Reuters UK Business

By Yadarisa Shabong and Yamini Kalia (Reuters) -Britain’s largest investment platform Hargreaves Lansdown on Friday agreed to a 5.4 billion pound ($6.9 billion) takeover by an international consortium, which is betting on grabbing market share in the competitive UK wealth market. The deal is the second largest by value struck this year by a London-listed …

UK’s Hargreaves Lansdown agrees $6.9 billion takeover by consortium Read More »

By Pranav Kashyap (Reuters) -European shares advanced 1% on Friday, on track to log gains for a fourth consecutive session and clawing back nearly all of their losses for the week following a global stocks rout on fears of a U.S. recession. The continent-wide STOXX 600 index rose 1%, regaining the key 500 mark. It …

European shares rise amid turbulent week for stocks Read More »

August 9 (Reuters) – Italian EU-harmonised consumer prices (HICP) fell 0.9% month-on-month in July and were up 1.6% from the year earlier, official statistics agency ISTAT said on Friday, revising down preliminary data. The preliminary estimate had pointed to -0.8% month-on-month and +1.7% year-on-year. July’s +1.6% annual rate was up from +0.9% in June. The …

Italy July EU-harmonised CPI revised down to +1.6% y/y Read More »

DUESSELDORF (Reuters) – Thyssenkrupp’s warship unit Marine Systems (TKMS) and German peer NVL are planning to form a joint venture to build frigates, according to Germany’s cartel office. TKMS was not immediately available for comment. (Reporting by Matthias Inverardi and Christoph Steitz, Editing by Miranda Murray)

(Reuters) – London’s FTSE 100 inched higher on Friday, as better-than-expected U.S. jobs data allayed fears of recession in the world’s top economy, while industrial metal miners further boosted recovery. The blue-chip FTSE 100 index was up 0.3%, while the mid-cap FTSE 250 rose 0.2% by 0709 GMT. However, both indexes are set to post …

FTSE 100 inches higher as miners gain, US jobs data allays recession fears Read More »

BERLIN (Reuters) -Lufthansa’s leisure subsidiary Discover Airlines has agreed to increase wages for cockpit and cabin staff, marking its first collective bargaining agreement since it began operating in 2021, the company and union said on Friday. The agreement covers 500 cockpit workers and 1,400 members of the cabin crew and is valid until the end …

Lufthansa’s Discover clinches first wage deal amid strike threat Read More »

FRANKFURT (Reuters) – German utility EnBW on Friday said first-half core profit declined by more than a quarter due to lower margins, while still confirming its outlook for 2024. The group said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 2.59 billion euros ($2.83 billion) in the first six months of …

EnBW confirms 2024 outlook after first-half profit drops Read More »

By Anirban Sen NEW YORK (Reuters) – Recursion Pharmaceuticals, a biotech firm which uses artificial intelligence to discover new drug candidates, has agreed to buy smaller rival Exscientia for $688 million in an all-stock deal, according to a statement seen by Reuters. The deal, which is expected to be announced as early as Thursday morning, …

Biotech firm Recursion to buy smaller peer Exscientia for $688 million Read More »

(Reuters) -News Corp beat estimates for fourth-quarter revenue on Thursday, driven by strength in its Dow Jones unit and gains in its Australian real estate business. A part of media mogul Rupert Murdoch’s empire, News Corp has benefited from continued growth in its business information unit, Dow Jones, which includes publications such as The Wall …

News Corp posts upbeat quarterly revenue on Dow Jones, Australia real estate strength Read More »