Reuters UK Business

By Sachin Ravikumar and Elizabeth Piper LONDON (Reuters) -Prime Minister Keir Starmer said on Tuesday he would increase annual defence spending to 2.5% of GDP by 2027 and target a 3% level last seen just after the Cold War, a signal to U.S. President Donald Trump that Britain can boost Europe’s security. On the eve …

UK’s Starmer boosts defence spending on eve of Washington trip Read More »

By Gleb Stolyarov and Alexander Marrow (Reuters) – Should French carmaker Renault wish to buy back its majority stake in Russia’s top carmaker Avtovaz, it would have to pay at least 112.5 billion roubles ($1.3 billion) to cover investments made since selling for only one rouble in 2022, Avtovaz said. U.S. efforts to secure a …

Renault’s Russia buyback to cost at least $1.3 billion, says Russia’s Avtovaz Read More »

(Reuters) -Britain’s FTSE 100 edged higher on Tuesday with defence stocks rising after Prime Minister Keir Starmer announced an increase in UK defence spending, while Unilever slipped after CEO Hein Schumacher’s surprise exit. The blue-chip FTSE 100 rose 0.1%, ending a five-session losing streak but still traded near its lowest level in about three weeks. …

FTSE 100 closes higher as defence stocks offset Unilever Read More »

By Emma Rumney LONDON (Reuters) – Some e-cigarette companies targeted by U.S. authorities have altered their business model or changed their corporate structure, including by transferring operations to offshore firms, according to a U.S. regulator and representatives of two companies.  Such tactics have complicated U.S. efforts to stem the flow of vapes lacking authorisation into …

Smokescreen: some vape firms pivot after FDA crackdown Read More »

By Susanna Twidale LONDON (Reuters) -Millions of Britons will pay higher energy costs from April after regulator Ofgem said its domestic price cap would rise 6.4% due to soaring wholesale energy prices. That would be the third consecutive quarterly increase and a blow for the government, which had made reducing energy bills one of its …

Millions of Britons face higher energy bills as price cap rises 6.4% Read More »

By Bhanvi Satija and Kashish Tandon HYDERABAD (Reuters) – Medical device maker Medtronic is looking at options to modify its global manufacturing footprint as part of efforts to mitigate any impact of U.S. President Donald Trump’s tariff plans, a company executive told Reuters on Tuesday. The company, whose products range from insulin pumps to surgical …

Medtronic explores options to optimize manufacturing operations amid Trump’s tariff threats Read More »

By Marwa Rashad and Emily Chow LONDON/SINGAPORE (Reuters) -Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation, Shell said in an annual report on Tuesday. Demand for natural gas continues …

Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth Read More »

By Josephine Mason LONDON (Reuters) – Unilever’s outgoing CEO Hein Schumacher said in an email after the surprise news of his departure on Tuesday that the board wanted to accelerate the pace of change and realise swift value creation under new leadership. In an email sent on Tuesday to associates and shared with Reuters, he …

Unilever’s outgoing CEO says board eager to speed change and value creation Read More »