Reuters UK Business

(Reuters) -Spanish construction giant Ferrovial said on Thursday it closed the sale of a 19.75% stake in Heathrow Airport Holdings for 2 billion euros ($2.10 billion) to French investment firm Ardian and Saudi Arabia’s sovereign wealth fund PIF. Other shareholders of FGP Topco Ltd, the parent company of Heathrow Airport Holdings, sold an additional 17.87% …

Ferrovial closes sale of 19.75% stake in Heathrow Airport for 2 billion euros Read More »

By Alexander Tanas CHISINAU (Reuters) -Moldova’s parliament voted early on Friday to impose a national state of emergency for 60 days starting on Dec. 16 due to an expected cut-off of Russian gas supplies from Jan. 1. Fifty-six members in the 101-seat chamber backed the measure in the vote just after midnight following Prime Minister …

Moldova declares state of emergency as risk of Russian gas cutoff looms Read More »

By Siddarth S (Reuters) -Shares of Adobe fell nearly 12% on Thursday after the Photoshop maker’s downbeat full-year revenue forecast led to concerns that returns from AI investments into its software applications might take longer than expected. “While the company remains on track with its GenAI product roadmap, we think the lack of … explicit …

Adobe falls as annual revenue forecast triggers concerns on delayed AI returns Read More »

(This Dec. 11 story has been corrected after the company clarified that van der Steene was referring to global trade growth forecast, not global container volumes, in the headline and in paragraph 1) By Siddharth Cavale NEW YORK (Reuters) – Maersk expects global trade growth rising as much as 7% next year, bolstered by strong …

Maersk sees global trade growth rising as much as 7% in 2025, exec says Read More »

By Stephen Nellis and Arsheeya Bajwa (Reuters) -The two executives leading Intel after the ouster of its chief executive conceded on Thursday that the company may be forced to sell its manufacturing operations if a new chipmaking technology slated for next year does not succeed. Intel both designs and manufactures chips, making it unique in …

Intel executives say a manufacturing spinoff is possible Read More »

BERLIN (Reuters) – Germany’s new government must ease the financial burden on aviation to ensure the industry remains competitive, federal state leaders said on Thursday, calling for steep cuts in taxes and charges as a priority. While most other European markets have overcome the crises of recent years and achieved new records in recent months, …

German states call for tax cuts, support for aviation industry Read More »

PARIS (Reuters) – French fashion house Chanel selected former Bottega Veneta design chief Matthieu Blazy as its next creative director, the company said on Thursday, after months of fevered speculation about the industry’s most coveted job. The choice of Blazy signals a new aesthetic for the privately-owned brand, famous for tweed jackets, double-C logos and …

Chanel picks Matthieu Blazy as creative director Read More »

(Reuters) – Private equity firm Triton acquired automotive supplier Bosch’s security and communications technology product business, both companies said on Thursday. “The transaction encompasses three business units – Video, Access and Intrusion, and Communication – and thus the entire product business of Bosch Building Technologies that was offered for sale,” Bosch said in a statement …

Triton acquires Bosch’s security and communications unit Read More »