Reuters UK Business Archives - Page 1084 of 3179

Fast-charging battery firm Nyobolt raises $30 million for expansion

16 Apr 2025 16 Apr 2025

By Nick Carey LONDON (Reuters) – UK fast-charging battery technology company Nyobolt has raised $30 million to expand its business in autonomous warehouse robots and heavy duty vehicles and move into new markets including mainstream electric vehicles, it said on Wednesday. The latest fundraising was led by venture capital firms IQ Capital and Latitude and …

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France’s Believe says majority owner to file buyout offer

16 Apr 2025 16 Apr 2025

(Reuters) – French digital music company Believe on Wednesday said its majority shareholder Upbeat BidCo would file a buyout offer for all remaining shares in the firm to take it private, four years after its initial public offering. Founded in 2005 by former Vivendi executive Denis Ladegaillerie, Believe’s initial goal was to open up the …

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Morning Bid: Markets wobble over US-China wrangling

16 Apr 2025 16 Apr 2025

A look at the day ahead in European and global markets from Stella Qiu It’s been a sea of red in Asia so far on Wednesday, with new U.S. moves turning up the heat in the trade war with China, but at least the losses have been relatively shallow compared with other down days of …

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Rio Tinto posts lowest Q1 iron ore shipments since 2019, tempers forecast

16 Apr 2025 16 Apr 2025

By Roushni Nair and Melanie Burton (Reuters) – Rio Tinto on Wednesday reported its lowest first-quarter iron ore shipments since 2019 and warned that more weather disruptions could lead to a 2025 forecast miss, after cyclones impacted the miner’s Pilbara operations. The company now expects Pilbara iron ore shipments for 2025 to hit the lower …

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Exclusive-US tariffs may cost chip equipment makers more than $1 billion, industry estimates

15 Apr 2025 15 Apr 2025

By Max A. Cherney TORONTO (Reuters) – U.S. President Donald Trump’s new tariffs could cost U.S. semiconductor equipment makers more than $1 billion a year, according to industry calculations discussed with officials and lawmakers in Washington last week, two sources familiar with the matter said. Each of the three largest U.S. chip equipment makers – …

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Spanish minister optimistic on ‘fair’ US-EU trade deal after meeting Bessent

15 Apr 2025 15 Apr 2025

MADRID (Reuters) – Spanish Economy Minister Carlos Cuerpo said on Tuesday he was convinced the United States and European Union would negotiate a fair trade deal after meeting with U.S. Treasury Secretary Scott Bessent in Washington. Cuerpo said his counterpart sent a “clear message” that confirmed the “open door to negotiation that was already opened …

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Dollar gains on euro, yen, but tariffs keep investors cautious

15 Apr 2025 15 Apr 2025

By Karen Brettell NEW YORK (Reuters) -The dollar rose against the euro and yen on Tuesday, showing tentative signs of recovery following a sharp selloff that saw the dollar index tumble more than 3% last week. Investors nonetheless remain cautious on concerns about the impact of U.S. President Donald Trump’s trade tariffs on the U.S. …

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Google’s spam policy hit by EU antitrust complaint from German media company

15 Apr 2025 15 Apr 2025

By Foo Yun Chee BRUSSELS (Reuters) -A German media company has complained to EU antitrust regulators following Alphabet unit Google’s crackdown against companies gaming its search algorithm to push up rankings for other sites. In its complaint to the European Commission, Hamburg-based ActMeraki, until recently called Meraki Group GmbH, urged immediate action against the policy, …

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UK’s Playtech to name ex-DAZN executive Gleasure as chair, Sky News says

15 Apr 2025 15 Apr 2025

(Reuters) – British gambling technology firm Playtech is set to name former DAZN executive John Gleasure as its next chairman, Sky News reported on Tuesday. Gleasure, who will succeed Brian Mattingley, is executive chairman of U.S.-based The Sporting News and a co-founder of digital sports media group Perform. Playtech declined to comment on the report. …

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Banco BPM, Anima, will back Monte dei Paschi’s share issue for Mediobanca bid

15 Apr 2025 15 Apr 2025

By Andrea Mandala MILAN (Reuters) – Two shareholders in Italy’s Monte dei Paschi di Siena (MPS), with a combined stake of 9%, will back a share issue proposed by the bank to fund its hostile bid for rival Mediobanca. Banco BPM, which holds a 5% stake in MPS, said it would vote in favour of …

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