Reuters UK Business

By Aishwarya Jain (Reuters) -Hotel operator Marriott International raised its full-year 2025 profit forecast and beat third-quarter estimates on Tuesday as resilient demand for luxury accommodation countered soft sales in its budget and select-service hotels. Shares of the company rose 2% in morning trading. In the past year, Marriott has flagged hits from a fall …

Marriott lifts 2025 profit forecast on robust luxury hotel demand Read More »

By Gwladys Fouche OSLO (Reuters) -Norway’s parliament on Tuesday voted in favour of pausing ethical divestments by its $2.1 trillion sovereign wealth fund, the world’s largest, while it updates the fund’s ethical guidelines. The move, proposed by the minority Labour government early on Tuesday, came at a time of intense international scrutiny on the fund’s …

Norway pauses wealth fund’s ethical divestments Read More »

(Reuters) -Activist investor Kimmeridge on Tuesday called for an overhaul of leadership and strategy at Coterra Energy, saying the 2021 merger of Cabot Oil & Gas and Cimarex Energy to form the company has failed to deliver value and left it trading at a discount to its peer. In an open letter, the private investment …

Kimmeridge calls for overhaul at Coterra, says 2021 merger a failure Read More »

(Reuters) -Spotify forecast fourth-quarter profit above Wall Street expectations on Tuesday, betting on robust user growth and a boost from price hikes in the crucial holiday season. Shares of the company rose nearly 5% in premarket trading, following its first earnings report since the September announcement that founder-CEO Daniel Ek will transition to executive chairman …

Spotify expects strong profit on price hikes, steady user growth Read More »

By Sam Tobin LONDON (Reuters) -Getty Images largely lost its London lawsuit against artificial intelligence company Stability AI over its image generator on Tuesday, prompting Getty and some lawyers to call for stronger protections for copyright owners in Britain. Seattle-based Getty, which produces editorial content and creative stock images and video, accused Stability AI of …

Getty Images largely loses landmark UK lawsuit over AI image generator Read More »

By Amanda Cooper and Dhara Ranasinghe LONDON (Reuters) -Britain’s pound touched its lowest point since April on Tuesday after finance minister Rachel Reeves reiterated her commitment to upholding her fiscal rules in her November budget, ahead of a Bank of England interest rate decision later this week. In a rare pre-budget speech, Reeves framed her …

Sterling hits April low as Reeves hints at tax rises in budget Read More »