Reuters UK Business Archives - Page 1429 of 3179

BlackRock prepares to launch bitcoin exchange-traded product in Europe, source says

5 Feb 2025 5 Feb 2025

By Iain Withers LONDON (Reuters) – BlackRock is gearing up to launch a bitcoin exchange-traded product in Europe within weeks, a source familiar with the matter told Reuters, amid growing demand for exposure to cryptocurrencies from both money managers and consumers. The product will likely be domiciled in Switzerland, the source added. The Wall Street …

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GSK, gold miners shares push Britain’s FTSE 100 higher

5 Feb 2025 5 Feb 2025

(Reuters) -UK’s FTSE 100 firmed on Wednesday after two straight days of losses, buoyed by gains in shares of heavyweight GSK and gold miners, while investors turned their focus to the Bank of England’s rate decision this week. The blue-chip FTSE 100 ended 0.6% higher, while the domestically focussed mid-cap FTSE 250 firmed 0.5%. GSK …

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Soitec cuts 2025 guidance due to weak automotive market

5 Feb 2025 5 Feb 2025

By Ozan Ergenay (Reuters) – French semiconductor materials supplier Soitec on Wednesday cut its sales forecast for 2025, citing a couple of customers asking to put some deliveries on hold due to worsening conditions in automotive and consumer markets. The company now expects 2025 revenue to fall by a high-single-digit percentage year-on-year at constant exchange …

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Russia’s struggling grain trader gives up foreign passport to keep business

5 Feb 2025 5 Feb 2025

By Olga Popova MOSCOW (Reuters) – The owner of a company that was until recently Russia’s largest grain trader has given up his foreign citizenship, a source close to his company told Reuters, in an apparent attempt to remain in control of his business. The source said that Pyotr Khodykin, whose company controlled 14% of …

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EU advisers propose plan to cut corporate green reporting by a third

5 Feb 2025 5 Feb 2025

By Virginia Furness LONDON (Reuters) – A group of sustainable finance experts tasked with advising the European Union have proposed changes to the bloc’s rules for classifying climate-friendly activities, which they say will slash the reporting burden on companies by a third. The proposal to simplify the bloc’s green investment rulebook comes ahead of a …

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Wartsila CEO says US energy transition will continue despite Trump

5 Feb 2025 5 Feb 2025

By Anne Kauranen HELSINKI (Reuters) – The transition from fossil fuels to renewable energy will continue in the U.S. despite President Donald Trump’s tariffs due to renewable energy’s cheaper pricing, the CEO of power plant maker Wartsila said on Wednesday. President Trump has laid out a sweeping plan to maximize oil and gas production, including …

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TotalEnergies CEO urges Europe to negotiate LNG free-trade deal with US

5 Feb 2025 5 Feb 2025

By Benjamin Mallet and America Hernandez PARIS (Reuters) -TotalEnergies CEO Patrick Pouyanne said on Wednesday that Europe should negotiate to obtain a free-trade guarantee on U.S. liquefied natural gas (LNG), against the backdrop of an unpredictable global trade environment. U.S. President Donald Trump has just imposed sweeping tariffs on Chinese imports, to which Beijing has …

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AMD’s $4.9 billion ZT Systems deal faces EU antitrust decision by March 12

5 Feb 2025 5 Feb 2025

BRUSSELS (Reuters) – European Union antitrust regulators will decide by March 12 whether to clear U.S. chipmaker AMD’s $4.9 billion bid for server maker ZT Systems, a European Commission filing showed on Wednesday. AMD announced the proposed acquisition in August last year which will strengthen its portfolio of artificial intelligence chips and hardware to better …

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Harley-Davidson forecasts weak 2025 as spending falters

5 Feb 2025 5 Feb 2025

By Nathan Gomes and Aishwarya Jain (Reuters) – Harley-Davidson on Wednesday forecast 2025 profit and motorcycle revenue to be flat to down 5% as consumers temper big-ticket purchases, sending its shares down 5% in morning trade. Demand for leisure vehicles has fallen off since the pandemic, while sticky inflation and steep borrowing costs have forced …

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Portugal’s central bank chief positive on Novo Banco IPO, urges caution on M&A

5 Feb 2025 5 Feb 2025

By Sergio Goncalves and Andrei Khalip LISBON (Reuters) – Novo Banco’s planned initial public offering would be beneficial for the Portuguese banking sector, Bank of Portugal Governor Mario Centeno said on Wednesday, but he urged a cautious approach to any further acquisitions or consolidation. Novo Banco was created in 2014 as a result of a …

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