Reuters UK Business

Italy counting on M&A deal to cut MPS stake, favours BPM merger, sources say

18 Nov 2025

By Giuseppe Fonte and Valentina Za ROME (Reuters) -The Italian government will hold onto its remaining 4.9% stake in bailed-out bank Monte dei Paschi di Siena (MPS) while the lender incorporates its recently-acquired rival Mediobanca, two sources close to the matter told Reuters. But Giorgia Meloni’s government is counting on another future merger deal to …

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Etihad Airways boosts wide-body fleet with order of 15 Airbus A330s planes

18 Nov 2025

DUBAI (Reuters) -Etihad Airways has placed an order for 15 A330-900s aircraft from Airbus, its CEO said on Tuesday, adding the plane to its wide-body fleet as it expands to meet ambitious growth targets. The Abu Dhabi carrier is buying six A330-900s and nine will be leased from Dublin-based lessor Avolon, CEO Antonoaldo Neves said …

Etihad Airways boosts wide-body fleet with order of 15 Airbus A330s planes Read More »

TotalEnergies to appeal French antitrust fine over Corsica fuel supply

18 Nov 2025

(Reuters) -French oil major TotalEnergies said on Tuesday it will challenge a French Competition Authority ruling that fined the company over its petroleum supply practices in Corsica. “Given the disproportionate nature of the fine compared to the profitability of its operations on the island, TotalEnergies has decided to initiate a strategic review of the conditions …

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Novo Holdings exits UK’s ConvaTec after discounted share sale, bookrunner says

18 Nov 2025

(Reuters) -Novo Holdings, which controls obesity drugmaker Novo Nordisk, sold its 7.8% stake in ConvaTec at a discount, exiting its shareholding in the British maker of medical products, a bookrunner for the offering said on Tuesday. Shares in ConvaTec fell more than 3% in early trading and were among the top losers on Britain’s blue-chip FTSE …

Novo Holdings exits UK’s ConvaTec after discounted share sale, bookrunner says Read More »

German apartment building permits rise 60% in September as sector recovers

18 Nov 2025

FRANKFURT (Reuters) -Permits to build apartments in Germany rose 60% in September from a year earlier, statistics office data showed on Tuesday, as the nation’s property industry shows further signs of recovery. The level in September a year earlier was particularly weak, the lowest since January 2012. Germany’s property sector, which began to shrink in …

German apartment building permits rise 60% in September as sector recovers Read More »

Analysis-Big Tech-led demand for carbon removal credits fuels supply crunch

18 Nov 2025

By Simon Jessop, Susanna Twidale and Virginia Furness BELEM, Brazil (Reuters) -Surging demand for high-quality carbon removal credits from tech giants to offset their AI-driven emissions is helping fuel a shortage that experts say is exactly what is needed to spur investment in the nascent market. Heavy buying over the last two years by companies …

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ABB raises profitability margin goal to 18-22%, keeps sales targets unchanged

18 Nov 2025

ZURICH (Reuters) -ABB raised its profitability margin goal on Tuesday as the slimmed-down Swiss engineering group prepares to concentrate on electrification and industrial automation. The company, which is selling its industrial robots business to SoftBank Group for $5.4 billion, targets an operational earnings before interest, tax and amortisation margin of 18-22% over the next few …

ABB raises profitability margin goal to 18-22%, keeps sales targets unchanged Read More »

Deutsche Boerse to add SocGen’s stablecoins to its settlement business

18 Nov 2025

By Elizabeth Howcroft PARIS (Reuters) -German stock exchange operator Deutsche Boerse plans to integrate stablecoins made by French bank Societe Generale in its settlement business, the companies said on Tuesday, in an attempt to get the tokens more widely used. Societe Generale’s crypto arm, SG-FORGE, has created a dollar-backed and euro-backed public stablecoin, but both …

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RTL cuts outlook as TV ad slump hits Germany and France

18 Nov 2025

(Reuters) -European media group RTL lowered its annual forecasts on Tuesday, citing weakness in the TV advertising business in Germany and France, at a time when the broadcaster leans on streaming growth to offset declines in its core markets. RTL, which operates commercial TV networks in Germany, France and the Netherlands, expects revenue of 6 …

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Convenience food producer Greencore reports higher annual profit

18 Nov 2025

(Reuters) -Irish convenience food producer Greencore reported a rise in full-year adjusted operating profit on Tuesday, helped by robust demand for food-to-go products and effective cost management that helped offset inflationary pressures. Greencore, which also signed an agreement to sell its Bristol site to appease competition concerns related to its acquisition of rival Bakkavor, said …

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