerber (Reuters) -Investors withdrew a record $8.6 billion from global sustainable funds in the first quarter, researcher Morningstar said on Thursday, attributing the outflows largely to the shift against climate and social initiatives by U.S. President Donald Trump. The biggest driver of the outflows came in Europe, which still accounts for most of …

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UK competition regulator approves Topps Tiles’ purchase of CTD Tiles

24 Apr 2025

-Britain’s competition regulator on Thursday approved tile retailer Topps Tiles’ 9-million-pound ($12 million) acquisition of CTD Tiles after it accepted remedies proposed by the companies. Last month, the Competition and Markets Authority (CMA) said the tile retailer had offered to divest four stores where it had raised competition concerns, and indicated it may green-light the …

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P&G looks to raise prices as tariffs hit costs and force forecast cuts

24 Apr 2025

By Jessica DiNapoli and Juveria Tabassum (Reuters) – Pampers maker Procter & Gamble said on Thursday it would raise prices on some products to cover the impact on input costs from the trade war and lowered its annual forecasts, as consumers cut back spending due to economic uncertainty. U.S. President Donald Trump’s sweeping tariffs have …

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Ireland to give 141 million euros to World Bank fund for poorest countries

24 Apr 2025

By Karin Strohecker WASHINGTON (Reuters) -Ireland will contribute about 141.4 million euros ($161 million)to the World Bank’s latest replenishment of its fund for the poorest countries, a 33.5% increase over the country’s previous contribution, Finance Minister Paschal Donohoe said on Thursday. The money will go to the International Development Association, which provides a lifeline for …

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Collaborate on energy security or be vulnerable, Britain tells global meeting

24 Apr 2025

By Susanna Twidale LONDON (Reuters) -Britain urged closer international cooperation to improve energy security on Thursday, telling dozens of other governments and business leaders that they would otherwise be vulnerable to those who were willing to weaponise supplies. Security of energy supply shot up the agenda of countries around the world after Russia’s full-scale invasion …

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Stellantis validates Factorial Energy solid-state battery cells

24 Apr 2025

(Reuters) – Carmaker Stellantis announced on Thursday the successful validation of U.S. startup Factorial Energy’s automotive-sized solid-state battery cells with FEST (Factorial Electrolyte System Technology). Stellantis invested 75 million euros ($85.34 million) in Factorial Energy in 2021, and will introduce the company’s solid-state batteries into a demonstration fleet by 2026 as announced last year. Unlike …

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Electricity demand growth is resilient to tariffs, Engie CEO says

24 Apr 2025

PARIS (Reuters) -Developments in electrification and data centres for artificial intelligence should be ‘particularly resilient’ to the trade war started by the United States with the implementation of tariffs, French utility Engie’s CEO Catherine MacGregor said on Thursday. Uncertainty around tariffs imposed by U.S. President Donald Trump has hit stock markets hard over the last …

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FTSE 100 steadies as investors weigh corporate earnings and US trade policy

24 Apr 2025

(Reuters) -Britain’s FTSE 100 held steady on Thursday, taking a breather from its recent rally as investors processed a wave of corporate earnings while assessing the implications of shifting U.S. trade policies. The blue-chip FTSE 100 ended flat and the midcap index <FTSE 250> edged 0.1% higher Heavy-weight banks dropped 1.6%. On the flip side, …

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BNP CEO strikes upbeat tone on European outlook despite mixed results

24 Apr 2025

By Mathieu Rosemain PARIS – BNP Paribas’s CEO said on Thursday the French lender was preparing to capitalise on opportunities thrown up by a trade war-induced economic slowdown, striking an upbeat tone even as a mixed set of first-quarter results knocked its shares. BNP is the first of the big European banks to report recent …

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Derivatives exchange CME set to launch XRP futures in crypto push

24 Apr 2025

By Niket Nishant (Reuters) -CME Group will launch futures contracts tied to the XRP cryptocurrency next month, the derivatives exchange said on Thursday, aiming to tap into the growing interest in tokens other than bitcoin and ether. The cash-settled futures are set to launch on May 19, pending regulators’ approval. Futures contracts let traders bet …

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