Reuters UK Business Archives - Page 153 of 3179

Exclusive-BP in active talks with Stonepeak over Castrol sale, sources say

13 Nov 2025 13 Nov 2025

By Amy-Jo Crowley, David French and Andres Gonzalez LONDON/NEW YORK (Reuters) -BP is in talks with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with knowledge of the situation, in what would be a major step in meeting the energy company’s $20 billion divestment goal. The sale process for …

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Poste Italiane sees no major impact from EU plan for fee on low-value parcels

13 Nov 2025 13 Nov 2025

By Elvira Pollina MILAN (Reuters) -Poste Italiane sees no major impact from a European Union plan for a 2 euro levy on small inbound parcels from outside the bloc on the company’s volumes, Chief Executive Officer Matteo Del Fante said on Thursday. However, Del Fante also said such a measure could delay plans of low-cost …

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Norway wealth fund may invest in top defence firms after 21-year ban

13 Nov 2025 13 Nov 2025

By Gwladys Fouche OSLO (Reuters) -Unnerved by the Ukraine war and U.S. President Donald Trump’s whiplash statements on defending Europe, Norway could allow its $2.1 trillion sovereign wealth fund, the world’s largest, to invest in major defence companies from 2027 after a more than 20-year hiatus. Such a move would enable the fund to take …

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EU funnels fresh money to Ukraine for Naftogaz

13 Nov 2025 13 Nov 2025

WARSAW (Reuters) -Europe’s top development banks and Ukrainian energy firm Naftogaz signed a deal on Thursday to provide hundreds of millions of euros to secure Ukraine’s natural gas supply amid the ongoing attacks on its infrastructure by Russia. Ukrainian gas imports have risen as the war with Russia batters the country’s energy system. Norway announced …

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Almost a third of Russian seaborne oil export potential stuck in tankers, JPMorgan says

13 Nov 2025 13 Nov 2025

MOSCOW (Reuters) -Around 1.4 million barrels per day of Russian oil, or almost a third of the country’s seaborne exporting potential, remain in tankers as unloading slows due to U.S. sanctions against Rosneft and Lukoil, JPMorgan said on Thursday. The U.S. set a November 21 deadline to wind down all dealings with Rosneft and Lukoil, …

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EU lawmakers back further weakening of contentious sustainability laws

13 Nov 2025 13 Nov 2025

By Philip Blenkinsop and Kate Abnett BRUSSELS (Reuters) -Far-right parties joined forces with the centre-right in the European Parliament on Thursday to back further cuts to the bloc’s corporate sustainability laws, after months of pressure from companies and governments including the U.S. and Qatar. The European Union’s corporate sustainability due diligence directive (CSDDD) was adopted …

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BioNTech says collaboration with Pfizer remains unchanged

13 Nov 2025 13 Nov 2025

FRANKFURT (Reuters) -BioNTech said on Thursday that its collaboration with Pfizer has not changed, when asked to comment on a report that Pfizer is looking to sell its stake in the German biotech firm. “We continue to have a close and strong collaboration,” a spokesperson said in a statement, adding that BioNTech would not be …

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UK regulator warns CFD firms against failing consumers

13 Nov 2025 13 Nov 2025

LONDON (Reuters) -Britain’s Financial Conduct Authority will take action against contracts for difference (CFD) providers that fail to provide fair value to consumers, two years after introducing stricter protection rules, the regulator said on Thursday. After a review, the FCA said some providers of CFDs – risky and complex financial products used to bet on …

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Price of buying new car in Russia hits a record high, analytical agency says

13 Nov 2025 13 Nov 2025

MOSCOW (Reuters) -The average price of buying a new car in Russia hit a record high in October, rising to 3.43 million roubles ($42,189), Russian analytical agency Autostat said on Thursday, saying consumers were rushing to buy on fears of more price hikes. The average purchase price was 3.5% higher than in October 2024, 60% …

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UK retailer B&M’s shares hit record low on weak start to festive quarter

13 Nov 2025 13 Nov 2025

By Yamini Kalia and Rishab Shaju (Reuters) -British discount retailer B&M reported on Thursday a weak start to the key Christmas quarter, sending its shares down to a record low, though its CEO hopes a strong position in festive decorations and gifts can improve its performance. The company also appointed experienced finance executive Helen Cowing …

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