Reuters UK Business

OSLO (Reuters) – Shipping group Maersk’s truck and rail operations have been hit by heavy flooding in Germany, the Danish company said on Wednesday. Several people died and thousands were forced to leave their homes in southern Germany late last week as the water cut off some areas, local authorities reported. “As the situation is …

Maersk truck and rail operations hit by German floods Read More »

AMSTERDAM (Reuters) – Nike [NKE.N] is cutting jobs at its European headquarters in the Dutch city Hilversum, Bloomberg reported late on Tuesday. Nike did not immediately reply to an emailed request for comment. According to the sportswear giant’s website, more than 2,000 employees work at its European headquarters. It is not clear how many people …

Nike cutting jobs at European headquarters in the Netherlands -Bloomberg Read More »

By James Davey LONDON (Reuters) -British discount chain B&M met guidance with a 9.7% rise in 2023/24 earnings and said it was confident on the outlook for profit growth, but its shares dipped on a lack of news about recent trading. Shares in B&M were down 6% on Wednesday, with analysts highlighting the absence of …

UK discounter B&M dips on lack of current trading news Read More »

By David Milliken LONDON (Reuters) – Growth among Britain’s services businesses eased in May from April’s 11-month high and inflation pressures dropped to their lowest in three years, a survey showed on Wednesday, potentially easing the way for a Bank of England rate cut later this year. The S&P Global UK Services Purchasing Managers’ Index …

UK services firms report slower growth and weaker inflation, PMI shows Read More »

(Reuters) – British retailer WH Smith said on Wednesday it was well positioned for the peak summer, betting on strong travel demand that is expected to propel sales across its product range from books to sandwiches. Expecting resilient travel demand, companies like WH Smith with a presence in travel hotspots are banking on a strong …

Retailer WH Smith says well set for summer, bets on strong travel demand Read More »

(Reuters) -Buyout firm Apollo Global Management will acquire a 49% equity interest in Intel’s manufacturing facility in Ireland for $11 billion, the companies said on Tuesday. Apollo will acquire the stake in the Fab 34 facility in Leixlip, Ireland, the U.S. chipmaker’s first high-volume location for its Intel 4 manufacturing process using extreme ultraviolet lithography …

Apollo Global to provide $11 billion to Intel for Ireland facility Read More »

By Joanna Plucinska and Thomas Seythal BERLIN (Reuters) -Europe’s aviation regulator will propose next week that its U.S. counterpart, the Federal Aviation Administration (FAA), acts as an observer on safety audits including those of Airbus planes, its chief told Reuters on Tuesday. Speaking on the sidelines of the Berlin Aviation Summit, the European Union Aviation …

Exclusive-EU aviation regulator to allow FAA to observe its plane audits Read More »