Reuters UK Business

(Reuters) -The Qatar Investment Authority said on Thursday it had no intention to buy Kering’s prestigious building on via Montenapoleone in Milan, after Italian newspaper Corriere della Sera said the investor was eyeing a stake in the property. Kering declined to comment. The luxury goods company has said it is looking for investors to refinance …

Qatar’s QIA denies reported interest in Kering building in Milan Read More »

By Yousef Saba DUBAI (Reuters) – United Arab Emirates’ renewable energy company Masdar said on Thursday it had fully acquired Greece’s Terna Energy, after buying a majority stake last year, a further step in its international expansion strategy. Masdar, seeking to capitalise on opportunities in a sector hit by high interest rates and rising debt …

UAE renewable energy firm Masdar completes purchase of Greece’s Terna Energy Read More »

By David Milliken LONDON (Reuters) – Britain’s statistics office said on Thursday it aimed to complete a revamp of its troubled flagship labour force data by November 2026 though the process could still take until 2027 if further problems emerge. The Bank of England and other economists have criticised the quality of the Office for …

UK statistics office aims to fix labour data by late 2026 Read More »

By Sybille de La Hamaide PARIS (Reuters) -The head of the French wine and spirits lobby group FEVS said on Thursday that U.S. President Donald Trump’s decision to pause most tariffs was “half good news” for the sector. Nicolas Ozanam told Reuters the move will initially enable French wine and spirits companies to resume shipments …

France’s FEVS wine and spirits lobby says U.S. tariffs pause is “half good news” Read More »

By James Davey LONDON (Reuters) -Tesco, Britain’s biggest food retailer, warned on Thursday its profit would likely fall this year as it set aside cash to deal with a step up in the “competitive intensity” of the market, sending its shares down over 6%. Last month, Asda, Britain’s third largest grocer, said it would take …

UK’s Tesco warns profit to fall as it prepares for price war Read More »

LONDON (Reuters) – HSBC has appointed Richard Blackburn as group chief risk and compliance officer, the bank said on Thursday, confirming him in a role he has held on an interim basis since January. Blackburn, who has been with HSBC for over 20 years, will also serve on the Group Operating Committee which is the …

HSBC appoints Richard Blackburn as chief risk and compliance officer Read More »

BERLIN (Reuters) -BMW’s first-quarter sales were dragged down by a 17.2% drop in China, where foreign premium carmakers have struggled to boost sales amid high competition from cheaper local rivals and a protracted property crisis dampening consumer confidence. Porsche, Mercedes-Benz and the Volkswagen Group also reported a slump in their China sales, with Donald Trump’s …

BMW quarterly sales dragged down by China slump Read More »

LONDON (Reuters) -Nikhil Rathi will stay in his role as chief executive of Britain’s Financial Conduct Authority (FCA) for a second five-year term, the government announced on Thursday. The decision extends Rathi’s tenure at a critical time, with UK watchdogs under intense political pressure to pursue pro-growth reforms and against a backdrop of deepening market …

FCA’s Rathi to stay on as CEO for second term Read More »