Reuters UK Business

By Sinead Cruise and Iain Withers LONDON (Reuters) -London’s embattled office market is in “rental recession” as empty workspace across the UK capital’s West End, City and Canary Wharf business hubs hits a 30-year high, analysts at Jefferies said, pressuring shares of several top landlords. In a note downgrading Land Securities, British Land, Derwent London …

London office market in ‘rental recession’ as vacancies hit 30-year high – Jefferies Read More »

By Helen Reid STOCKHOLM (Reuters) -H&M reported a pick-up in quarterly profit margins on Wednesday, boosting optimism about its turnaround efforts even as the fashion retailer blamed unusually hot weather in many of its European markets for delaying the autumn shopping season. H&M, whose biggest rival is Zara owner Inditex, said September sales would fall …

H&M profits impress despite September sales slowdown Read More »

FRANKFURT (Reuters) – Volkswagen is currently negotiating a new production deal with workers at its all-electric plant in Zwickau, Germany, after terminating a long-standing three-shift agreement, the carmaker said on Wednesday. “The aim is to reach a new agreement, jointly supported by the company and the employees, which takes into account the current market situation …

Volkswagen: terminates three-shift production agreement at Zwickau plant Read More »

LISBON (Reuters) – The CEO of the British Airways owner IAG, Luis Gallego, said on Wednesday the upcoming privatisation of Portugal’s TAP airline “could be interesting” for his company depending on the conditions. Portugal’s government is expected to approve the legal framework for the privatisation of state-owned airline TAP on Thursday. It has said it …

IAG could be interested in Portugal’s TAP, CEO Gallego says Read More »

OSLO (Reuters) – Finland’s data protection regulator said on Tuesday it had lifted a temporary ban on Russian tech group Yandex and Dutch-based partner Ridetech from transferring to Russia the personal data of customers of Yandex’s Yango ride-hailing app. The emergency ban was announced in August in response to Russian legislation which Finland at the …

Finland lifts ban on transferring Yandex data to Russia Read More »

By Foo Yun Chee BRUSSELS (Reuters) -EU industry chief Thierry Breton on Tuesday called on Apple CEO Tim Cook to open up the iPhone maker’s fiercely guarded ecosystem of hardware and software to rivals. Breton’s comments came after meeting Cook in Brussels. “The next job for Apple and other Big Tech, under the DMA (Digital …

EU’s Breton tells Apple CEO to open its ecosystem to rivals Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Edwards Lifesciences is working with EU antitrust regulators after they raided one of its facilities in an EU country a week ago, the U.S. medical device maker said on Tuesday. Edwards Lifesciences’ shares had dipped 2.5% in pre-market trade after Reuters published a story citing two people with direct …

Exclusive-Edwards Lifesciences cooperating with EU antitrust regulators Read More »

By David Lawder (Reuters) -World Bank Group President Ajay Banga on Tuesday said that proposed new contributions from wealthy countries under capital adequacy framework discussions could increase the bank’s lending capacity by $100 billion to $125 billion over a decade. Banga told a Council on Foreign Relations event that the contributions would come outside the …

World Bank chief sees $100 billion-plus lending boost from country contributions Read More »