Reuters UK Business

PARIS (Reuters) – France and Qatar have sealed a strategic partnership under which Qatar has agreed to channel 10 billion euros ($10.85 billion) into start-ups and investment funds in France between 2024 and 2030, the French presidency said in a statement. The investments “to the mutual benefit of both countries” will target key sectors ranging …

Qatar to invest 10 billion euros in key sectors of French economy -Elysee Read More »

By Elvira Pollina and Paul Sandle MILAN/LONDON (Reuters) – Vodafone will likely hold a minority stake in a combined entity with Swisscom’s Italian unit Fastweb if a deal is reached on a potential tie-up of their Italian operations, three people familiar with the matter said. Vodafone’s Chief Executive Margherita Della Valle said earlier this month …

Vodafone to be minor partner in any Italian tie-up with Swisscom, sources say Read More »

By James Davey LONDON (Reuters) – British grocery prices rose this month at their lowest rate since March 2022, as supermarket promotions picked up after a post-Christmas slowdown, industry data showed on Tuesday. Market researcher Kantar said annual grocery price inflation was 5.3% in the four weeks to Feb. 18, down 1.5 percentage points from …

British grocery price inflation slows to 5.3%, Kantar says Read More »

OSLO (Reuters) – Delays to bringing new power generation online will lead to a “crunch point” for energy security in Britain by 2028, a study commissioned by power plant operator Drax and published on Tuesday showed. By 2028, the UK’s demand for power is set to exceed dispatchable and baseload capacity by 7.5 gigawatts (GW) …

UK power faces 2028 crunch point on newbuild delays, Drax warns Read More »

By Iain Withers LONDON (Reuters) – Profit fell at asset manager abrdn in 2023 and the British firm warned of further pressure on its margins as large clients shift cash away from actively managed funds. Still, shares surged 6% in early trading as investors welcomed a result that slightly exceeded analyst forecasts, along with a …

Abrdn profit dips as it pursues cost cuts to revive fortunes Read More »

By Michal Aleksandrowicz (Reuters) – French conglomerate Bouygues posted a 19% pro forma rise in annual operating profit on Tuesday as strong performances by energy arm Equans, road-building firm Colas and construction units offset weakness at real estate arm Immobilier and TV broadcaster TF1. Its shares rose more than 4.5% in early trading after the …

Bouygues posts profit rise helped by energy arm Equans Read More »