Reuters UK Business

By Katie Paul NEW YORK (Reuters) -Meta Platforms released the biggest version of its mostly free Llama 3 artificial intelligence models on Tuesday, boasting multilingual skills and general performance metrics that nip at the heels of paid models from rivals like OpenAI. The new Llama 3 model can converse in eight languages, write higher-quality computer …

Meta unveils biggest Llama 3 AI model, touting language and math gains Read More »

(Reuters) – Stellantis is recalling 19,516 hybrid vehicles in the U.S. as their battery pack may cause a vehicle fire when parked, the U.S. National Highway Traffic Safety Administration said on Tuesday. (Reporting by Disha Mishra in Bengaluru; Editing by Mrigank Dhaniwala)

By Stephanie Hamel and Charlotte Eugenie Yvette Bawol (Reuters) -Dulux paints maker Akzo Nobel reported a 1% rise in second-quarter core profit on Tuesday, falling short of analysts’ expectations, due to weaker volume growth and price increases, sending its shares down. The Dutch paints-and-coatings maker has been focused on cutting costs as the wider industry …

Akzo Nobel’s Q2 core profit misses expectations, sending shares lower Read More »

By Olivier Sorgho and Pauline Foret (Reuters) -Europe’s largest defence electronics company Thales beat market expectations for fresh orders on Tuesday as military clients bought more gear, but margin worries in its space business sent its shares falling more than 4%. Thales has benefited from rising demand for military gear, bolstered by renewed engagements of …

Thales new orders jump 26%, but space business woes weigh on shares Read More »

By Yadarisa Shabong (Reuters) -Caterer Compass raised its annual profit and revenue forecasts for the second time this year on Tuesday, after third-quarter revenue beat expectations as more people eat in office canteens rather than in pricier high-street restaurants. Shares in the FTSE 100-listed company rose nearly 5% to the top of the London blue-chip …

British caterer Compass serves up second annual forecast upgrade this year Read More »

By Pranav Kashyap and Shristi Achar A (Reuters) – European shares edged higher on Tuesday as a rally in technology-related shares following robust earnings from SAP and Logitech offset losses in miners. The pan-European STOXX 600 index was up 0.1%, as of 0842 GMT, after posting its best day in more than a month on …

European stocks inch up as tech shares rally, miners limit gains Read More »

By Harry Robertson LONDON (Reuters) – The pound fell slightly on Tuesday, slipping further from last week’s one-year high, as investors waited for U.S. inflation data on Friday to shake up subdued currency markets. Sterling was last 0.1% lower against the dollar at $1.2924, after hitting its highest level last week since July 2023 at …

Sterling dips after strong rally as traders await fresh impetus Read More »