Reuters UK Business

LONDON (Reuters) – Ocado, the British online supermarket and technology group, is extending the maturity of its debt by raising 600 million pounds ($771 million) in bonds due for 2029 repayment to finance a tender offer of existing bonds due in earlier years. The group said on Monday it had launched an offering of 250 …

Britain’s Ocado moves to extend its debt maturities Read More »

LONDON (Reuters) – Britain’s biggest reform of company listing rules in over three decades takes effect on Monday on the London Stock Exchange, a measure intended to help it compete more effectively with New York and the European Union after Brexit. The reforms, part of government efforts to attract more private investment into the British …

Factbox-Britain shakes up listings rules to attract investment Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Ryanair lost its final fight against a state loan made to Austrian Airlines as Europe’s top court on Monday sided with the EU competition authorities who approved it. The 150-million-euro ($163 million) subordinated loan was granted to Lufthansa’s Austrian unit in 2020 during the COVID-19 pandemic. Europe’s biggest budget …

Ryanair loses final appeal against Austrian Airlines loan Read More »

By Nell Mackenzie LONDON (Reuters) – Global hedge funds ditched bets against European stock markets at the fastest pace in 10 years amid a raft of better-than-expected company results, according to a Goldman Sachs note to clients seen by Reuters on Monday. Hedge funds, which have mostly been betting against Europe’s stock markets, unwound both …

Hedge funds ditch bearish Europe bets at fastest pace in a decade, Goldman says Read More »

By Stephanie Hamel and Charlotte Eugenie Yvette Bawol (Reuters) -Philips reported second-quarter results that exceeded analysts’ expectations on Monday, boosted by savings from job cuts, and flagged a big insurance payout linked to its Respironics product liability claims, sending its shares more than 10% higher. The Dutch medical device maker said its adjusted earnings before …

Cost savings drive Philips’ Q2 profit beat, flags insurance payout Read More »

(Reuters) -British meat producer Cranswick reported higher first-quarter revenue on Monday as strong demand for its premium ranges offset lower meat prices in Asia and Europe. Cranswick, which produces fresh pork, bacon, gourmet sausages, poultry items and continental foods and supplies to supermarkets, said its revenue growth was led by strong volumes. “Export sales volumes …

Meat producer Cranswick’s quarterly revenue grows on strong demand Read More »

LONDON (Reuters) -Dutch brewer Heineken reported a 12.5% rise in half-year operating profit on Monday after an anticipated boost from sporting events in June and July did not materialise, missing analyst estimates and sending its shares down 7%. The results and an 874-million euro ($948 million) impairment related to its Chinese partner China Resources Beer …

Heineken’s shares slide as first-half results miss forecasts Read More »

(Reuters) – London’s FTSE 100 inched higher on Monday, boosted by energy shares as well as investor optimism around interest rate cuts in the U.S. and the UK, while weakness in Pearson limited gains. The blue-chip FTSE 100 index was up 0.5%, hitting its highest since early June. The mid-cap FTSE 250 was flat at …

London’s FTSE 100 boosted by energy stocks; US, UK rate decisions in focus Read More »