Reuters UK Business

Entain sets aside 585 million stg for potential settlement over bribery probe

10 Aug 2023

(Reuters) – British gambling firm Entain said on Thursday it had set aside 585 million pounds ($744.5 million) for a potential settlement with British authorities in relation to an investigation into potential bribery offences at its former Turkish business. The investigation by the UK’s tax authority, HMRC, included a review of the gambling firm’s former …

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RWE says new gas and hydrogen plants hinge on conditions

10 Aug 2023

FRANKFURT (Reuters) – German utility RWE on Thursday said national plans for new hydrogen-ready gas power plants hinge on clarity about conditions the government sets on tendering and infrastructure frameworks. “There are two conditions we see for these plants: they need clarity about the dimension and location of a hydrogen core transport grid and…a capacity …

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Yandex co-founder Volozh slams Russia’s ‘barbaric’ invasion of Ukraine

10 Aug 2023

By Alexander Marrow (Reuters) -The co-founder of Russian internet giant Yandex, Arkady Volozh, on Thursday condemned what he described as Russia’s “barbaric” invasion of Ukraine, days after criticism in Russia over his apparent efforts to distance himself from the country. Volozh described himself as a “Kazakhstan-born, Israeli tech entrepreneur” on a personal website, drawing some …

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Intermedia’s owner explores sale of communications services firm -sources

10 Aug 2023

By Milana Vinn (Reuters) – The private equity owner of Intermedia Cloud Communications is exploring options including a sale that could value the communications services provider at more than $1 billion, including debt, according to people familiar with the matter. Buyout firm Madison Dearborn Partners is working with investment bank Evercore on a sale process …

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Analysis-Biden’s tech curbs to keep investors sidelined, fearing more steps

10 Aug 2023

By Kane Wu and Michael Martina HONG KONG/WASHINGTON (Reuters) – President Joe Biden’s move to prohibit some U.S. technology investments in China is expected to keep investors on the sidelines, concerned that tougher measures are ahead as tensions simmer between the world’s two biggest economies. U.S. private equity and venture capital investors have already hit …

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Zurich Insurance price hikes help it weather climate storms

10 Aug 2023

By Olivier Sorgho (Reuters) – Zurich Insurance on Thursday reported a better-than-expected half-year operating profit, helped by its Life business and price hikes aimed at mitigating higher insurance claims from unpredictable weather. Europe’s fifth-largest insurer posted a business operating profit (BOP) of $3.72 billion, little changed versus a year earlier, while analysts in a company-provided …

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Pratt engine issues easing but shortages to last through 2024 -airBaltic

9 Aug 2023

By Tim Hepher PARIS (Reuters) – Shortages of Pratt & Whitney engines for Airbus A220 passenger jets have eased but it will take around 18 months before disruption is lifted altogether, the head of the airplane’s second-largest operator, airBaltic, told Reuters. A recall of Geared Turbofan engines for larger Airbus A320s for inspections and possible …

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