Reuters UK Business

LBMA’s new database for gold bars will be mandatory for listed refineries from 2027

KYOTO (Reuters) -Gold refineries accredited by the London Bullion Market Association will be required to provide data to a digital platform from 2027 to increase transparency in the industry, the association’s head said on Monday. The LBMA, which oversees London’s over-the-counter gold trading hub, the world’s largest, is pushing the market for more transparency as …

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Europe’s new space merger explores the FOMO frontier

By Tim Hepher, Mathieu Rosemain and Elvira Pollina PARIS/LONDON (Reuters) -Driven to the brink by Elon Musk’s SpaceX, Europe’s biggest satellite firms are setting aside longtime rivalries in a do-or-die $7 billion merger that some insiders are already calling Project FOMO.  A riff on Project Bromo, the code name for talks that led to Thursday’s …

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UK manufacturers invest at slowest pace since 2017, report says

By David Milliken LONDON (Reuters) -British manufacturers are investing the least in new equipment relative to their sales since 2017, according to a report from trade body Make UK, which urged the government to streamline tax incentives in next month’s annual budget. Make UK said manufacturers were investing the equivalent of 6.8% of their annual …

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UK finance minister to join Saudi investment summit and hold Gulf trade talks

By David Milliken LONDON (Reuters) -British finance minister Rachel Reeves will attend an investment summit in Saudi Arabia on Monday and seek to advance trade talks with other Gulf countries, in what officials said was the first visit to the region by a British finance minister in six years. Saudi Arabia will host its flagship …

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Putin’s investment envoy Dmitriev continues talks with US officials

MOSCOW (Reuters) -Russian President Vladimir Putin’s special envoy for investment and economic cooperation, Kirill Dmitriev, said on Sunday that he had continued talks with representatives of President Donald Trump’s administration in the United States. Dmitriev told Reuters on Oct. 24 that he was in the United States for a long-planned meeting. “We have been negotiating …

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Gerresheimer finds 2024 revenue-recognition issues after external probe

(Reuters) -Medical equipment maker Gerresheimer said it has obtained the initial findings from an investigation by an external law firm into the recognition of revenue and profit from bill-and-hold agreements in the 2024 financial year. In September, Germany’s financial regulator BaFin said it would review Gerresheimer’s financial statements as of November 30, 2024, adding the …

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