Reuters UK Business Archives - Page 1710 of 1714

Analysis: UK North Sea’s oil and gas future darkens after Shell’s Cambo exit

6 Dec 2021 6 Dec 2021

By Shadia Nasralla and Ron Bousso LONDON (Reuters) – Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising Cambo oil development to another private equity-backed company, NEO, sources told Reuters. But on Thursday Royal Dutch Shell, Siccar Point’s partner …

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UK new car sales edge up in November, but chip shortages weigh

6 Dec 2021 6 Dec 2021

LONDON (Reuters) -British new car registrations last month were 1.7% higher than a year earlier but almost a third below their average pre-pandemic level due to ongoing computer chip shortages, industry data showed on Monday. The Society of Motor Manufacturers and Traders (SMMT) said 115,706 new cars were registered in November, up from 113,781 in …

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AG Barr bets on plant-based milk with majority stake in MOMA Foods

6 Dec 2021 6 Dec 2021

(Reuters) – British soft drinks maker A.G. Barr said on Monday it bought a 60% stake in porridge and oat milk maker MOMA Foods as it forays into the fast-growing plant-based milk sector. Best known for fizzy drink Irn-Bru, A.G. Barr said it had agreed to assume full ownership of MOMA Foods over the next …

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Lender Amigo plans new $128 million rescue proposal, shares fall

6 Dec 2021 6 Dec 2021

(Reuters) -British sub-prime lender Amigo said on Monday it plans to contribute 97 million pounds ($128.32 million) under a new business rescue proposal, revised up from 35 million pounds that it had previously estimated. The lender laid out two different options — one dependent on the restart of lending operations as well as securing money …

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UK fashion chain Ted Baker Chairman John Barton dies at 77

6 Dec 2021 6 Dec 2021

(Reuters) -British fashion chain Ted Baker on Monday said Chairman John Barton had died, and senior independent director Helena Feltham would take on the role of interim chairman with immediate effect. In a brief statement, the London-listed retailer did not specify the cause of Barton’s death, but said it was sudden. Barton, 77, joined Ted …

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London Stock Exchange acquires Quantile

6 Dec 2021 6 Dec 2021

(Reuters) – London Stock Exchange Group plc said on Monday it had acquired Quantile Group Limited to expand its range of Post Trade risk management solutions. Quantile is a provider of portfolio, margin and capital optimisation services. LSEG has agreed to pay up to £274 million ($362 million) to Quantile’s shareholders. LSEG owns finanical data …

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UBS Swiss arm proposes veteran Ronner as chairman

6 Dec 2021 6 Dec 2021

ZURICH (Reuters) – UBS Switzerland, the domestic arm of UBS Group, will propose the election of Markus Ronner as chairman and Barbara Lambert as a new independent member of the board of directors at its annual meeting in April 2022, the companies said on Monday. Ronner will succeed Lukas Gähwiler, who has been nominated as …

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CBI cuts UK economic growth forecasts on supply chain hit

6 Dec 2021 6 Dec 2021

LONDON (Reuters) – Britain’s economy looks set to grow more slowly than previously thought this year and in 2023 due to global supply chain problems and the government must encourage longer-term business investment, an employers group said on Monday. The Confederation of British Industry cut its forecasts for economic growth to 6.9% in 2021 and …

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Infinity Lithium, thyssenkrupp to assess green hydrogen potential in lithium production

5 Dec 2021 5 Dec 2021

(Reuters) – Australia’s Infinity Lithium Corp Ltd said on Monday it will collaborate with a unit of Germany’s thyssenkrupp AG to explore the use of green hydrogen in producing lithium. Green hydrogen is produced by splitting water molecules with renewable electricity and is seen as a way for heavy-emission industries such as mining and aviation …

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Tesla seeks court approval of win in engineer’s defamation case

5 Dec 2021 5 Dec 2021

By Daniel Wiessner (Reuters) -Tesla Inc has asked a U.S. court to affirm an arbitrator’s recent decision dismissing a former engineer’s claims that the automaker fired and defamed her for raising concerns about defective floormats and contracting practices. In a petition filed in San Francisco federal court on Thursday, Tesla said an arbitrator in a …

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