Reuters UK Business

By Sarah Young LONDON (Reuters) -British airline easyJet said it was confident travel demand would remain strong this summer, putting it on track for further growth and boosting its shares after it forecast a smaller-than-expected winter loss. Consumers in Europe are continuing to spend on trips despite rising fares and their incomes being squeezed by …

UK’s easyJet sees strong summer momentum, lifting shares Read More »

(Reuters) -Britain’s Dunelm Group on Thursday reported slower sales growth in the third quarter compared to the half-year as customer spending remained under pressure, although it expects gross margin to expand this year as it manages costs related to disruptions in the Red Sea. WHY IT’S IMPORTANT Companies like Dunelm have been keeping prices down …

Homeware retailer Dunelm’s slower Q3 sales growth drags shares Read More »

BUENOS AIRES (Reuters) – Automaker Stellantis said on Wednesday it will pay $100 million to acquire 49.5% of 360 Energy Solar, one of Argentina’s leading solar power producers, in a push towards making its plants more energy self-sufficient. Stellantis, which makes and sells Citroen, Fiat and Peugeot vehicles in the South American country, said in a …

Stellantis to acquire stake in Argentina solar power firm in green energy push Read More »

WASHINGTON (Reuters) -Britain’s struggling Thames Water must sort out its own financial issues, finance minister Jeremy Hunt said on Wednesday, warning that the British state would never insure investors against bad decisions. Thames Water, the nation’s biggest water utility, has been engulfed in crisis and faces potential nationalisation after its shareholders last month refused to …

UK finance minister: Thames Water must sort out its own issues Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms and other large online platforms should offer users the option to use their services for free without targeted advertising, the EU privacy watchdog said on Wednesday, responding to the company’s paid ad-free service that has triggered criticism. The U.S. tech giant launched the no-ads subscription service for …

Meta, others should give users free option without targeted ads, EU privacy watchdog says Read More »

By Greg Bensinger (Reuters) – Amazon.com said on Wednesday it plans to push its cashierless shopping technology into more third-party stores this year, even as it reduces its reliance on the technology in its own. The online retailer said about 140 stores use the system, known as “Just Walk Out,” which allows customers to scan …

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself Read More »

By Allison Lampert and Abhijith Ganapavaram (Reuters) – Boeing’s safety culture and manufacturing quality, both at the center of a full-blown crisis following a Jan mid-air panel blowout, faced scrutiny on Wednesday in two U.S. Senate hearings. Boeing has been grappling with a safety crisis after the door plug panel blew off an Alaska Airlines …

Boeing’s safety culture under fire at U.S. Senate hearings Read More »

WASHINGTON (Reuters) – European Central Bank President Christine Lagarde hinted on Wednesday that it was too early for the ECB to review its 2% inflation target because its fight to rein in price growth was not over yet. “The game is not over” Lagarde said, recalling her previous comment that one should not “change the …

ECB’s Lagarde hints it is too early to review inflation target Read More »