Reuters UK Business Archives - Page 1450 of 3179

Portugal’s 2024 budget surplus plunges 95% in 2024 from higher spending

31 Jan 2025 31 Jan 2025

LISBON (Reuters) – Portugal’s budget surplus plunged by 95% in 2024 after Prime Minister Luis Montenegro’s government cut taxes for families and businesses and raised wages and pensions to boost the economy, official data showed on Friday. Spending outpaced revenues, increasing by 9.2% last year. Total revenue only grew by 2.5%, resulting in a surplus …

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Russia’s Sibur says shipments from Kstovo plant halted after Ukrainian strike

31 Jan 2025 31 Jan 2025

MOSCOW (Reuters) – Russian petrochemicals giant Sibur said on Friday that shipments of products from its Kstovo plant had been suspended after a Ukrainian drone strike on Wednesday. In a statement, the company said repair work at the plant near Russia’s Nizhny Novgorod, about 800km (500 miles) from the Ukrainian border, would be carried out. …

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Intel gets $536 million in interest from 1.06 billion euro EU antitrust fine

31 Jan 2025 31 Jan 2025

By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Intel has received 515.55 million euros ($536 million) in default interest from EU antitrust regulators related to a 1.06 billion euro fine levied in 2009, EU antitrust chief Teresa Ribera has told EU lawmakers. Intel sued the European Commission for 593 million euros in 2022 after …

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STOXX 600 logs longest weekly winning streak in 10 months

31 Jan 2025 31 Jan 2025

By Nikhil Sharma and Johann M Cherian (Reuters) -European shares closed at a record high on Friday, led by technology stocks, as earnings from companies such as Novartis and Hexagon overshadowed concerns over economic recovery. The pan-European STOXX 600 index closed up 0.13% as technology led sectoral gains with a 1.7% rise. Industrial technology group …

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Brazil’s Moreira Salles family weighs buyout of France’s Verallia, Bloomberg News reports

31 Jan 2025 31 Jan 2025

(Reuters) – Brazil’s billionaire Moreira Salles family is exploring a potential take-private bid for French glass packaging producer Verallia SA, Bloomberg News reported on Friday, citing people familiar with the matter. A representative for BWSA, the Moreira Salles family office, did not immediately respond to a request for comment. Verallia declined to comment. (Reporting by …

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London’s FTSE 100 logs best month in more than two years

31 Jan 2025 31 Jan 2025

(Reuters) -Britain’s benchmark share index closed at a record high on Friday and logged its best month in more than two years, while investors prepared for the Bank of England’s rate decision next week. The blue-chip FTSE 100 hit an all-time high of 8,692.84 and closed up 0.3%. It has gained 6.1% so far in …

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Fitch says MPS bid for Mediobanca carries risks, but too early to assess

31 Jan 2025 31 Jan 2025

MILAN (Reuters) – Monte dei Paschi di Siena’s acquisition of bigger rival Mediobanca would be challenging to implement if the Tuscan bank’s bid succeeded, Fitch Ratings said on Friday. While any assessment is premature, Fitch said MPS’ ratings would likely be unaffected in the short term under the proposed terms of the transaction. However, the …

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Israeli startups make global plans after key role in war

31 Jan 2025 31 Jan 2025

By Emily Rose TEL AVIV (Reuters) – The drone that tracked Hamas leader Yahya Sinwar and filmed him as he lay dying in footage beamed around the world last October was made by Israeli startup Xtend, according to media reports, one of many such firms to get a boost from Israel’s war needs. Xtend’s co-founder …

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Trafigura and former executive found guilty of bribing Angolan official

31 Jan 2025 31 Jan 2025

By Emma Farge BELLINZONA, Switzerland (Reuters) -Switzerland’s top criminal court convicted trading house Trafigura and a former senior executive of corruption on Friday in an unprecedented case over payments made to an Angolan official in exchange for oil contracts. It ordered Trafigura to pay a fine of 3 million Swiss francs ($3.3 million) and $145.6 …

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AstraZeneca ditches UK investment over cut in state support

31 Jan 2025 31 Jan 2025

LONDON (Reuters) -AstraZeneca on Friday scrapped plans to invest 450 million pounds ($558.3 million) in its vaccine manufacturing plant in northern England, citing a cut in British government support. The decision to ditch the development of an existing facility in the Speke area of Liverpool comes at a time when Prime Minister Keir Starmer is …

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