Reuters UK Business

(Reuters) -British billionaire Jim Ratcliffe’s INEOS Sports is contemplating buying a minority stake in Manchester United rather than seeking full control, in an effort to end a nearly ten month-long process to resolve the club’s future ownership, Sky News reported on Monday. Ratcliffe’s INEOS Sports has proposed to the controlling Glazer family a deal that …

Billionaire Ratcliffe mulls buying stake in Manchester United – Sky News Read More »

By Manya Saini and Niket Nishant (Reuters) -Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, has targeted a fully diluted valuation of about $10 billion in its highly anticipated U.S. initial public offering (IPO). The company and its stockholder plan to sell at least 32 million shares, likely to be priced …

Birkenstock aims for $10 billion valuation as it strides toward Wall Street Read More »

By Harry Robertson LONDON (Reuters) – The pound fell slightly on Monday, continuing a weak run that saw it drop 3.7% in September – its worst monthly performance in a year. Sterling was last down 0.14% at $1.2188. Last week it fell to its lowest level since March at $1.2111 before picking up slightly, but …

Sterling on back foot again after September slump Read More »

(Reuters) -Several UK water firms on Monday proposed investing billion of pounds to tackle water quality, leakage and pollution issues, in a move that an industry body said would see bills rise by an average of 156 pounds a year per household by 2030. The investments are part of regulator Ofwat’s price review programme, wherein …

UK water firms eye hefty investments, rising bills Read More »

AMSTERDAM (Reuters) -Dutch competition watchdog ACM on Monday said it had rejected objections by Apple against fines of 50 million euros ($53 million) it gave the company over failure to comply with orders to limit the dominant position of Apple’s App Store. The ACM said Apple has complied with most of its demands to open …

Dutch regulator rejects Apple’s objections to fines Read More »

CHISINAU (Reuters) – Much of Moldova will no longer buy gas from Russian energy giant Gazprom, Moldovan Energy Minister Victor Parlicov said on Monday, referring to parts of the country that capital Chisinau controlled and not breakaway areas. His comments suggested the country, one of Europe’s poorest, had strengthened its independence from Russian gas. Chisinau-controlled …

Moldova will no longer buy gas from Russia’s Gazprom – energy minister Read More »

By Sruthi Shankar (Reuters) -European stocks started the final quarter of the year with mild gains as the United States avoided a federal government shutdown, though data showed factory activity in the euro zone remained in a broad-based downturn. The pan-European STOXX 600 index edged up 0.2% on Monday, with real estate and mining sectors …

European stocks start Q4 with mild gains as US avoids shutdown Read More »