Reuters UK Business

LONDON (Reuters) – The pound traded at a three-week high against the euro on Monday, after Sunday’s election in France looked likely to result in a hung parliament that raises the risk of political gridlock in the euro zone’s second-largest economy. In the UK, new Finance Minister Rachel Reeves will pledge on Monday to take …

Pound touches three-week high vs euro after France vote Read More »

(Reuters) -British fintech company Revolut’s CEO Nikolay Storonsky will cash in part of his multibillion dollar stake in the company as part of a $500 million share sale, Sky News reported on Sunday. The Financial Times reported last month that the digital finance app is working with bankers on the share sale, including shares held …

Revolut CEO to sell part of stake in $500 million share sale, Sky News reports Read More »

By Leigh Thomas and Helen Reid AIX-EN-PROVENCE, France (Reuters) – France’s business elite is anxious about volatile politics, inexperienced policymakers, street protests and a possible wave of bankruptcies in the coming months, executives meeting in Provence said ahead of Sunday’s parliamentary election. Corporate leaders gathered on Friday and Saturday in the southern city of Aix-en-Provence …

Corporate France braces for new era of political turmoil Read More »

By Jaspreet Singh and Foo Yun Chee (Reuters) – Apple said on Friday it has approved Epic Games’ games marketplace app on iPhones and iPads in Europe, after the “Fortnite” maker escalated its feud with the technology giant, accusing it of hindering its efforts to set up a games store on the devices. Apple said …

Apple okays Epic Games marketplace app in Europe Read More »

By Jonathan Stempel NEW YORK (Reuters) – Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying “all indications” show his delay was a mistake. In a late Wednesday night filing in Manhattan …

Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit Read More »

By Ron Bousso LONDON (Reuters) – North Sea oil and gas producers urged Britain’s incoming Prime Minister Keir Starmer to provide clarity on his election promise to increase tax on the sector, warning it could lead to a rapid decline in output and revenue. Starmer’s Labour Party swept to power in a parliamentary election on …

North Sea oil producers urge Labour’s Starmer for tax clarity Read More »

(Reuters) -British homebuilder Crest Nicholson said on Friday it had received a merger proposal from Elliott-backed Avant Homes but added it wouldn’t enter talks while it is in an offer period following Bellway’s takeover bid last month. Avant’s all-share proposal would see fund manager Elliott take a 30% stake in the merged company, Crest said. …

Crest Nicholson won’t enter talks on merger proposal from Avant Homes Read More »

LONDON (Reuters) – The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on Friday. Hackers had stolen more than $1.38 billion worth of crypto by …

Crypto hacking thefts double to $1.4 billion in first half of 2024, researchers say Read More »