Reuters UK Business

LONDON (Reuters) -Motorola was refused permission to appeal against the British antitrust regulator’s findings that it was making “supernormal” profits on its contract to provide communications to Britain’s emergency services. The Competition and Markets Authority said on Friday the Court of Appeal had unanimously dismissed Motorola’s application for permission to appeal. The CMA imposed a …

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By Anousha Sakoui (Reuters) -Activist investor Elliott Investment Management has built a stake in oil major BP, a source familiar with the matter told Reuters on Saturday. The source did not provide the size of the stake. U.S.-based Elliott is seeking to boost shareholder value by urging BP to consider transformative measures, Bloomberg News reported …

Activist Elliott builds stake in oil major BP, source says Read More »

SEATTLE (Reuters) – Boeing warned on Saturday of layoffs in its Space Launch System moon rocket program, saying it expects to have about 400 fewer positions in line with revisions to NASA’s Artemis program and cost expectations. The Seattle-based aerospace manufacturer said it will issue 60-day notices of involuntary layoffs to the affected employees in …

Boeing warns moon rocket program employees of layoffs Read More »

By Lawrence White LONDON (Reuters) – HSBC has appointed Julian Wentzel as Group Chief Sustainability Officer, the bank said on Friday, confirming the banker in HSBC’s key role advising clients on their climate policies. Wentzel, who joined HSBC in 2015, had been performing the role on an interim basis following the departure of Celine Herweijer …

HSBC appoints Julian Wentzel as group chief sustainability officer Read More »

(Reuters) -Accenture has scrapped its global diversity and inclusion goals after an evaluation of the changing U.S. political landscape, according to an internal memo seen by Reuters on Friday. The company will start “sunsetting” the diversity goals it set in 2017, along with career development programs for “people of specific demographic groups”, said the memo …

Accenture scraps diversity and inclusion goals, memo says Read More »

MOSCOW (Reuters) -Russia’s Federal Anti-Monopoly Service may initiate a one-month ban on gasoline exports by large producers in order to stabilise wholesale prices ahead of the crop-sowing season, state news agency TASS reported on Friday. But it quoted the service’s deputy head, Vitaly Korolyov, as saying an export ban was only one of several possible …

Russia may ban gasoline exports for a month to stabilise prices, TASS reports Read More »

By Tim Hepher PARIS (Reuters) -Airbus said on Friday it is delaying plans to develop a hydrogen-powered commercial aircraft by the middle of next decade, citing slower than expected developments in technology. The delay marks a setback to the European aerospace group’s ambitions to pioneer the adoption of hydrogen fuel as aviation strives to curtail …

Airbus postpones development of new hydrogen aircraft Read More »

By Lefteris Papadimas and Karolina Tagaris SANTORINI, Greece (Reuters) – Hundreds of small earthquakes that shook Greece’s tourist hotspot of Santorini this week have revived concerns about the safety of a decades-long construction boom along the island’s sheer, volcanic cliffs, experts said. No serious damage has been reported, but scientists have warned that the seismic …

Week of tremors exposes dangers of Santorini’s construction boom Read More »

By Chibuike Oguh NEW YORK (Reuters) -Shares of Uber Technologies jumped to a three-month high on Friday after billionaire hedge fund manager Bill Ackman announced that he had taken a stake worth about $2.3 billion in the ride-sharing platform. In a post on social media platform X, Ackman said he began acquiring a stake in …

Uber shares jump to three-month high after Bill Ackman builds $2 billion stake Read More »

By Abigail Summerville NEW YORK (Reuters) – A group led by C&S Wholesale Grocers is closing in on a deal to buy nearly 350 Winn-Dixie grocery and liquor stores from German discount chain Aldi’s U.S. unit, according to people familiar with the matter. C&S, along with members of Winn-Dixie’s management team, will take over about …

C&S Wholesale Grocers nears deal to buy Winn-Dixie stores, sources say Read More »