Reuters UK Business

Sainsbury’s says NewDay gets beneficial title to Argos cards portfolio

3 Mar 2025

British supermarket chain Sainsbury’s said on Monday that NewDay Group had gained beneficial title, or the right to benefit from a property, to its Argos Financial Services (AFS) cards portfolio. Sainsbury’s had sold the AFS portfolio to NewDay for an expected 720 million pounds ($906.9 million) in October last year. NewDay will get legal title …

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Russian factory activity growth slows as demand stagnates, PMI shows

3 Mar 2025

(Reuters) – Russian manufacturing activity grew only slightly in February as overall demand stagnated, a business survey showed on Monday. The S&P Global Purchasing Managers’ Index (PMI) for Russian manufacturing fell to 50.2 in February from 53.1 in January, just staying above the 50 level that separates expansion from contraction. The slower upturn was attributed …

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Rio Tinto resumes operations at Western Australia’s Dampier port after five weeks

3 Mar 2025

By Roshan Thomas, Melanie Burton (Reuters) -Rio Tinto said on Monday that its iron ore export facility in Western Australia’s Dampier port resumed operations after being offline for over five weeks due to flooding from tropical cyclones. “A railcar dumper at the East Intercourse Island (EII) port facility was flooded when Tropical Cyclone Sean delivered …

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Irish manufacturing growth hits one-year high in February, PMI shows

3 Mar 2025

DUBLIN (Reuters) – Ireland’s manufacturing sector saw its fastest growth in a year in February, driven by a surge in new orders and increased production volumes, a survey by AIB and S&P Global showed on Monday. The AIB Ireland Manufacturing Purchasing Managers’ Index (PMI) rose to 51.9 in February from 51.3 in January, marking the …

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UK lawmakers push for stronger regulation on forced labour in supply chains

3 Mar 2025

By James Davey and Helen Reid LONDON (Reuters) – Britain must strengthen its safeguards against forced labour in supply chains to avoid the country becoming a dumping ground for products banned in other markets, lawmakers said in an report on Monday. Lawmakers on the cross-party Business and Trade Committee called on ministers to update Britain’s …

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Shell mulls sale of European, US chemicals assets, WSJ reports

3 Mar 2025

(Reuters) -Shell is considering a potential sale of its chemicals assets in Europe and the United States, the Wall Street Journal reported on Sunday, citing sources familiar with the matter. The energy group has hired Morgan Stanley to conduct a strategic review of its chemicals operations, the report said. Shell and Morgan Stanley declined to …

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Finland to release oil tanker suspected of power cable breach

2 Mar 2025

OSLO (Reuters) -Finland will release an oil tanker which investigators believe broke a Baltic Sea power cable and four internet lines late last year, and will escort the vessel to international waters even as the criminal probe continues, police said on Sunday. The Cook Islands-registered Eagle S was boarded by Finland’s coast guard on December …

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Prints and punk among ‘Versace superheroes’ at Milan Fashion Week

1 Mar 2025

MILAN (Reuters) – Versace mixed prints, sharp tailoring and punk in its latest collection on the catwalk at Milan Fashion Week, as speculation mounted over a possible sale of the Italian luxury label. Designer Donatella Versace opened the autumn-winter 2025 show held at a Milan tram depot with three puffy creations – including a ball …

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Russia’s central bank to understand lending trends in April, governor’s advisor says

1 Mar 2025

MOSCOW (Reuters) – Kirill Tremasov, advisor to the governor of Russia’s central bank, said on Saturday that the bank will have a full understanding of lending trends by the April meeting on the key rate, but for now it is too early to talk about it. Russia’s credit slowdown in early 2025 has been offset …

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