Reuters UK Business

By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European shares gave up early gains to close little changed on Thursday as investors assessed signs of stalling business activity and a raft of earnings from the likes of online gaming group Evolution, carmaker Renault and consumer major Unilever. The pan-European STOXX 600 index ended …

European shares end flat as economic woes overshadow upbeat earnings Read More »

By Kannaki Deka and Nathan Gomes (Reuters) -Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrowing costs hurt demand for the company’s motorcycles in North America, sending its shares down more than 3% on Thursday. Spending on big-ticket purchases has slipped, with consumers wary of depleting savings and rising credit card debt, …

Harley-Davidson lowers full-year revenue forecast on weak demand Read More »

NEW DELHI (Reuters) – A decision by U.S. chipmaker Wolfspeed to shelve plans to build a production site in the German state of Saarland frees up funds, but the German economy minister is not happy about this, he said on Thursday. “This was associated with great hopes for Saarland,” Robert Habeck said of the now-shelved …

Shelved chip plant frees up funds but bad for German state, minister says Read More »

MILAN (Reuters) -Italian energy group Eni said on Thursday it would invest 2 billion euros ($2.2 billion) in five years to decarbonise and relaunch its loss-making chemicals business Versalis. “Eni aims to significantly reduce Versalis’ exposure to basic chemicals, a sector that is facing structural and irreversible decline in Europe,” the group said in a …

Eni says will inject 2 billion euros to relaunch chemicals business Read More »

By Chris Kirkham (Reuters) -Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hailing services to the public in California and Texas next year, a claim likely to face significant regulatory and technical challenges. “We think that we’ll be able to have driverless Teslas doing paid rides next year,” …

Tesla promises paid robotaxis next year, but significant hurdles remain Read More »

By Pranav Kashyap (Reuters) -London’s blue-chip stock index edged higher on Thursday, buoyed by upbeat corporate earnings and economic data that bolstered bets of more rate cuts from the Bank of England. The benchmark FTSE 100 closed up 0.13%, while the domestically focused FTSE 250 slipped 0.2%. Unilever gained 2.9% after the consumer goods giant …

FTSE 100 closes higher on earnings boost Read More »

By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON (Reuters) – Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale. AllianzGI, which oversees …

Allianz weighs options for AllianzGI unit, sources say Read More »

By Balazs Koranyi WASHINGTON (Reuters) -Three European Central Bank officials tried to cool market speculation on bigger interest rate cuts on Thursday, urging the ECB to proceed gradually or at least keep its options open. The ECB has cut interest rates three times already this year and investors are speculating on bigger and faster cuts …

ECB hawks push back against bets on more and bigger cuts Read More »