Reuters UK Business Archives - Page 1266 of 3179

Air France-KLM ready to meet Portuguese government’s conditions for TAP privatisation

11 Mar 2025 11 Mar 2025

(This March 6 story has been corrected to say that the Air France-KLM was never invited to be part of a Lufthansa and United Airlines joint venture in paragraph 6) By Alban Kacher and Anna Peverieri (Reuters) – Air France-KLM has had positive discussions with the Portuguese government about its possible participation in a privatisation …

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Lego sales rise as bricks click with more shoppers

11 Mar 2025 11 Mar 2025

By Helen Reid LONDON (Reuters) – Lego reported strong sales growth for 2024 as more shoppers snapped up its colourful plastic brick construction sets and the toymaker said it was taking market share from rivals. Lego has broadened its product range to reach new customers, and CEO Niels Christiansen said the Lego Botanicals sets – …

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Sterling regains footing against weak dollar, tumbles versus euro

11 Mar 2025 11 Mar 2025

By Yadarisa Shabong (Reuters) – Sterling rose against the dollar on Tuesday as fears of a U.S. recession drove traders away from the greenback, though the British currency was set for its seventh straight day of losses against the resurgent euro. The pound rose 0.4% to $1.2931, building on its 2.7% gain last week, as …

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Central bank body BIS flags markets’ blessing for European defence spending surge

11 Mar 2025 11 Mar 2025

By Marc Jones LONDON (Reuters) – Central bank body, the Bank for International Settlements, has refrained from voicing its usual concerns about rising debt, noting markets’ positive reaction to Europe’s plans to ramp up defence spending in response to U.S. security policy shifts. The central bankers’ central bank as the BIS is known, warned in …

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Olympics-Stellantis to supply vehicles for 2026 Winter Games in Italy

11 Mar 2025 11 Mar 2025

(Reuters) – Alfa Romeo, Fiat, Lancia, and Maserati, the Italian brands of carmaker Stellantis, will serve as automotive partners for the 2026 Winter Olympic and Paralympic Games to be held in northern Italy, the company and local organisers said on Tuesday. Under the partnership, Stellantis will provide the fleet of service and representative vehicles needed …

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Britain’s Debenhams back as an online brand in Boohoo revamp

11 Mar 2025 11 Mar 2025

By Chandini Monnappa (Reuters) -Boohoo is rebranding as the British heritage brand Debenhams Group, saying it aims to revive earnings by creating a leaner digital platform for fast fashion. Boohoo acquired the Debenhams brand in 2021 and relaunched it as an online-only retailer, ending Debenhams’ department store presence. Debenhams, founded in 1778, was a household …

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UK’s Domino’s Pizza starts 2025 on a slow note as demand falters

11 Mar 2025 11 Mar 2025

By Raechel Thankam Job (Reuters) -Britain’s Domino’s Pizza Group on Tuesday posted a slower start to 2025 and forecast muted annual profit growth amid broader economic woes, sending shares down 3.8%. British firms are tackling the prospect of waning demand, as higher taxes and labour costs raise concerns about price hikes, impacting consumer spending habits. …

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Bank of England allots most money since 2020 at indexed long-term repo

11 Mar 2025 11 Mar 2025

LONDON (Reuters) – The Bank of England said it allotted 2.127 billion pounds ($2.75 billion) of six-month funds to banks at an indexed long-term repo operation on Tuesday, the most since April 2020 during the early stages of the COVID-19 pandemic. The ILTR facility offers cash for six months against a wider range of collateral …

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ECB’s Rehn calls for joint European investment in air defence, drones

11 Mar 2025 11 Mar 2025

HELSINKI (Reuters) – Europe must adopt common policies such as joint procurement of air defence equipment and drones to support Ukraine and strengthen its own defence despite large public deficits, Finnish central bank Governor Olli Rehn said on Tuesday. Rehn was speaking after European Union finance ministers on Monday began discussing how to pay for …

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VW says new entry-level electric car to be built in Portugal

11 Mar 2025 11 Mar 2025

BERLIN (Reuters) – Volkswagen will build its 20,000-euro ($21,636.00) electric car launching in Europe in 2027 at its plant in Palmela, Portugal, its brand chief said on Monday. ($1 = 0.9244 euros) (Reporting by Victoria Waldersee; Editing by Tomasz Janowski)