Reuters UK Business

Burberry returns to growth as turnaround effort starts to bear fruit

13 Nov 2025

By Helen Reid and Yadarisa Shabong LONDON (Reuters) -Burberry posted its first quarter of growth in two years on Thursday as the British luxury brand’s turnaround efforts started to bear fruit and China returned to growth, lifting the shares more than 8%.  Burberry reported a 2% rise in second-quarter comparable store sales, beating analysts’ forecasts …

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Bulgarian parliament overturns presidential veto on Lukoil refinery takeover 

13 Nov 2025

SOFIA (Reuters) -The Bulgarian parliament on Thursday overruled a presidential veto on legislation allowing the government to take control of Lukoil’s oil refinery and sell it to shield the asset from looming U.S. sanctions. The U.S. Treasury’s Office of Foreign Assets Control (OFAC) and Britain imposed sanctions last month on Lukoil and Rosneft, Russia’s two biggest …

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Spain fines Musk’s X $5.8 million in cryptoasset advertising case

13 Nov 2025

MADRID (Reuters) -Spain’s stock market supervisor has fined Elon Musk-owned social media platform X 5 million euros ($5.8 million) for failing to make sure that a cryptoasset company that used X for advertisements had authorisation to provide investment services. The fine, dated November 3, was published in Spain’s official bulletin on Thursday. X, formerly known …

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EU court strikes down Hungary’s export control on materials

13 Nov 2025

(Reuters) -Export controls introduced by Hungary on raw materials and construction materials are in breach of European Union regulations, the EU’s Court of Justice said on Thursday. The European Commission had sued Hungary over a measure that requires the Hungarian state to be notified about any export of construction materials. The state then has the …

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With markets underpricing risk, Europe must not ease bank regulation, ECB argues

13 Nov 2025

FRANKFURT (Reuters) -Financial markets are underpricing geopolitical risks and nearly all euro zone banks are exposed to some extent, so weakening regulation now could jeopardize the sector’s viability in the longer run, ECB supervisory chief Claudia Buch said on Thursday. U.S. officials are working on a raft of initiatives to ease the regulatory burden on …

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Scotland gets AA debt rating from S&P ahead of ‘kilt’ bond plans

13 Nov 2025

LONDON (Reuters) -Scotland has been awarded an AA government debt rating from leading credit rating agency S&P Global, a major step towards the issuance of so-called “kilt” bonds, but the firm said that would likely drop if a renewed drive for independence emerges. The announcement is the first time the Scottish government has been awarded …

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UK’s Aviva targets more savings after Direct Line takeover

13 Nov 2025

(Refiles to fix day of the week in paragraph 1) By Iain Withers LONDON (Reuters) -British insurer Aviva on Thursday set itself new financial targets including nearly doubling cost savings from its combination with Direct Line, as CEO Amanda Blanc looks to convince investors the enlarged firm can deliver. The company said it would target …

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Delivery Hero expects Asia recovery to boost fourth-quarter growth

13 Nov 2025

By Linda Pasquini (Reuters) -German online takeaway food company Delivery Hero said on Thursday it expected growth to accelerate in the current quarter, driven by a recovery in its Asian market, sending its shares up 8%. The company said early signs in the current quarter were “encouraging,” as orders returned to growth in the key …

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Chasing the Louvre loot: Inside Antwerp’s jewellery underworld

13 Nov 2025

By Gabriel Stargardter and Juliette Jabkhiro PARIS (Reuters) -In the hours after the Louvre heist, Belgian police received an alert from their French counterparts, urging them to be on the lookout for anyone trying to hawk the stolen jewels, according to two Antwerp police officers. The alert came via the “Pink Diamond” network, a secure …

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Embracer beats quarterly profit expectations ahead of Coffee Stain spin-off

13 Nov 2025

(Reuters) -Swedish gaming company Embracer reported a 79% drop in its quarterly adjusted operating profit but beat market expectations on Thursday, as its core games boosted player engagement ahead of its planned Coffee Stain spin-off. CONTEXT The Tomb Raider franchise owner is splitting into three listed companies after its acquisition spree was cut short by …

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