Reuters UK Business

By John Revill and Alexander Hübner ZURICH/MUNICH (Reuters) -Siemens said on Wednesday it would cut its 33.5 billion euro ($39.07 billion) stake in Siemens Healthineers by transferring shares in the medical equipment maker to its own shareholders. The German engineering group will reduce its 67% stake to 37% or less by giving 30% of its …

Siemens to reduce $39 billion Healthineers stake with spin-off to shareholders Read More »

By Helen Reid and Juveria Tabassum (Reuters) -On Holding on Wednesday raised its annual revenue target for the third time this year and reported a blowout quarter, thanks to strong demand for its running shoes and sneakers despite price hikes. The company’s shares jumped 25% after it also raised its forecasts for annual margin and …

Sportswear brand On lifts annual targets again amid strong demand Read More »

By Foo Yun Chee and Paul Sandle BRUSSELS (Reuters) -Lower developer fees implemented by Apple to comply with European Union tech regulations have not reduced prices for users, the iPhone maker said on Wednesday, renewing its criticism of Europe’s efforts to rein in its market power. Last year, in response to the bloc’s Digital Markets …

Developer fee cuts not passed on to EU users, Apple says Read More »

By Ankita Bora and Yadarisa Shabong (Reuters) -British utility SSE unveiled a 33 billion pound five-year investment plan on Wednesday, including a 2 billion pound ($2.68 billion) equity fundraising, as it seeks to upgrade the UK’s regulated electricity networks and bolster its renewables business. SSE’s shares rose more than 11% to a record high. Analysts …

British utility SSE seeks to raise $2.7 billion for grid investments, shares soar Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Europe’s telecoms operators are set to gain access to the bulk of key spectrum coveted also by internet providers, with the backing of an advisory body to the European Commission, people with direct knowledge of the matter said on Wednesday. The issue pits Deutsche Telekom , Orange , TIM …

Exclusive-Europe’s mobile operators set to win key spectrum in fight with wi-fi industry, sources say Read More »

MOSCOW (Reuters) -Russia and Kazakhstan have agreed to boost their partnership in the oil sector following talks between their respective presidents in the Kremlin on Wednesday. Landlocked Kazakhstan is heavily reliant on Russia as a route for its energy exports, with more than 80% of its oil exported through a pipeline operated by the Caspian …

Russia, Kazakhstan agree to strengthen oil sector ties after Moscow talks Read More »