Reuters UK Business

By Unknown 81653c1b-391d-4f57-a18b-a96546dc667c (Reuters) – UK’s FTSE 100 ended higher on Monday, posting its best session in over four months as defensive sectors and energy shares led gains, while Deliveroo fell on concerns about a European Union ruling on gig workers. The blue-chip FTSE 100 index ended 1.7% higher at 7,232.28, its best session since …

FTSE 100 posts best session in over 4 mths on defensive, energy boost Read More »

By Philip Blenkinsop BRUSSELS (Reuters) -Anheuser-Busch InBev’s new leadership set the company’s first earnings target on Monday, forecasting 4% to 8% growth in core profit over the next four years based on rising beer sales and expansion in other drinks and even food. Michel Doukeris, who has been chief executive of the world’s largest brewer …

AB InBev sets first profit growth target under new chief Read More »

By Joice Alves LONDON (Reuters) – Sterling rose on Monday after Bank of England Deputy Governor Ben Broadbent warned Britain’s tight labour market will add pressure on inflation, reigniting some hopes for an interest rate hike. After Friday’s slump, sterling strengthened 0.1% versus the dollar, to $1.3238 at 1540 GMT, remaining not far from a …

Sterling rises as BoE’s Broadbent warns of price pressure from tight job market Read More »

By Julia Payne LONDON (Reuters) -BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have evaporated, according to a document seen by Reuters. Dated Brent, the S&P Global Platts benchmark set up over …

BP says Brent benchmark reform should include U.S. oil, dump Brent Read More »

(Refiles to correct to “this week” in lead) By Valentina Za MILAN (Reuters) -Andrea Orcel must convince UniCredit investors that he can deliver on a promise to grow the Italian bank profitably when he presents its new strategy this week. And after spurning a merger with state-owned Monte dei Paschi, the chief executive is still …

UniCredit’s Orcel pledges profitable new chapter for Italian bank Read More »

By Susanna Twidale LONDON (Reuters) – National Grid’s Electricity System Operator (ESO) is reviewing the way Britain’s power generators are paid to ensure the market remains balanced after several recent high-cost days, it said on Monday. British energy prices have reached record highs this year as global gas prices have soared, forcing multiple British energy …

Britain’s National Grid to review electricity balancing costs Read More »

PARIS (Reuters) – European space company ArianeGroup will develop a reusable mini-launcher to compete with the likes of Elon Musk’s SpaceX, French Finance Minister Bruno Le Maire said on Monday. The launcher “must be able to be operational in 2026”, Le Maire said during a trip to the ArianeGroup site at Vernon in Normandy, where …

France to mimic Musk with own SpaceX-style launcher, minister says Read More »