Reuters UK Business Archives - Page 1553 of 3179

UK investor Steve Morgan’s Bridgemere Group takes stake in Barratt Redrow

10 Jan 2025 10 Jan 2025

(Reuters) – British investor Steve Morgan’s Bridgemere Group disclosed a nearly 5% stake in Barratt Redrow, a filing showed on Friday, making it the third-biggest shareholder in Britain’s largest homebuilder. Morgan, the founder and former chairman of Redrow, through Bridgemere group had held a substantial stake in Redrow until it was taken over by Barratt …

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TotalEnergies begins construction on Iraq gas project

10 Jan 2025 10 Jan 2025

By America Hernandez PARIS – French oil major TotalEnergies has begun building a gas processing facility in Iraq, it said on Friday, the first portion of a massive multi-energy project aimed at reducing the country’s import bill and attracting foreign investment. ArtawiGas25 will process 50 million cubic feet of gas per day from the Ratawi …

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Britain’s gas storage levels are worryingly low, Centrica says

10 Jan 2025 10 Jan 2025

By Susanna Twidale LONDON (Reuters) -Britain’s gas storage levels are worryingly low, with less than a week’s worth of gas in storage after a cold snap, energy company Centrica said on Friday while the government said there was no need for concern. Much of Britain has been hit by cold weather and snow this week, …

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Greece examines impact of US blacklisting of Piraeus port owner COSCO – sources

10 Jan 2025 10 Jan 2025

By Jonathan Saul, Yannis Souliotis and Renee Maltezou ATHENS/LONDON (Reuters) – Greece’s biggest port Piraeus is operating normally following a U.S. blacklisting this week of its majority owner, China’s largest shipping group COSCO, while the Greek government is examining its potential impact, sources told Reuters on Friday. The U.S. Defense Department said on Monday it …

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Tone of French budget talks softens as pension reform comes into play

10 Jan 2025 10 Jan 2025

By Leigh Thomas PARIS (Reuters) – The mood music around French budget talks improved this week as the Socialists softened their positions after new Prime Minister Francois Bayrou’s government appeared open to the idea of watering down a contested retirement reform. His government is trying to win assurances from some opposition parties and the Socialists …

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Online furniture retailer Wayfair to lay off 730 workers on its exit from Germany

10 Jan 2025 10 Jan 2025

(Reuters) – Online furniture retailer Wayfair said on Friday it would lay off 730 employees as it exits the German market to focus on investments in core businesses. Shares of the U.S.-based company were up about 4% in premarket trading. The company has been grappling with slower traffic and weaker demand from cost-conscious consumers who …

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Amundi buys UK gilts during sell-off, sees spending cuts ahead

10 Jan 2025 10 Jan 2025

By Harry Robertson LONDON (Reuters) – Europe’s largest asset manager Amundi added to its gilt holdings in its global portfolios amid this week’s sell-off in UK bonds, and said British finance minister Rachel Reeves will likely have to cut spending as a result of the jump in borrowing costs. “We took this opportunity to add …

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UniCredit brings securities services in-house, with focus on Germany

10 Jan 2025 10 Jan 2025

MILAN (Reuters) -UniCredit said on Friday it would bring in-house back-office activities for securities custody services, with an initial focus on Germany, where the move will create 140 new jobs. The jobs will be filled partly by existing personnel, thanks to reskilling programmes agreed with unions, and partly through hiring, it added. The Italian bank …

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Italy will fully control data in any Starlink deal, Musk adviser says

10 Jan 2025 10 Jan 2025

MILAN (Reuters) – Italy would have full control of its data under any potential deal struck with Elon Musk’s Starlink for secure satellite communications, an Italian representative for the billionaire’s aerospace businesses said. Rome is considering the use of Musk’s telecommunications systems to provide encrypted communications between the government, Italian diplomats and defence officials operating …

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Goldman Sachs appoints Paesotto and Rava as co-heads of Investment Banking in Italy

10 Jan 2025 10 Jan 2025

MILAN (Reuters) – Goldman Sachs has appointed Marco Paesotto and Edoardo Rava as co-heads of Investment Banking in Italy, the bank said on Friday. Paesotto and Rava will focus on deepening client relationships and driving strategic initiatives, Goldman Sachs said in a statement. They will work closely with Francesco Pascuzzi who will continue to act …

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