Reuters UK Business

By Svea Herbst-Bayliss NEW YORK(Reuters) -Activist investor Ancora Holdings is demanding access to records from U.S. Steel, ranging from board minutes to financial documents, as it ratchets up a campaign to replace some of the company’s board members and chief executive, according to a letter seen by Reuters. Ancora last month launched a boardroom challenge …

Ancora demands U.S. Steel board records, ratchets up proxy fight Read More »

By Dominique Vidalon and Helen Reid PARIS (Reuters) -Carrefour, Europe’s largest food retailer, said on Wednesday it would keep lowering prices this year as it reported a higher operating profit for its core French market and strong cash flow of 1.46 billion euros ($1.52 billion) for 2024. The solid results allowed Carrefour to hand investors …

Carrefour plans more price cuts this year as it gains ground in France Read More »

By Paul Sandle LONDON (Reuters) – Europe’s biggest defence company BAE Systems said it could expand to meet surging demand if governments provide long-term guarantees on increased military spending, after it reported a record order backlog. Shares in European defence companies have rallied in the last week after the U.S. told Europe’s political leaders at …

UK’s BAE Systems: We can meet defence demand if Europe gives the signal Read More »

By Johann M Cherian and Pranav Kashyap (Reuters) – Europe’s main STOXX index logged its biggest daily drop since the start of this year on Wednesday as expectations escalated of a damaging trade war following U.S. President Donald Trump’s latest tariff threats.  The pan-European STOXX 600 index dropped 0.9%, with bourses in Germany, France, Italy …

STOXX 600 marks biggest daily drop in 2025 on tariff woes Read More »

By Stephen Nellis SUNNYVALE, California (Reuters) – Apple on Wednesday revealed its first custom-designed modem chip that will help connect iPhones to wireless data networks, a move that will make the company less reliant on chips from Qualcomm that also power its Android rivals. The chip will be at the heart of Apple’s $599 iPhone …

Apple reveals first custom modem chip, shifting away from Qualcomm Read More »

By Jaspreet Singh (Reuters) -Bumble’s shares fell 28% on Wednesday after the dating app operator forecast first-quarter revenue below market estimates, as it continues to grapple with a slowdown in the growth of paying users. Shares of the Austin, Texas-based company have slumped about 40% over the past 12 months. Bumble recently announced executive changes …

Bumble shares slide after weak forecast signals slow dating app turnaround Read More »

MILAN (Reuters) – The shareholders’ pact for Italy’s Mediobanca, representing around 11.6% of the bank’s capital, have rejected Monte dei Paschi di Siena (MPS) takeover bid, a shareholder said on Wednesday after a pact meeting. Mediobanca’s board has also rejected the bid. (Reporting by Gianluca Semeraro, writing by Francesca Piscioneri, editing by Alvise Armellini)

(Reuters) -British equities closed lower on Wednesday, as investors trimmed their bets on the pace of interest rate cuts by the Bank of England following stronger-than-expected inflation data. The blue-chip FTSE 100 dropped 0.6%, touching its lowest level in over a week, while the midcap FTSE 250 fell 0.8% to a two-week low. Data showed …

British stocks lose steam on inflation, tariff worries Read More »