Reuters UK Business

By Yousef Saba ABU DHABI (Reuters) -Western sanctions on Russia and Iran are creating record volumes of oil stored onboard vessels, preventing a supply glut from forming in global markets, Gunvor Group’s CEO said on Wednesday. The European Union, United Kingdom and the United States have imposed a raft of sanctions against Russia over its …

Unprecedented volume of oil stored on ships due to Western sanctions, Gunvor CEO says Read More »

(Reuters) -Eutelsat has appointed Sébastien Rouge as its new Chief Financial Officer, the French satellite operator said on Wednesday. Rouge, currently finance head at minerals group Imerys and previously CFO of semiconductor materials firm Soitec, will take on the new role in February 2026. He will replace Christophe Caudrelier, who is stepping down after three …

French satellite operator Eutelsat taps Imerys exec as next finance chief Read More »

By Nathan Vifflin (Reuters) -Dutch ethical‑electronics maker Fairphone is entering the U.S. market with its repairable headphones, preparing the ground for a phone launch, chief executive Raymond van Eck told Reuters in an interview. WHY IT’S IMPORTANT The move taps into a growing consumer and legislative push in the U.S. for a “right-to-repair” where consumers …

Europe’s Fairphone enters U.S. market tapping right-to-repair demand Read More »

A look at the day ahead in European and global markets by Gregor Stuart Hunter Nasdaq futures -0.3% Nikkei 225 -2.9% KOSPI -2.3% SoftBank Group -10.9% Samsung Electronics -3.9% A fuse lit on Wall Street turned explosive a day later in Asia, sparking the biggest losses for stocks in Japan and South Korea since April’s …

Morning Bid: Pyrotechnics in stocks and US elections Read More »

(Reuters) -Britain’s new car market rose by just under 1% in October, according to preliminary industry data released on Wednesday, with battery electric vehicles accounting for one in every four new cars in the month. The latest industry outlook expects the overall market to breach two million units this year for the first time since …

UK new car market sees slight rise in October, SMMT data shows Read More »

LONDON (Reuters) -Pay settlements awarded by British employers held steady in the three months to September, according to a survey published a day before the Bank of England’s interest rates decision. Incomes Data Research said on Wednesday that the median pay rise awarded by major employers was 3% in the July to September period, holding …

UK pay awards hold at lowest in nearly four years, IDR survey shows Read More »

(Reuters) -British Finance Minister Rachel Reeves on Wednesday will urge some of the world’s biggest insurance companies to invest more in London, the Financial Times reported on Tuesday. Reuters could not immediately verify the report (Reporting by Angela Christy in Bengaluru; Editing by Tom Hogue)

(Reuters) -Tesla’s UK car sales halved year-over-year in October, data from research group New AutoMotive showed on Wednesday, echoing the steep falls the U.S. electric vehicle maker saw in other European countries. There were only 495 new Tesla UK registrations in the month, down 51% from the 1,013 registrations last year, the data showed. Tesla …

Tesla’s UK car sales halve in October, New Automotive data shows Read More »