Reuters UK Business Archives - Page 1535 of 3179

Russian prices up 9.5% in 2024, continue to grow in 2025, statistical data shows

15 Jan 2025 15 Jan 2025

MOSCOW (Reuters) – Russian consumer prices grew by 9.52% last year compared to 7.42% in 2023, final statistical data showed on Wednesday, making the 2024 inflation rate the fourth highest in the last 15 years. Russian consumer price growth exceeded 10% in 2022, the year Russia launched its invasion of Ukraine, and during the economic …

Russian prices up 9.5% in 2024, continue to grow in 2025, statistical data shows Read More »

Novo Banco owners to receive $1.34 billion when bank makes first dividend payment

15 Jan 2025 15 Jan 2025

LISBON (Reuters) – U.S. private equity fund Lone Star and Portuguese authorities are set to share 1.3 billion euros ($1.34 billion) when Novo Banco makes its first dividend payout in the coming months. Novo Banco was created in 2014, carved out of the collapsed Portuguese bank BES after a multi-billion-euro state bailout. Since 2017 Novo …

Novo Banco owners to receive $1.34 billion when bank makes first dividend payment Read More »

Vistry opts for leaner model as it flags uncertain outlook

15 Jan 2025 15 Jan 2025

By Aby Jose Koilparambil and Chandini Monnappa (Reuters) – UK housebuilder Vistry kept its 2024 earnings forecast on Wednesday after issuing three profit warnings since October, and said it would reduce its operating divisions from six to three. The company cautioned that market conditions remained uncertain as the housing sector navigates affordability and broader economic …

Vistry opts for leaner model as it flags uncertain outlook Read More »

Bank of England to cut interest rates four times this year – Reuters poll

15 Jan 2025 15 Jan 2025

By Hari Kishan and Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less. Interest rate futures are pricing in …

Bank of England to cut interest rates four times this year – Reuters poll Read More »

Testing giants Bureau Veritas and SGS in merger talks

15 Jan 2025 15 Jan 2025

(Reuters) -France’s Bureau Veritas and Switzerland’s SGS are in merger talks to create a testing and certification giant worth more than $30 billion that would dwarf competitors. The two companies, which test and certify new products, ingredients and processes, gave few details on Wednesday about the talks, and said there was no guarantee of a …

Testing giants Bureau Veritas and SGS in merger talks Read More »

BlackRock assets hit record $11.6 trillion in fourth quarter

15 Jan 2025 15 Jan 2025

By Davide Barbuscia NEW YORK (Reuters) -BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its assets to a record high of $11.6 trillion, the world’s largest money manager said on Wednesday. Assets managed by the New York-based company increased to $11.55 trillion from $10.01 …

BlackRock assets hit record $11.6 trillion in fourth quarter Read More »

Euronext affirms M&A interest in Spanish BME, Nasdaq Nordic

15 Jan 2025 15 Jan 2025

By Mathieu Rosemain PARIS (Reuters) – The head of Euronext said on Wednesday that the pan-European stock exchange was seeking to further consolidate markets infrastructure assets in Europe, including a potential acquisition of SIX-owned Spanish stock exchange BME. Euronext is also interested in tie-ups with Euroclear and Nasdaq Nordic, a subsidiary of Nasdaq that includes …

Euronext affirms M&A interest in Spanish BME, Nasdaq Nordic Read More »

Chipmaker NXP gets 1 billion euro loan from EIB for European projects

15 Jan 2025 15 Jan 2025

NIJMEGEN, Netherlands (Reuters) – Netherlands-based computer chip maker NXP said on Wednesday it has secured a 1 billion euro ($1.03 billion)loan from the European Investment Bank (EIB) to support research and development projects in five European countries. The EIB, the European Union’s long-term lending institution, said the loan was part of a investment programme it …

Chipmaker NXP gets 1 billion euro loan from EIB for European projects Read More »

ECB to cut rates four more times by mid-year, say economists – Reuters poll

15 Jan 2025 15 Jan 2025

By Indradip Ghosh and Jonathan Cable BENGALURU/LONDON (Reuters) – The European Central Bank will extend back-to-back interest rate cuts at least until July in an effort to shield the weak euro zone economy, which faces an imminent threat from U.S. tariffs, according to a majority of economists polled by Reuters. U.S. President-elect Donald Trump is …

ECB to cut rates four more times by mid-year, say economists – Reuters poll Read More »

GM signs supply deal with Vianode for synthetic graphite for EV batteries

15 Jan 2025 15 Jan 2025

By Nick Carey LONDON (Reuters) – General Motors has signed a multi-year, multi-billion dollar agreement for Norway’s Vianode to provide the U.S. automaker with synthetic graphite anode materials for its electric vehicle batteries, the companies said on Wednesday. The synthetic graphite will be used for EV batteries made by the Ultium Cells joint venture between …

GM signs supply deal with Vianode for synthetic graphite for EV batteries Read More »