Reuters UK Business

Airbus, Thales, Leonardo CEOs to discuss satellite merger with EU antitrust chief

8 Apr 2025

By Foo Yun Chee BRUSSELS (Reuters) -European aerospace companies Airbus, Thales and Leonardo, which are in talks over a possible merger of their satellite businesses, will meet EU antitrust chief Teresa Ribera on Wednesday, according to a European Commission agenda. The three companies’ tentative plans to set up a joint space company come as they …

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Fall in oil prices poses risk to Russian economy, TASS cites central bank chief

8 Apr 2025

MOSCOW (Reuters) -A sharp drop in global oil prices triggered by U.S. President Donald Trump’s tariffs poses a risk to the Russian economy, the state TASS news agency cited Elvira Nabiullina, the governor of Russia’s central bank, as saying on Tuesday. She was quoted as saying that the central bank was analysing the fallout, but …

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UK’s Gooch & Housego seeks new raw material sources, warns about price hikes amid US tariffs

8 Apr 2025

(Reuters) -Britain’s Gooch & Housego on Tuesday said it was looking for alternative raw material sources due to retaliatory measures from some nations to U.S. tariffs, and any cost increases due to these changes would result in price hikes. G&H, which makes optical components and laser systems for industrial, scientific, and medical applications, said it …

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UK’s Howden Joinery names Jackie Callaway as new finance chief

8 Apr 2025

(Reuters) – UK-based kitchen and joinery supplier Howden Joinery said on Tuesday that Jackie Callaway will succeed Paul Hayes as the company’s new chief financial officer. Callaway, currently serving as the CFO of British thread manufacturer Coats Group, is also set to join Howden as its board director on June 2. Hayes, who took on …

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UK’s Impax Asset Management forecasts dour annual profit on trade war impact

8 Apr 2025

(Reuters) – British investment manager Impax Asset Management on Tuesday forecast its full-year profit below market expectations, hurt by a 26% fall in its managed assets as of March-end and the impact of an escalating trade war on global markets. “Market conditions in the second half of FY25 remain highly uncertain,” said Impax CEO Ian …

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UK’s financial watchdog probes BDO audit of Home REIT for 2021

8 Apr 2025

(Reuters) – Britain’s financial watchdog said on Tuesday it was investigating BDO LLP’s audit of Home REIT’s statements for the financial year that ended in August 2021. Home REIT specializes in providing sheltered housing for homeless people throughout the United Kingdom. The company and accounting firm BDO did not immediately respond to a request for …

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Aerospace firms scour contracts over tariffs after supplier challenge

8 Apr 2025

By Tim Hepher, Joanna Plucinska and Allison Lampert (Reuters) -Planemakers, airlines and suppliers are combing through billions of dollars worth of contracts to check their exposure to tariffs after a major U.S. supplier sparked debate over who should pay for an emerging trade war, industry sources said on Monday. Reuters reported on Friday that U.S. …

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Novo Nordisk to invest $1.09 billion to boost Ozempic, Wegovy production in Brazil

8 Apr 2025

SAO PAULO (Reuters) – Novo Nordisk, the producer of Ozempic, Wegovy and other medications, will invest 6.4 billion reais ($1.09 billion) in Brazil to boost production, it said on Monday.  The investment aims to increase manufacturing capacity at Novo Nordisk’s facility in Minas Gerais state for injectable drugs for the treatment of obesity, diabetes and …

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