Reuters UK Business

By Susanna Twidale LONDON (Reuters) – U.S. start-up Last Energy said on Friday it had received a tentative offer of $103.7 million in debt financing from Washington to set up the first of four planned quick-build, micro-sized nuclear power plants in Britain. There has been growing interest in micro plants as governments, including Britain’s, look …

US looks to back $104 million micro nuclear plant project in Britain Read More »

By Victoria Waldersee BERLIN (Reuters) -Porsche SE, Volkswagen’s top shareholder, on Friday warned it may write down the value of its stake in Europe’s top carmaker by up to 20 billion euros ($21 billion), in the latest sign of how VW’s cost crisis has shaken investor faith in the carmaker. The German carmaker is suffering …

Porsche SE to take up to $21 billion impairment on Volkswagen stake Read More »

By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that lower interest rates in Europe and the U.S. could boost fuel demand. Brent futures rose $1.08, or 1.5%, to settle at $74.49 …

Oil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran Read More »

By Anna Hirtenstein and Marwa Rashad LONDON -Russia’s largest liquefied natural gas producer Novatek is working with lobbyists in an attempt to rebuild U.S. relations after Washington imposed sanctions on its mammoth Arctic LNG 2 project, two sources familiar with the matter said. Russia’s relationship with the United States hit a post-Cold War low after …

Russia’s Novatek working with lobbyists to thaw US relations, sources say Read More »

(Reuters) -British utility Thames Water said on Friday that it has proposed some changes to the terms of the funding at the heart of its rescue plan, with increased support from investors in its process to raise further equity. The largest water supplier in the country has been on the brink of collapse since investors …

Britain’s Thames Water seeks changes to some terms of funding Read More »

By Sruthi Shankar and Johann M Cherian (Reuters) -European stocks slipped on Friday, taking the main benchmark to its first weekly decline in three, as investors sought clarity on the pace of monetary easing in the euro zone next year amid concerns over slowing economic growth and a potential trade war. The pan-European STOXX 600 …

Europe’s STOXX 600 snaps three-week winning streak Read More »

By Arsheeya Bajwa and Siddarth S (Reuters) – Broadcom is predicting a massive expansion in demand for chips that power AI – and the market, for now, is buying it all the way. The company’s valuation hit $1 trillion on Friday as its shares surged 21% after CEO Hock Tan said AI could present a …

Broadcom hits trillion-dollar valuation on lofty forecasts for AI demand Read More »

By Nikhil Sharma and Sukriti Gupta (Reuters) -Britain’s FTSE 100 fell on Friday after data showed a surprise contraction in the country’s gross domestic product in October. The FTSE 100 was down 0.1%, but eked out gains for a fourth week, while the midcap FTSE 250 lost 0.3% to log its first weekly loss in …

UK stocks fall after surprise contraction in October GDP Read More »