Reuters UK Business

(Reuters) -French automaker Renault, Nissan Motor’s largest shareholder, is open in principle to the Japanese automaker pursuing merger talks with peer Honda Motor, two people familiar with the matter said. The sources, who declined to be identified because it is confidential, said the carmaker would examine all the implications of a tie-up to ensure its …

Renault open in principle to Nissan pursuing merger talks with Honda, sources say Read More »

By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON (Reuters) – Next year’s top pick for hedge fund strategies is so-called macro, with U.S. President-elect Donald Trump centre-stage as investors bet on how global policy decisions will impact economic conditions and play out in financial markets. Hedge fund returns benefited this year from wild market …

Macro a must-have for hedge fund investors betting on 2025 market swings Read More »

By Inti Landauro MADRID (Reuters) -Spain has opened an investigation into Airbnb for failing to delete thousands of rental offers from its platform in an attempt to curb a business blamed by authorities and many residents for contributing to housing shortages and soaring real estate prices. Airbnb said on Wednesday it was the platform targeted …

Spain probes Airbnb in crackdown on tourism rentals Read More »

By Juveria Tabassum and Helen Reid (Reuters) -Birkenstock beat market expectations for fourth-quarter results on robust demand for its pricey footwear and forecast a recovery in margins in fiscal 2025, sending the company’s shares up 7% on Wednesday. With fresh styles becoming a priority for consumers, Birkenstock’s sandals and closed-toe clogs have drawn new customers …

Birkenstock results beat on resilient demand, forecasts margin recovery Read More »

BERLIN (Reuters) – Germany’s budget committee has approved the purchase of four submarines manufactured by ThyssenKrupp Marine Systems in a deal worth 4.7 billion euros ($4.92 billion), the defence ministry said on Wednesday. The purchase is among 38 so-called “25-million euro proposals” for defence and equipment projects approved by the committee on Wednesday, Defence Minister …

German budget committee backs 4.7 billion euro deal to buy ThyssenKrupp submarines Read More »

(Reuters) -Britain’s FTSE 100 nudged slightly higher on Wednesday, led by banks, while investors digested key inflation data that could influence the future course of domestic monetary policy and awaited the U.S. Federal Reserve’s interest-rate decision. The FTSE 100 index edged up 0.1%, but still hovered around the more than three-week low hit on Tuesday. …

UK stocks close higher after inflation data; Fed decision in focus Read More »

By Simon Johnson LULEA, Sweden (Reuters) – Sweden’s local authorities, rattled by battery-maker Northvolt’s fight for survival and the potential fallout for taxpayers, are seeking increased financial support from the central government for the country’s transition to green industry. Europe’s electric vehicle battery champion filed for U.S. Chapter 11 bankruptcy protection last month with debts …

Sweden’s north frets over financial risks as green boom stumbles Read More »

By Sruthi Shankar and Shashwat Chauhan (Reuters) -European share indices closed up on Wednesday, boosted by technology stocks and French automaker Renault, though gains were capped on caution ahead of the Federal Reserve’s policy decision and outlook. The pan-European STOXX 600 closed 0.2% up, snapping a four-day losing streak, with technology outperforming, up 1.1%. French …

Tech sector supports European shares ahead of Fed rate outcome Read More »